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India's transparent reference for personal and commercial mobility credit. Documenting 25 verified vehicle loans across Public Sector Banks, Major Private Banks, and Auto NBFCs. We highlight the critical fine-print: ex-showroom vs on-road funding ratios, electric vehicle (EV) green concessions, hypothecation endorsement fees, and pre-closure lock-in rules.
Public Sector Banks (SBI Green Car Loan, BoB Green, Canara) offer up to 20 bps interest concession, 100% processing fee waiver, and extended repayment tenures up to 8 years (96 months) for four-wheeler and two-wheeler electric vehicles.
Lender:Axis Bank Ltd.
Up to 90% On-Road vehicle finance at 8.90% – 10.25% with Up to 7 years tenure.
Lender:Bank of Baroda (BOB)
Up to 90% On-Road vehicle finance at 8.70% – 9.65% with Up to 7 years tenure.
Lender:Bank of India
Up to 85% On-Road vehicle finance at 8.75% – 9.75% with Up to 7 years tenure.
Lender:Bank of India
Up to 90% On-Road vehicle finance at 8.55% – 9.50% with Up to 8 years tenure.
Lender:Bank of Baroda (BOB)
Up to 90% On-Road vehicle finance at 8.50% – 9.45% with Up to 8 years tenure.
Lender:Canara Bank
Up to 90% On-Road vehicle finance at 8.70% – 9.70% with Up to 7 years tenure.
Lender:Canara Bank
Up to 90% On-Road vehicle finance at 8.50% – 9.50% with Up to 8 years tenure.
Lender:Central Bank of India
Up to 85% On-Road vehicle finance at 8.75% – 9.80% with Up to 7 years tenure.
Lender:Federal Bank
Up to 85% On-Road vehicle finance at 8.85% – 10.20% with Up to 7 years tenure.
Lender:HDFC Bank Ltd.
Up to 100% Ex-Showroom vehicle finance at 8.85% – 10.25% with Up to 7 years tenure.
Lender:HDFC Bank Ltd.
Up to 100% Funding vehicle finance at 11.00% – 16.00% with Up to 4 years tenure.
Lender:Hero FinCorp Ltd.
Up to 95% On-Road vehicle finance at 11.50% – 18.00% with Up to 4 years tenure.
Lender:ICICI Bank Ltd.
Up to 100% Ex-Showroom vehicle finance at 8.85% – 10.15% with Up to 7 years tenure.
Lender:Indian Bank
Up to 85% On-Road vehicle finance at 8.70% – 9.75% with Up to 7 years tenure.
Lender:Kotak Mahindra Bank
Up to 90% On-Road vehicle finance at 8.80% – 10.10% with Up to 7 years tenure.
Lender:Punjab National Bank (PNB)
Up to 90% On-Road vehicle finance at 8.55% – 9.60% with Up to 8 years tenure.
Lender:Punjab National Bank (PNB)
Up to 90% On-Road vehicle finance at 9.75% – 11.50% with Up to 4 years tenure.
Lender:Punjab National Bank (PNB)
Up to 85% On-Road vehicle finance at 8.75% – 9.75% with Up to 7 years tenure.
Lender:State Bank of India (SBI)
Auto finance up to 90% on-road price with 7-year tenure linked to EBLR.
Lender:State Bank of India (SBI)
EV loan with 20 bps interest discount, zero processing fee, and 8-year tenure.
Lender:State Bank of India (SBI)
Up to 85% On-Road vehicle finance at 10.25% – 12.00% with Up to 4 years tenure.
Lender:State Bank of India (SBI)
Financing for scooters and motorbikes up to 85% on-road price over 5 years.
Lender:TVS Credit Services Ltd.
Up to 95% On-Road vehicle finance at 11.50% – 18.00% with Up to 4 years tenure.
Lender:Union Bank of India
Up to 90% On-Road vehicle finance at 8.55% – 9.55% with Up to 8 years tenure.
Lender:Union Bank of India
Up to 85% On-Road vehicle finance at 8.75% – 9.80% with Up to 7 years tenure.
Dealership auto financing desks frequently market "zero down payment" schemes by rolling road tax, extended warranty, accessories, and expensive dealership insurance bundles into the total loan amount. Crucially, most private banks and captive financiers issue fixed-rate auto loans which carry 3%–6% foreclosure penalties and 6-month pre-closure lock-ins. PSU banks offer floating car loans without foreclosure charges. Always check if the funding is based on Ex-Showroom or On-Road cost before signing.