Himalayan Bank Auto Loan interest rate 2083
Himalayan Bank's auto loan is priced at 5.53%–9.03% effective in Shrawan 2083: a 5.03% base rate plus a 0.5%–4% premium. That ranks 11th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,115, plus a 1% processing fee.
- Effective rate
- 5.53% – 9.03%
- Base rate
- 5.03%
- Premium
- 0.5% – 4%
- Processing fee
- 1%
- Maximum tenure
- 84 months
- Maximum loan-to-value
- 50%
- Rank by rate
- 11 / 18
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: himalayanbank.com/en/rates/loan-products-rates
Himalayan Bank Auto Loan: effective rate 5.53%, EMI from Rs. 19,115 per month. Compare with 17 other banks.
Rate breakdown
Base rate
5.03%
Premium
0.5%–4%
Effective rate
5.53%–9.03%
Fixed
6.75%
- Processing fee
- 1% (Min Rs. 2,000)
- Prepayment penalty
- 1.37%
- Fixed-rate terms
- Hire purchase (private), up to 7 years
- Loan amount
- Rs. 2 Lakh – Rs. 1.5 Cr
- Tenure
- 12 – 84 months
- Max financing
- 50%
- Age
- 21 – 65 years
Highlights
- Cars, bikes, scooters and EVs
- EV financing up to 80% LTV
- Insurance bundling
Who is eligible
Minimum 6 months in current job or 2 years in business. EVs allowed higher LTV per NRB.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Vehicle quotation from dealer
- Driving licence
Himalayan Bank Auto Loan FAQ
What is Himalayan Bank's current Auto Loan interest rate?+
Himalayan Bank's Auto Loan floating rate is base rate 5.03% plus a premium of 0.5% to 4%, giving 5.53% to 9.03% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Auto Loan from Himalayan Bank?+
At 5.53% over 60 months, the EMI is roughly Rs. 19,115. Use the calculator above to change the amount or tenure.
Can I prepay a Himalayan Bank Auto Loan?+
Yes. The published prepayment charge is 1.37% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
