Request received - loud & clear!
Returning you to where you were...
Car Loan links you may be interested in:
Name of the Lender | Interest Rate (p.a.) | Processing Fee |
---|---|---|
State Bank of India | 8.80% to 9.50% | NIL (until 31 October 2019) |
Bank of Baroda | Starting from 8.35% + Strategic Premium + 0.25% | Unified processing fee of Rs.500 + GST (until 31 December 2019) |
Union Bank of India | 8.60% to 8.70% | 0.50% of loan amount (max. Rs.15,000) + Service tax |
HDFC Bank | Starting from 8.90% (Please contact the bank for updated rates) | 0.40% of loan amount (min. Rs.3,000; max. Rs.10,000) |
Federal Bank | 9.25% | Loan up to Rs.5 lakh – Rs.1,500 Loan above Rs.5 lakh – Rs.2,500 |
Axis Bank | 9.05% to 11.30% | Rs.3,500 to Rs.5,500 |
Canara Bank | 8.75% to 11.30% | 0.25% of loan amount (min. Rs.1,000; max. Rs.5,000) |
IDBI Bank | 9.10% to 9.70% | Rs.1,000 + applicable taxes |
Punjab National Bank | 8.55% to 9.20% (RLLR/MCLR linked rates) | Loan up to Rs.6 lakh – Rs.1,000 Loan above Rs.6 lakh – Rs.1,500 |
Syndicate Bank | 8.85% to 9.10% | Rs.25,001 to Rs.2 lakh – Rs.1.25 per Rs.1,000 (min. Rs.125) Above Rs.2 lakh – Rs.200 per lakh |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
SBI New Car Loan Scheme | Age: 21-67 years Minimum annual income: Rs.3 lakh | Up to 7 years | Salaried: 48x the net monthly income Self-employed: 4x Gross Taxable Income/Net Profit Agriculturists: 3x Net Annual Income |
SBI Loyalty Car Loan Scheme | Meant for existing SBI Home Loan borrowers Age: 21-65 years Minimum annual income: Rs.2 lakh | Up to 7 years | Will depend on various factors |
SBI Assured Car Loan Scheme | Minimum age: 18 years; no maximum age Income declared by applicants will be accepted | 3-7 years | Min: Rs.2 lakh; No cap on maximum |
SBI Car Loan Lite Scheme | Self-employed individuals engaged in economic activity but have no income proof Age: 21-65 years Minimum annual income: Rs.2.5 lakh | Up to 5 years | Maximum loan of Rs.4 lakh |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
Car Loan | Age: 21-70 years Minimum credit score of 725 | Up to 7 years | Maximum loan of Rs.1 crore |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
Vehicle Loan | Resident Indians and Non-Resident Indians are eligible Age: 18-70 years | Up to 7 years | Maximum loan of Rs.1.25 crore |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
New Car Loan | Age: 21-65 years Minimum annual income: Rs.3 lakh | Up to 7 years | Maximum loan of Rs.3 crore |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
Personal Car Loan | Minimum take home criterion applicable based on employment type | Salaried: Up to 7 years Non-salaried: Up to 5 years | - |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
New Car Loan | Age: 18-75 years Minimum annual income: Rs.2.40 lakh | Up to 8 years | Minimum loan of Rs.1 lakh; Maximum loan up to 100% of road price |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
Canara Vehicle | Minimum annual income: Rs.3 lakh | Up to 7 years | No cap on maximum loan amount |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
Auto Loan | Age: 18-70 years Minimum annual income: Rs.2.40 lakh | Up to 7 years | Offers higher sanction for funding |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
PNB Car Loan | Minimum net monthly income: Rs.20,000 | Up to 7 years | Maximum loan of Rs.1 crore or 25x net monthly income |
Features:
Car Loan Scheme | Eligibility | Loan Tenure | Loan Amount |
---|---|---|---|
Synd Vahan | Minimum annual income: Rs.2 lakh | Up to 7 years | Up to 85% of on road price + additional Rs.10,000 for accessories |
The above list should have given you a fair idea about the benefits and features offered by various lenders on their car loans. You can now go ahead and make an informed decision on which lender you should pick to fund the purchase of your dream car.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.