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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    Bangalore Car Loan

    We found 34 Bangalore 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
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    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
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    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
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    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
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    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
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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
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    Fees & Charges
    Good To Know
    Eligibility Criteria
    9% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
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    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
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    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
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    Perks
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    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
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    Perks
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    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
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  • Bangalore Car Loan Reviews

    • ICICI Bank Car Loan
      "Hassle free process"
      0.5 4.5/5 "Excellent!"
      ICICI interest rate is high for my new car because it was launched newly at the time, but for other car interest rate was good. ICICI sanctioned 100% of loan at on road value. Post process of my loan is excellent, my ECS is getting debited automatically.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • HDFC Bank Car Loan
      "Better "
      0.5 4.0/5 "Great!"
      I had made an inquiry with the HDFC bank to get the car loan and the rate of interest was good one with the HDFC bank, also the customer service worked in a better way. In future, I would like to go ahead with the HDFC bank , if I am in need of their assitance.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
    • Bank Bazaar Customer Support
      "Very good and customer friendly"
      0.5 4.0/5 "Great!"
      Experience is good with the Bankbazaar.com and am with them from the last three months of time. Website of the Bankbazaar.com is easy to access and the response is very good one with them and I have not found any issues with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
    • Axis Bank Car Loan
      "Best"
      0.5 4.0/5 "Great!"
      I do have some other personal reason and that's why I have not taken the car loan with the Axis bank. Customer service and other things are perfect with them. Rate of interest was around 9.7% and the customer service was fine one with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 26, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 4.0/5 "Great!"
      I got good response from Bank Bazaar when I reached them to check about car loan in their website, I got a better experience. Recently I started using Bank Bazaar website its good and convenient. I am very fine with Bank Bazaar service and response I received proper followup calls and emails as well
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Axis Bank Car Loan
      "RESPONSE SHOULD BE QUICK"
      0.5 3.0/5 "Satisfactory"
      Due to the rate of interest , I had not taken the car loan with the Axis bank they have set a high rate of interest when compare to other resources I had postponed my car loan plan for now and they have contacted me later after 2 days again, I had check some other source whether my application has been sent to the bank or not, later the next day I received a call from the bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 24, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com had done a great job for me, also they had given me lot of option to choose the best to dealt with the bankers. Website of the Bankbazaar.com is good and its easy to access. Response is an immediate one with the Bankbazaar.com.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • HDFC Bank Car Loan
      "Better "
      0.5 5.0/5 "Blown Away!"
      I had postponed the plan to get the car loan after some time, so I have cancelled the plan with the HDFC bank for car loan as of now. I am expecting a lower rate from them further I am also expecting them to provide 90% of value of the car as the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • HDFC Bank Car Loan
      "Hassle free to get a loan"
      0.5 5.0/5 "Blown Away!"
      I had been a long time customer of HDFC Bank and the services from them has always been on time and the process is also smooth and easy. I am fine about the rate of interest and processing charges for the car loan as it is nominal for me when compared to what the other banks offer.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Axis Bank Car Loan
      "Better "
      0.5 2.5/5 "Just OK"
      Due to rate of interest and less capitalization for the car, I had not taken the car loan with the Axis bank. Response was a fine one with the Axis bank. I would like to suggest that they need to provide the maximum capitalization for the car loan which is around 80% to 90%.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Perfect Service"
      0.5 5.0/5 "Blown Away!"
      I am very much satisfied with bankbazaar for the service that I received from them. I approached bankbazaar for the car loan process, they suggested me the bank based on my requirement also their website was helpful to choose the bank based on interest rate comparison wise.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Car Loan
      "Perfect Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan from Oriental Bank of Commerce. The whole process went good without any constrains at any point of time. The banker is perfectly good in providing the service for my car loan. I appreciate for their work and their effort. I am satisfied with the bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is an excellent site also it suggests couple of options, also I had got some other products through Bankbazaar.com itself before. I have not found any hassle with them till now. I am happy with the site Bankbazaar.com.....
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2017
    • TVS Credit Services Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      14.5% to 14.7% was the rate of interest for my car loan with the TVS credit services. Customer service was awesome and they have taken the time due to myself regarding the documentation issues. Processing charges were nil with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2017
    • Bank Bazaar Customer Support
      "Good customer relevant option"
      0.5 5.0/5 "Blown Away!"
      Experience with the Bankbazaar.com is really good and the response , follow up are the major factors with them , which made me to like it. Option are good with the Bankbazaar.com and I came to know about it through advertisement. I am happy with Bankbazaar.com.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 19, 2017
    • ICICI Bank Car Loan
      "Could be more careful"
      0.5 2.0/5 "Expected more"
      Experience was good one with the ICICI bank for the car loan but there were some issues with the rate of interest negotiation. Customer service was really good with them and there were no worries with them and the response was an immediate one. Finally , I got the rate of interest as 9.45%, though lot of negotiation happened.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • SBI Car Loan
      "Satisfied service"
      0.5 4.5/5 "Excellent!"
      I had a car loan experience with SBI. I bought the loan a year ago. They have disbursed my car loan within 6 to 7 days. Which is very quick and fast. The rate of interest is nominal with Sbi car loan department. I am happy with the loan amount they have provided. Overall it is a satisfied service with SBI.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "User interface"
      0.5 3.0/5 "Satisfactory"
      With the help social medias, I came to know about bankbazaar.com. This is my first experience I got with bank bazaar. It would be great if the bank bazaar web portal improvise in future. Overall the service is really good with the customer support and the response.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • Dena Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Dena bank took 4 to 5 working days for them to recongnize my loan application. After that they were asking for some documents to complete the verification process, but I did not find the car quotation at that moment, where it made me to end the loan process. Perhaps, they might take another 2 months to process the loan completely.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • SBI Car Loan
      "Sarkari bank"
      0.5 3.5/5 "Pretty good"
      I had taken the car loan from the State bank of India because of the additional perks like nil foreclosure charges and nil part payment charges. It took around two weeks of time to get the loan disbursement. They had provided the funds and it was as per my convenience also they have provided me a longer tenure too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
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    Bangalore Car Loan is Rated as "Great!" by 4064 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Bangalore also known as Bengaluru, is the capital of the Indian state of Karnataka. It is India's third-largest city.In recent years, Bangalore propelled to be the forefront of the high-tech industry boom in India, and it currently ranks as India's most developed city and one of the world's fastest growing urban areas.

    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 Bangalore Car Loan if you are

    01
    02
    03
    04
    Bangalore Car Loan Minimum Age

    At least 21 years old

    Bangalore Car Loan Maximum Age

    Less than 67 years old

    Bangalore Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Bangalore Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Bangalore Car Loan amount eligibility is based on these factors

    01
    02
    03
    Bangalore Car Loan Minimum Salary

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

    Bangalore Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Bangalore Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Bangalore Car Loan amount by these steps

    01
    02
    Bangalore Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Bangalore Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Bangalore 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

    Bangalore Car Loan Interest RatesUpdated on 29 May 2017

    Bangalore 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 in Bangalore

    Owning a car is a style statement these days and every second person belonging to the urban population feels that having a car of their choice is now a necessity. In accordance to this growing need, Indian banks have been competing with each other to provide the best car loans at the most affordable cost with a whole bundle of benefits. Car dealers have been teaming up with insurance companies to provide package car deals as this is the much selected option amongst the young population. Owning a car in Bangalore is not a great hassle. Select the model of the car, get the quote from a dealer, apply for a car loan and buy the car of your choice. Simple!

    Top banks providing car loans in Bangalore

    Based on this demand, leading Indian banks have their presence in Bangalore providing competitive car loan schemes at excellent interest rates, low monthly installments and higher loan amount eligibility. The top banks that offer the best car loan interest rates in Bangalore are as follows -

    HDFC Bank car loan – HDFC offers excellent interest rates on car loans in Bangalore. The rates range from 10.75% to 12.50% per annum with HDFC offering car loans with one of the fastest processing procedures in the city.

    State Bank of India car loan – As one of the oldest banking institutions in India, State Bank of India offers the lowest interest rate on car loans in Bangalore with different interest rates for men and women. The bank charges 10.45% per annum for men and 10.40% per annum for women.

    Bank of Baroda car loan – Bank of Baroda provides car loans at an interest rate of 10.50% per annum irrespective of the loan tenure in Bangalore. The car loan scheme from Bank of Baroda also features the unique option of including the facility for installation of CNG / LPG gas kits in new cars.

    Canara Bank car loan – Canara Mobile from Canara Bank is an affordable car loan scheme with excellent benefits, including an interest rate of just 10.70% per annum.

    Corporation Bank car loan - In Bangalore, Corporation Bank offers car loans with two interest rates – 10.75% for new car loan amounts up to Rs 50 Lakhs and 11.25% for new car loan amounts above Rs 50 lakhs.

    Kotak Mahindra car loan – Kotak Mahindra Bank finances up to 90% of the ex- showroom price of the purchased car with flexible payment options at an interest rate of 11.50% to 13.50% per annum.

    Axis Bank car loan – Axis Bank offers cost-effective and flexible car loan schemes in Bangalore at an interest rate of 11.50% per annum.

    ICICI Bank car loan – ICICI bank provides car loans in Bangalore with different interest rates for different loan tenures. For a loan tenure up to 23 months, the interest rates are 12.75% to 15.00% per annum. For loan tenures ranging from 24 to 35 months, the interest rates are 12.20% to 14.50% per annum and 10.75% to 12.50% per annum for loan tenures ranging from 36 months to 84 months.

    Bank of India car loan – Bank of India offers car loans in Bangalore at an attractive interest rate of 10.65% per annum. The Bank of India Star Vehicle loan scheme comes with a whole bundle of add-on benefits and features.

    Federal Bank car loan – Federal bank provides car loans with fixed and floating interest rates. The floating rates that apply are calculated as base rate plus 0.70% to 2.05%. The fixed interest rate is 0.25% above the floating interest rate.

    Age criteria for availing a car loan in Bangalore

    Any salaried individual looking to avail a car loan in Bangalore should be 25 years and above at the time of application. Additionally at the time of maturity of the car loan, the individual’s age should not be more than 58 years.

    For self-employed professionals, partnership firms, private and public limited companies, any partner, proprietor or professional should be 28 years while applying for the car loan and 65 years at the time of maturity. Limited companies should have established themselves in Bangalore for atleast three years.

    Income criteria for car loans in Bangalore

    Salaried professionals should have a gross annual income of Rs 4 lakhs with a total employment stability of more than two years, with one year in their current organization for qualifying for car loans in Bangalore.

    Businessmen need to have three years of stable work establishment with a gross annual income of atleast Rs 2.5 lakhs. Partnership firms and public/private limited companies should show a minimum profit of Rs 2.5 lakhs to be eligible for a car loan.

    Documents required for a car loan in Bangalore

    The documents that an individual requires to submit while applying for a car loan in Bangalore are as follows:

    As proof of identity the mentioned documents are accepted - Passport copy, PAN card, driving license and voter’s ID card.

    As address proof, these are the documents that need to be submitted – Driving license, ration card, Voter’s card, passport copy, electricity bill, telephone bill, life insurance policy and PAN card.

    The last six months bank account statements and proofs for verification of signature also need to be submitted by the applicants.

    Proof of Income

    While applying for a car loan on Bangalore, salaried professionals need to submit their latest pay slips along with the last two years Form 16 and income tax returns documents.

    Self-employed professionals have to submit their income tax returns filed for the previous two years as proof of their income.

    Partnership firms, societies and corporate companies have to also submit their income tax returns filed for the previous two years along with their financial and audit reports as income proofs.

    Check For Latest: Gold Rate in Bangalore Or Silver Rate in Bangalore
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