Bank Name
 |
Type
|
Loan Eligibility
(Rs. in Lacs)
|
Interest Rate
(%) |
EMI
(Rs.)
|
Processing
Fee |
Action |
Initial
|
Average
|
| Full Results |
| Bank of Maharashtra
|
Floating |
9 |
11.25
|
11.25
View Details |
7,790
View Details |
Rs 2000 |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Central Bank of India
|
Floating |
10 |
11.0
|
11.0
View Details |
7,754
View Details |
Rs 2000 |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Canara Bank
|
Fixed |
12 - 15 |
8.5
* |
9.08
View Details |
7,394
View Details |
0.1% of loan amount |
|
| *Canara Bank offers 8.5% fixed for 1st yr, 9.5% fixed for 2-3 yrs, 10% fixed for 4-5 yrs and 10.5% fixed for 5-6 yrs. |
| Pre-payment charges: DNA |
| Bank of Baroda
|
Floating |
12 |
10.25
|
10.25
View Details |
7,645
View Details |
0.75% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Federal Bank
|
Fixed |
12 - 15 |
11.0
|
11.0
View Details |
7,754
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% on principal amount prepaid. |
| Catholic Syrian Bank
|
Fixed |
12 - 15 |
11.5
|
11.5
View Details |
7,827
View Details |
1% of loan amount |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 1% on the principal amount prepaid. |
| Punjab National Bank
|
Fixed |
12.5 |
10.5-11.0
|
10.5-11
View Details |
7,681
- 7,754
View Details |
1% of the loan amount or max Rs 4000 |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Dena Bank
|
Floating |
12 - 15 |
11.0
|
11.0
View Details |
7,754
View Details |
Rs 500 |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Oriental Bank of Commerce
|
Floating |
10 |
10.75
|
10.75
View Details |
7,717
View Details |
0.50% of loan amount or min Rs 500 |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| IDBI Bank
|
Floating |
12 - 15 |
8.5
* |
9.19
View Details |
7,394
View Details |
0.5% of loan amount or Rs.2500 |
|
| *IDBI offers 8.5% fixed for 1st yr, thereafter prevailing floating rate, currently 9.75% |
| Pre-payment charges: DNA |
| Indian Bank
|
Fixed |
12 - 15 |
11.25
|
11.25
View Details |
7,790
View Details |
0.30% of the loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% on principal amount prepaid. |
| Bank of Maharashtra
|
Floating |
9 |
9.5
* |
9.58
View Details |
7,537
View Details |
Rs 2000 |
|
| *Bank of Maharashtra offers 9.5% fixed for the 1st three years, thereafter BPLR-1.75%. Current BPLR 12.25%. |
| Pre-payment charges: Nil |
| Bank of India
|
Floating |
12 |
10.25
|
10.25
View Details |
7,645
View Details |
1.1% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Vijaya Bank
|
Floating |
12 - 15 |
11.25
|
11.25
View Details |
7,790
View Details |
Rs 620 per lakh or min Rs 1240 |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: DNA |
| UCO Bank
|
Floating |
12 - 15 |
11.5
|
11.5
View Details |
7,827
View Details |
1% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: for loan above 2 lac- 0.50% of outstanding amount
|
| State Bank of Mysore
|
Floating |
15 |
10.75
|
10.75
View Details |
7,717
View Details |
Nil |
|
| Minimum down payment required, 15%-30% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% of outstanding amount |
| Corporation Bank
|
Fixed |
12 - 15 |
11.0
|
11.0
View Details |
7,754
View Details |
1% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (including registration tax and insurance premium). |
| Pre-payment charges: NA |
| Syndicate Bank
|
Floating |
10 |
12.0
|
12.0
View Details |
7,900
View Details |
NA |
|
| Minimum down payment required, 5% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| Indian Overseas Bank
|
Fixed |
12 - 15 |
11.5
|
11.5
View Details |
7,827
View Details |
Rs 134 to Rs 168 |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 1% on principal amount prepaid. |
| Karnataka Bank
|
Fixed |
12 - 15 |
11.0
|
11.0
View Details |
7,754
View Details |
0.25% to 0.50% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Tata Capital - Car Loans (New)
|
Fixed |
12 - 15 |
10.0
|
10.0
View Details |
7,609
View Details |
0.5% of loan amount. |
|
| *Tata Capital provides up to 100% of the ex-showroom cost |
| Pre-payment charges: 5% of principal amount prepaid. |
| State Bank of Patiala
|
Floating |
15 |
11.25
|
11.25
View Details |
7,790
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: DNA |
| ABN Amro
|
Fixed |
12 - 15 |
15.0
|
15.0
View Details |
8,349
View Details |
Nil |
|
| Minimum down payment required, 10%-30% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 4% on principal amount prepaid |
| HDFC Bank
|
Fixed |
18 |
10.5
|
10.5
View Details |
7,681
View Details |
Rs 1600 to Rs 3000 |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 5% on principle amount prepaid. |
| ICICI Bank
|
Floating |
12 - 15 |
8.75-12.5
|
8.75-12.5
View Details |
7,430
- 7,974
View Details |
Rs 2500 to Rs 5000 |
|
| Minimum down payment required, 5% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 5% on principal amount prepaid. |
| Andhra Bank
|
Floating |
10 |
11.5
|
11.5
View Details |
7,827
View Details |
Rs 250 to Rs 1000 |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% on principal amount prepaid. |
| Union Bank of India
|
Fixed |
24 |
11.25
|
11.25
View Details |
7,790
View Details |
Rs 500 for loans upto Rs 2 Lakh, Rs 1000 for loans above Rs 2 Lakh. |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: If paid by own source-Nil, else 2% of principal amount prepaid. |
| Allahabad Bank
|
Floating |
10 |
10.5
|
10.5
View Details |
7,681
View Details |
Nil |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% of outstanding loan amount |
| Kotak Bank
|
Floating |
12 - 15 |
10.5-11.0
|
10.5-11
View Details |
7,681
- 7,754
View Details |
3% of the loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 5.75% of principal outstanding |
| South Indian Bank
|
Fixed |
12 - 15 |
14.25
|
14.25
View Details |
8,236
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 10%-25% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Saraswat Bank
|
Fixed |
10 |
10.5
|
10.5
View Details |
7,681
View Details |
0.5% of loan amount |
|
| "Interest rate reset clause" - fixed rates may be reset at the end of every 3 years on the basis of then prevailing interest rate. |
| Pre-payment charges: 0.5% on principal amount prepaid. |
| J&K Bank
|
Fixed |
15 |
11.5
|
11.5
View Details |
7,827
View Details |
0.25% of loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| J&K Bank
|
Floating |
15 |
11.0
|
11.0
View Details |
7,754
View Details |
0.25% of loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| Punjab & Sind Bank
|
Floating |
18 |
11.75
|
11.75
View Details |
7,863
View Details |
Rs 500 |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 1% on principal amount prepaid. |
| SBI
|
Floating |
15 |
11.25
|
11.25
View Details |
7,790
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% on principal amount prepaid |
| City Union Bank
|
Fixed |
12 - 15 |
13.5
|
13.5
View Details |
8,123
View Details |
1% of loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| State Bank of Hyderabad
|
Floating |
12 - 15 |
11.25
|
11.25
View Details |
7,790
View Details |
Nil |
|
| Minimum down payment required, 15%-30% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| State Bank of Bikaner& Jaipur
|
Floating |
12 - 15 |
10.0
* |
10.42
View Details |
7,609
View Details |
0.60% of loan amount |
|
| *SBBJ offers 10% fixed for 1st yr thereafter prevailing floating rate will be applicable. |
| Pre-payment charges: DNA |
| State Bank of Travancore
|
Fixed |
12 |
11.0
|
11.0
View Details |
7,754
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: DNA |
| State Bank of Indore
|
Floating |
15 |
11.25
|
11.25
View Details |
7,790
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: DNA |
| Karur Vysya Bank
|
Fixed |
12 - 15 |
11.5
|
11.5
View Details |
7,827
View Details |
0.3% of loan amount |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| United Bank of India
|
Fixed |
12 - 15 |
11.5
|
11.5
View Details |
7,827
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Tamilnad Mercantile Bank Ltd
|
Floating |
12 - 15 |
12.25
|
12.25
View Details |
7,937
View Details |
0.5% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 0.25% on principal amount prepaid. |
| Lakshmi Vilas Bank
|
Floating |
10 |
14.0
|
14.0
View Details |
8,198
View Details |
1% of loan amount |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| Apna Sahakari Bank Ltd
|
Fixed |
12 - 15 |
14.0
|
14.0
View Details |
8,198
View Details |
0.50% of the loan amount |
|
| Minimum down payment required, 25% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: NA |
| Abhyuday Co-op Bank Ltd
|
Fixed |
10 |
12.0
|
12.0
View Details |
7,900
View Details |
1.2% of the loan amount |
|
| Minimum down payment required, 25% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| The Ratnakar Bank
|
Fixed |
12 - 15 |
12.5
|
12.5
View Details |
7,974
View Details |
Rs. 500 per lac |
|
| Minimum down payment required, 25% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 2% if loan is repaid with 2 years maturity left, 1% if loan is repaid with less than 2 years maturity left
|
| Reliance Consumer Finance
|
Fixed |
12 - 15 |
9.5
|
9.5
View Details |
7,537
View Details |
DNA |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Permitted only after 30 months - 1% of principal amount prepaid. |
| Dhanalakshmi Bank Ltd
|
Floating |
15 |
13.5
|
13.5
View Details |
8,123
View Details |
0.5% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
