|Bank Name||Floating Interest Rate||Processing Fee|
|Kotak Mahindra Bank||11.50% to 13.50%||N/A|
|Bank of baroda||9.15 %||Nil|
|Federal Bank||9.20%||Rs 1500 to Rs 2500|
|IndusInd bank||10.65 %||1% of the loan amount|
|AXIS||12 %||Rs.3500 to Ra.5500|
|RBL BANK||12 to 14 %||1% of Loan amount.|
|ICICI||12.75 %||5% on the outstanding principle|
|TATA CAPITAL||12.5 %||1.50% of the loan amount or 6,000 per vehicle, whichever is higher|
|HDFC||8.25% - 14.26% (Avg 9.40%)||Rs. 10,000 or 0.4% of car loan sanctioned|
|IIFL||12%||Rs. 4,500 to Rs. 8,000 or 1% of loan amount|
Located on the banks of river Noyyal and surrounded by the Western Ghats, Coimbatore is the second largest city in Tamil Nadu. The city is a major hub for industry, textiles and manufacturing and is also famous as the gateway to several other tourist destinations in South India. One of the largest exporters of jewellery, auto components, wet grinders, Coimbatore is recognised as Geographical Indications by the Government of India. Due to the decline of the cotton industry in Mumbai, Coimbatore experienced a textile boom in the early 19th century.
Several temples in and around the city of Coimbatore, carries rich historical significance. The massive 112 feet tall statue of Lord Shiva, known as Adiyogi Shiva Statue is featured in the Guinness Book of World Records. It is an architectural marvel, garnering several tourists from across the world. Popular tourist destination of the town include Dhoni Hills, the Vellari Mala, the Perumal Peak, and the Thalaiyar Falls trek.”
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State Bank of India (SBI) is India’s multinational public sector banking and financial services company. SBI was established in 80 and is headquartered in Mumbai, Maharashtra. The bank is the largest bank in India with a % market share in assets. State Bank of India operates a network of , branches and 9, ATMs in India and internationally. SBI operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business channels. It extends a comprehensive range of banking products and services to individuals, commercial enterprises, corporates, and government bodies, and institutional customers in India and internationally. Its personal banking services include current accounts, savings accounts, term and recurring deposits; personal, home, auto, and education as well as loans against property and securities; and wealth management, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, and pension policy, as well as cards and inflation indexed national savings securities cumulative bonds. It also provides corporate banking services including corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer financing, channel financing, equipment leasing, loan syndication, financing Indian firms overseas subsidiaries or JVs, and construction equipment loans. In addition, the bank offers NRI services, such as accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; loans, supply chain finance, and deposits and transaction banking services for SME customers; and international banking services.Banking
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ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.Banking
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Syndicate Bank is one of the oldest and major commercial banks in India and was founded in 9. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The name of the bank was changed to Syndicate Bank in 9. It is headquartered in Manipal, Karnataka and was one of the major commercial banks to be nationalized on 9 July 99, by Government of India. Syndicate Bank operated a network of 0 branches, including ,9 rural, ,7 semi-urban, 8 urban, and 8 metro branches in India; and branch in London, as well as ,8 ATMs as of March 08. Syndicate Bank offers banking products and services to corporate, SMEs and retail customer in India. Its deposit products include savings accounts, current accounts, and term deposits. It also provides retail, agricultural and other priority sector loans. In addition, the bank provides corporate finance such as working capital finance; export credit, term loan finance; loan against receivables; and project finance that includes infrastructure projects. Further, it provides Aadhaar seeding, NEFT/RTGS, online tax payment, online shopping and utility bill payment, and e-filing of income tax returns. Other services include CMS, bancassurance, mutual fund services, and demat services. Syndicate Bank also provides international banking products such as non-resident (external) rupee, non-resident ordinary rupee, resident foreign currency, and foreign currency non-resident accounts, as well as manages exchange companies.Banking
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