Smart Auto Loan Calculator for India

Compare car loan EMIs across major Indian banks. Make informed decisions with our detailed breakdown of monthly payments, interest costs, and bank-specific charges.

Car Loan EMI Calculator

Your Loan Summary

Monthly EMI ₹0
Total Interest Payable ₹0
Total Payment (Principal + Interest) ₹0
Processing Fee ₹0
Effective Loan Cost ₹0
Note: These calculations are estimates. Actual loan terms may vary based on your credit profile, income, and bank policies. Processing fees are typically deducted upfront or added to the loan amount.

Current Auto Loan Rates Comparison (2024)

Bank / Lender Interest Rate Range Processing Charges Maximum Tenure Loan-to-Value Ratio
State Bank of India 8.60% - 10.40% 0.30% + GST 7 years Up to 90%
HDFC Bank Ltd. 8.80% - 10.70% 0.40% - 1.0% 7 years Up to 95%
ICICI Bank Ltd. 9.00% - 11.00% 0.50% - 1.2% 7 years Up to 90%
Axis Bank Ltd. 9.20% - 11.20% 0.50% - 1.5% 7 years Up to 90%
Punjab National Bank 8.80% - 10.60% 0.35% + GST 7 years Up to 85%
Kotak Mahindra Bank 9.40% - 11.60% 0.50% - 1.25% 7 years Up to 90%

Quick Approval Tips

Maintain a credit score above 750, have stable income proof, and keep all documents ready for fastest approval.

Lower Interest Rates

Government employees, women borrowers, and existing bank customers often get 0.25-0.5% lower interest rates.

Tax Benefits

Under Section 80EEB, you can claim tax deductions on interest paid for electric vehicle loans up to ₹1.5 lakh.

🏦 State Bank of India Auto Loan

SBI Loan Breakdown

Monthly EMI ₹0
Total Interest ₹0
Processing Charges (0.30%) ₹0
Total Repayment ₹0
SBI Special: Women borrowers get 0.25% lower interest rate. No prepayment penalty after 1 year for floating rate loans.

SBI Auto Loan Highlights

Flexible Repayment

Choose from 1 to 7 years tenure with step-up/step-down EMI options available for salaried individuals.

Low Processing Fee

One of the lowest in industry at 0.30% of loan amount plus applicable GST (minimum ₹1,000).

Quick Sanction

Fast-track approval available for pre-approved customers and YONO app users with minimal documentation.

💳 HDFC Bank Auto Loan

HDFC Loan Breakdown

Monthly EMI ₹0
Total Interest ₹0
Processing Fee (0.5%) ₹0
Insurance (1st Year) ₹0
HDFC Advantage: Existing customers get preferential rates. Insurance bundled with loan for comprehensive coverage.

HDFC Bank Features

High Loan Amount

Up to 100% funding available for select electric vehicles and hybrid cars with special green car rates.

Flexible Payment Options

Choose from regular EMIs, balloon payments, or step-up EMIs based on your cash flow requirements.

Doorstep Service

Complete documentation and vehicle registration assistance available at your location.