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

    We found 34 Bangalore Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.5% - 10% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria
    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free 100% financing on car value
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    12% - 15.5% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    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
    Good to Know
    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
     Loading your search... Loading your search...
  • Bangalore Car Loan is Rated as "Great!" by 5098 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Bangalore Car Loan

    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 25 Nov 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

    Bangalore Car Loan Reviews

    • SBI Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      It was a great experience taking a car loan with SBI, the loan amount was for for Rs 5.4 lakhs with the rate of interest of 8.85% which was the best rate in the market. The process was quite smooth ans easy, it took 4-5 days for the loan amount to get approved. Customer service was good, they provided door step service to collect the documents. My car loan was approved based on the on road price.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a awesome experience from axis for my car loan service they took only one day to process the loan request. The customer service was amazing they fulfilled my requirements as I expected I got a loan amount of 9 lakhs and the interest rate they quoted me was superb compare to others in the market.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      When I was googling for my car loan got to know about the service of Bankbazaar.com the service was very good I applied with Bankbazaar.com website which was easy to use and the customer service was good it was a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Sundaram Finance Car Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      It was a fine experience with sundaram for my car loan service the process was was very slow they took very long time to process also the interest rate they quote me was 9.54 which was high compare to others in the market it was good service from sundaram for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I applied with Bankbazaar.com website which was easy to use and user friendly it was been two years I came to know about the service of Bankbazaar.com the customer service was awesome it was a awesome experience with Bankbazaar.com for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good service from axis for my car loan service the interest rate they quoted me was little high compare to others in the market. The customer service was good with axis bank service it was totally a wonderful experience with axis for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have known Bankbazaar from the on start and being a long time customer the services has always been satisfactory. They are responsive and supportive when ever I place a query. The website is also good and clear with the details of the banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      The service was good with axis for my car loan service the interest rate they offered me was 9 % which was high compare to other banks in the market it was the main reasons for the cancellation of my loan process the customer service was prompt it was a nice experience with axis for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was been two years I know about the service of Bankbazaar.com I applied with Bankbazaar.com website which was easy to use with lot of options and the customer service was prompt it was a good experience with Bankbazaar.com for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Sundaram Finance Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a fine experience with sundaram for my car loan service ,I have some personal reasons so I was unable to process further with my loan process so I postponed my loan request for next year the interest rate they quoted me was also good compare to others in the market it was totally a good service from sundaram car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a super fast service from Bankbazaar.com the response was immediate from Bankbazaar.com I applied with Bankbazaar.com application which was easy to use it was been I know about the service of Bankbazaar.com this is the first time I am using the service it was totally a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      AXIS car loan service was good the customer service was good the interest rate they offered me was 10 % which was comfortable for me ,I had some personal issues so I was unable to process further so I postponed the plan temporarily it was totally a good experience with axis for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with ICICI bank through online channel. The representative called me and discussed about the interest rate, charges and pre closure terms. I am not satisfied with those options because they are charging more interest rate so I have chosen SBI for my car loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Karnataka Bank Car Loan
      "Very Good bank"
      0.5 5.0/5 "Blown Away!"
      I have closed the car loan with the Karnataka bank limited and the customer service is very good one. I would like to say that the online banking services are really an excellent one with the Karnataka bank limited.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 23, 2017
    • HDFC Bank Car Loan
      "Car loan"
      0.5 5.0/5 "Blown Away!"
      It was a kind of pre approved car loan, hence the process was entirely different with HDFC Bank when it comes to car loan. The bank was not in need of any documents, the bank took hardly 3 minutes and immediately the amount was transferred to my account the next minute. Interest rate was 11.25% though I am not happy i am in need of money and therefore I had accepted the same. Foreclosure is allowed after one year and I guess the charge applicable was rs 2000 and they have deducted 1% as the charge.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Axis Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      My car loan was taken with Axis Bank before 1.5 years. They have given proper response. The executive came to my place to collect the documents. They had offered me 3.2L with a duration of 3 years. The rate of interest is nominal like other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Bank Bazaar Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with bankbazaar so far, the services provided by bankbazaaar is good when compared to all other sources in the market. I know bankbazaar.com from last 1.5 years and i came to know through google. Customer service from bankbazaar was good and their response was prompt. The website is easy to access and is user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Sundaram Finance Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Sundaram Finance, my loan application was closed because i have taken the car through cash payment. When it comes to customer service, it was good and their response was also good, regular follow ups was done. The rate of interest is littile high when compared to other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Bank Bazaar Car Loan
      "Overall good. Can provide more options"
      0.5 3.0/5 "Satisfactory"
      The overall experience is good at Bankbazaar. I suggest that they come out with other options for the clients. In case one or other banks is not suitable he can choose another option. If a person is applying for something it means he needs it and is wanting a immediate solution for it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • HDFC Bank Car Loan
      "Unhappy with the services. "
      0.5 1.0/5 "Really Bad"
      HDFC Bank has not been up to the mark on the car loan application. They contacted me and asked for the documents. I informed them that since it is a new account I only have the last three months pay slip. They said they would send the executive to collect the same and that never happened. I also received an email later that the loan was declined.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.