Bank Name
 |
Type
|
Loan Eligibility
(Rs. in Lacs)
|
Interest Rate
(%) |
EMI
(Rs.)
|
Processing
Fee |
Action |
Initial
|
Average
|
| Full Results |
| ICICI Bank
|
Floating |
12 - 15 |
9.5-13.0
|
9.5-13
View Details |
2,512
- 2,683
View Details |
Rs 2500 to Rs 5000 |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registrationax and insuranc te premium). |
| Pre-payment charges: 5% on principal amount prepaid. |
| HDFC Bank
|
Fixed |
12 - 15 |
14.0-15.0
|
14-15
View Details |
2,733
- 2,783
View Details |
2% of loan amount. |
|
| There is no maximum limit on the loan provided by HDFC bank. |
| Pre-payment charges: 3% on principle amount prepaid. |
| SBI
|
Floating |
15 |
11.25
|
11.25
View Details |
2,597
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium).For NRI's only. |
| Pre-payment charges: 2% on principal amount prepaid |
| Axis Bank
|
Fixed |
12 - 15 |
9.25-15.0
|
9.25-15
View Details |
2,500
- 2,783
View Details |
Rs. 3000 - Rs. 4000 |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 5%-10% on the principal amount prepaid |
| Royal Bank of Scotland
|
Fixed |
12 - 15 |
15.0
|
15.0
View Details |
2,783
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 |
| Kotak Bank
|
Floating |
12 - 15 |
9.0-10.0
|
9-10
View Details |
2,489
- 2,536
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% of principal outstanding |
| Bank of Baroda
|
Floating |
12 |
10.5
|
10.5
View Details |
2,560
View Details |
0.75% of the 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 (Used)
|
Fixed |
12 - 15 |
16.0
|
16.0
View Details |
2,834
View Details |
0.5% of loan amount. |
|
| *Tata Capital finances upto 90% of the value of the used car. |
| Pre-payment charges: 5% of principal amount prepaid. |
| Allahabad Bank
|
Floating |
5 |
10.5
|
10.5
View Details |
2,560
View Details |
Rs. 1000 |
|
| Minimum down payment required, 15%-40% of the assessed value of the car. |
| Pre-payment charges: 2% of outstanding loan amount |
| Union Bank of India
|
Fixed |
24 |
11.5
|
11.5
View Details |
2,609
View Details |
Rs. 500/- to Rs. 1000/- |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Andhra Bank
|
Floating |
10 |
11.5
|
11.5
View Details |
2,609
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. |
| Canara Bank
|
Fixed |
12 - 15 |
11.0
|
11.0
View Details |
2,585
View Details |
0.1% of loan amount |
|
| *Canara Bank provides loan upto 90% of the car value |
| Pre-payment charges: DNA |
| Reliance Consumer Finance
|
Fixed |
12 - 15 |
9.5
|
9.5
View Details |
2,512
View Details |
1.5% of the loan amt. |
|
| 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. |
| Bank of Maharashtra
|
Floating |
9 |
11.0
|
11.0
View Details |
2,585
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 |
2,585
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 |
| Punjab National Bank
|
Fixed |
12.5 |
10.5-11.0
|
10.5-11
View Details |
2,560
- 2,585
View Details |
1% of the loan amount. |
|
| Minimum down payment required, 20% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: DNA |
| Dena Bank
|
Floating |
12 - 15 |
11.0
|
11.0
View Details |
2,585
View Details |
Rs. 1000 - Rs. 2500 |
|
| 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 |
2,572
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 |
| Federal Bank
|
Fixed |
12 - 15 |
13.0
|
13.0
View Details |
2,683
View Details |
0.50% of loan amount |
|
| Minimum down payment required, 25% of the assessed value of the car. |
| Pre-payment charges: 2% on principal amount prepaid. |
| Catholic Syrian Bank
|
Floating |
12 - 15 |
9.0
|
9.0
View Details |
2,489
View Details |
1% of loan amount |
|
| Minimum down payment required, 50% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 1% on the principal amount prepaid. |
| UCO Bank
|
Floating |
12 - 15 |
11.5
|
11.5
View Details |
2,609
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
|
| Vijaya Bank
|
Floating |
12 - 15 |
11.25
|
11.25
View Details |
2,597
View Details |
0.1% of the loan amount. |
|
| Minimum down payment required, 20% of the cost of the vehicle. |
| Pre-payment charges: DNA |
| State Bank of Mysore
|
Floating |
15 |
11.25
|
11.25
View Details |
2,597
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 |
| Indian Bank
|
Fixed |
12 - 15 |
10.25
|
10.25
View Details |
2,548
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 India
|
Floating |
12 |
11.5
|
11.5
View Details |
2,609
View Details |
Rs.1000/- to Rs.5000/- |
|
| Minimum down payment required, 15% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: Nil |
| Karnataka Bank
|
Floating |
12 - 15 |
11.0
|
11.0
View Details |
2,585
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: 1% of the amount prepaid. |
| Indian Overseas Bank
|
Fixed |
12 - 15 |
11.5
|
11.5
View Details |
2,609
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. |
| State Bank of Patiala
|
Floating |
15 |
11.25
|
11.25
View Details |
2,597
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 |
| Corporation Bank
|
Floating |
12 - 15 |
11.0
|
11.0
View Details |
2,585
View Details |
1% of loan amount |
|
| Minimum down payment required, 25% of the assessed value of the car. |
| Pre-payment charges: NA |
| Syndicate Bank
|
Floating |
10 |
12.0
|
12.0
View Details |
2,633
View Details |
NA |
|
| Minimum down payment required, 5% 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 |
2,585
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 |
| City Union Bank
|
Fixed |
12 - 15 |
13.5
|
13.5
View Details |
2,708
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 |
| Punjab & Sind Bank
|
Floating |
18 |
10.5
|
10.5
View Details |
2,560
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. |
| State Bank of Bikaner& Jaipur
|
Floating |
12 - 15 |
14.25
|
14.25
View Details |
2,745
View Details |
0.60% of loan amount |
|
| Minimum downpayment required, 15-30% of the assessed value of the car. |
| Pre-payment charges: DNA |
| State Bank of Hyderabad
|
Floating |
12 - 15 |
14.25
|
14.25
View Details |
2,745
View Details |
Nil |
|
| Minimum down payment required, 15% of the assessed value of the car. |
| Pre-payment charges: Nil |
| State Bank of Indore
|
Floating |
15 |
15.0
|
15.0
View Details |
2,783
View Details |
0.50% of loan amount |
|
| Minimum downpayment required, 15% of the assessed value of the car. |
| Pre-payment charges: DNA |
| State Bank of Travancore
|
Fixed |
12 |
11.0
|
11.0
View Details |
2,585
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 |
| United Bank of India
|
Fixed |
12 - 15 |
11.0
|
11.0
View Details |
2,585
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 |
| Karur Vysya Bank
|
Fixed |
12 - 15 |
10.5
|
10.5
View Details |
2,560
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 |
| Lakshmi Vilas Bank
|
Floating |
10 |
14.0
|
14.0
View Details |
2,733
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 |
| Tamilnad Mercantile Bank Ltd
|
Floating |
12 - 15 |
12.25
|
12.25
View Details |
2,646
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: 0.25% on principal amount prepaid. |
| Abhyuday Co-op Bank Ltd
|
Fixed |
3 |
12.0
|
12.0
View Details |
2,633
View Details |
1.2% of the loan amount |
|
| Minimum down payment required, 50% of the assessed value of the car. |
| Pre-payment charges: Nil |
| Apna Sahakari Bank Ltd
|
Fixed |
12 - 15 |
14.0
|
14.0
View Details |
2,733
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 |
| Dhanalakshmi Bank Ltd
|
Floating |
15 |
13.5
|
13.5
View Details |
2,708
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 |
| The Ratnakar Bank
|
Fixed |
12 - 15 |
11.25
|
11.25
View Details |
2,597
View Details |
0.50% of the sanctioned amount |
|
| Minimum down payment required, 50% of the assessed value of the car. |
| 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 |
| South Indian Bank
|
Fixed |
12 - 15 |
14.75
|
14.75
View Details |
2,770
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 |
3 |
10.5
|
10.5
View Details |
2,560
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. |
| Sundaram Finance Car Loan (New)
|
Fixed |
12 - 15 |
11.0
|
11.0
View Details |
2,585
View Details |
0.5% of loan amount |
|
| Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 3% of principal amount prepaid. |
| Magma Fincorp
|
Fixed |
12 - 15 |
18.0
|
18.0
View Details |
2,937
View Details |
0.5% of the loan amount. |
|
| Minimum down payment required - upto 30% of the cost of the vehicle (excluding registration tax and insurance premium). |
| Pre-payment charges: 5% of principal amount prepaid. |
