Car loans: Check out what SBI, ICICI, HDFC, AXIS have on offer

What could be a perfect time to realize your dream of owning a car than this festive season? While SUVs and Sedan have become expensive following government notification of the hike in Goods and Service Tax (GST) cess, you can still get your hands on your favourite car by financing it at a best deal from the lender. So before buying your favourite car makes sense to understand the eligibility norms and interest rates.

You can get a maximum loan quantum of 85% of on road price by nationalized banks. Besides this, you are also charged a processing fee over and above the interest rate Lately, State Bank of India (SBI) waived off its processing fee. This offer is valid till Dec 31, 2017. However, it makes sense to explore interest rate offered by other lenders too. Here's what is being offered by various lenders.