The interest rates vary, depending on the tenure of the loan and the amount of the loan. The interest rates offered by one institution can be more than that of other institutions for a particular tenure, and can be less for a different tenure. A loan should fit your pocket and the term you wish to take it for. You will need to get quotes of all the finance companies and map them according to your requirements. Check out the administrative and processing charges.
Companies charge certain processing fees for moving the case.
Besides the processing fees, some companies also charge administrative fees for getting the legal appraisal and address verification done. These charges are one-time charges collected by the institution. Be cognisant of the other charges like prepayment charges, etc. Other charges are loaded which increase the effective cost, like prepayment charges and commitment fees. The prepayment charges are levied if you are prepaying the loan amount before the schedule, decided at the time of sanctioning the loan.