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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    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 Rs.2,500 Amazon voucher free Paperless approval option available
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    Eligibility Criteria
    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
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    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
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    Eligibility Criteria
    8.25% - 9% 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 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
    Rs.2,500 Amazon voucher free 100% financing on car value
    What you'll love
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    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
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    Eligibility Criteria
    13.50% - 15% 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 option available
    What you'll love
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.30% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
    What you'll love
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    Fees & Charges
    Good to Know
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  • Bangalore Car Loan Reviews

    • Bank Bazaar Customer Support
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar customer service was very supportive and helpful the customer service and the response with bank bazaar was good. The bank bazaar web site is easy to use and user friendly. I am satisfied using bank bazaar portal. I am satisfied using bank bazaar website
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      Response was good with the Axis bank for the car loan, which I have applied, also they are very good toward the service aspects. Customer service was also good with the Axis bank .In the mean time ,I have pose pond my plan But I had and idea of taking the loan for about eight lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • HDFC Bank Car Loan
      "Good services"
      0.5 4.0/5 "Great!"
      HDFC Bank has offered me a car loan and I am happy with the process. The bank had a simple documentation process and the loan was also disbursed on time to me. The interest rate and processing charges is normal and in all there are no hassles faced.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com have provided me an immediate solution, also am using it very recently. Service aspects are good, also they have given me the transparent view to know about the banking products.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      My experience was good one with the Axis bank for the car loan. Rate of interest was around 9%, also customer service was good one. The response was really an immediate one for me. Axis bank have provided around 5 lakh Rupees as principal amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Perfect service"
      0.5 4.0/5 "Great!"
      I have not seen the bank bazaar website before. Then, I just gone through with website and applied for the car loan , within a hour time I got the call from bank bazaar executive and explained me about the product. The transparency is ont the bank bazaar site. The website of bank bazaar is user friendly . I am satisfied using bank bazaar service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • ICICI Bank Car Loan
      "Perfect service"
      0.5 4.0/5 "Great!"
      It was a smooth process followed by ICICI bank in concern to my car loan. They have disbursed my loan amount in 10 days. The rate of interest is nominal with ICICI bank. The requested loan amount was not given due to their limitation but still I am satisfied with the loan amount as it has met my requirement.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It is good to choose bank bazaar to get any kind of financial product. After giving my requirement on the bank bazaar website I got an immediate response in a day's time from bank bazaar executive. Bank bazaar website is easy to use and user friendly. I am satisfied using bank bazaar web site.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank car loan process took around a month time for the disbursement . The required loan amount has been disbursed and I am happy about it. The rate of interest is nominal with HDFC bank. The service which was given by HDFC bank is excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Average service"
      0.5 2.5/5 "Just OK"
      I am getting the first product via bank bazaar that is my car loan. Through a friends referral I am aware of bank bazaar.It would be great if bank bazaar executive knows the customer requirement and forwards the same information to the bank partner. The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • HDFC Bank Car Loan
      "Average service"
      0.5 4.0/5 "Great!"
      It was a average experience in regards to my car loan with HDFFC bank. The customer support was fine with HDFC bank . They took around 10 days to disburse my car loan application. The required loan amount has beeen disbursed and I am satisfied with it. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Better service"
      0.5 4.0/5 "Great!"
      I was looking for the car loan in other portals and automatically I was directed to bank bazaar website. Then I have applied car loan with bank bazaar , I got the call in the next day. The customer support of bank bazaar helped me to get in touch with the partner bank. I am happy with the bank bazaar service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank Car loan was disbursed within 10 to 15 days of time. The delay was made by my end, so that was the reason the loan was disbursement took too much of time . Interest rate is high, when compared with others. I would say I got Good service from ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Once I visited their website, I found the website has got detailed information about the loan and it suggest the bank for the loan while I was browsing I got to know about bank bazaar and I got very prompt response from bankbazaar after applying all the details.The website is kind of easy to handle as well. I received proper followup calls and proper updates from bankbazaar
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • Axis Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I did not prefer to take the car loan from Axis bank as I have posponded my plan and later in future I will take car loan via net cash, I receive calls from axis bank employee regarding my car loan application I have told them clearly that Iam not interested in loan rite now, but inspite of that they where keep on calling me an disturbing me
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • HDFC Bank Car Loan
      "Good option to buy the new car"
      0.5 4.0/5 "Great!"
      I got the car loan with the HDFC bank and the interest rate was around 9.25%. The loan amount got disbursed within four to five days of time. Processing charges were nominal one for me. They have disbursed the maximum loan amount as capital amount for the cost of car.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Well done, The team of bankbazaar processed my information quickly and they kept following up too.The website is user friendly and self explanatory. They acknowledged my details immediately and verified my details.Bank Bazaar is good it is a user friendly site to use without any difficulties.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 08, 2017
    • HDFC Bank Car Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      The prime reason for not availing the car loan from HDFC bank, would be because Iam having a personal loan running and Services offered are very good with the HDFC bank and each and every person from the bank contacted me and provided a clear picture about the car loan process. But I have postponed the plan of taking the loan however I had an idea of opting for 5 lakhs loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 08, 2017
    • Bank Bazaar Customer Support
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      Bankbazaar was quick to contact me after I registered my details. They contacted me and processed the same to the bank. The website is good and very much user friendly. It would be better if the team is more proactive in the follow up calls till the end.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 2017
    • HDFC Bank Car Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      The services from HDFC Bank for the car loan has been good. Overall I had a good experience and the response has also been on time through the process. I was also comfortable with the rate of interest and processing charges and the after loan services has also been good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 2017
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    Bangalore Car Loan is Rated as "Great!" by 4421 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 20 Aug 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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