Used Car Loan Interest Rate

Bank	Car Loan Interest Rates*	Lowest EMI per lakh for Max Tenure, Maximum Loan Amount
Andhra Bank	9.20% Fixed	Rs. 2,086 for 5 years, 60.00% of market value	APPLY NOW
Bank of India	9.35% Floating	Rs. 3,196 for 3 years, 70.00% of market value	APPLY NOW
Bank of Maharashtra	9.70% Floating	Rs. 2,110 for 5 years, 50.00% of market value	APPLY NOW
Central Bank of India	10.00% Floating	Rs. 2,125 for 5 years, 75.00% of market value	APPLY NOW
Federal Bank	11.15% – 12.50% Fixed	Rs. 2,182 for 5 years, 75.00% of depreciated value	APPLY NOW
HDFC Bank	13.00% – 14.25% Fixed	Rs. 2,275 for 5 years, 80.00% of market value	APPLY NOW
ICICI Bank	15.50% Fixed	Rs. 2,405 for 5 years, 80.00% of market value	APPLY NOW
Indian Bank	12.90% Floating	Rs. 2,270 for 5 years, 60.00% of market value	APPLY NOW
Kotak Bank	17.00% – 20.00% Fixed	Rs. 2,485 for 5 years, 90.00% of market value	APPLY NOW
OBC	12.40% Floating	Rs. 3,341 for 3 years, 70.00% of market value	APPLY NOW
PNB	11.20% – 11.70% Floating	Rs. 2,184 for 5 years, 70.00% of market value	APPLY NOW
SBI	13.05% Floating	Rs. 1,822 for 7 years, 85.00% of on-road price	APPLY NOW
Tamilnad Mercantile Bank	11.75% – 12.00% Floating	Rs. 2,212 for 5 years, 70.00% of market value	APPLY NOW
Union Bank of India	12.00% Floating	Rs. 2,224 for 5 years, 50.00% of market value