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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Bankbazaar Car Loan Eligibility

We found 28 Car Loan Eligibility
Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
8.85% - 11.60% Fixed
Up to ₹4,720 One time fee
1L Min
1-7 Years
Response Time : Within 30 minutes
Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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8.60% - 11.50% Fixed
Up to ₹5,500
1L Min
1-7 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
13.50% - 14.50% Floating
2% One time fee
1.5L - 25L
1-7 Years
Response Time : Within 30 minutes
Rs.2,500 Amazon Voucher 100% financing on car value
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Eligibility Criteria
12.75% - 15.50% Fixed
Up to ₹5,310 One time fee
75K Min
1-7 Years
Response Time : Within 30 minutes
Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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16% Floating
1% One time fee
50K - 15L
1-4 Years
Response Time : Within 30 minutes
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Eligibility Criteria
12% - 13% Fixed
1% One time fee
50K - 10L
1-4 Years
Response Time : Within 30 minutes
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Eligibility Criteria
8.95% - 13.40% Fixed
Up to ₹ 5,000 One time fee
1L Min
1-7 Years
Response Time : Within 30 minutes
Rs.2,500 Amazon Voucher
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9.15% Floating
575 One time fee
1L - 2Crs
1-7 Years
Response Time : Within 30 minutes
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Eligibility Criteria
11.50% Floating
575 One time fee
1L Min
1-3 Years
Response Time : Within 30 minutes
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9.05% Floating
575 One time fee
1L - 2Crs
1-7 Years
Response Time : Within 30 minutes
SPECIAL OFFER FOR WOMEN
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9.55% Floating
0.5% (min. ₹575)
1L Min
1-7 Years
Response Time : Within 30 minutes
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12.05% - 12.25% Fixed
0
1L to 15L
1-6 Years
Response Time : Within 30 minutes
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  • Car Loan Eligibility is Rated as "Excellent!" by 34984 Users

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    Car Loan Eligibility

    Buying a car is a dream for the average middle-class Indian. With the advent of paperless loans, it is now possible to buy a car that is financed through a car loan. The car loan eligibility criteria vary from bank to bank.

    Car Loan Eligibility Particulars Details
    Minimum Age 18 years
    Maximum age 60 Years for salaried & 65 years for self-employed and businessmen
    Monthly income of loan applicant Rs.10,000 per month
    Pre-existing EMI amount Depends on loan amount, loan tenure, and interest rate
    Country/Place of residence India Rural/semi-urban/urban
    Stability in residence At least 1-year stay at present residence
    Car manufacturer Any approved Indian or foreign car manufacturer
    Car model Any approved car model
    Type of employment Salaried or self
    Date of birth Applicant’s age should be at least 18 years and not more than 75 years
    Type of residence Any approved residence with a good parking space inside or outside the house

    Car loans are advances made by banks and other auto-finance companies to financially enable borrowers to purchase a car for private or commercial use.

    In today’s world, a car can come in handy in a number of different situations. Not only does it help in commuting from one place to another, it also is a lot safer to travel in when compared to a two-wheeler. There are some who purchase a car to raise their status in society while others have a more practical reason for their purchase. Either way, a car comes with its own features and benefits. A number of car dealers and financers have developed new schemes to help individuals make their dreams of owning a car come true. There are a various banks and lenders who have developed new and lucrative car loan products to aid new car owners. These products are generally offered at low interest rates to make them affordable for all divisions of society. Each one of these banks and financiers have a pre-set eligibility criteria. These criteria may range from one lender to another.

    Car Loan Eligibility differs based on the criteria set by the lender taking into account the borrower’s profile.


    Car Loan Eligibility Calculator

    A Car Loan Eligibility Calculator is a tool used to determine the car loan amount that a person can apply for with a bank. The eligibility calculator can help an individual get a preview of the percentage of the maximum loan amount that can be sanctioned by the bank. The maximum loan amount and tenure of the loan vary depending on whether the car is new or used, value of the car, and the maximum EMI that the applicant can pay. The car loan amount sanctioned by a banking institution also depends on the loan tenure opted for and the monthly income of the loan applicant.

    An individual will have to provide a few basic details such as:

    • The monthly income of the applicant
    • Pre-existing EMI amount
    • Country/place of residence
    • Car manufacturer
    • Date of birth
    • Car model
    • Type of employment
    • Annual Income
    • Type of residence

    With a Car Loan Eligibility Calculator, an individual can compare car loan amounts and tenures offered by various banks. Once an individual selects either the “New Car or Used Car” options, they would have to input their monthly income and the EMI amount on any existing loan amount.

    Car Loan Eligibility for Salaried Individuals

    A number of these lenders offer lucrative car loan schemes to salaried individuals. With a steady income, these individuals are more likely to repay their car loan without any hiccups. Depending on the type of car loan that’s available, banks and financiers have different conditions and criteria that an individual would have to meet. A salaried individual should earn more than Rs.2 lakh per annum to be eligible for most car loans. These individuals will be eligible to avail a car loan ranging between Rs.6 lakh and Rs.7 lakh at an affordable rate of interest. Salaried individuals who earn an annual salary that’s mentioned will be entitled to receive a higher car loan amount.

    A car loan is sanctioned to an individual after he/she has submitted their salary slips along with their PAN card information. In some cases, financial firms or banks will require a copy of the applicant’s income tax returns which were paid by the applicant in the previous financial year. Other requirements may include the type of work that they are involved in. The lender will want to ensure that the applicant has a stable job to ensure that the applicant has a steady income coming in during the tenure of the car loan. The applicant will also have to provide a PAT (Profit After Tax) if they work in a private firm or company. The minimum PAT should be over Rs.2 lakh. The business of the company or firm that the applicant is working for must show stability for more than 3 years.

    In today’s times, banks and lenders have made it easy for an individual to apply for a car loan. With vehicle financing being made readily available online, people can upload their documents and have a car loan sanctioned in no time at all. Auto dealers help their customers finance their vehicles by providing all necessary information that a person would require. Extensive research can help a person zone in on a car loan scheme that best suits their needs and requirements. An individual who’s looking for a car loan option can also visit a financial website like BankBazaar to search and compare car loans offered by various banks to help them choose a suitable car loan.

    Pre-approved Car Loans for Salaried Employees

    Applicants who have a salary account with certain banks can get pre-approved loans if they are employed at any of the following organisations:

    • Multinational Corporations (MNCs).
    • Public Limited and Private Limited Companies.
    • Permanent employees of any Public Sector Undertakings (PSUs).
    • Permanent employees of the State or Central Government.
    • Permanent employees of reputed educational institutions like schools or colleges.

    If you apply for a car loan at a bank that you have been currently banking with, then you not only have better chances of loan approval but also get the added benefit of minimum paperwork.

    Apply for Car Loan Online

    Car Loan Eligibility Criteria for a Used Car Loan

    With the used car market steadily growing in India, banks and lenders have realised that affordable and lucrative car loan options would bear fruit in the auto market. Lenders have realised this and have started introducing used car loan products into the auto market to cater to the needs and requirements of the people. In today’s times, car owners change cars every few years which has resulted in a number of used cars entering the market. A buyer can either purchase a used car from the original owner directly or they can purchase their car from a certified dealer. Banks have been quite flexible in offering customisation options which customers can avail on their used car loans. An individual is eligible for a used car loan option if they meet the following criteria:

    • The borrower (if he/she is a salaried individual) should earn a minimum annual salary of Rs.3 lakhs and should also be employed for a minimum term of two years while working with the current employer for at least one year.
    • The borrower (if he/she is a self-employed individual) should earn a minimum annual income of Rs.2 lakhs and should be involved in business for a minimum period of 3 years.
    • A potential used car loan applicant will have to submit the following documents to have their application approved:
      • Proof of Identity: A borrower can submit their PAN Card, passport, driving licence or any other document that has been issued by the government.
      • Proof of Age: The borrower's age should be more than 21 years to avail a used car loan. The borrower can provide a relevant document that has been authorised by a legal authority for proof of age. Documents like ration card, driving license, voters card, passport, school leaving certificate, etc. are accepted.
      • Proof of Income: Salaried individuals can submit their ITR/Form-16/Salary Slips as a proof of income. Self-employed individuals can submit their balance sheets or ITRs. P&L accounts can also be submitted.
      • Proof of Address: A borrower can submit their driving license, ration card, voters card, school leaving certificate, passport etc.
      • Other documents that will be required are a signature verification proof and 2 passport photographs.

    Guide to Choosing the right Car Loan

    Choosing the right car loan can be a tedious job requiring a lot of research and time. But if a borrower does their research on car loans offered by various banks and lenders, he/she can save a lot of money when choosing their car loan. With an increase in consumer needs, car makers have launched a number of new products that come with attractive features. A good car loan can help a potential car owner realise their dream of owning their own four-wheeler. Some of the important points that a borrower will have to keep in mind are:

    • The borrower should do their research to ensure that they choose the right car loan option that best suits their needs and requirements. Various banks offer car loans and charge different interest rates. It is therefore advisable that a borrower compares car loans offered by different banks.
    • The borrower should use a car loan EMI Calculator to assess their finances during the tenure of the loan. Banking sites like the official website of BankBazaar offers a comprehensive EMI Calculator that can be used any number of times to determine the EMI that needs to be paid on a car loan.
    • It is very important for borrower to stick to his/her budget to determine their repayment capability. It is advisable that the borrower should finalize on a car that best suits their budget.
    • The borrower should consider the additional charges and fees which are levied on a car loan.
    • The borrower should ensure that they are aware of the rate of interest that's levied on a car loan. A lower interest rate would indicate that the EMIs that are paid towards a car loan would also be low. However, a lower interest rate that's offered on a car loan signifies that a few features or services would not be available with the car loan.

    In summary, a lot goes into the whole process of selecting and applying for a car loan with a bank or lender. A borrower will spend a good deal of time in ensuring that the car loan that has been sanctioned is repaid with interest. A car loan can be a very handy tool to possess and people who wish to purchase a new car can do so with the help of a car loan that's sanctioned by a reliable bank or lender.

    How to Apply for Car Loan Online?

    Nowadays, it is easy to apply for a car loan from the comfort of your home or office. All you have to do is visit the bank website, download the application form, fill it up and submit it along with the necessary documents. You can also visit the nearest bank branch to submit the application form and get the guidance of a bank executive on the car loan application process.

    Documents Required for a Car Loan

    To apply for a car loan, you are required to submit identity proof, age proof, income proof, and address proof along with a duly-filled and signed application form to the bank or NBFC. You can submit the following documents as necessary proofs to support your car loan application:

    • ID proof - PAN Card, Aadhaar Card, Passport, Driving Licence, and Voter’s ID Card.
    • Age Proof - Birth certificate and 10th or 12th school certificate.
    • Application form - Download from the bank website, fill it up and sign it before submitting.
    • Photograph - Recently taken passport-size photographs.
    • Address proof - Ration card and utility bills like telephone and electricity bills.
    • Income proof - The latest salary slip, the last 3 months’ bank statement, and Form 16.

    The bank will verify the documents and details furnished by you. It will process your car loan application and upon approval, disburse the loan amount to your bank account within a few hours.

    Car Loan Eligibility - Factors

    • Income levels: Higher the income better the chances for a higher loan amount
    • Income regularity: Regular income improves chances for loan approval
    • Kind of Car: New cars are more easily financed than used cars; a high-end model will be expensive which means the borrower has to be able to pay the portion not funded by the loan (LTV ratio)
    • Longer tenors will enhance repayment capacity

    Are You Eligible for Car Loan?

    A multitude of options makes it difficult for borrowers to gauge their car loan eligibility from each lender.

    Bank Bazaar resolves this issue by allowing users to input their background information in a user-friendly way for instant quotes.

    The results are displayed in a convenient manner so as to facilitate easy comparison of car loan offers from different lenders.

    Once users choose the offer of choice they can apply for the same availing unique deals offered by Bank Bazaar through partner collaborations.

    Car Loan Eligibility and CIBIL Score

    Some of the important factors that play a major role in determining a person’s car loan eligibility are as follows:

    • The EMI amount that you can pay without hindering any daily household duties or expenses, EMI amount that you pay on an existing loan, etc.
    • Car loan tenure also plays an important role
    • A CIBIL score of 750 and above is considered a good score as this increase your chances of having the loan amount sanctioned.

    Car Loan Eligibility for SBI, Axis Bank and HDFC Bank

    SBI Bank

    If an individual intends on applying for a car loan with SBI Bank, he/she should be aged between 21 to 65 years. The individual should belong to any one of the following categories mentioned below:

    SBI Bank Car Loan Eligibility Criteria
    Category Annual Income Maximum Loan Amount
    • Regular employee of a reputed establishment
    • Private Sector
    • The Central/State Government Public Sector Undertaking
    Net Annual Income should be greater than Rs.3 lakh Net Monthly Income times 48
    • Self-employed individuals
    • Professionals
    • Partnership/Proprietary firms that are income tax assesses
    • Businessmen in various fields
    Gross Taxable or Net Profit income of over Rs.4 lakh p.a. Gross Taxable Income or Net Profit times 4
    • Individuals who are engaged in allied and agricultural activities
    Net Annual Income of the applicant should be greater than Rs.4 lakh Net Annual Income times 3

    Axis Bank

    If an individual applying for a car loan from Axis Bank is a salaried applicant, he/she should be aged between 21 to 70 years. If the applicant is self-employed, the applicant should be aged between 18 and 75 years. The eligibility criteria for Axis Bank:

    Axis Bank Car Loan Eligibility Criteria
    Category Self-Employed Individual Salaried Self-Employed Non-Individual
    Income Rs.1.8 lakh p.a. for standard and premium cars Rs.2.4 lakh p.a. for standard and premium cars Rs.1.8 lakh p.a. for standard and premium cars
    Income Proof Latest ITR Form 16 and latest salary slip ITRs for the past 2 years, computation of income, and audited financials of 2 years
    Job Stability Minimum of 3 years with the same employer Minimum of 1 year of employment in the same stream of business Minimum of 3 years of employment in the same stream of business

    HDFC Bank

    If an individual applying for a car loan from HDFC Bank is a salaried applicant, he/she should be aged between 21 to 60 years. If the applicant is self-employed, the applicant should be aged between 21 and 65 years. The eligibility criteria for HDFC Bank:

    HDFC Bank Car loan Eligibility Criteria
    Category Self-Employed Individual Salaried Self-Employed Non-Individual
    Income Rs.60,000 p.a. for standard cars and Rs.1 lakh p.a. for mid-sized and premium vehicles Minimum annual income of Rs.1.8 lakh which includes the income of a spouse or co-applicant Rs.60,000 p.a. for standard cars and Rs.1.5 lakh p.a. for car loans
    Income Proof Latest ITR Form 16 and salary slips ITRs for the past 2 years, computation of income, and audited financials of 2 years
    Job Stability Should be in the business for a minimum of 2 years Minimum employment of 2 years and a minimum of 1 year employed with current employer Minimum of Rs.2.5 lakh p.a. turnover

    Documents Required for Salaried and Self-Employed Car Loan Applicants

    State Bank of India (SBI) Car Loans

    Document Required for State Bank of India (SBI) Car Loans
    For salaried For self-employed
    Car loan application form along with photograph, proof of identity, proof of residential address, most recent salary slips, Form 16, and bank statement for proof of income Car loan application form along with photograph, proof of identity, proof of residential address, most recent Income Tax Returns, and bank statement for proof of income

    Axis Bank Car Loans

    Document Required for Axis Bank Car Loans
    For salaried For self-employed
    Car loan application form along with photograph, proof of identity, proof of age, proof of residential address, most recent salary slips, Form 16, and bank statement for proof of income Car loan application form along with photograph, proof of identity, proof of residential address, most recent Income Tax Returns, and bank statement for proof of income

    HDFC Bank Car Loans

    Document Required for HDFC Bank Car Loans
    For salaried For self-employed
    Car loan application form along with photograph, proof of identity, proof of age, proof of residential address, most recent salary slips, Form 16, and bank statement for the last 6 months Car loan application form along with photograph, proof of identity, proof of residential address, most recent Income Tax Returns, bank statement for the last 6 months, audited balance sheet, profit and loss account

    Perfect Car Loan Deals for you

    Car Loan Documentation:

    Documents required to support car loan applications can vary depending on the lender.

    Documents commonly required are:


    • Proof of employment: Appointment letter/ Employer’s certificate/ Business establishment documents like MOA or partnership deed etc. (depending on the type of employment)
    • Proof of income: In the form of latest Salary slips/ Bank Statements/Audited Statements of Accounts (depending on the type of employment) (salaried/self-employed)
    • Proof of tax paid: Form 16 or ITR forms (depending on the t.ype of employment)
    • Proof of age: Driving License/ Passport Copy/ Voter’s ID
    • Proof of address: Passport copy/ Voter’s ID/ Rental agreement/ Property Deed/ Water or Electricity or Landline or Gas Bill
    • Processing fee cheque and photographs

    Outlook Articles on Car Loan 2018

    • Top 10 Banks for Car Loan in India 2018

      Cars are not a luxury anymore - they have become a necessity in today’s era. However, purchasing a car is an expensive feat. There are many banks and non-banking financing companies in India that offer car loans to help customers realise their dream of purchasing a car that can suit their specific requirement. Car loans are gaining popularity within the country since they provide borrowers the flexibility to pay for the car through equal monthly installments (EMIs) over a predetermined period of time. Due to the rising demand for car loans and paperless transactions gaining popularity, the banks are striving to improve their services by offering quick loan processing and approvals. Therefore, customers can gain access to funds for the purchase of a new or old car in no time attributing to the fast loan disbursals offered by the banks. If you want to apply for a car loan but can’t decide which bank or NBFC to approach, you can check out the list of the top 10 banks for car loans in India for 2018. This will not only help you select the best plan according to your requirement, but will also aid you in finding the best deal out of all the options available. Read More...

    • Upcoming Car Launches in India 2018

      Planning to a buy a new car in this year? Whether you want to purchase a car with a petrol or diesel-powered engine, a number of new hatchbacks, sedans, and SUVs are going to make way to the Indian market in 2018. With car manufacturing giants such as TATA, Toyota, Maruti, Hyundai, and Honda planning to launch their products sporting the state-of-the-art technologies, the Indian customers will be spoilt for choice. Numerous popular cars such as Hyundai Creta, Maruti Swift, Honda Civic, etc. will re-enter the market featuring various updates in terms of interior and exterior to keep up with latest trends in the industry and attract more customers. As the government is urging the customers in India to opt for electric vehicles that can help the buyer save money while taking care of the environment, many car manufacturers are planning to introduce their electric products to meet the rising demand for electric vehicles. While 2018 is foreseen to be an exciting year for the automobile industry in India, it might become quite overwhelming for the prospective car buyer to choose the right car out of all the options available. BankBazaar has compiled a list of the upcoming cars in India for 2018 in order to help customers check out the features of the vehicles that are going to venture the Indian market and choose their new favourite. Read More...

    • Repayment Options for Car Loans

      It is becoming increasing easy for customers to apply for a car loan these days. Since most of the banks and non-banking financing companies offer prospective buyers the option to apply for a loan from the comfort of their homes and provide prompt loan approval and disbursal of the funds, car loans have become the new norm when it comes to financing a car purchase. When you opt for a car loan in order to receive financial aid while making a car purchase, the biggest concern that you might have is the repayment of the loan. While there are a few methods that the borrower can repay a loan, it is important to know the pros and cons of each of these techniques to be able to choose the best plan according to one’s circumstances and avoid any future surprises. Read further to learn about the various repayment options of a loan and make an informed decision by selecting the one that best suits your situation. You can also learn how you can calculate the repayment schedule of your loan using a car loan EMI calculator. Read More...

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    Car Loan Eligibility Reviews

    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am holding my car loan with ICICI bank, the rate of interest they have charged me was nominal for me, and even Emi they are taking in month nominal only and they have not charged any processing fee and loan amount was sufficient,there are no hidden charges in this loan ,overall service rendered by them was really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 15, 2018
    • State Bank of Mysore Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the car loan with the STATE BANK OF MYSORE where the process is easy and simple to get the car loan for the new car. They have offered with the 10% of rate of interest with this bank which is satisfactory with this bank. I have cleared this loan and it is with good experience.
      Was this review helpful? 5
      , bangalore
      Reviewed on Dec 14, 2018
    • HDFC Bank Car Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I have taken the used car loan with the HDFC BANK where the service is not that much satisfied added on that i have applied for the car loan which is for the used car. The rate of interest what they charges is 14% which is higher than others.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 14, 2018
    • HDFC Bank Car Loan
      "Happy with the services"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan as well with HDFC Bank. The customer support and response is good. The loan amount is of five lakhs. The rate of interest and processing charges are normal too. The after loan services are also satisfactory. In all I am happy to bank with them.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 13, 2018
    • ICICI Bank Car Loan
      "Good car loan with ICICI"
      0.5 5.0/5 "Blown Away!"
      I bought my car loan around April. I have got the loan amount of Rs. 10 lakhs. The documentation process was very easy. The total tenure period of the loan is 10 years. I have been paying the EMI of Rs. 15000. Within a week i have received the car loan. I make the payment through ECS.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 13, 2018
    • review Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Reliance capital limited from past one year, the rate of interest they have charged me was nominal and they have charged me processing fee or not i have no idea, the loan amount they have given me was sufficient according to the car price i got my loan, overall service is good.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 12, 2018
    • Bank of India Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Bank of India, the loan amount they have given me was sufficient, they have charged nominal rate of interest and even processing fee is also nominal, so far there service is have experience was good, they have not taken any hidden charges ,there overall service is good.
      Was this review helpful? 3
      , bhubaneshwar
      Reviewed on Dec 12, 2018
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied my car loan with ICICI bank recently, i have been using this loan from past 5-6 months only, and i took my car three years back only but loan i have took recently, and the loan amount they have given me was sufficient , and the rate of interest they have charged me was nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 12, 2018
    • SBI Car Loan
      "Good Financial service"
      0.5 4.5/5 "Excellent!"
      I have taken car loan from the state bank of India . They have give good rate of interest and am happy with it . They took only 1 week for the approval and documentation . There charges some nominal amount for processing fees . Overall am satisfied with my car loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 12, 2018
    • SBI Car Loan
      "GOOD BANKING"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the STATE BANK OF INDIA where the process is very quick and very fast process. The loan amount is satisfactory also the rate of interest is 8.75% also there is a pre closer charges applicable and 5 years to repay the loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 12, 2018
    • HDFC Bank Car Loan
      "Good loan services"
      0.5 5.0/5 "Blown Away!"
      Probably they are charging 18% as a interest rate, I have purchased the car loan by last year. The loan amount was more than Rs. 3 lakhs. There is some processing fee. The dealer has done all the documentation process. I have got the loan in a couple of days. I have been paying the EMI of Rs. 6100. Total tenure period of the loan is 7 years.
      Was this review helpful? 2
      , guwahati
      Reviewed on Dec 12, 2018
    • SBI Car Loan
      "Nice loan from SBI"
      0.5 3.5/5 "Pretty good"
      I have purchased the car loan from SBI. The details given about the car loan was good. I have taken the loan amount of Rs. 2.5 lakhs. They have provided me a interest rate of 9% and there was some processing fee. I have been paying the EMI of Rs. 5700 and I'm making the payment through ECS.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 11, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my experience was good, it was a new car and the loan amount was for Rs 7.6 lacs with nominal interest rate when compared to others. Customer service was good and the tenure period is 5 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 11, 2018
    • ICICI Bank Car Loan
      "Very Easy process"
      0.5 5.0/5 "Blown Away!"
      ICICI bank provides the best banking solutions. 1 year i have purchased the care loan. I got the loan amount of Rs. 4.50 lakhs. Within 3 days, i have received the loan amount. I pay the premium amount of Rs. 30500 and i have chosen the tenure period of 36 months. The documentation process was also very easy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2018
    • Axis Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the car loan with the AXIS BANK where the rate of interest is nominal also the loan amount is good added on that i am using it from past one year. The customer service is helpful by getting the car loan with this bank. I am satisfied with the services of this bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 11, 2018
    • Ford Finance Car Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I have a very good experience with the FORD CREDIT as i am using it from past 2.5 years. The reason for taking the car loan with the FORD CREDIT is that they are offering with the lower rate of interest also the best feature is that the loan is taken at the same place from the showroom.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 11, 2018
    • Kotak Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding car loan with Kotak mahindra bank previously, i have close that loan 7 years before itself, there service was good, they have given me loan amount depend upon my salary package , the rate of interest they have charged was nominal, they have not charged any processing fee , there overall service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 10, 2018
    • HDFC Bank Car Loan
      "Interest rate should be economical"
      0.5 5.0/5 "Blown Away!"
      I got the auto loan from HDFC for Rs 2 lakhs again I have top up the car loan for Rs. 2 lakhs but I felt interest rate is not standard its quite high compared as others, the process was quick they have disbursed the amount to the dealer they delivered my car.
      Was this review helpful? 1
      , mysore
      Reviewed on Dec 10, 2018
    • ICICI Bank Car Loan
      "Good Experience on car loan"
      0.5 4.0/5 "Great!"
      My experience with ICICI of the car is good, they taken 7 to 10 days to disbursed the amount to the dealer, I have purchase Renault kwit 2013 model, the loan amount is sufficient as I expected, customer support is good. The interest rate is little higher.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Dec 10, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The Car loan experience with them has been really quick and the process has been simple as i was having my salary account with them. The loan amount was sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 5
      , chennai
      Reviewed on Dec 10, 2018
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