Car Loan Interest Rates
Want to drive your dream car but don’t have the funds for it?
A car loan can help you in achieving this dream today. Apply for a car loan and with a few EMI’s, become the owner of your own set of wheels.
Why compare various car loan deals with LoanUncle.org?
LoanUncle.org is India’s largest loan comparison service. For trusted advice on loans and solutions on your financial needs, you can turn to us. With tie ups with leading banks and financial institutions providing car loans, LoanUncle is your ultimate destination for best deals. Our user friendly website enables you to compare the best offerings in the market and make the best possible choice.
|Banks||Interest Rates||Processing Fee|
|Axis Bank||11.5% – 12.5%||Rs.3500-Rs.5500|
|Bank of India||10.40%||Rs.500 per application|
|Canara Bank||10.25%-10.30%||0.25% on the loan amount Rs.1000(minimum)
|HDFC Ltd||10.00% – 12.50%||· Up to 2.5 Lakhs – Rs. 3220
· Above 2.5 Lakhs Rs. 4390-5870
|ICICI Bank||10.75% – 12.75%||Rs.2500-Rs.5000|
|Indian Bank||9.65%||0.225% of loan amount
|Magma FinCorp.||11.25%-12.00%||· Up to 2.50 lakhs Rs. 3500
· From 2.51 lakh to 5 lakhs Rs.4050
· Over 5 lakhs Rs. 4625
|Punjab National Bank||9.75% – 11.10%||0.5%|
|State Bank of India (SBI) Car Loan||9.80% – 17.15 %||0.5%|
|United Bank Home Loan||12.05-12.55%||0.5%
Minimum – Rs.500
Market share of major banks in Car/Auto Loan category:
In India, we have 35 corporations for financing Car/Auto loans.
Let us take a look which banks are the favorites of Indian borrowers when it comes to Car Loans:
|BANKS||Market Share in Car Loans|
|Kotak Mahindra Bank||16%|
Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates. Banks/ Financial Institutions can contact us at email@example.com for inclusions or updates.