Banks/Rates | HDFC Bank | Magma Fincorp | Axis Bank | State Bank of India (SBI) | TVS Credit Finance |
New Car Loan (Reducing) | 8.50% - 11.25% | 12.00% - 16.00% | 8.50% - 11.25% | 7.95% - 8.70% | - |
Used Car Loan (Reducing) | NA | NA | 14.50% - 16.25% | 9.75% - 11.75% | 14.00% - 18.00% |
Processing Fee | Rs.2825/- to Rs.5150/- | Rs.3500 to Rs.4625, Zero processing fees on select schemes | Rs.3500/- to Rs.5500/- | N.A | N.A |