Chennai Car Loan

Chennai Car Loan
 4.0 / 5.0   by 263 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

01
02
03
04
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

01
02
03
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 30 Aug 2014

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

Car Loans from Top Banks
Car Loans in Top Cities
Car Loan by Bank
Car Loan by City

Chennai Car Loan Reviews

Customer Reviews
Page 1 of 14 1 2 3 4 5
  • Validated User
    (0)

    In the year 2005 I have availed a car loan from SBI. I had directly visited the branch of SBI and made my request for a car loan. The next moment they collected the required documents from me and they ensured my loan disbursement within 5 to 7 days. Only the follow up was not that good because they suddenly increased the rate of interest without prior notification. Rate of interest was around 10.5% and the processing fee & charges are reasonable.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I had recently applied for a car loan with ICICI bank. I did not avail the loan because I was in a little confusion in choosing the car model. I am not in a hurry as I am already holding the car however I have just post ponded my plan for sometimes. I got immediate response from ICICI bank and they explained me everything in detail about the loan. I would contact ICICI bank again once I finalize the car model.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Services are nice with HDFC bank in terms of car loan. I felt it was the nominal interest offered by this bank. Rate of interest is 7% without no processing fees as I have a prior relationship with them. I would say it would be a convenient process with this bank.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have contacted ICICI for a car loan in the probably in the month of May, I have postponed ed the plan of taking a car loan as I dont require it. The rate of interest what they provide could have been much better , as they decide the rate of interest based on the company where the customer is working . My suggestion for them, would be they should provide good rate of interest for the company which is listed under D category as well.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Personally I closed this CAR loan with HDFC bank. Their customer service and response was extremely very good. Interest rate was good. I liked them because that's like my parent bank . I choosed this HDFC bank because of their customer service . In future I will definitely be a member in HDFC bank . They should continue the same service in future probably much more better than now.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I was looking for a Car loan from a Nationalized Bank, as they offer a low rate of interest. Yes , I have approached ICICI, in the month of June for a Car loan. Frankly speaking, I am not interested to take a car loan from ICICI, because of the rate of interest and foreclosure charges. I would be really happy, if they can reduce rate of interest, as I am holding a Salary account with them looking forward for a better rate of interest from them. As Nationalized Bank are ready to provide a car loan at 10.25%.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Kotak Mahindra Bank car loan: I was at the showroom and i called the customer service executive with in half an hour the representative was available there on the showroom. The executive Mr Mathew who took over the car loan process and got completed with in a day. The overall experience was amazing.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from KOTAK MAHINDRA BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    My feedback for ICICI Car Loan, would be the communication is very slow. It could have been much better, if the communication is fast. I received a call from ICICI, by the time I received the call, I dropped the idea of taking a Car Loan and I have planned to take a personal loan.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    SBI Car Loan , provides good eligibility for customer. As a Bank, SBI is doing really good as it provides option of making a part payment without any charges. They require minimal documentation and the only thing with SBI is, they have to be very quick in providing response.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have applied for ICICI Bank Car loan through a dealer. Documentation process was clear and simple it was a hassle free process. I would have really felt happy, if there was no preclosure charges, as most of the Bank dont charge a preclosure charge. Insurance, was yet an another concern, as it was added to my loan without my knowledge .

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I had to cancel my plan of availing the car loan from HDFC bank because they offered very less loan amount. Otherwise the documentation was very simple and the processing was much faster completed within a single day. Rate of interest was pretty good and the bank was very transparent.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have approached ICICI for a Car Loan, however I have not taken that because, I some how tired to arrange my own funds and that is why I have not taken a Car Loan with ICICI Bank. I would say their response is quick and their interest rates is also fine.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I would say HDFC bank customer service were very prompt in giving the proper informations for my CAR LOAN . They called me nearly 2 - 3 times . Personally I feel their rate of interest was high. Due to my personal reasons I only closed this loan..

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I was recently looking for a car loan and I made a loan request with ICICI bank. It was unfortunate that I later bought the car by paying the cash in full. Almost the process was about to complete with ICICI and I got confirmation call and sms also however I had decided to pay by cash. I am getting a good service from ICICI bank so far on my other products like credit card and savings account.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    ICICI Car Loan best part is interest rate was .25% less when compare to other banks, since i need to sale my old car then only i can buy the new one so i am waiting for that. Response and customer service is perfect they explained me all details clearly.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I applied CAR LOAN with HDFC bank wherein they tried to reach me when I was in delhi. But I haven't received any calls when I applied online before out of station. I accept that I am not reachable at that time. Since because of that I moved myself to some nationalised bank.It would be nice if they had proper follow-ups.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I haven't booked any CAR so far. I closed this deal for CAR LOAN with HDFC bank because of some personal reason. Their approach was quite good regarding the handling of customers. It would be really good if they more transparent in their documentation process and also the charges. I approached the bank for the some concern regarding some documentation issues and interest rates. But still they are working on the same. Myself and my friend applied same time because of our emergencies, HDFC bank offered me the interest rate of 16.25% whereas my friend got 15.25%. I dont know why.If there is any problem they should come with actual reason. I would say one thing that they should be more customer centric.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I spoke to ICICI Bank staff for my car loan for 7 years tenure but unfortunately he said that 7 years was suspended and they only have 5 years tenure period. I am happy about the tenure but their rate of interest and customer services is ok. Just that they must work on customer response a little more.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Actually HDFC bank was very good in processing the CAR LOAN application.HDFC did called me and I only placed the deal on hold. Probably I will take after 2-3 months . Otherwise I got immediate response and I am not sure the interest rate what they offered. No suggestions for them to improve their services

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I could say HDFC bank needs to improve a lot in terms of the customer service. I applied my CAR LOAN with HDFC bank to give to one of my friend. It doesnt worked out with them.They have to work according to the work culture and the value of customers. Need some improvement in evaluation of customers.They have to really work on the customer service and should be more customer centric. Being the chariman of the company the way they treated the customer was really needs to be improved

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 14 1 2 3 4 5
Contact Us on Mail
Facebook
Thank you for the feedback.
Make a suggestion or report a bug
  • Like us? Spread the word
  • Broadcast your feedback via Facebook Twitter
  • or Cancel
  • View our privacy policy

reTH65gcmBgCJ7k - pingdom check string.