Car Loan Interest Rates in 2016

SBI - 9.7% for 3 year - 7 year on New Cars across all make and models. 

For Other Banks (Tentative Rates) ** 

A Segment - Maruti Alto, A Star, Wagon R, Zen Estlio, Ritz, Hyundai Eon, Hyundai I10, Hyundai Santro, Tata Vista, Nissan Micra, Renault Pulse, Chevrolet Uva, Beat, Spark, Fiat Punto

B Segment - Maruti Swift, Swift Dzire, Ertiga, Ford Figo, Skoda Fabia, Toyota Liva, Toyota Etios, Tata Manza, Hyundai Accent, Ford Fiesta Classic, Mahindra Verito

C Segment - Fiat Linea, Skoda Rapid, Honda City, Hyundai Fluidic Verna, Maruti Sx4, Toyota Innova, Nissan Sunny, Chevrolet Optra, Ford New Fiesta, Volkswagen Vento

D Segment - Altis, Jetta, Laura, Civic, Fluence, Cruze, XUV500, Cedia

D+ Segment - Honda Accord, Crv, Toyota Fortuner, Hyundai Fluidic Sonata, Nissan X Trail, Skoda Yeti, Mitsubishi Outlander, Skoda Superb, Toyota Camry, Chevy Captiva, Nissan Teana,

Luxury and High End Cars - Audi, BMW, Mercedes Benz, Porsche, Volvo, Jaguar, Landrover,

NEW CAR LOAN INTEREST RATES (36-60 months)** - Private Banks
A Segment - 11%
B Segment - 10.5%
C Segment - 10% - 10.25%
D Segment +-9.75% - 10% 

Car Loan Amount upto Rs. 2.5 Lac - Rs. 2625 as Processing Fees
Car Loan Amount between Rs. 2.5 Lac - 4 Lac - Rs. 3650 as Processing Fees
Car Loan Amount between Rs. 4 Lac - 5 Lac - Rs. 4100 as Processing Fees
Car Loan Amount between Rs. 5 Lac - 10 Lac - Rs. 4500 as Processing Fees
Car Loan Amount above Rs. 10 Lac - Rs. 5000 as Processing Fees
For more details - you can get on - Best Finance Scheme
** - DISCLAIMER - Tentative Rates, does not express rates of any specific banks. RAAC Rates as operated by some banks taken from open market source. Segment only for classification of Bank Interest Rates Understanding and does not signify any classification of cars in these segments.

Note - Above rates hold true for Metro Cities - Delhi, Mumbai, Chandigarh, Hyderabad, Kolkatta, Bangalore and other Prominent Locations.
For Semi Urban areas - Interest rates could be .25% higher on above rates


Latest Topics

HDFC Bank Car loan application status
how to get Online status of HDFC Bank Car Loan. I need to know - is my loan appl...
4069 Hits
1 Votes
Posted on Sunday, May 18 2014, 04:59 AM
Is Car Loan Interest computed on Simple or Compoun
How is car loan interest rate calculated. Is it done basis simple interest rate ...
5999 Hits
2 Votes
Posted on Monday, May 05 2014, 04:13 AM
Car Loan on CSD Canteen Cars. Process & Rates
Looking to buy car through CSD Canteen. What is the loan finance process of CSD ...
8102 Hits
-10 Votes
Posted on Thursday, May 01 2014, 08:34 AM
SBI Car Loan Disbursement time and process
Can State Bank of India, can process and do car loan disbursement within a week ...
5733 Hits
0 Votes
Posted on Monday, April 28 2014, 05:33 AM
Datsun Go Car Loan rates from icici, hdfc, sbi ban
Hello, Need to know Interest rates on new Datsun Go as offered by ICICI Bank, HD...
4112 Hits
0 Votes
Posted on Monday, April 28 2014, 05:31 AM
What are Hyundai Grand i10 Finance Interest Rates
I am keen to buy Hyundai Grand i10 on loan. What is the finance interest rate of...
4651 Hits
-2 Votes
Posted on Wednesday, April 16 2014, 01:59 AM