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 462 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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

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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

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    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 02 Sep 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

  • Page 1 of 50 1 2 3 4 5
    • Bank Bazaar Customer Support
      "Good service"
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      Bankbazaar helps customer in choosing the right bank and right service.The customer service provided was really nice and the portal is designed in user friendly manner.My friends recommended about Bankbazaar to me.This website provide all information regarding loans and offers as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 01, 2015
    • Car Loan
      "User freindly bank"
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      I have withdraw the plan of getting a car loan with TVS credit service got two months due to some personal issue.The service provided by TVS was really good and they are friendly towards customer.The interest rate offered was quite moderate rate.I will surely recommend about them to others.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 01, 2015
    • Car Loan
      "It Was Easy With Axis..."
      AXIS BANK
      0.5 4.0/5 "Great!"
      It is easy to get a car loan from axis bank. The executive came to my office to collect the documents. The rate of interest they offered was good, but the executive did not give the promised one. They increased the rate at the time of loan disbursement. It will be good, if they deliver whatever is promised to the customers. Otherwise everything was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 01, 2015
    • Bank Bazaar Customer Support
      "Good One..."
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      I am totally satisfied with bankbazaar. I got this portal through browsing. When I applied for a loan they called me immediately. After that they had a good follow up. They informed me that an executive from the bank will come and collect the documents. It was a good experience.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 31, 2015
    • Car Loan
      "Good Services.."
      TVS CREDIT SERVICES
      0.5 4.0/5 "Great!"
      TVS credit services called me on time when I applied for a car loan. They informed me the required documents. Customer service was good. The interest rate was high. Due to some reason I left the procedure and canceled the application. After 2 or 3 months I will approach them if I am looking for a used car.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 31, 2015
    • Car Loan
      "Good Service!!!"
      SHRIRAM CITY UNION FINANCE
      0.5 5.0/5 "Blown Away!"
      Before three years I have taken car loan with Sri Ram Finance. An agent contacted me and done everything for me. Initial service was good and confident. Once the documents were collected the my loan got sanctioned very next day. Interest rate was high but still it is okay since I got my loan very easily. There are no any hidden charges. It was good with Shri Ram Finance..
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 29, 2015
    • Bank Bazaar Customer Support
      "Awesome Portal...."
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      I got to know about bankbazaar through an online search. It was easy to find the best option in the website. I was able to select the suitable one from the list of the banks provided by the portal. I got an immediate call from bankbazaar when I applied for a loan. Executive explained everything clearly. It was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 29, 2015
    • Car Loan
      "Good Offers.."
      TVS CREDIT SERVICES
      0.5 4.0/5 "Great!"
      I applied for a car loan in TVS credit services and I got a call after 12 hours. It was a good response. The executive spoke well and gave all the information. Since I postponed the plan and I did not have requirement I canceled the application. Customer service was good. They were perfect.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 29, 2015
    • Bank Bazaar Customer Support
      "Awesome Work "
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      Once I was searching for my car models in the Internet I came to know about Bankbazaar website. They are helping me a lot in knowing about my loan offers. They just took one hour to call me back and immediately they were processing my request. The information which they given was sufficient to me. Over all they are very good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2015
    • Bank Bazaar Customer Support
      "Excellent "
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I just entered the details on the bankbazaar site to get the informations of car loans. I could find all the required information on the site.Once I entered the details on the site there i got the call after some times I would suggest that it should earlier. Will also recoomedn the site to the people required..
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2015
    • Car Loan
      "Planning Later "
      AXIS BANK
      0.5 4.0/5 "Great!"
      Compared with other banks AXIS bank response was good. I applied for the car loan with them where I felt the rate of interest is little high. Actually they are very fast in processing my application, since I was not finalized with the car model I requested them to hold my application for time being. I am planning to take a new car after 3 months only.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2015
    • Bank Bazaar Customer Support
      "Good website"
      AXIS BANK
      0.5 4.0/5 "Great!"
      My opinion about Bankbazaar is they are the mediates between the banks and the customers. My friends has recommended to visit this website and thats how I came to know about this site. The website is very easy accessing and so beneficial to me. It would be great if they have multiple bank options.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Car Loan
      "Dropped my plan "
      AXIS BANK
      0.5 4.0/5 "Great!"
      Initially I planned to purchase a new car, so I applied for the car loan with AXIS bank. The bank executive contacted me and given all the details about the loan. Due to some issues I postponed my after 3 months, I requested the bank not to process my application to the next level.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Bank Bazaar Customer Support
      "Wonderful Website.."
      TVS CREDIT SERVICES
      0.5 4.0/5 "Great!"
      Bankbazaar delivers the services on time. It was good with them. They responded immediately when I applied for a loan on line. The informations provided in the website is really good. They also send SMS and calls on time. They have to understand the customer requirements and must serve them even better.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Car Loan
      "Good One.."
      TVS CREDIT SERVICES
      0.5 4.0/5 "Great!"
      TVS credit services is good. I had a good experience with them. When I applied for a car loan, they called me immediately. They are providing good services. There was a delay in their response, when I decided to take a car and asked the executive to come but he did not, so that I missed the car. So I thought not to continue with them and canceled the application.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Car Loan
      "Be Responsive.."
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      There was a delay in the initial response from tvs credit services. I have not interacted with them much, but when I applied for a car loan, they gave some information with which I am satisfied. It will be good if they can contact the customers immediately and set their expectations.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Bank Bazaar Customer Support
      "Expecting More.."
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      I was getting advertisement mail from bankbazaar, so when I was in a need, I applied for a loan. The response was good. I had been getting mails from them that I have an offer for credit card but the banks have been rejecting my application. It will be good if they can send the mail only if it is applicable and the subject of the mail is also not appropriate, they have to change it.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Car Loan
      "Average One..."
      TVS CREDIT SERVICES
      0.5 5.0/5 "Blown Away!"
      The experience which I had with tvs credit services was not bad. I approached them for a car loan and they contacted me immediately. They gave information about the procedure. The value of the vehicle I chose was really high. So I dropped the plan and canceled the application. Customer service was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Bank Bazaar Customer Support
      "Very good..."
      HDFC BANK
      0.5 4.0/5 "Great!"
      If I place any query on the bankbazaar portal they use to call instantly and that is good. Within half an hour we get a call. For all the banking products we can approach bankbazaar as all details are present in one place so no need to go bank portals. Overall bankbazaar is very much supportive. Through my friends circle I came to know about bankbazaar. This portal helped me in comparing different banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 26, 2015
    • Car Loan
      "It is good.."
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      I was not interested to take a car loan so asked the HDFC bank to stop the process but they were ready to sanction the amount. Also they gave rate between 12 to 13%. HDFC bank asked to give down payment as the payment varies infact. HDFC was ready to fulfill my expectations but informed to get back after four months.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 26, 2015
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