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Bank name
Interest Type EMI for various term based on initial interest rates Action
1 Yrs
2 Yrs
3 Yrs
4 Yrs
5 Yrs
6 Yrs
7 Yrs
  53 Sample Results based on default inputs.
ICICI Bank Floating 26,201 - 26,690 13,671 - 14,157 9,505 - 10,000 7,430 - 7,974 6,191 - 6,749 NA NA
HDFC Bank Fixed 26,445 13,913 9,751 7,681 6,448 NA NA
SBI Floating 26,549 14,017 9,857 7,790 6,560 5,787 5,216
Axis Bank Fixed 26,375 - 26,445 13,843 - 13,913 9,680 - 9,751 7,609 - 7,681 6,374 - 6,448 5,558 - 5,634 4,980 - 5,058
ABN Amro Fixed 27,077 14,546 10,400 8,349 7,137 NA NA
Kotak Bank Floating 26,445 - 26,514 13,913 - 13,982 9,751 - 9,822 7,681 - 7,754 6,448 - 6,523 NA NA
Bank of Baroda Floating 26,340 13,809 9,645 7,645 6,411 5,596 5,019
Tata Capital - Car Loans (New) Fixed 26,375 13,843 9,680 7,609 6,374 NA NA
Allahabad Bank Floating 26,445 13,913 9,751 7,681 6,448 5,634 5,058
Union Bank of India Fixed 26,514 13,982 9,822 7,790 6,560 NA NA
Andhra Bank Floating 26,549 14,017 9,857 7,827 6,598 NA NA
Canara Bank Fixed 26,166 13,637 9,470 7,394 6,155 5,334 NA
Reliance Consumer Finance Fixed 26,235 13,705 9,540 7,537 6,337 5,520 4,942
Bank of Maharashtra Floating 26,480 13,948 9,786 7,790 6,560 5,749 5,176
Bank of Maharashtra Floating 26,305 13,774 9,610 7,537 6,301 5,482 4,903
Central Bank of India Floating 26,375 13,843 9,680 7,754 6,523 5,710 5,137
Punjab National Bank Fixed 26,445 - 26,514 13,913 - 13,982 9,751 - 9,822 7,681 - 7,754 6,448 - 6,523 5,634 - 5,710 5,058 - 5,137
Dena Bank Floating 26,480 13,948 9,786 7,754 6,523 5,710 NA
Oriental Bank of Commerce Floating 26,410 13,878 9,715 7,717 6,485 5,672 5,097
Federal Bank Fixed 26,445 13,913 9,751 7,754 6,523 NA NA
Catholic Syrian Bank Fixed 26,585 14,052 9,893 7,827 6,598 NA NA
UCO Bank Floating 26,585 14,052 9,893 7,827 6,598 NA NA
Vijaya Bank Floating 26,549 14,017 9,857 7,790 6,560 5,749 NA
State Bank of Mysore Floating 26,445 13,913 9,751 7,717 6,485 5,710 5,137
Indian Bank Fixed 26,514 13,982 9,822 7,790 6,560 NA NA
Bank of India Floating 26,340 13,809 9,645 7,645 6,411 5,596 NA
Karnataka Bank Fixed 26,445 13,913 9,751 7,754 6,523 NA NA
Indian Overseas Bank Fixed 26,585 14,052 9,893 7,827 6,598 NA NA
State Bank of Patiala Floating 26,514 13,982 9,822 7,790 6,560 5,787 5,216
Corporation Bank Fixed 26,445 13,913 9,751 7,754 6,523 5,749 5,176
Syndicate Bank Floating 26,235 13,705 9,540 7,466 6,228 5,408 NA
Syndicate Bank Floating 26,655 14,122 9,964 7,900 6,673 5,865 NA
J&K Bank Fixed 26,514 13,982 9,822 7,827 6,598 5,865 5,296
J&K Bank Floating 26,514 13,982 9,822 7,754 6,523 5,787 5,216
City Union Bank Fixed 26,866 14,333 10,181 8,123 6,903 NA NA
Punjab & Sind Bank Floating 26,620 14,087 9,929 7,863 6,635 NA NA
State Bank of Bikaner& Jaipur Floating 26,375 13,843 9,680 7,609 6,374 5,558 4,980
State Bank of Hyderabad Floating 26,549 14,017 9,857 7,790 6,560 5,787 5,216
State Bank of Indore Floating 26,549 14,017 9,857 7,790 6,560 5,787 5,216
State Bank of Travancore Fixed 26,514 13,982 9,822 7,754 6,523 5,749 5,176
United Bank of India Fixed 26,514 13,982 9,822 7,827 6,598 5,787 NA
Karur Vysya Bank Fixed 26,585 14,052 9,893 7,827 6,598 NA NA
Lakshmi Vilas Bank Floating 26,936 14,404 10,253 8,198 6,980 NA NA
Tamilnad Mercantile Bank Ltd Floating 26,620 14,087 9,929 7,937 6,711 NA NA
Abhyuday Co-op Bank Ltd Fixed 26,514 13,982 9,822 7,900 6,673 NA NA
Apna Sahakari Bank Ltd Fixed 26,936 14,404 10,253 8,198 6,980 NA NA
Dhanalakshmi Bank Ltd Floating 26,866 14,333 10,181 8,123 6,903 6,102 5,539
The Ratnakar Bank Fixed 26,725 14,192 10,036 7,974 6,749 NA NA
South Indian Bank Fixed 26,971 14,439 10,290 8,236 7,019 NA NA
Saraswat Bank Fixed 26,375 13,843 9,680 7,681 6,448 5,710 5,137
IDBI Bank Floating 26,166 13,637 9,470 7,394 6,155 NA NA
Sundaram Finance Car Loan (New) Fixed 26,514 13,982 9,822 7,754 6,523 NA NA
Magma Fincorp Fixed 26,655 14,122 9,964 7,900 6,673 NA NA
Updated as on 22 February, 2010.
The car loan EMI given above are indicative in nature. It is based on market research conducted by the ApnaPaisa Research Bureau every week. The actual EMI at which an individual will be able to get a car loan depend on the individual's financial profile and negotiating ability.
NA =Not Applicable
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