If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • Chennai Car Loan

    Chennai Car Loan
     4.0 / 5.0   by 333 users
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    Chennai formerly known as Madras, this 369-year-old city is the capital of the southern state of Tamilnadu and is India's sixth-largest city in terms of population.It serves as one of the main gateways to South India and has a thriving local culture and art scene and is one of the major destinations for medical tourism. It is considered as one of the world's fastest growing cities.

    About Car Finance: Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.


    You’re probably eligible for an Chennai Car Loan if you are

    01
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    Chennai Car Loan Minimum Age

    At least 21 years old

    Chennai Car Loan Maximum Age

    Less than 67 years old

    Chennai Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Chennai Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Chennai Car Loan amount eligibility is based on these factors

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    Chennai Car Loan Minimum Salary

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

    Chennai Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Chennai Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Chennai Car Loan amount by these steps

    01
    02
    Chennai Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Chennai Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Chennai Car Loan

    • 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

    Chennai Car Loan Interest RatesUpdated on 07 Jul 2015

    Chennai 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

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    Chennai Car Loan Reviews

    Customer Reviews
    Page 1 of 25 1 2 3 4 5
    • Validated User
      (0)

      TATA Finance car loan process is not that good. My dream was to buy a new car. When I approached them there was no issues with them. They have offered the lowest EMI with very low down payment. This is my first car loan which was taken during the year 2011 and its an ongoing loan as well.

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      thameem took a Car Loan from TATA FINANCE Reviewed on
    • Validated User
      (0)

      I got the car loan with the rate of interest of around 12% and thats okay.With the HDFC bank that I got the loan with them.Within a week of time that I got the loan to be disbursed.I have every financial products with the HDFC and I don't faced any problems with them.

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      varun took a Car Loan from HDFC BANK Reviewed on
    • Validated User
      (0)

      I am holding a car loan with SBI. Interest rate offered by them was 10.20% they have revised the rates. They have provided a special offer while taking this loan and its because of which I have taken the loan. Within 30 minutes they explained to me everything very clearly. Later RBI has slashed down the rates and again I got a reduced the rates and that in turn reduced the tenure.

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      divya took a Car Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
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      Rate of interest and processing charge is very high in Axis bank in comparison to other bank. I did check the fee structure with nationalized bank and private sector banks but the charges are high only in Axis bank for car loan and that the reason I dropped the plan. Interest should be waived off to the customers and Axis bank should give some offers to the customers,

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      arun took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      My salary account is moving with HDFC bank so I asked to negotiate interest rate for car loan and got it as on my expectation. HDFC bank was very supportive and for documentation they charged me around 1500. From the time of application, it took 20 days to disburse the loan amount. They just have asked me to give 20k as down payment but I paid 1.5lakhs.

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      rhamanand took a Car Loan from HDFC BANK Reviewed on
    • Validated User
      (0)

      Interest rate was low and also charges are acceptable in Axis bank for car loan but still I had went with my home bank. Executive who communicated with me was knowledgeable and he clearly explained me regarding the benefits. Everything was satisfactory and up to the mark.

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      rhamanand took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The experience was very nice with axis bank while my car loan process . Interest rate charged was better comparing with other banks and the processing fee was also less. The loan disbursement was done within 1 week.The bank is very fast in the process and in the future also i will avail any loan with axis bank only.

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      srinivasa took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The experience was good from TVS credit and the car loan was disbursed within 3 days. Interest rate offered was 11% and the processing charged was Rs.3000 which were nominal. Documentation was easy as the representative came to my home to collect the documents.

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      kannan took a Car Loan from TVS CREDIT SERVICES Reviewed on
    • Validated User
      (0)

      I have taken my car loan with TATA capital. The process went smooth and I had no issues in getting the loan. I got the rate of interest they promised and it was a quick process.

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      santhosh took a Car Loan from TATA CAPITAL LIMITED Reviewed on
    • Validated User
      (0)

      Syndicate is comfortable to avail car loan because their rate of interest is very reasonable as it is very less. Paper works are minimal and just they asked for few papers to complete the loan. Within a day the documentation was over. Processing charge that deducted was only less than 2500.

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      kumaravel took a Car Loan from SYNDICATE BANK Reviewed on
    • Validated User
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      Infact Interest rate is very high in Axis bank because they were ready to process the car loan in rate of 14% with diminishing state. I got offer of car loan from government bank with low rate and minimal paper works. Axis bank has ask several documents that I was unable to produce.

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      kumaravel took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I am holding a car loan with HDFC Bank. It is a preferred one. The service offered by them was very exemplary. Their customer care is the best one. Its an ongoing loan and I am paying EMI and I am going to complete my EMI as well,

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      patan took a Car Loan from HDFC BANK Reviewed on
    • Validated User
      (0)

      I am holding a car loan with Axis bank. It is a very good choice its a customer friendly bank. I managed to get this loan within 2 or 3 days of time. There is no drawback or discomfort and I have got the best rate.

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      bala took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have applied for the car loan with HDFC Bank. I did not get a proper response from them. they took about one or two weeks of time to provide the respond. Meanwhile I applied for the car loan with Axis bank and I have taken a loan from Axis bank. Nothing interesting about HDFC bank.

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      bala took a Car Loan from HDFC BANK Reviewed on
    • Validated User
      (0)

      The car loan disbursement was done within 1 week. Interest rate charged was as per market rate and the processing fee was zero. Documentation process was easy and the representative came to home to collect the documents. The bank and the representative were very cooperative.I am very much satisfied with the HDFC bank.

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      v took a Car Loan from HDFC BANK Reviewed on
    • Validated User
      (0)

      The car loan disbursement was done within 2-3 days from TVS credit. I need to spend much time to avail the loan as the process was completed by TVS credit and the representative came to collect the documents. Interest rate offered was 15.5% and they charge Rs.1750 which includes processing fee and insurance. I have already recommended some people for the loan from TVS credit.

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      siva took a Car Loan from TVS CREDIT SERVICES Reviewed on
    • Validated User
      (0)

      Pre closure and pre payment options are available in SBI for car loan and this is effective starting from the first day. Currently the rate has reduced and it is of 10.15%, which is floating. Also we can opt tenure for 7 years. Manager of SBI helped me a lot in getting things done and he helped me to complete the ECS mandate.

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      jaya took a Car Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      Pre payment option and partial payment options are not there on the Axis bank so I dropped the car loan with them. Initially the officer of Axis bank contacted me and explained but not satisfied with the features and benefits so stopped there. Apart from that I am happy with Axis bank.

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      jaya took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Comparing with other bank the interest rate offered by Axis bank was very low and the bank offers loan for low salaried people also. They also give an option of pre close the loan within 1 year where as other banks are offering only after minimum of 3 years. My car loan approval was done within 15 days but there was a delay from my end only for the disbursement as we were looking for the best day.The representative of the bank named Mr. Arun helped us a lot in explaining and guiding us throughout the process.

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      uma took a Car Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The HDFC bank was very convenient while taking the car loan and the process was good.Within 4 days the loan was disbursed. Interest rate offered was 10.50% and processing fee charged was Rs.1500.No any extra charges.Not much documents were required as i already have my salary account with the same bank.documents.Service and response of the bank is the one i liked the most.

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      santhosh took a Car Loan from HDFC BANK Reviewed on
    Customer Reviews
    Page 1 of 25 1 2 3 4 5
    4.0 333 0.0 5.0
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