Cardekho loan
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Used Car Loan
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Used Car Loan Interest Rate Comparison
| Lending Partner | Avg. Interest Rate | Processing Fees |
|---|---|---|
| HDFC Bank | 13.75% to 16% | 1.5% of loan amount + GST Min: ₹2,500 + GST and Max: ₹5,000 + GST |
| Axis Bank | 14.5% to 17% | ₹6,000 or 1% of loan amount, which is lower + GST |
| ICICI Bank | 14.25% to 18% | 2% of loan amount or ₹15,000, whichever is lower + GST |
| IDFC First Bank | Starts from 15% | ₹7,500 + GST |
| Kotak Mahindra | Starts from 16% | ₹5,500 or 1% of loan amount, whichever is lower + GST |
| Tata Capital | 15.50% to 17% | 1.5% of loan amount or ₹6,000 whichever is higher + GST |
| Bajaj Finserv | 14.25% to 18% | Up to 4% of loan amount |
| Hero Fincorp | 16% to 19% | ₹3,500 + GST for up to 3 lakhs ₹5,000 + GST for 3 to 5 lakhs 1.25% + GST for 5 to 10 lakhs 1% + GST for above 10 lakhs |
| Mahindra Finance | 18% to 23% | 1% of loan amount |
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