Auto Loan Interest Rate

The person who is seeking a loan needs to have the right, complete information and should possess negotiating skills to get the best deal on a new car. People have so many options to get car loans and due to the stiff competition it makes easier for them to get the best deal. 


New Car Loan (Reducing) Used Car Loan (Reducing) Processing Fee Apply
HDFC Bank 11.50% - 12.25%
(From 49 - 60 months),
11.50% - 12.25%
(From 36 - 48 months),
11.25% - 12.00%
(Upto 36 months)

Corporate Rates
10.50% to 12.50%
(From 36 - 60 months)
15.25% - 17.75% 
(60 months),
15.25% - 17.75%
(48 months),
15.25% - 17.75%
(36 months),
15.75% - 18.25%
(24 months),
15.75% - 18.25%
(Upto 12 months)
Corporate Rates
13.50% - 14.25%
Rs 2325/- to Rs. 4275/- 


For Corporates 
Rs.1500
State Bank of India (SBI) 11.25% 17.25% ( Upto 36 Months)
17.50% ( Above 36 months)
0.5% of loan Amount
Bank Of Baroda 13.25% N.A. 0.75% (Upto 15Lacs), Max Rs.10000
0.5% (Above 15 Lacs), Min Rs.10000, No Maximum Limit
Canara Bank 12.50% (Fixed) N.A. 0.1% of loan Amount (Minimum Rs. 250 ,Maximum Rs.500)
Corporation Bank 12% - 12.50% 

11.35% - 11.70% 
(for SRTOs
Covered under CGTMSE)
N.A. 0.5% of loan Amount
Kotak Mahindra 11.50% - 13.50% 17% - 20% Rs.3300/- to Rs.4750/-
Axis Bank 11.50% - 14.50% 16.50% - 18% Rs.3000/- to Rs.3500/-
ICICI Bank 11.50% - 14.75% 
(From 36 - 60 months),
13.75% - 16% 
(From 24 - 35 months),
15.75% - 17% 
(Upto 23 months)

16.50% - 18.50% Rs.2500/- to Rs.5000/-
Bank Of India 12.50% - 13.50% 13.50% - 14% a) Loans upto Rs.25,000/- - one time Rs.1,000/-
b) Loans above Rs.25,000/- upto Rs.25 lacs - one time 1.10% of loan amount - Min.Rs.1,500/- & Max. Rs.5,000/- 
c) Loans above Rs.25 lacs - one time 0.25% of the loan amount Max.15,000/-
Federal Bank 11.70% to 12.20%
(upto & including 36 months) 
12.20% to 12.70% 
( Above 36 months to 60 months)
15.70% - 16.20% Rs1685/- to Rs 2808/-

Where

CAT A refers to - Top 1000 companies
CAT B refers to - Multi National Companies( MNC's )
CAT C refers to - Small companies
Non Listed refers to - Smaller companies with 100 emloyees.
Loan Surrogates refers to - Any running loan from any bank

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