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User reviews
  • HDFC bank response yeah It was good in branch that I have applied. The same day the documents collected within 4-5 days I have just got loan. I called my friend to get the contact details of the executives of the car loan with HDFC bank .I Finally i have got my loan with good manner.
    01:00 PM - Aug 20, 2014

    POKKUNNON SANOJ, bangalore
    3.5/5 "Pretty good"
  • HDFC Bank Customer service executive did not had a good follow up and they gave me the required information but they have not followed the information which was said by them and due to delay in the approach with the HDFC Bank i moved to other bank for the car loan application and i got the approval too from other bank.
    03:07 PM - Aug 18, 2014

    2.0/5 "Expected more"
  • I have the documentation with me its pretty good. I have paid extra amount the interest rate was nominal. Yes couple of things was good in HDFC bank .Prompt in calling back for car loan.I have taken in some other bank. No suggestions as such for them .
    02:26 PM - Aug 18, 2014

    ANSHUL NARAIN AHUJA, new delhi
    2.0/5 "Expected more"
  • It was the first time i applied for the car loan with the HDFC Bank it was a good experience and the executive called me and asked me about the details of the car loan, and i canceled the car loan since i had some personal issue i have dropped the plan of taking the car now.
    06:22 PM - Aug 19, 2014

    VIPIN GOSWAMI, new delhi
    5.0/5 "Blown Away!"
  • The person was calling me for the car loan and the approach was not that much good in HDFC bank . Professionally they are not enough. I have taken loan from HDFC only , they have taken to certain extent. There was no issues with rate of interest .
    03:01 PM - Aug 18, 2014

    2.0/5 "Expected more"
  • Kotak Mahindra car loan the service was really good and they made the loan approved with in seven days and executives are very good and i submitted all my documents in the Hyundai show room and the executives collected from there and the overall service was good.
    01:18 PM - Aug 18, 2014

    SARABDEEP SINGH, jalandhar
    4.0/5 "Great!"
  • HDFC bank customer service was good. Their response and I got the feedback I was unable to touch up with them . Frequently they called me whatever the time I provided. Interest rates are comfortable for me in this car loan. I closed my loan since out of town . Might be I will be in future.I didnt have any suggestions so far
    10:29 AM - Aug 19, 2014

    5.0/5 "Blown Away!"
  • First of all the service is really is good but the problem is that the processing charges is too high when compared with other banking service and the interest rate is also high in the HDFC Bank,and i have kept my car loan application on hold since i have planed to get the car in diwali.
    02:41 PM - Aug 18, 2014

    VIVEK PANDEY, varanasi
    3.0/5 "Satisfactory"
  • I got the call from the HDFC Bank customer service executive and they said me to submit the documents but i have got the car loan from other bank so i have canceled the car loan application from the HDFC Bank, Since i bought the car of Hyundai they have tie up with other bank so i got it from other bank.
    01:17 PM - Aug 18, 2014

    SARABDEEP SINGH, jalandhar
    5.0/5 "Blown Away!"
  • When i visited to the dealership they have provided me the number of financial banker and financier available there out of which the ICICI Bank representative has approached me with full details they inquired about my profile with in fifteen minutes and confirmed my car loan amount of 5 lakhs for seven years.
    03:08 PM - Aug 18, 2014

    5.0/5 "Blown Away!"
  • Bank of Baroda did the formalities with much less number of documentation . I hardly given less documents . They are amazing customer service with car loan. Everything was quick infact I didnt have cheque books they give suggestion to give post date cheque for the car loan.
    02:31 PM - Aug 18, 2014

    ANSHUL NARAIN AHUJA, new delhi
    5.0/5 "Blown Away!"
  • Actually the documentation was good. I haven't met any executive directly and closed with telephonic . Follow ups are good. No suggestions for them to improve their service . Overall their service was good. Since State bank of India customer service was very good in my car loan.
    01:16 PM - Aug 18, 2014

    5.0/5 "Blown Away!"
BankBazaar Car Loan is Rated as "Great!" by 1867 Users
 4.0 / 5.0   by 1867 users
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Fees & Charges

Promised Interest Rate

Customer Service



You're probably eligible for a Car Loan if you are

That's 21 years old, same time that everything besides milk becomes legal too

Legally adult enough to handle it

Less than 65 years of age, because sanguine golden years are for playing golf

Have still got it

Salaried or self-employed - whatever puts food on your table

Get a regular pay check

There's a minimum amount for that regular pay check

Make more than a basic buck

Your eligibility depends on

Car Loan Minimum Salary

Minimum income required
Rs.2,40,000 per annum

Car Loan Maximum Loan Funded

Loan capped @
85% Ex-Showroom price

Car Loan EMI

EMIs of other loans lower
your eligibility

Increase your eligible Car Loan amount by these steps

Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Choose longer tenure loan up to 5 Yr years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Car Loan Interest RatesUpdated on 21 Aug 2014

Car Loan Details
Interest Rate (Monthly reducing balance) 10.5% - 12.75%
Processing Fees Rs. 500 to Rs 5,000
Loan Tenure 1 year to 5 years
Pre-closure Charges 2% to 4% on outstanding loan amount
Guarantor Requirement No guarantor required

rated 4.0 /5.0
by 1867 users
Over 5,00,000 Happy Customers with loans & cards
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Offers to Compare
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This is our forte- helping you compare the finest deals. Additionally, we'll handpick offers that suit your profile and present the best rates from several banks, so you can make a thoroughly-informed decision.

Breaking Down Offers
Breaking down offers

We're obsessed with giving you a 365 degree view of offers. So, we'll break it down for you - EMIs, eligibility, maximum amount that can be borrowed, fees, hidden charges... no more getting fooled by the fine print!

Why Apply Online
Cheaper than dealer

There's a good reason why thousands of customers choose BankBazaar- we're cheaper than most dealers. Best part- by applying here, you can get the lowest rates AND still demand all those freebies from your car dealer!

Cheaper then Dealer
Why apply online?

You don't have to fight for parking space! Jokes apart, applying online will help you save time and money; plus, you'll be able to use the services of our super-friendly customer service team at anytime and get all your queries answered.

Comparing Best Car Loans
Done comparing! Now what?

We showcase the best loan offers and help you compare them... what next? Well, we'll aid you in applying to the bank of your choice and work with you right up to the delivery of the loan!

Still have a gazillion questions?
Still have a gazillion questions?

Think of BankBazaar as your loan-savvy buddy! Our customer support team is at your service to clear doubts on eligibility, offers, procedures and documentation, and help you apply. They'll even co-ordinate with the bank to get you your loan on time.

Connect to the Bank
We'll connect you to the bank

We know the bank guys really well! So, if you want to talk to a bank representative or get help on your loan application, we won't just connect you to them; we'll also do the follow-up on your behalf.

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