Car Loan Rates
Car Loan Interest Rates as on May 14,2008
Banks New Car
Tenure Margin Processing Fee Interest Rate
ABN AmroAbove 3 years10%-30%Rs 500- Rs 1000 15
Allaha
bad Bank
Above 3 years15%For Salaried Persons: Nil, For Others: 1% of loan amount, minimum Rs 2,000/-11.5 - 12
Andhra BankAbove 3 years10%Rs 250- Rs 100013.25
Axis BankAbove 3 years15%NA12
Bank of BarodaAbove 3 years15%0.50%11
Bank of IndiaAbove 3 years30%1.10% of the loan amount Min. Rs.750/-, Max. Rs.2500/- 11.25 - 12.25
Bank of Mahara
shtra
Above 3 years10%Rs 2000/-11.75
Canara BankAbove 3 years10%0.1% on the loan amount with a minimum of Rs.250/- and maximum of Rs.500/-11.5
Cathol
ic Syrian Bank
Above 3 years20%0.25% of loan amount, minimum Rs 25013
Centra
l Bank of India
Above 3 years15%1%11.5
Centur
ion Bank of Punjab
Above 3 yearsNARs 100013
Dena BankAbove 3 years20%Rs 50012
Federa
l Bank
Above 3 years10%NA11.5
HDFC BankAbove 3 years0%NA14
ICICI BankAbove 3 years5%NA14.25
Indian BankAbove 3 years10%NA11.75
Indian Overse
as Bank
Above 3 years10%upto Rs. 2 lakh- Rs. 134/-, above Rs. 2 lakh- Rs. 134/- per Rs. 1 lakh 11.5
Karnat
aka Bank
Above 3 years15%0.25%13
Orient
al Bank of Commer
ce
Above 3 years15%0.50%12
Punjab Nation
al Bank
Above 3 years20%0.50%11.25 - 11.75
SBI BankAbove 3 years15%0.50% of Loan amount and to be paid upfront Minimum: Rs. 500/- Maximum Rs. 10000, 25% of Processing fee will be ratained if application is rejected after pre-sanction survey11.75 - 12
State Bank of MysoreAbove 3 years15%-30%NA11.75
UCO BankAbove 3 years25% or Rs 7.5 lakh whichever is lower1%13.25
Union Bank of IndiaAbove 3 years20%Rs 500 - Rs 100011 - 12
Vijaya BankAbove 3 years20%NA11


Banks Used Car
Tenure Margin Processing Fee Interest Rate
ABN AmroAbove 3 years20%Rs 500- Rs 100017.5 - 18.5
Allaha
bad Bank
Above 3 years25% of the "Agreed Purchase Price" or 40% of the Valuation of the Vehicle, whichever is lowerFor Salaried Persons: Nil, For Others: 1% of loan amount, minimum Rs 2,000/-NA
Andhra BankAbove 3 years40% of garage value or Rs. 5 lakh, whichever is lowerRs 250- Rs 100013.25
Axis BankAbove 3 years35%NANA
Bank of BarodaAbove 3 years40%0.5NA
Bank of IndiaAbove 3 years30%1.10% of the loan amount Min. Rs.750/-, Max. Rs.2500/- 11.75 - 12.75
Bank of Mahara
shtra
Above 3 years40%Rs 2000/-13.25
Canara BankAbove 3 years25% of the value of the car or Rs. 6 lakh whichever is lower0.1% on the loan amount with a minimum of Rs.250/- and maximum of Rs.500/-NA
Centra
l Bank of India
Above 3 years40%1% of the loan amount subject to minimum of Rs.250/-13
Dena BankAbove 3 years20%Rs 50013
Federa
l Bank
Above 3 yearsNANA14.25
HDFC BankAbove 3 years20%NANA
ICICI BankAbove 3 years10%NANA
Karnat
aka Bank
Above 3 yearsNANA16
Orient
al Bank of Commer
ce
Above 3 years20%-30%0.50% of loan amount with minimum of Rs. 500/-14.25
SBI BankAbove 3 years15%0.50% of Loan amount and to be paid upfront Minimum: Rs. 500/- Maximum Rs. 10000, 25% of Processing fee will be ratained if application is rejected after pre-sanction survey15.5
State Bank of MysoreAbove 3 yearsNANA13.25
Union Bank of IndiaAbove 3 years50%Rs 500- Rs 100011
Smart Apply
 
Indian NRI
  
 STD    Phone No      Ext

  
Date of Birth
 I have read the Privacy Policy and agree to the terms therein.
Apply Now