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

    We found 34 Amritsar Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.1% - 15% Floating
    0
    20K - 10L
    1-5 Years
    Response Time Within 30 minutes
    Ad Paperless approval option available
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% - 13.25% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 11.6% Fixed
    Up to ₹5,150 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    PAPERLESS APPROVAL OPTION AVAILABLE
    What you'll love
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    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time Within 30 minutes
    100% financing on car value
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.25% - 13.99% Fixed
    Up to ₹2,300 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Amritsar Car Loan Reviews

    • Bank Bazaar Customer Support
      "Quick Response"
      0.5 5.0/5 "Blown Away!"
      I received quick response from bankbazaar at the moment I submitted my application. I selected the bank based on the interest rate and other details over bankbazaar website. Also I have assigned my application to the bank with the help of bankbazaar.
      Was this review helpful? 0
      , amritsar
      Reviewed on May 06, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I postponed my car loan plan for time being. I received a complete information from HDFC bank for the car loan. They contacted me on time. But I just postponed my plan in taking a car loan due to some reason. But I got good response from HDFC bank.
      Was this review helpful? 0
      , amritsar
      Reviewed on May 06, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Excellent service with bank bazaar, they took maximum 7 to 12 hours of time to reach me, after giving my details with bank bazaar I have applied at night the very next day i got a call from them,The bank bazaar options are easy to choose. Bank bazaar mobile app is easy to navigate and its customer friendly.
      Was this review helpful? 0
      , amritsar
      Reviewed on Apr 15, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My experience was very good with the HDFC bank for the car loan and the interest rate was around 7.5% and the customer service is also good and they have contacted me regularly. They just took two weeks of time to disburse my car loan I am satisfied with the Hdfc service and I have opted for 3 lakh loan but received 2.15 only.
      Was this review helpful? 0
      , amritsar
      Reviewed on Apr 15, 2017
    • Bank Bazaar Customer Support
      "Good in response"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar services are good. I approached them for my financial service, when I visited their website it was very easy to handle and I applied on it for my car loan. After I submitted my application, I received a quick response from them and they guided me accordingly.
      Was this review helpful? 0
      , amritsar
      Reviewed on Mar 28, 2017
    • HDFC Bank Car Loan
      "Customer service is good"
      0.5 3.0/5 "Satisfactory"
      HDFC bank approached me for my car loan application. I received a good response from the bank, they properly informed me about the details of the loan and followed up on my application. But due to some reason I had postponed my plan and I had planned to take it later.
      Was this review helpful? 0
      , amritsar
      Reviewed on Mar 28, 2017
    • HDFC Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Earlier, I was not in touch with HDFC, but one person have contacted me. Then I approached them for the car loan, he requested me to sent my documents through scan copies. HDFC processed my car loan within two days of time. I purchased maruthi suzuki alto 800 cost of Rs. 4.25 lakhs, I had taken the loan amount of Rs. 2.5 Lakhs with the tenure of five years, HDFC charged the interest rate of 9.3% and with the processing fee Rs.2500. Overall its a great experience with HDFC.
      Was this review helpful? 0
      , amritsar
      Reviewed on Feb 25, 2017
    • Bank Bazaar Customer Support
      "Easy Website for the Banking Products"
      0.5 4.0/5 "Great!"
      My friend referred me the Bank Bazaar website, Then I gave request for the car loan application. Bank Bazaar called and helped to filled the online application then it forwarded to ICICI. Website is easy and simple to check about banking products.
      Was this review helpful? 0
      , amritsar
      Reviewed on Feb 25, 2017
    • ICICI Bank Car Loan
      "They should give Transparent Information"
      0.5 3.0/5 "Satisfactory"
      I approached ICICI for the car loan, But I did not receive any proper response from them. They kept calling them to confirm the interest rate about car loan but they were not clear in their process. Then I got best offer from HDFC, They processed my car loan very soon and offered the interest rate of 9.3%. But earlier ICICI committed the interest rate of 9.5% then reduce to 9.3%, It would be great, if ICICI provides clear information about the process.
      Was this review helpful? 0
      , amritsar
      Reviewed on Feb 25, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is really good in term of everything, I applied car loan through this, I got an immediate response from the customer service and they gave me a clear picture about the process of the loan,They followed up with 15 to 20 calls and after applying with 24 hour they called me back and updated.
      Was this review helpful? 0
      , amritsar
      Reviewed on Feb 18, 2017
    • HDFC Bank Car Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      My car loan was with HDFC bank. The process was not good and it was not completed as per my requirement. What happened was that, I had salary slip pending that needs to be submitted And a letter from company letter head, it was ready but that executive is saying that manager is on leave,If he comes we will approve it.They said processing fee what they would charge around 3500/-
      Was this review helpful? 0
      , amritsar
      Reviewed on Feb 18, 2017
    • Union Bank of India Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My car loan process was great with union bank of India which was recommended by my friend. Within seven days of time they completed the formalities and disbursed the loan. Interest rate charged was 0.75% less comparing with other banks for the new car.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 05, 2016
    • Bank Bazaar Customer Support
      "Good"
      0.5 3.0/5 "Satisfactory"
      I found Bankbazaar website details through my friends suggestion. It is very comfortable to use the site and the required information are available on the site.The communication with the customer support was good and they gave the assistance with the preferred language.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 05, 2016
    • ICICI Bank Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My experience was good with ICICI bank and they responded quickly after applying for the car loan. But they delayed to follow up with the process Mean while I got the offer from other bank as my friend suggested so the plan was dropped with ICICI bank. Apart from that there is no issue with the bank.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 05, 2016
    • SBI Car Loan
      "Excellent "
      0.5 4.5/5 "Excellent!"
      It was very easy to get a car loan from SBI bank because, I hold an account with them. I got 70% of the loan approval. I visited the bank only three times to complete the formalities. They also arranged for the insurance too.Overall the process was very smooth.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 04, 2016
    • Bank Bazaar Customer Support
      "Excellent "
      0.5 4.5/5 "Excellent!"
      I use to receive promotional mails from Bankbazaar with the help of which I had applied for the loan. The site is very good to use and the required information is available. Comparing different rates on one site was good. Will recommend the site to others in future to use.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 04, 2016
    • ICICI Bank Car Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      Exclusive offers were provided by ICICI Bank, parellely I got the same offer based on my salaried account so I dropped the plan of taking the loan from ICICI bank. The customer service was great as they gave all the required information as well.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 04, 2016
    • Bank Bazaar Customer Support
      "Satisfied"
      0.5 4.0/5 "Great!"
      I am very much impressed with bankbazaar and its service. But it would be great, if the customer receives a call at his/her preferred timing. The response was prompt after my submission of details online. The website was good. It is user friendly.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jun 25, 2016
    • ICICI Bank Car Loan
      "Satisfied"
      0.5 3.0/5 "Satisfactory"
      I did not take the car loan from ICICI bank as the booking was taking more than six months. So I decided to buy a second hand vehicle. The response from the bank was good. It was on time. The rate of interest they offered me was around 9.85%. The processing charges was waived off.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jun 25, 2016
    • Bank Bazaar Customer Support
      "Needs to update the version in the portal"
      0.5 4.0/5 "Great!"
      Adhaar card verfication should be faster, eventhough internet speed is high, your application is a bit slow rest all is ok. I have just completed the loan registeration, I hope to get quick and best response from them further to get a approval at a faster rate . Great job done by bank bazaar team, keep doing the same.
      Was this review helpful? 0
      , amritsar
      Reviewed on May 08, 2016
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    Amritsar Car Loan is Rated as "Great!" by 48 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Amritsar is the largest city in the state of Punjab which is located in the north western part of India. The city is also known as Ramdaspur or Ambarsar.Amritsar is an important cultural, commercial and transportation center in Punjab.

    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 Amritsar Car Loan if you are

    01
    02
    03
    04
    Amritsar Car Loan Minimum Age

    At least 21 years old

    Amritsar Car Loan Maximum Age

    Less than 67 years old

    Amritsar Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Amritsar Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Amritsar Car Loan amount eligibility is based on these factors

    01
    02
    03
    Amritsar Car Loan Minimum Salary

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

    Amritsar Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Amritsar Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Amritsar Car Loan amount by these steps

    01
    02
    Amritsar Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Amritsar Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Amritsar 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

    Amritsar Car Loan Interest RatesUpdated on 30 May 2017

    Amritsar 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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