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 Car Loan Eligibility Details

    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    What you'll love
    Documents
    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
    Paperless approval option available
    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
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    8.75% - 11.50% Fixed
    Up to ₹5500
    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
    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
    Documents
    Perks
    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
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    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
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
     Loading your search... Loading your search...
  • Car Loan Eligibility Reviews

    • Bank Bazaar Customer Support
      "Very good service"
      0.5 4.0/5 "Great!"
      Bank bazaar is pretty quick in their response . It would be great if bankbazaar provides the suitable partner banks. The customer service and the response with bankbazaar is above average . The website of bank bazaar is easy to use and customer friendly. The data base questions can be reduced in future.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 25, 2017
    • Dena Bank Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have dropped the car loan plan because it is tough to get the loan with Dena bank as well I had personal reason too so that was the reason I haven't proceed with Dena bank loan. The customer service and the response with Dena bank is average. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 25, 2017
    • HDFC Bank Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I got the car loan within 3 days of time from HDFC bank. The customer service and the response part is really good with HDFC bank. The rate of interest is nominal with HDFC bank car loan. I am happy and satisfied with the loan amount, because the required loan amount has been approved by HDFC.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Satisfactory service"
      0.5 5.0/5 "Blown Away!"
      I got to know about bankbazaar through my friends referral. The customer service and the response is fantastic with bankbazaar. The website of bankbazaar is easy to use and customer friendly. It would be great if bankbazaar recommends the products with low interest rates. I am happy and satisfied using the bankbazaar service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 25, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I hold a salaried account with HDFC bank, so I got the car loan with HDFC bank with best interest rate, so that was the reason I haven't proceed with Axis bank car loan and moreover the Axis bank offers the loan with high rate of interest for all the products . The customer service and the response with Axis is average . The service which is provided by AXIS bank is very much average.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar gives the best response in concern to any query or any product related queries. I am with bankbazaar for past 2 years. I got to know about bankbazaar through google web search. The customer service and the response with bankbazaar is really good. The website with bankbazaar is easy to use and customer friendly. I am happy using bankbazaar website.
      Was this review helpful? 0
      , narasaraopeta
      Reviewed on Jul 25, 2017
    • Sundaram Finance Car Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      Initially the Sundaram finance executives gave a call and explained me about the product and they asked me to submit the documents and I have done it, but still no one turned up with the status of my car loan application. The customer service and the response is good with Sundaram finance. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , narasaraopeta
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Through advertisements I came to know about bankbazaar, I am with bankbazaar for more than 2 years. The customer service and the response is very good with bankbazaar. The website of bankbazaar is easy to use and user friendly. The bankbazaar gives very good comparison with the products which is very helpful to get the product with the best price.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jul 25, 2017
    • Au Small Finance Ltd Car Loan
      "Below Average service"
      0.5 1.0/5 "Really Bad"
      The Au finance service is not up to the mark in regards to my car loan application. The customer service and the response need to be improved with Au finance. The rate of interest is high when compared with others. They gave below average service in concern to my car loan application.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I know bank bazaar through google web search. I am with bankbazaar for more than a year. The customer service and the response is average with bankbazaar. The website with bankbazaar is easy to use and user friendly. I would say that bankbazaar gave average service .
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 25, 2017
    • Dena Bank Car Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      Dena bank didn't give any kind of response in concern to my car loan application, so that was the reason I haven't proceed with Dena bank. Then I have proceeded with other bank and got the car loan with the best interest rate. The customer service and the response need to be improved with Dena bank. The rate of interest is nominal with Dena .
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Very Nice service"
      0.5 5.0/5 "Blown Away!"
      I got a fair idea about bank bazaar through Google advertisements. I am with bank bazaar for the past 1 year. The website of bank bazaar is easy to use and user friendly. The customer service and the response is very good with bank-bazaar. I am completely happy with the service rendered by bankbazaar.com.
      Was this review helpful? 0
      , goa
      Reviewed on Jul 25, 2017
    • HDFC Bank Car Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      The Required loan amount was not approved by Hdfc bank, that was the reason I haven't got the car loan with HDFC . I would like to say that the HDFC bank need to intimate about the eligibility criteria to the customers in prior. The customer service and the response is good with HDFC bank. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 0
      , goa
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 4.0/5 "Great!"
      For past 1 year I am with bank bazaar. I came to know about bank bazaar through my friend's referral. The customer service and the response is really good with bank bazaar. The website with bank bazaar is easy to use and user friendly. Glad to be a customer of bankbazaar.
      Was this review helpful? 0
      , patna
      Reviewed on Jul 25, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't choose HDFC bank for my car loan due to high interest, so that was the reason I haven't got the car loan with HDFC bank. The customer service and the response was good with HDFC bank. The rate of interest is high when compared with others. But from the service point of view HDFC is doing good.
      Was this review helpful? 0
      , patna
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I get to know about bank bazaar through online web search. The customer service and the response was very good with bank bazaar. I am with bank bazaar for past 1 year. The web site with bank bazaar is easy to use and user friendly. I am satisfied using bank bazaar website.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 25, 2017
    • HDFC Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank service was very good, but they told that they have seen the backlogs EMI's to be paid in my profile, so that was the reason I haven't got the car loan with HDFC bank. The customer service and the response part was good with HDFC . The rate of interest is nominal with HDFC bank. I got the required loan amount with other private finance company.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The overall experience at Bankbazaar was satisfactory. The process of the team contacting me was instant and I had no hassles with them. I got proper follow up calls and the website is also created well and it is very informative. The comparison options is useful.
      Was this review helpful? 0
      , guntur
      Reviewed on Jul 25, 2017
    • Sundaram Finance Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Sundaram Finance contacted me initially and later there was no follow up from them for the car loan. It has been a average experience and there was no information given to me on the rate of interest and processing charges. I would not wish to recommend them too.
      Was this review helpful? 0
      , guntur
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Overall a good experience"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar surely deserve 5 star rating as I am very much impressed with their service. The team was prompt in contacting me and they informd me the details too. The information on the website is also clearly described, making it easier to navigate through the offers.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 25, 2017
    Common Loader Icon

    Car Loan Eligibility Details is Rated as "Great!" by 28375 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    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.


    Eligibility Norms for Car Loans:

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


    Age:
    Minimum
    Maximum

    18 yrs.
    75 yrs.
    Net Income Requirements Rs.10,000 p.m upwards
    Employment:
    Type
    Stability

    Salaried or Self-employed
    3 yrs. (minimum) total experience/yrs. in business/profession; 2 yrs. (minimum) in current post/business/profession
    Type of Car Old vs. New - affects loan amount
    Value of Car Affects loan amount
    Model of Car Approved models
    Residence:
    Area
    Stability

    Urban/Semi-urban/Rural
    1 yr. (minimum) stay at current residence

    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

    Factors affecting Car Loan Eligibility:

    • 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
    Apply for Car Loan Online

    Are You Eligible for a Car Loan?

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

    News About Car Loan Eligibility

    • Mahindra TUV300 Compact SUV: Test Drive Results

      A new launch from one of India’s top car manufacturer is always eagerly anticipated. Mahindra’s TUV300 is to hit the market soon and is expected to be a crowd-puller. As one of the better looking cars from Mahindra, the TUV300 has been well-designed with pronounced wheel arches. The front part of the new TUV300 carries a multi slat grille with a set of stylish headlamp units that match well with the overall design. Additionally, Mahindra has installed rectangular fog lamps which tune in perfectly with the macho outlook.

      The rear end of the vehicle is also crafted accurately with a large tailgate, mounted spare wheel and vertically stacked tail lamps. The TUV300 is touted to be a competitor for the Ford Ecosport, but has actually received mixed reviews after test drives. The real impact of the new Mahindra vehicle can be judged only after the launch. Banks in India would be vying with each other to provide affordable car loans and the best financing deals to customers opting to buy the Mahindra TUV300.

      9th October 2015

    • Hyundai launches AVN system in its Elite i20 and i20 Active

      Hyundai automobile manufacturer has launched a 7-inch audio-video triangulation system in its Elite i20 and i20 Active make. The Hyundai Elite i20 is the premier retailing tailgate in its segment with an assortment of special features to its list. It was already announced that Hyundai was all geared to add a touch screen infotainment system in its Elite i20 and i20 Active to persevere in the extremely competitive market. They say that the new system gives a ‘human touch’ to the cutting-edge technology and the firm through its press release gave out other details such as 7-inch touch screen with maps, satellite-based voice directed navigation, back camera display and comprehensive entertainment and connectivity facets in the car.

      22nd September 2015

    • Suzuki iM-4 to be known as Ignis

      With the type of jam-packed roads we have, a subcompact car would be quite a favorite among many potential car buyers. At the Geneva Motor Show 2015, Suzuki displayed the iM-4 mini SUV. While it has been off the limelight since then, latest reports advocate that when the vehicle hits the market, it could be renamed as the Ignis. For those who haven’t heard of the name, Ignis, Suzuki traded it in the global marketplace from 2000 to 2008. A version of the manufacture-spec make was dispatched on Suzuki’s Instagram fan page and it seems to resemble the concept of iM-4. As far as the Indian automobile market is concerned, it is yet to be seen if it will be brought to our country.

      18th September 2015

    • Volkswagen Beetle Set to be Launched in India Soon

      The latest model of Volkswagen Beetle is set to be launched in India, by the end of this year. It will be sold in limited numbers and will sport a dynamic and muscular look compared to the earlier model. The iconic brand intends to showcase a combination of retro design and latest technology in the making of the new Volkswagen Beetle. It will have unique features like bigger wheels, Daytime Running Lamps and larger windscreen. It is expected that features such as satellite navigation, keyless entry, and a sunroof will also be included in this model.

      28th August 2015

    • Mahindra TUV300 to grace the market in September

      The sub-4 meter part of automobiles is a win-win situation for the vehicle makers as well as the target buyers, mostly for the excise duty perks that cars in this category can avail from our government. And it is no miracle that the companies are vying with each other to mark their presence in this arena. Ford has enjoyed a fair share of triumph with the EcoSport and now Mahindra is geared up to join the club with its TUV300. The Nashik-centered car manufacturing company has already publicized that they will inaugurate their compact SUV TUV300 in September 2015.

      26th August 2015

    • A Winner in the Making- All New Honda Jazz Set for July Debut

      The competition in the Indian hatchback scene is constantly on the boil, and adding up here will be the All-New Honda Jazz. Honda’s popular offering is set for a facelift and a tentative launch in July 2015. The car is set to feature both petrol and diesel variants, two engine options- 1.2 litre petrol engine with 90PS peak power output and the 1.5 litre i-DTEC diesel engine with 100PS power output. The latter promises to deliver upwards of 25Kmpl, while the former, with its tested configuration is sure to belt out upwards of 18Kmpl. The earlier Jazz suffered from its surprisingly steep pricing, thus, this latest offering is expected to be priced competitively (Rs.6-8.5 lakhs- Ex Showroom) so that it appeals to many expectant car buyers and their limitations of budgets and car loans. Looks like Honda have a definite winner in their hands!!

      4th June 2015

    • Toyota Hiace Set to Kickstart the Indian Van Segment

      The Van is a vehicle that can seat over 10 people at once, and is often considered a notch above the standard Multi Purpose Vehicle (MPV). The Hiace, a 10+ seater from Toyota, is set to shake the van segment in India after being launched globally back in 1967 and experiencing phenomenal success since. The vehicle sports a 2982cc, Euro 4 Toyota D4-D diesel engine that spurts out a max power of 134bhp at 3400 rpm. The 4 speed, sturdy gearbox is a proven performer and the vehicle has earned quite a reputation in the 140+ countries wherein it reigns supreme in the van segment. The Toyota Kirloskar Motor company has announced that the Hiace will hit the Indian market in the second half of 2015, giving you, the van aficionado, sufficient time to arrange up that ideal car loan, and a snug garage to host this powerhouse.

      2nd June 2015

    • Setback for Bajaj Continues. RE60 Quadricycle Launch Will Be Delayed

      Launch of the much awaited Bajaj RE60, one of its kind concept quadricycle will be delayed for an indefinite period owing to legal hurdles. This vehicle was first unveiled at the 2012 Auto Expo in New Delhi and since then, it has fallen short of going on production owing to legal and statutory bottlenecks.

      A number of PIL’s are pending against this vehicle in courts of various states in the country. In February this year, the Supreme Court of India mandated a move to combine various cases pending in this matter to facilitate a consolidated hearing in this regard on April 22.

      However, the hearing has been further deferred to the month of July 2015 causing a jolt to this ambitious project from Bajaj in the country. On the brighter side, the Bajaj is preparing to launch the RE60 quadricycle in Sri Lanka by the end of this calendar year.

      A car loan is one of the quickest and most efficient modes of financing the purchase.

      14th May 2015

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.