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Banks/Rates
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HDFC Bank
|
Magma Fincorp
|
Axis Bank
|
State Bank of India (SBI)
|
New Car Loan (Reducing)
|
10.75% - 12.50%
|
10.75% - 12.00%
|
11.50% - 14.50%
|
10.45% p.a. ( for MEN)
10.40% p.a. ( for WOMEN)
|
|
Used Car Loan (Reducing)
|
13.5% - 14.25%
|
NA
|
16.50% - 18%
|
17.25% (up to 3 years)
17.50% (above 3 years)
|
|
Processing Fee
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Rs 2625/- to Rs. 4950/-
|
-
|
Rs.3000/- to Rs.3500/-
|
0.51% of loan amount, minimum Rs. 1020/- and maximum Rs. 10200/-
|