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User reviews
  • I have taken loan for buying my personal car from ICICI bank. The service is very good. Not just the employees are very polite but also my loan was sanctioned within 2 days. There was no hassle and everything went smooth. The Branch Manager was also very helpful. Usually bank workers don't have time to talk as the burden of work is very high but in ICICI bank, the Branch Manager was very patient and answered all my questions and cleared all my doubts. Earlier my opinion about bank loans was - full of tensions and lots of processing. But ICICI bank helped me change my thoughts and i could easily get my car on very easy installments. If you are actually looking for no problems and easy and quick loan, i will suggest ICICI bank is the place to reach out to. The interest rate is very nominal & the processing & documentation fee is also low. Documentation is high but it was not a pain in the neck. It's customer service is very good. Go for it and fulfil ur dreams :)
    06:58 PM - Sep 02, 2014

    Jaishree Khandelwal, jabalpur
    4.5/5 "Excellent!"
  • My experience of applying for a personal loan with ICICI bank was good. The person whom I spoke with was very good and she explained me everything in detail however I couldn't make it because of too many documents requested from me. Otherwise the service and the response was quite good.
    12:24 PM - Sep 02, 2014

    TAMANA ALI, chennai
    4.0/5 "Great!"
  • I have applied through on line for a ICICI Bank car loan, unfortunately I did not receive any calls till date and I have no way of knowing what has happened to that application . Mean while, I got a better offer else where I switched over. Finally, when everything was over I got a call from ICICI, by that time everything was completed it could have been better if they have provided me proper response on time.
    06:53 PM - Aug 30, 2014

    DR NEELAM ROY , new delhi
    1.0/5 "Really Bad"
  • I was recently planning to buy a new car and I had applied for a car loan with ICICI bank. Due to some tough financial situation I couldn't buy the car at this time and I let my application close with ICICI bank. May be I would go for the loan in the month of Oct'2014. I think ICICI bank did not have an attractive offer for me and the rate of interest is quite high.
    06:19 PM - Sep 02, 2014

    2.5/5 "Just OK"
  • It was through the car dealer I have availed the car loan from State bank of Mysore. Everything went smooth and my loan was disbursed within 3 days of time once the documentation process complete. They offered me a good rate of interest around 10.5%.
    04:16 PM - Sep 01, 2014

    SAJIN SEBASTIAN, bangalore
    5.0/5 "Blown Away!"
  • I Availed Car Loan from HDFC the disadvantage is they charge for pre payment, interest rate when compare to other banks was bit high, ECS option and reminder message is very helpful, loan approval process was done in 4 to 5 days. Overall the service was quick.
    01:19 PM - Aug 30, 2014

    PRATYUSH LADHA, kolkata
    3.0/5 "Satisfactory"
  • Axis bank car loan: The customer service executive are very quick in responding to my queries. The whole process was completed with in two days. The customer service executive Mr Vijay who took the initiative in updating me on the status of the loan, collecting the documents and getting the agreement signed.
    03:54 PM - Sep 02, 2014

    SHANTHA KUMARI, bangalore
    5.0/5 "Blown Away!"
  • My recent experience of applying for a car loan with ICICI bank was pretty good. Everything was alright with ICICI bank however it is me who cancelled the application and post ponded my plan for the next 3 months. ICICI bank was overall very good and I have no problem. I think the rate of interest was also somehow OK.
    11:58 AM - Sep 01, 2014

    NIMESH SINGH, new delhi
    4.0/5 "Great!"
  • At present I dont have any plans to purchase a new car, probably after 6 months I might purchase a new car. I am happy with the rate of interest what ICICI has offered me for the car loan and its much better when compared with other Banks. The reason why, I prefer ICICI is because I hold an account with them and I like their services.
    11:51 AM - Aug 30, 2014

    5.0/5 "Blown Away!"
  • I had recently applied for a car loan with ICICI bank. Unfortunately I did not avail the loan because I have post ponded my plan for sometimes. Everything was excellent with ICICI bank and I don't have any complaint or difficulty with them. I am overall satisfied with all the services of ICICI bank and the response was prompt.
    01:26 PM - Sep 02, 2014

    MC MUTHIAH M, chennai
    5.0/5 "Blown Away!"
  • It was a nice experience of availing a car loan from SBI. I have an account with SBI therefore I had visited the branch for availing a car loan. After I submitted all the required documents to the branch people they ensured my loan disbursement within 2 to 3 days. I was really happy with the rate of interest of 10.5%.
    10:40 AM - Sep 01, 2014

    4.0/5 "Great!"
  • I have approached ICICI for a car loan, unfortunately I have changed my plan. I have decided to purchase a used car, instead of new car . I am unable to comment more about ICICI, from my perspective they are very quick in response, as I got a call from them immediately with in an hourâ??s time. The rate of interest is 16% which is much higher, when compared with other Banks as other Banks are offering me at 13 to 15% interest.
    10:35 AM - Aug 30, 2014

    MUHAMMED SHAN A, kochi
    5.0/5 "Blown Away!"
BankBazaar Car Loan is Rated as "Great!" by 2212 Users
 4.0 / 5.0   by 2212 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 03 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 2212 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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