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User reviews
  • ICICI Car loan their was nothing wrong with them. Interest rate and charges is fine as per market value they offered. They called and informed all details clearly. Since i have changed the plan they have closed the application. It would be great f they improvise on response part.
    03:18 PM - Sep 27, 2014

    TRINADH KUMAR ATLURI, hyderabad
    3.0/5 "Satisfactory"
  • I have availed a car loan from SBH It was nice service, i got loan approval in weeks time. Interest rate was 9% its comparative less when compared to different banks. They charged 4% for processing fee. Since my my friend was working in SBH i got loan approval easily. Thing is on yearly basis they use to approve 2 or 3 car loans not more than that.
    12:06 PM - Sep 27, 2014

    KISHORE REDDY N, hyderabad
    3.0/5 "Satisfactory"
  • Car loan with ICICI bank only time they called and verified requested to keep the documents ready, i have arranged the documents but their was no response from their end. It would be great if they provide prompt response and fulfill the commitments about loan approval status.
    10:09 AM - Sep 27, 2014

    UJJWAL MONDAL, kolkata
    1.0/5 "Really Bad"
  • Axis Bank car loan: I got a call from the customer service executive and they explained me about the process and they said they will send a executive to collect the documents. But there was no response from the executive. One suggestion i would say that they need to have a proper communication with the customers.
    02:49 PM - Sep 26, 2014

    SATYA PRAKASH SINGH, ghaziabad
    1.0/5 "Really Bad"
  • Postponed the plan of taking a car loan with HDFC Bank, I am quite happy with the interest rate, as I had some other plans, I dropped the idea of taking a car loan. Documentation process was quite simple. I have planned to re-apply after 6 or 7months time.
    10:43 AM - Sep 26, 2014

    VINAY KUMAR SINGH, pune
    4.0/5 "Great!"
  • ICICI Car loan they took much time they collected all the documents after that their was no response. It would be great if they improvise on verification part as i took almost 1 month. Interest rate and charges is same as market price. They need to be more prompt in terms of response.
    01:46 PM - Sep 27, 2014

    VIKAS KUMAR, hyderabad
    1.0/5 "Really Bad"
  • I had a amazing experience with the Axis Bank when i applied for the car loan. The processing and the documentation was very simple and transparent. Unfortunately i forgot the executive name who was updating me on the status of the loan. The whole process got completed with in 3 days.
    10:57 AM - Sep 27, 2014

    SUNIL S POPALGHAT, aurangabad
    5.0/5 "Blown Away!"
  • ICICI Car loan I received the call from their executive she said will be sending approval letter but their was no response. The executive whom i interacted she said i will be eligible for 5 lacs based on my salary. Interest rate and charges was bit high when compare to nationalized banks. It would be great if they provide proper response and need to improve on communication part.
    06:19 PM - Sep 26, 2014

    CH SURYA PRAKASH CH, hyderabad
    4.0/5 "Great!"
  • ICICI Bank car loan: The processing and the documentation was very fast. The customer service executive My Hydher who took the initiate in updating me on the status of the loan till the loan amount got disbursed. The whole process got completed in 3 days.
    02:41 PM - Sep 26, 2014

    KAMALAKAR SINGH, greater noida
    5.0/5 "Blown Away!"
  • I have postponed the plan of taking a car loan, my opinion for HDFC, would be the rate of interest charged by HDFC car loan is on the higher side good, if they reduce it. The interest rate offered by HDFC should be in line with nationalized bank, as Nationalised bank charge about 10.12%.
    05:08 PM - Sep 25, 2014

    PAVAN DESABOINA, nizamabad
    5.0/5 "Blown Away!"
  • My experience with ICICI bank in terms of car loan was not satisfactory. Initially they called and informed everything and collected the documents after that their was no response from their end. I need to call and follow them asking the status of my loan.
    01:23 PM - Sep 27, 2014

    PRASANNA B K, bangalore
    1.0/5 "Really Bad"
  • ICICI Car loan the loan amount what they offered was very less, interest rate and charges is same as market price. I applied on line they approved for 4 lacs. Once the executive called and verified i said i am expecting 90% on road price she said they will offer the loan amount as per my expectation and requested to keep the documents ready after all documentation submitted they stick for 4 lacs again. I would suggest they need to fulfill the commitment what they offer.
    10:37 AM - Sep 27, 2014

    KHAJA MOHIYUDDIN, bangalore
    5.0/5 "Blown Away!"
  • State Bank of India car loan: The processing and the documentation was fast.They documentation was very simple and it was transparent. The customer service executive responded to my queries quickly and i got the loan amount disbursed in 3 days.
    04:10 PM - Sep 26, 2014

    DOUREE SAMY, pondicherry
    5.0/5 "Blown Away!"
  • I got a disappointing service with the Axis Bank when i applied for the car loan . Initially i got a call from the customer service executive and they came and collected the documents after that there was no response for 10 days. I called to the customer service executive said that the loan application has been canceled and the executive did not had the reason for the cancellation.
    02:39 PM - Sep 26, 2014

    KAMALAKAR SINGH, greater noida
    1.0/5 "Really Bad"
  • I am currently dealing with SBI for the housing loan, I have purchased a plot recently. I dropped the idea of taking a car loan, probably during the next 2 year I would not require a car loan. Yes I did receive a call from HDFC for the car loan and their service was quite satisfactory.,
    04:20 PM - Sep 25, 2014

    ASHISH RAJPUT, dewas
    3.0/5 "Satisfactory"
  • Car loan with ICICI bank they called and informed all details clearly. Since the car is not available on the showroom to take delivery it will get take at least 10 days, they are not ready to wait for 10 days. They offered high interest rate and charges when compare to other banks as well.
    12:18 PM - Sep 27, 2014

    KISHORE REDDY N, hyderabad
    4.0/5 "Great!"
  • My experience of availing a car loan from Tata capital is very good. The way of approach is excellent, the loan amount what they offered was bit less at 85% on road price. Interest rate and charges is same in all banks, i got loan approval in 3 days it was quick process. It would be nice if they provide at least 90% on road price to make more comfortable.
    10:28 AM - Sep 27, 2014

    KHAJA MOHIYUDDIN, bangalore
    5.0/5 "Blown Away!"
  • The processing was very fast with ICICI Bank when i took the car loan. There was minimum documentation and the executive took the initiative in updating me on the status of the loan from day one till the loan amount got disbursed and the whole process got completed within 10 days.
    02:50 PM - Sep 26, 2014

    SATYA PRAKASH SINGH, ghaziabad
    4.0/5 "Great!"
  • I would say it was a good experience when in applied for the car loan with HDFC Bank. The processing and the documentation was easy and it was transparent. But little disappointed with the delay in the disbursement of the loan amount that needs to be little quick.
    01:15 PM - Sep 26, 2014

    SHERIFF ALLAH PICHAI, chennai
    3.5/5 "Pretty good"
  • I always place my trust on HDFC Bank , I have postponed the plan of taking a car loan till January, I have planned to take it after that. It has very good brand name, they have their own standards nothing much to comment about this Bank, as I have not taken a loan with this Bank.
    04:19 PM - Sep 25, 2014

    JEGAN JOHN THANGAPANDI, madurai
    5.0/5 "Blown Away!"
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BankBazaar Car Loan is Rated as "Great!" by 2512 Users
 4.0 / 5.0   by 2512 users
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Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Car Loan BYTES FROM OUR KITCHEN

You're eligible for a Car Loan if you:

01
02
03
04
That's 21 years old, same time that everything besides milk becomes legal too

Are 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

01
02
03
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


Boost your eligibility by

01
02
Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Car Loan Tenure

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 30 Sep 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 2512 users
Over 5,00,000 Happy Customers with loans & cards
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Compare multiple options and choose the one that best suits you

Compare the best car loan offers in town and locate the lowest rates!

Offers to Compare
Over 25 offers to compare!

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.

Car Loan
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