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User reviews
  • The moment I applied my car loan with axis bank I got immediate call backs.They offered me 10.25% as interest rates which was quite nominal. Pretty good follow ups. I got my car on my own cash so I dropped my plan. Overall good services
    05:03 PM - Sep 16, 2014

    VIVEK SINGH, noida
    4.0/5 "Great!"
  • Quite good response from axis bank when I applied car loan application . They are very good in follow ups. Pretty high interest rates so I moved on to better offer provided by other bank. They need to be more competitive in interest rates. They need to pull more plan from other banks
    02:57 PM - Sep 16, 2014

    4.0/5 "Great!"
  • I had applied a car loan with axis bank whereas they really need to improve on their follow ups. I asked them to send an email or message regarding the loan details for my emergency however they sent after 3 days. Currently I closed this plan and purchased by my own cash
    12:13 PM - Sep 16, 2014

    SAKUN NAIYAR, noida
    1.0/5 "Really Bad"
  • I had applied a car loan with axis bank where I got frequent call backs . Good customer service. Very responsive. Interest rate was quite nominal compared with other banks. Personally I requested them to close the loan due to personal emergency
    04:46 PM - Sep 16, 2014

    4.0/5 "Great!"
  • The moment I applied a car loan I got immediate response from axis bank . Everything was perfect . Good customer service. Pretty much higher interest rate compared with other banks. I took loan in my salary account bank with lower interest rate
    02:24 PM - Sep 16, 2014

    MITALI ARNEJA, new delhi
    4.0/5 "Great!"
  • Excellent customer service from axis bank for my car loan application. Personally I requested to postpone the plan. Good customer service and amazing follow ups. Quite nominal interest rate . Overall very good service
    11:44 AM - Sep 16, 2014

    5.0/5 "Blown Away!"
  • Quick response when I applied for car loan with axis bank . Pretty good interest rate compared with market. I feel very comfortable with them. Personally I requested to close the loan. Quite effective customer service.
    04:19 PM - Sep 16, 2014

    RITESH BHATNAGAR, ghaziabad
    5.0/5 "Blown Away!"
  • Everything was perfect in axis bank. Excellent follow ups for my car loan. Personally I closed the loan due to some issues by my side. Interest rate was quite nominal compared with other banks. No such changes required as they already doing their job perfectly
    01:30 PM - Sep 16, 2014

    ASHOK KUMAR GIRI, bangalore
    4.0/5 "Great!"
  • I got better offer for my car loan from kotak mahindra bank. They offered me 10.5% as interest rate. Everything has been processed. I got my car also . They are pretty much good in their customer service .
    11:14 AM - Sep 16, 2014

    VISHAL NAIDU, bangalore
    5.0/5 "Blown Away!"
  • Fantastic and awesome service by icici bank . When I applied a car loan I got immediate response. Since I am a privilege customer for quite some years loan process done by one call. No verification . No documentation . Loan got disbursed within 2-3 days . Interest rates were quite competitive . Pretty well customer service
    02:59 PM - Sep 16, 2014

    5.0/5 "Blown Away!"
  • Pretty good service by axis bank . I got my car loan with 10.5% as interest rate whereas my salary account bank provided 1% more than axis bank.The executive Mr. Hariprasad who collected the documents gave me very clear informations about each and everything very politely . Simply great
    12:32 PM - Sep 16, 2014

    ALEEM PASHA, bangalore
    4.0/5 "Great!"
  • Everything was perfect with axis bank when I applied a car loan. Within a day I have got a call from them . Pretty high interest rate so I switched over to other bank where they provided me better offer. Apart from it they provided good service undoubtedly
    11:09 AM - Sep 16, 2014

    VISHAL NAIDU, bangalore
    5.0/5 "Blown Away!"
BankBazaar Car Loan is Rated as "Great!" by 2369 Users
 4.0 / 5.0   by 2369 users
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Fees & Charges

Promised Interest Rate

Customer Service



You're eligible for a Car Loan if you:

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

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

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 19 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 2369 users
Over 5,00,000 Happy Customers with loans & cards
Hdfc Bank CITI Bank ICICI Bank AXIS_BANK Bajaj Fin Serv Bank Magma Standard Chartered Bank Indusind Bank American Epress Bank DHFL SBI Card Tata Capital Fullerton Bank Credila HDFC TVS CREDIT SERVICES PNB Housing Finance Limited LIC HFL
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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