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Customer Reviews

    • Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service offered by Kotak car loan is very good. I have been transacting with them for more than a monthâ??s time. Interest rate offered by them is on the higher side , part payment options are allowed up to one lakh. Foreclosure is also allowed.
      Was this review helpful? 0
      , tirupur
      Reviewed on Oct 08, 2015
    • Car Loan
      "Very much convenient..."
      0.5 4.5/5 "Excellent!"
      Absolutely good experience with HDFC Bank based on car loan. They did not disbursed on time but that was fine. Processing charges was very nominal. Interest part was minimum on that point of time its like 9.75%. I am very much convenient with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 08, 2015
    • Car Loan
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      I have taken my car loan from HDFC Bank. The services was good from them. The response was good too. The rate of interest was very pleasing. It was of 11%. The processing fee was not that much too. I got the loan within three days from them.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 08, 2015
    • Bank Bazaar Customer Support
      "The Best!!!"
      0.5 4.5/5 "Excellent!"
      BankBazaar, it was good. I really liked the service. It was very fast process. The website is very clean and neat. What ever information provided in the website it is very accurate. I need not have to go to the bank for details all the details in the website it self. .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 07, 2015
    • Car Loan
      "Can go for!!!!"
      0.5 4.5/5 "Excellent!"
      Everything was good and everything was smooth with Axis when they approached me for car loan. But due to some personal reason I did not go with Axis bank. Interest rate , it was reasonable compared to the other banks. But I found their procedure were very long. It would be fine if they minimize their procedure that would be best.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 07, 2015
    • Bank Bazaar Customer Support
      "Very Good!!!"
      0.5 4.0/5 "Great!"
      Only once I availed a service with BankBazaar, I am very much satisfied with them. Portal, it was very useful for me. More details regarding loan were given in the site. Actually when I was checking for car loan with I was not able to fine the other fee life stamp duty etc, it would be nice if all the details of fee mention on BankBazaar site.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 07, 2015
    • Car Loan
      0.5 3.5/5 "Pretty good"
      Everything was fine with Axis bank when I approached them for car loan. Service was nice. Interest rate and other charges was good as well. Since I unable to provide a required documents I just dropped the plan with Axis bank. Apart from this everything was good with Axis
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 07, 2015
    • Bank Bazaar Customer Support
      0.5 3.0/5 "Satisfactory"
      With BankBazaar their service is good in few hours I received a call from them. From the website I got all the information. I feel the website should be little more user friendly. It would be nice if they add little more cities in the list. After entering all the details I am getting an error message, it should be taken care by BankBazaar.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Oct 07, 2015
    • Car Loan
      0.5 4.5/5 "Excellent!"
      I received a call from Hdfc bank when I approached online for my car loan. They did explained me about interest rate it a good one. Later I havenâ??t got a proper response hence it is still in pending. It would be fine if they respond immediately when someone approaches for loan.
      Was this review helpful? 1
      , tiruchirapalli
      Reviewed on Oct 07, 2015
    • Bank Bazaar Customer Support
      "Very Good!!!"
      0.5 4.0/5 "Great!"
      BankBazaar, actually they are good. They were calling me and updating the status of the application. When I applied for car loan they gave few options I opted for Hdfc bank. It would be nice if you guys update the lower interest rate with many option to the email so that it will be better.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 07, 2015
    • Car Loan
      "Was good not up to the mark"
      0.5 3.0/5 "Satisfactory"
      I tried to take car loan from Hdfc bank. The offered me high interest 15% which is more. Hdfc service was good, they spoke to everything about loan and they did coordinated well. I am an existing customer of Hdfc bank, it would be fine if they at least reduce some percent of interest so that it will be very helpful.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 07, 2015
    • Car Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      It has been 3 years now since I have taken this Kotak car loan. The most notable feature of this loan is interest rate offered by KOTAK car loan was not that good its really high. Processing fee is also very high. I am getting statements to my mailing address on a yearly basis. Once in every 6 months they also send accors an amortization schedule.
      Was this review helpful? 1
      , pune
      Reviewed on Oct 07, 2015
    BankBazaar Car Loan is Rated as " Great!" by 5889 Users
     4.0 / 5.0   by 5889 users
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    Fees & Charges

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    Customer Service



    You're eligible for a Car Loan if you:


    Are legally adult enough to handle it

    Have still got it

    Get a regular pay check

    Make more than a basic buck

    Your eligibility depends on


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

    Loan capped @
    85% Ex-Showroom price

    EMIs of other loans lower
    your eligibility

    Boost your eligibility by


    Pay off your credit card bills

    Choose longer tenure loan up to 5 Yr years

    Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

    • 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

    Car Loan Interest RatesUpdated on 09 Oct 2015

    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

    An Overview About Car Loan

    Car loans are the simple means to a glorious life milestone- owning your dream car. Almost all of us want to own that shiny set of wheels and drive it triumphantly, into the sunset. However, owning a car (vehicle in general) in India is a costly proposition, one that usually demands the impetus of a sizable financial assistance from banks/ financial institutions that have dedicated loan products in this regard. Almost all private/public sector lenders in India offer car loan options with terms and conditions that are highly customer friendly, affordable and scalable. By qualifying against a very simple list of identity, income and credit history qualifications, you can be the proud owner of your own brand new car.

    Why Choose a Car Loan?

    Choosing a car loan in India has two distinct reasons and advantages. Firstly, cars are expensive. This is a costly investment that is usually not completely affordable in the case of a typical middle class Indian. While his/her savings may account for a sizable portion of the purchase amount of the vehicle, a significant portion of the aforementioned purchase must be covered by the amount as provided by the car loan. Secondly, massive purchases (such as buying a car) with liquid cash could get you on the IT department’s radar, plus, you lose the chance to build up crucial credit history by subscribing to a car loan and religiously adhering to the repayment cycle. The credit history thus built, will help you procure more loans in the future. Hence, car loan in India are the surest and safest way to purchase your ideal vehicle.

    Features & Benefits of Car Loans

    When it comes to car loans in India, in general, the following features and benefits are freely offered. Note that, the following is a generalized look at the advantages offered by car loans in general. Individually, car loan lenders may have highly customized and specialized offerings for their customer base.

    • Helps you purchase a better car than the one available in your budget. While this may not be a rule, it holds true for a vast majority of car purchasers in India.
    • Allows you to procure a vehicle quickly- without spending too much time arranging for the money through the time tested concept of ‘saving for it’.
    • Helps you manage the cost of purchase of the new car by spreading it across a longer duration of time. Thereby, this keeps you in control of your spending and makes the car much easier to pay for.
    • Most car loan offerings in India are secured loans, meaning, the car serves as the security/collateral for the loan. This poses little financial risk for you- at worst, you default on the repayments and lose the car, plus your credit score is damaged to smithereens. However, you do have a measure of control over the proceedings. PS- Don’t default on your car loan EMIs.
    • Procuring a car loan is usually simpler as compared to other loan products. Individuals with slightly unsavory credit scores can also hope to nail one down. However, this option differs from bank to bank.
    • Car loans in India often utilize the fixed interest rate option when it comes to repayment via EMIs. This means, you are always assured of a fixed amount that needs to be repaid on a monthly basis. This takes the surprise out of the financial planning that goes into the car purchase process. Thank god for that!!
    • The actual maximum loan amount depends on the vehicle to be purchased and varies from bank to bank. Mostly however, this is 100% of the vehicle’s on-road price. The repayment tenure usually stretches from 5-10 years and offers different interest scales for different tenure slabs.
    • Most importantly, a car loan helps you buy your dream car. Aside from being a purely transport option, the car serves as a confidence booster and your means to assert the hard earned financial freedom.

    Why Apply for Car Loan on BankBazaar.com?

    BankBazaar.com is an online aggregator of car loan products as offered by banks and other financial institutions across India. Perceptively, checking out and applying for a car loan on this customer friendly website offers the following unbeatable advantages-

    • Comprehensive List of Car Loans

      Browse through and get all the information about the most popular car loans available in India. Having so many options before you allows for informed decision making, based on the analysis of the various features, pros and cons offered by the car loans.

    • Compare and Select

      Breeze through all the car loan options before you and select the one that best satisfies your requirements and respects your limitations. Traditionally, this step would entail a lot of running around and enquiries, however, BankBazaar.com turns this into an intensely informative, interactive and private affair that could be completed from the comforts of your home or office.

    • Check your Eligibility

      A simple and interactive wizard helps to ascertain your qualification for the car loan and throws up the best options in line with your requirements. This saves time and cuts out the middlemen.

    • Easy Application Process

      Applying for a car loan on BankBazaar.com is as simple as simple can be. After selecting your car loan and furnishing some essential details on the website, the process is taken over by the bank offering the car loan. Save on all the leg-work, get your car loan with a few clicks on the computer mouse.

    • Robust Customer Support

      Have a query or concern with regards to the car loan in question? The expert customer support team from BankBazaar.com is always at hand to sort all your issues. Procuring that ideal car loan was never more simpler.

    • 100% Free

      Making use of the various offerings from BankBazaar.com, including friendly tools like ‘Car Loan EMI Calculator’ is completely free of charge. Convenience meets simplicity, at 0% monetary investment.

    How to Apply for a Car Loan on BankBazaar.com?

    Applying for a car loan on BankBazaar.com involves the following steps,

    • On the BankBazaar.com homepage, browse through the various menu items listed on the navigation bar at the top of the page. Select the first item on the list named ‘Loans’. Herein, select ‘Car Loan’. ed
    • Immediately, on the adjoining drop-down, you can see a whole listing of car loan offerings from various lenders in India. Alongside this, the options ‘Get Quote’ and ‘Explore’ are also easily visible.
    • ‘Get Quote’ and ‘Explore’- Clicking on either of these options will unveil an interactive wizard that will help us determine your exact requirements and expectations with regards to the car loan. Complete the forms before you and provide specific information as and when required. Next, choose from the various car loan options that are suggested as best fit scenarios for your requirements.
    • Continuing from point 3 (post the choice of a car loan product) and point 2 (selecting a car loan product directly from the main dropdown without running through the wizard), the page spread before you provides complete information about the selected car loan product.
    • The page details almost everything you need to know about the car loan, plus offers additional details through helpful links like ‘Check Eligible Loan Amount’ and ‘Check if you’re Eligible’. The ‘Apply Now’ button is prominently displayed on this page (the exception being in cases where BankBazaar.com isn’t a partner of the concerned bank/financial institution and thus, isn’t authorized to facilitate the application for the respective car loan product). Click on this button to set your car loan application process in motion.
    • Spread before you is an interactive loan application form. Complete the same and provide all the information as required. This form is next forwarded to the concerned bank for further processing. Ideally, the concerned bank will get in touch with you within the next 48 hours.
    • From this point on, the concerned bank will keep it touch and will provide you express details about the status of your loan application. Routine SMS and email intimations will constantly keep you in the loop, and our dedicated customer support team can be reached 24x7 in case of any concerns or queries with regards to your loan application.

    Top Banks Providing Car Loans in India

    In terms of popularity, the following banks offer the most sought after car loan products in India,

    HDFC Bank Car Loan- Funding 100% of the intended car’s on-road price and offering a repayment tenure of upto 7 years, HDFC bank has always been a solid option when it comes to car loans in India. The terms offered by this loan product is very flexible, and the cake gets even more sweeter for existing HDFC bank customers who get the option of pre-approved car loans. Whilst the bank offers a very competitive interest rate on its car loan product, the prospect of EMIs amounting to just Rs.1671/lakh makes the deal that much more lucrative. No wonder car loans from HDFC bank have always remained an enduring favorite amongst the Indian public.

    Aside from the features listed above, HDFC Car Loan offers quick and hassle free loan processing, fixed interest rates that aren’t affected by market fluctuations, the option for car loans without the necessity for income proof and associated documents, car loans amounting to 6x of your annual income, and other such customer friendly features that are backed by a robust customer support initiative. Indeed, car loans from HDFC bank are feature rich, affordable, immensely popular and worth your undivided attention.

    ICICI Bank Car Loan- When it comes to a complete, feature-rich car loan option in India, few can match upto the versatility and simplicity as afforded by the ICICI Bank Car Loan. Offering funding to match 100% of the ex-showroom price of the vehicle, the car loan experience at ICICI is driven by powerful 24x7 customer support and ICICI’s brand of customer relationship management. The other pleasing features include loan tenure of upto 7 years, pre-approved car loans for existing ICICI customers, minimal documentation, hassle free application process and a simple option to apply for the car loan online. ICICI bank has configured its car loan product to be as customer friendly and approachable as possible.

    When it comes to a typical Indian customer, the applicable interest rate and the other associated charges holds great prominence with regards to the prospective car loan. In both these cases, the car loan from ICICI bank rules the roost. Alongside these factors, the consistent goodwill enjoyed by the ICICI bank and the positive feedback that it consistently receives with regards to its loan products must prove ample reasons to invest your interest in ICICI bank car loans, when you are out looking for one.

    SBI Car Loan- As India’s premier public sector bank, the State Bank of India (SBI) enjoys a level of popularity and support from the general public that few other public/private sector Indian banks can match upto. In this light, the SBI Car Loan is an intensely customer centric loan product. Offering very competitive interest rates, comfortable repayment tenure of upto 7 years, loan amounts that match upto 85% of the proposed vehicle’s on-road price and 0% pre-payment or foreclosure charges, the SBI car loan has its legion of loyal and enduring fans. Unique features such as the overdraft facility and the provision of optional SBI life insurance cover has contributed to SBI car loans’ lasting popularity.

    For a typical, first time car loan subscriber, the numero uno priority is in relation to the confidence, comfort and simplicity that his/her choice of car loan provider can elicit. In this regard, the public sector behemoth named SBI has little competition in India. Known for its people centric approach, the car loan product from SBI is highly sought after and will continue to remain a premier choice in the years to come.

    Axis Bank Car Loan- A premier private sector bank, the car loan product from Axis Bank is commended for its simple application procedures, customer friendly terms and conditions, robust customer support initiatives and adherence to the modern ways of personal banking. The bank offers upto 85% of the proposed vehicle’s on-road price, and in the case of some select car models, this number can hit 95%. Other friendly features include an attractive interest rate, comfortable repayment tenure ranging from 1-7 years, provision of loan to a wide demographic of individuals including salaried, self-employed, partnership firms, corporates, limited liability partnerships, etc. The true strength of the Axis Bank Car Loan is the wide popularity it enjoys amongst its target audience.

    Simplified eligibility criteria, minimal documentation and the ease of online application are some of the features that work strongly in favor of the Axis bank car loan. The bank has in store, car loan offerings that match upto the most discerning tastes and complies with the most budget conscious requirements. Configured to emerge as the most ideal car loan product available in the Indian market today, the Axis bank car loan will surely engage 100% of your undivided attention.

    Comparing Car Loans from Different Banks

    Bank. Loan Amount.Tenure.Interest Rate.Features.
    HDFC Bank100% (ex-showroom price)Upto 7 years10.50%-12.50% (depending on individual factors)
    • Fixed interest rates.
    • Loan approval in 30 minutes flat.
    • Low down payment and lower EMIs.
    ICICI Bank100% (ex-showroom price)Upto 7 years10.75%-12.75% (depends on the loan tenure)
    • 100% funding matching vehicle’s ex-showroom price.
    • Very streamlined loan application, approval and disbursement process.
    • Easy online application process.
    SBI 85% (On-road price, when net annual income is upto or above Rs.10 lakhs)Upto 7 years10.30% (may range upto 11.10% for differing conditions)
    • Interest calculated on daily reducing balance.
    • Financing based on the vehicle’s ‘on-road’ price.
    • No advance EMI.
    Axis Bank85% (ex-showroom price) 95% (on select models)Upto 7 years11.50%-12.50% (depending on individual factors)
    • One of the best interest rates offered in India.
    • Special schemes for Axis Bank salary account holders.
    • Loans offered from a minimum of Rs.1 lakh onwards.
    Magma Fincorp100% (ex-showroom price)Upto 5 years12%-16% (depending on individual factors)
    • Min loan amount- 3x annual income (salaried), 6x annual income (self-employed).
    • Minimal documentation.
    • Easy online, offline application process.

    Choosing the Right Car Loan

    When it comes to selecting the car loan that works best for you, some fundamentals will come in handy. The following list explains the do’s and don’ts when choosing the right car loan,

    Compare, Compare, Compare

    Check out the maximum number of options available to you. Not all car loans are created equally- and finding the best loan could involve some work. BankBazaar.com can help you here by helping you check out and compare between the various car loan and used car loan options available to you.

    What’s the Interest?

    The applicable interest rate is potentially the biggest factor when it comes to choosing the right car loan. Not surprisingly, the lower the interest rate, the better. This condition holds true even when a lower interest rate would mean that some of the expected features aren’t available in the loan.

    Keep it Simple

    Pay heed to your financial limitations and choose a car model that perfectly suits your budget. This will imply that your car loan is in line with your set requirements. Don’t fall prey to up-selling tricks at the car showroom.

    Hidden Fees and Charges

    Sometimes, what appears as obvious will have a hidden component. Be completely aware of the hidden fees and charges concerning the car loan, as also be cautious of time bound incentives and packages- they will expire soon and you may be left with a lesser deal than you hoped for.

    Documentation required for a Car Loan

    When applying for a car loan in India, across any of the possible lenders, the following documents must be submitted for verification. Note that, in their individual capacity, the lender may request you for more proofs and documents.

    • Know Your Customer (KYC) Documents, including, identity proof, address proof, age verification, completed application form with photographs and substantiated signatures. The associative documents could include PAN card, Voter’s ID, Ration Card, Aadhaar Card, etc. (any government issued document).
    • Income Proof as proved by 6 months bank statement, upto 3 months salary slips and income tax returns.
    • PAN Card- this helps to establish the potential borrower’s credit history.
    • If the applicant is self-employed professional/ non professional or a business/partnership firm, the bank may demand for a number of additional documents including business ownership proof, profit-loss documentation, etc.

    Car Loan Eligibility

    In order to be eligible for a car loan in India, the applicant must qualify against a certain set of expectations. Generally, car loan eligibility is dependent upon the following factors-

    • The applicant must be an Indian citizen.
    • He/she must not be younger than 21 years and older than 60 years at loan maturity.
    • The applicant must have a secure employment, with regular income and tenure at the same job for atleast 2 years.
    • He/she must have a respectable annual income that properly demonstrates his/her capacity for loan repayment. If spouse is signing up as co-applicant, then his/her salary is also considered.
    • Must possess a landline/cellphone that marks his address, and occupation of that address for an expected duration of time.

    Kindly note that all the numbers and variables here may differ from bank to bank. In their individual capacity, banks may have additional qualification procedures.

    Car Loan Interest Rates

    The interest rates applicable to car loans in India will differ from bank to bank. These lenders depend on their unique criteria and base lending rates to decide upon the applicable car loan interest rates. However, in India, car loan interest rates ranging between 10%-15% are generally expected and considered competitive. Kindly refer to individual banks’ car loan pages on BankBazaar.com for more information in this regard.

    How to Calculate EMI for Car Loans?

    When we speak of a Car Loan EMI Calculator, we are referencing to an online tool that assists in the electronic computation of the Equated Monthly Installments (EMI) as applicable to your car loan. On BankBazaar.com, the interactive, time saving and informative Car Loan EMI Calculator will simplify this otherwise tedious and uninspiring task. This calculator exhibits the following characteristics,

    • Speed- Precise, informative EMI calculations in mere seconds.
    • Comprehensive Information- Get info on EMI, amortization details and much more.
    • 100% Free- Making complete use of this friendly tool costs you nothing, now and forever.

    Car Loan Application Checklist

    Submit Income ProofBank Statement (last 6 months)
    Pay-Slips (last 3 months)
    IT- Returns (last 2 years)
    Lender wants to establish your ability to repay the borrowed amount.
    Submit Proof of Address and IdentityPAN Card, Voter’s ID, Aadhaar Card, Passport, etc. Lender wants to establish your nationality, identity and permanent address.
    Credit HistoryPAN Card Lender wants to check your past credit records and establish if you can be trusted to make regular repayments.
    Information About VehicleSales Receipts from the Showroom from wherein the Vehicle was Purchased.Lender must confirm that the deal was affected as intended.
    Proof of Insurance and Driving LicenseCopies of the Vehicle’s Motor Insurance and your Driving License.Lender must establish that all laws and protocols are followed with regards to the purchased vehicle.

    FAQ’s about Car Loans

    How much funding can I expect in terms of the car loan?

    This factor differs from bank to bank. While some banks offer the complete 100% of the vehicle’s ex-showroom price, banks such as SBI offer upto 85% of the vehicle’s ‘on-road’ price. Generally however, the minimum loan amount will be equal to Rs.1,00,000.

    Can I pre-pay the entire loan amount? What are the conditions involved?

    Yes, you can prepay the entire car loan and save on vital interest payments in the future. However, most banks will allow the pre-payment option after you have chalked off 6 months on your loan tenure. Plus, you will be expected to pay a small fee as pre-payment penalty that will be dependent on the leftover loan amount.

    What car models are financed by the standard car loan in India?

    Unless otherwise specified, almost all small to medium sized cars, Sports Utility Vehicles (SUV) and Multi Utility Vehicles (MUV) come under the purview of car loans available in India. However, as mentioned, refer to the loan brochure for exceptions to this rule.

    When applying for the car loan, do I need a guarantor/ security?

    Almost all car loan products available in India are secured loans, with the procured vehicle itself acting as the customary security. Most lenders in India will not insist upon any guarantors, however, if your annual income does not match upto the expected requirement, then you may be expected to sign-up a co-applicant and/or guarantor.

    What are the commonly available car loan repayment tenures?

    Repayment tenures usually range from 12 months to 84 months (1-7 years).

    Flash Sale: Apply for a Car Loan through BankBazaar.com and Earn an Amazon Gift Card Worth Rs. 5000 upon Loan Approval!

    Thinking of buying that new car you saw in the showroom? Want to upgrade your car to a bigger one for the convenience of your extended family? Looking out for a Car Loan? Whatever your need may be, you can easily avail a car loan through BankBazaar.com.

    Now, finance your dream of buying a car with an additional bonus! BankBazaar.com has been offering various offers and promotions on various financial products time and time again and this time we are offering you an exciting promotional offer on car loans. This limited period flash sale will be available on car loan applications made through the site, wherein you can get an Amazon gift card worth Rs.5,000 for approval of your car loan by the respective bank.

    In order to be eligible for this offer, the following conditions must be met:

    • BankBazaar.com, owned and operated by A&A Dukaan Financial Services Private Limited, is offering this promotion from 16th August, 2015 and it expires on 5th Sept 2015, and only those who apply for a car loan during this period is considered eligible for the offer.
    • The time frame permitted for the Car Loan approval by the concerned bank is 31st October, 2015.
    • E-Gift card requests for Car Loan approval beyond this period, is not entertained.
    • The applicants must be at least 18 years old or above, at the time of loan application.
    • Only one application per customer will be considered for the offer.

    The E-Gift card offer is valid for car loans from select banking partners only and these Banks will have the Amazon Gift Card banner.

    Terms and Conditions

    • Cash or credit will not be available as an alternative for the E-Gift card, under this offer.
    • A prohibition is instituted on the resale, reproduction, trade or modification of the E-Gift card.
    • This Promotional offer cannot be clubbed together with any other deal, offer or promotion.
    • Employees of BankBazaar are ineligible for participation in the Promotion.
    • Modification of, addition to or discontinuation of the Promotion and/or its terms and conditions at any point of time without any prior notice, is the sole discretion of BankBazaar.
    • The eligibility of the participants to receive the E-Gift Card from Amazon, is verified solely by BankBazaar. By being a part of this promotion, the participants confirm their acceptance of the stipulated terms and conditions.
    • Any loss or damage of the e-gift card from Amazon is not a liability of BankBazaar.com, once it has been issued to the applicant.
    • The E-Gift cards would not be replaced or cancelled once it has been issued to the applicant.

    Once a customer is eligible and meets all the terms and conditions stipulated, the E-Gift card that he/she is qualified for is sent to the customer's e-mail address that is specified in the loan application form, upon the concerned bank's approval of the Car Loan application.

    News About Car Loan

    • Golden Rules to remember when taking a car loan

      Not everybody can afford everything we desire and need. Be it car loan banks and financial institutions are in cut throat competition with each other in enticing clienteles with reduced interest rates, quick procedures and flexible tenures. Though latest technology has absolutely revolutionized the banking arena via mobile apps and online banking, the laws of wise borrowing still stays the same.

      Here are 10 undisputable thumb rules of taking loans:

      1.Avoid borrowing more than you think will be able to pay back in the given time. It is prudent to keep the car loan EMIs no more than 15 percent.

      2.Shorter tenure translates to lesser money you lose as interest.

      3.Financial discipline is a must when it comes to settling your loan. If you miss even one EMI or delay it, not only will you end up paying the penalty but also end up with a not-so-great credit portfolio.

      4.Taking loans for other investment purpose is always a bad idea.

      5.Purchasing an insurance is must if you are mortgaging to buy a vehicle.

      6.Keep up with your research to strike a better deal in getting loans.

      7.Do not just skim through the fine print but actually read them thoroughly.

      8.If you are paying off many loans simultaneously, merge them all under one.

      9.Do not hide about the loan from your close family.

      10.Never break your retirement plans to settle loans.

      8th October 2015

    • Mercedes E-Class Coupe and Cabrio bring out two elite models

      The initial version is called as ‘V8 Model’ and it is fashioned on the basis of E500 versions. It boasts of a multiple-spoke and 19-inch AMG and almost weightless alloy wheels done in titanium ash hues, along with V8 Edition exterior badging. It also comes with the Agility Control sports suspension. This way, clients can enjoy the advantage of an adaptable cushioning system in addition to a sporty style, which once started, will enhance dexterity and riding comfort.

      As you get inside the car, you can spot its multi-curved seats in the front wrapped around in black or porcelain Nappa leather. Other tweaks worth mentioning include the flat-bottomed perforated steering wheel, Nappa leather armrests, contrast stitching and a black Nappa leather covering for the instrument panel. This version has also put a boned up infotainment system with an Apple CarPlay backing and they fitted a tri-zone mechanized weather control system too.

      7th October 2015

    • Maruti’s Wagon R Avance at INR 4.3 lacs

      Maruti Suzuki India Limited has come up with the Wagon R Avance Limited Edition at an irresistible label price of INR 4.3 lacs in the country’s capital. Styled on the basis of the LXi trim, the Wagon R Avance CNG is appraised at INR 4.83 lacs outside Delhi. This is a tried and tested but smart marketing tactic during the festive phase. Not only is the price reviewed, but they have also added some cool features. No, there will be no mechanical alterations.

      While introducing WagonR Avance to the potential clienteles, Mr. Vinay Pant, Maruti Suzuki’s Marketing Chief went on to describe the vehicle in great detail. They have pinned their hopes on this model augmenting their brand value to great heights. The latest features of Wagon R Avance interiors are twin din stereo with Bluetooth, double tone dashboard with new taupe hue, top quality seat material, and back power windows. The car’s exteriors too are redone with elegant body graphics.

      6th October 2015

    • Nissan Leaf 2016 with 250 km mileage

      Nissan Leaf, one of the most efficacious electric car to ever grace the earth, especially in the US of A, is all set to cross the next milestone. The Japanese automobile major has been intent on developing the next generation Leaf, which has become fruitful. The firm claims that this car will run an additional 400 kms in just a single charge. They have presented the 2016 make in UK, with a momentous boost in range. Keeping in mind the product cognizance Nissan Leaf creates when eco-friendly cars are still in papers, it has now achieved a healthy all-electric range of 250 kms.

      5th October 2015

    • Social Media offers automobile makers an economical platform for publicity

      In this day and age, social media has a vital role for any kind of marketing and automotive industry is no exception. Augmenting vehicle sales has always been an expensive as well as slothful process for many an automobile firm. For instance, the new Hyundai Creta and Honda Jazz have executed distinct and quite competitive tactics to create that buzz and interest before these products grace the market. The latest model Mahindra TUV300 too followed suit in this approach.

      As per the available data, the makers claim that request for information via websites form about 10 to 25 percent of the entire enquiries post launch. Hence the potential of social media to reach out to the masses is immense and the car companies are leaving no stone unturned to do some aggressive campaigns on social media portals like Facebook, Twitter, Youtube, Pinterest and others.

      30th September 2015

    • Honda introduces ‘Festival Version’ of Amaze, Mobilio

      Honda Automobiles inaugurated its Festival Edition' of their compacted sedan Amaze and multiple purpose car Mobilio in an attempt to bank on the forthcoming festive month. This would be a special treat for Honda clientele in the looming celebrations in India according to Senior Vice President of Honda’s Marketing & Sales Department, Mr. Jnaneshwar Sen. The manufacturer’s endeavor is to deliver element of newness to their models that can allure customers like never before. The Celebration Edition of the aforementioned makes would boast of features that reflects the festive theme on their outer surface with chic body visuals too. The insides of the vehicles have also been augmented with finest padding entailing designer seat covers and headrests.

      25th September 2015

    • Maruti Suzuki distributes 1600 cars in one day

      India’s biggest automobile manufacturer, Maruti Suzuki, distributed 1600 cars in a single day in Karnataka. These automobiles were delivered by wholesalers on the favorable occasion of Var Mahalakshmi, which is celebrated across the state. Ram Suresh Akella, Maruti’s Commercial Business Head of South Zone has spoken about the unique features as well as mileage that comes with Maruti vehicles and is happy with this feat.

      The carmaker generally vends over 7300 cars monthly in Karnataka alone. The favorite models seem to be the Swift, Celerio, Dzire and Ertiga, not necessarily in that order. Their finest offering, Ciaz has also received an awe-inspiring approval by clientele according to the records. Maruti is proud of the fact that it has accomplished to sell 1200 Ciaz cars from in a mere four months (April to July 2015).

      24th September 2015

    • Maruti Suzuki’s latest entrant in the automobile market: The all-new Ciaz SHVS Hybrid is here

      Maruti Suzuki has introduced its first ever mild hybrid car product, named Maruti Suzuki Ciaz SHVS which is currently considered as one of the most efficient production cars in India. The Ciaz Hybrid comes with a certified mileage of 28 kmpl and an automatic start-stop technology. This innovative technology enables the engine to be turned off at signals or if the car has been stationary for some time. Another classic feature of the Ciaz SHVS is the Deceleration Energy Regeneration system which stores wasted energy in an electrical system. Helping take some load off the alternator, this system also improves the fuel efficiency of the car after a period of time. The Government also gives incentives for cars manufactured with hybrid systems and this amount is determined based on the level of fuel savings the vehicle offers. Customers planning to buy a Ciaz Hybrid can comfortably do so by availing any of the affordable car loans offered by banks in India.

      22nd September 2015

    • Improved Suzuki Swift with 1.4 liter Booster Jet Engine to hit the market soon

      Swift Sport or the swankier version of one of country’s most favored rear door could be displayed at the imminent Tokyo Motor Show with an engine with 1.4-litre capacity. The engine is most probably to arrive with a turbocharged Booster Jet technology. Primarily, the car will grace the automobile scene in the overseas markets, but as hot hatches are gradually escalating in India, this has the potential to become a huge rage here.

      Talking about this impending concept, it will have some striking alterations from the present Swift, but will take motivation for the design indications from the same. It is allegedly said that the new model could have a width of 1.8 meters, which is significantly more than the prevailing one. Also, it will be remade to a DCT automated conduction along with an all-wheel drive.

      18th September 2015

    • The BMW M4 GTS Concept offers a race car for everyday usage

      BMW’s M series is widely known for their superior technology that make normal cars function like race cars. BMW’s M Performance division has recently developed M4 GTS, in an intent to infuse racing technology into everyday car use. The new concept earned very good reviews for its futuristic design and innovative technology, when it was recently showcased at the Pebble Beach Concours d'Elegance. The BMW M Division’s President added that the BMW M4 Coupe is a combination of sports and everyday cars, while the BMW Concept M4 GTS focuses on newer technology and is more inclined towards race cars. The M4 GTS Concept carries dynamic OLED rear tail lights and also uses water injection technology. To ensure better aerodynamics, the front splitter and rear splitter are made of carbon fibre. For customers who wish to own a classic BMW car, banks will be offering exceptional car loan deals with competitive rates helping them fulfill their lifelong dreams.

      14th September 2015

    • Toyota has no plans of ending partnership with Kirloskar

      Toyota and Kirloskar entered into a joint venture in India in October, 1997. The company is responsible for setting new benchmarks in the industry with products like Fortuner, Innova and Qualis. Toyota holds 89% of the stake in the company, while the Indian counterpart, Kirloskar, owns 11%. Though there were speculations about Toyota planning to overpower Kirloskar, it was recently made it clear that it has no plans of buying Kirloskar out of the venture and increasing its stake to 100%. Toyota is happy with the long-term relationship they have and the present arrangement with Kirloskar. They have no plans of exiting the partnership but instead are focussed on retaining 100% of their customers. With many requests to bring the Lexus to India, Toyota Kirloskar Motor managing director, Naomi Ishii, feels that the Indian market has not yet grown to accept such an expensive car and therefore has no plans to bring it into India any time soon.

      7th September 2015

    • Best Energy Kaizen Award 2014-15 won by Toyota Kirloskar Motor

      Toyota Kirloskar Motor won the Best Energy Kaizen Award for the year 2014-15 at 25th Kaizen Conference & Competition of CII. The event is a well-renowned platform which appreciates and awards the best practices followed and encourages constant improvement in the fields of manufacturing, engineering, management and supporting business processes. 58 companies participated in the event which rewards companies for saving on energy consumption. Toyota Kirloskar’s product engineering and paint maintenance division won the award under the “Renovative” category.

      Toyota Kirloskar Motor is a subsidiary under the Japanese major corporation. The company is a joint venture with Toyota Motor Corporation and the Kirloskar Group. Toyota continues to improve and develop the workplace and reduce its impact on the environment. The award was given to Toyota Kirloskar for its world class facilities, finding out the root cause of a problem, analysing and defining it, and finding innovative solutions to the problems on theme selections. Toyota was also recognised for logical reasoning, sustenance and countermeasure planning, clear presentations and good time management.

      Products of Toyota Kirloskar are manufactured in India as well as imported. The Innova, Fortunate and more are made in India, where car loans are available for customers to purchase these cars. Premium cars like the Land Cruiser, Prado and Prius are imported. The Corolla, Etios, Altis, Liva, and Camry are manufactured at a plant on the outskirts of Bangalore.

      7th September 2015

    • Smallest Range Rover Digitally Imagined

      Though there is no news of Land Rover coming out with any sub-Evoque SUV, an automotive manipulator has rendered a digital sketch of what the cheapest Range Rover might look like. Theophilus Chin, the artist behind this, has used the Hyundai Creta to design the sub-Evoque Range Rover. The Hyundai Creta was recently launched and is in the price range of Rs.8.60 - 13.60 lakh in India. A stylish exterior and a new driving experience are reason enough to get this car, with or without a car loan.

      In light of Jaguar launching the XE worldwide, which is the most efficient and advanced sports saloon car that the company has ever made, it might make sense if Land Rover would make this SUV a reality. If that happens, it will be a competitor amongst the Audi Q3, BMW X1, and Mercedes-Benz GLA Class.

      4th September 2015

    • Honda BR-V All Set For Launch By 2016

      Honda Siel, one of the most trusted and renowned name in the SUV vehicle segment, is gearing up to announce their new offering. The year 2016 shall witness the launch of the Honda BR-V SUV. Excited to know more? Read on.

      According to reports, this 7-seater Honda SUV shall feature a 1.5L 100 PS power IDtec engine, along with dual transmission – manual and CVT Automatic. On the exterior, this rugged looking SUV comes with a thick chrome strip in the front, roof rails and 16 inch alloy wheels. Close to 4.3 meters in length, the vehicle features a ground clearance of about 190 – 200 mm. The interior styling of the BR-V takes after the Honda City and shall feature a dual-tone dashboard in beige and black, along with a similar instrument cluster as the Honda City. Also, the interior comes equipped with a host of top notch safety, driving-assistance and entertainment features like dual airbags, ABS with EBD, Traction Control, Push Button Ignition, Vehicle Stability Control, Multi-mode Rear View Camera, a 7-inch touchscreen, Touch panel on the AC vents, Automatic Climate Control on the rear seat AC vents and steering mounted audio controls.

      The Honda BR-V, which I expected to be priced anywhere between Rs 8 lakh to Rs 13 lakh, is likely to be launched in the Indian market by March 2016.

      3rd September 2015

    • Will a Mercedes C-Class four-door coupe attain popularity in the Indian market?

      The new generation of the Mercedes-Benz C-Class comes in three panaches: wagon, sedan and the freshly launched coupe. These will join the bandwagon in the beginning of 2016. There will also be a fourth member, a convertible along with them. And the makers are talking about there being space for more derivatives.

      One potential contender is a four-door edition of the C-Class Coupe which might end up resembling these abstract renders a lot as was explained by the freelance artist Theophilus Chin. A model of this kind would slot between the CLA and the CLS and will be rechristened as CLE before hitting the market.

      28th August 2015

    • Kerala sees the launch of ‘Onam’ Special Maruti Alto 800

      Maruti Suzuki India Limited (MSIL) has introduced an 'Onam' edition of the Alto 800 series in Kerala to mark the beginning of the first Malayalam month 'Chingam', when the mythical King Mahabali is believed to come to visit his subjects. The firm has already distributed over a 1000 Alto units. If you are wondering what sets these new editions apart from the old one, they come with 15 extra features at an added cost of a mere INR 17,350. No, there aren’t any drastic mechanical alterations.

      As per a recent research, Kerala has always been one of the most lucrative markets for Alto and Maruti 800. The fresh structures installed in Maruti Alto 800 'Onam' Edition are music stereo with speakers, reverse parking radars, trendy seat covers with embroidered cushions and so on.

      28th August 2015

    • Ford Endeavour Set to Launch in 2016

      With greater competition in the market for SUV models, Ford is set to relaunch its SUV- Ford Endeavour, by next year. This vehicle will be made available in two different engine options. A 2.2-litre 4-cylinder unit is assigned to the two-wheel drive version, which makes 160PS and 385Nm. This engine will have manual transmission and a 6-speed automatic. A larger 3.2-litre 5-pot unit will be assigned to the 4WD version of Ford Endeavour, and this engine is expected to produce 200PS and an astounding 470Nm. Other added physical features on this model includes chrome front grille, bigger stance and chrome garnish on the area above the registration plate (at the back).

      26th August 2015

    • New equipment to be added in Volkswagen Polo

      With competition in the premium hatchback segment on the rise in India, car dealers in India are vying with each other to pack the maximum number of features in every model of car they offer. Hyundai introduced Elite i20 last year loaded with button start, rear camera, keyless entry, etc. Beating that Honda Jazz came along with touchscreen infotainment and a navigation system. Hyundai hit back by launching a touchscreen infotainment system in most of its car models.

      Owing to the introduction of various extra features by different car makers, Volkswagen has also announced that they would be upgrading the Polo model with new features. The Highline Polo model would get cruise control which none of the other premium hatchback segment cars carry right now. Lower models like Trendline and Comfortline will come with turn indicators. These additions will be done in the Cross Polo model too. Volkswagen is expecting sales to improve with the addition of exciting features like navigation control and touchscreen infotainment. Customers going for the all-new Volkswagen Polo car can easily avail a car loan from any bank or from Volkswagen Finance.

      24th August 2015

    • Honda CR-V to be launched in India this month with a new look

      The redecorated CR-V crossover from Honda was displayed at the Bangkok Motor Show previously this year. Projected to go through changes in exterior designs, the smart generation CR-V is expected to get generous modifications in front. The solid wings look like guardsmen on the sides. Its framework is such that the appealing head lights will feature an integrated LED during day time. There will also be prolific variations on the rear end, a redesigned tail gate and a wide chrome strip to make the rear more attractive.

      19th August 2015

    • Rolls-Royce Wraith to grace the Indian Automobile market

      The opulent car manufacturer has unveiled a brand new special-edition Wraith, called as the ‘Inspired by Music’ version as the final one in the Roll-Royce series. This arresting and idiosyncratic custom-made model is a picture-perfect combination of opulence, class and efficiency. The British brand has always been presented with Rolls-Royce’s Bespoke Audio, a stereophonic that the swanky car manufacturer designates as being ‘the most thoroughly created sound system in automobile history’.

      With a copper-hued exterior, the car is indisputably glitzy. It houses a 1300-Watt stereo with 18 channels and comes with two bass speakers, seven tweeters, seven medium-level speakers and two extra speakers built in the vehicle’s headlining. Sound control can be mechanically adjusted to strike out extra sounds inside.

      18th August 2015

    • Ford Figo Aspire to grace the roads on 12 August

      Ford India has confirmed that their first and foremost ultra-compact sedan, the Figo Aspire, will be introduced on 12 August 2015. The advanced bookings have already started at a minimal down payment of INR 30,000 at any Ford showroom across India. It will also get MyFord Dock that permits car driver to keep, support and charge cell phones and assimilate it into the vehicle’s stereos.

      With umpteen first-in-class characteristics such as a 6-speed dual-clutch automated transmission, 6 airbags and many more, the Ford Figo Aspire will give a strong competition to the more popular Tata Zest, Maruti Suzuki Swift Dzire, Hyundai Xcent, Honda Amaze, and others in the arena. For your information, the Figo Aspire will be the first car in this league to provide airbags in the front seats across all modifications. It will be seen in 7 dazzling hues - Tuxedo Black, Ingot Silver, Oxford White, Deep Impact Blue, Ruby Red, Sparkling Gold, and Smoke Grey.

      17th August 2015

    • Mercedes-AMG S63 Sedan to hit the Indian market on 11 August

      Mercedes-Benz India had announced 2015 to be a '15-in-15' year and they have been on the go since. They have already seen launched nine makes including three in a single day this year. And the next one in line is S63 AMG sedan. It will be unveiled on 11th August and although the S63 AMG might not get many deals in India.

      The AMG variety of the S-Class has a more bellicose bearing and flaunts a sporty front bumper with bigger air apertures. The back bumper comes with an ingrained diffuser with a quad exhaust system. The 20-inch wheels and jaunty color combination add to the peppy look.

      16th August 2015

    • Record Sales: 2 Lakh Indian-Made Ford EcoSport in 2 Years

      The Ford EcoSport has attained the 2 lakh sales landmark in local wholesales and overseas distribution together. The car made its debut at the Delhi Auto Expo 2012 and it graced in the Indian automobile market the next year. And in two years, the EcoSport has managed to achieve this task in just two years. There are more than a lakh EcoSport owners in India alone (exactly 112,000).

      The EcoSport, since its take-off, has been lauded for its gripping value proposition. Ford EcoSport fashioned the compacted SUV section and rules the market due to its unparalleled value. The current milestone is yet another feather in its cap to the integral strengths of their compact SUV that goes on to set fresh standards even in a market as stimulating as this.

      14th August 2015

    • New Launch, New MINI Countryman of BMW India

      BMW India introduced the new MINI Countryman at the starting price of INR 36.5. The new Countryman that will hit the Indian roads through the CBU route will bear a curved bonnet, reshaped hexagonal framework, enhanced ground clearance, squat projections, xenon headlights with LED fog spotlights, and 17-inch composite wheels.

      The interiors is another surprise package as it comes with a marginally elevated seating position, multi-purpose Sport Leather Steering Wheel, height adaptable standard Sports Leather Seats, Radio MINI Boost CD, and an free 10 speaker 640 watt Hi-Fi Harmon Kardon music stereo. It is motorized by a 4-cylinder turbo-diesel engine and generates 112bhp and a torque up to 270Nm. It speeds up from 0-100Km/hour in 11.3 seconds on its way to a speedy 185Km/hour.

      12th August 2015

    • General Motors Set to Invest 1 Billion Dollars in India

      With the intention of expanding their Indian market share in leaps and bounds by the year 2020, General Motors has announced that it will be investing $1 billion in India over the next few years. Mary Barra, GM Global Head, made this announcement during her recent visit to India. It is anticipated that the proposed investment, to be focused mainly on the Company’s Talegaon facility in Maharashtra, will provide approximately 12,000 jobs for the company as well as its suppliers. Through this investment, GM aims to introduce 10 brand-new vehicles into the market.

      10th August 2015

    • The Elite Million Club Welcomes Maruti Suzuki Swift Dzire into its Midst

      Swift Dzire, one of the most popular car models offered by Maruti Suzuki, has crossed the significant milestone of selling over 1 million units. This has placed it as one among the “Elite Million Club’, among other cars like Omni, Wagon R, Maruti 800, Alto, etc. Maruti Suzuki Swift Dzire was launched in 2008 and has since seen an ever-rising demand in the Indian market. The major highlights of this model is that it is affordable, sturdy in build, has good mileage and has very low maintenance expenses. In commemoration of this latest achievement, Maruti Suzuki is launching a campaign called “The sweets are on us”. The present owners of Swift Dzire cars will get edible goodies via mail as well as receive edible art installations from malls across the country.

      7th August 2015

    • Mercedes-Benz Unveils Latest S Coupe Models in Indian Market

      Indian market has recently witnessed the launch of the brand new Mercedes-Benz S Coupe model cars - S500 and S63 AMG Coupe. In Delhi, the ex-showroom price of S500 Coupe is Rs 2 crore and the ex-showroom price of S63 AMG Coupe is Rs 2.6 crore. These 2 door Coupes are the latest extension of the S Coupe range of Mercedes-Benz cars. The S500 Coupe has a twin turbo V8 engine that develops 461PS of power and a torque of 700Nm. It has a 2945mm wheelbase and is t5027mm long, 1899mm wide and it’s height is 1411mm. Its AMG version, the S63 AMG Coupe, is powered by a 5.5-litre twin turbo V8 engine with 593PS of power and a torque of 900Nm.

      4th August 2015

    • Chevrolet Set to Launch Trailblazer SUV and Spin MPV in India

      Chevrolet plans to launch 10 new cars successively in the Indian market over a period of 5 years. As the first step in this impressive strategy aimed at reviving the its presence in India, Chevrolet is set to introduce the Trailblazer SUV by October of this year and the new Spin MPV by the year 2017. The ex-showroom price of the Trailblazer is expected to range from Rs 25-30 lakh. It has also been revealed that Chevrolet will also be introducing its new Beat notchback and hatchback by 2017. 6 more products are in line for manufacture by General motors for its emerging markets like China, Brazil, India and Mexico.

      4th August 2015

    • Nexa Premium Dealership Network launched in India by Maruti Suzuki

      With Maruti Suzuki aspiring to achieve a sales target of two million units by 2020, the company has launched its premium dealership network in India. This move is also expected to give Maruti Suzuki a strong hold in the premium car market with the upcoming S-Cross and the Ciaz. This dealership network in India comes after Maruti Suzuki’s decision to meet the diversifying needs of Indian customers by offering a new dimension of hospitality experience. Nexa will offer direction and value which will help Maruti Suzuki to cater to the needs of Indian customers in terms of innovation and hospitality. Over 1000 relationship managers from sectors like aviation, financial services and hospitality have been recruited and trained by Nexa to serve Indian customers.

      With Maruti Suzuki planning to open 100 dealership showrooms in the coming months, getting a car has just become easier than ever. Compare, shortlist and view all information about car loans on BankBazaar to apply for a car loan in an instant.

      3rd August 2015

    • Mahindra Thar gets a Major Cosmetic Update

      In a move to woo the adventurous car enthusiasts, Mahindra has given the Thar a mechanical locking rear differential along with some major cosmetic amends. Ever since the launch of the Thar, there has been two complaints from the off-roaders – the first being that it felt crude to attract a private car buyer and that it required a rear locking differential. The updated Thar, which is priced tentatively at Rs.8.03 lakh, will feature both the mechanical upgrades. Also, the Thar gets a crisp interior change – more comfortable seats, door trim, 12V charging point and an instrument cluster. On the exterior front, the new Thar will flaunt a new bumper design, clear lens headlamps and forward tilting canopy to quote a few. With a five speed manual gearbox and engine generating 247 Nm of torque and 105 PS power, the new Mahindra Thar is expected to be welcomed by all off-roaders.

      Looking to buy an adventurous private car? Check out exciting car loan options on BankBazaar and also compare deals. Also, take our car loan EMI calculator for a spin to plan your budget in advance.

      3rd August 2015

    • BMW Launches the New X6 Facelift in India

      The new BMW X6 facelift, launched in 2015, has been introduced to the Indian market. This latest version of X6 has enhanced aesthetic changes such as well-designed headlights, bumpers with chrome highlights, dapper alloy wheels and a remarkable looking kidney grille. X6 facelift has been launched only in the xDrive40d variant in India. This has a 3.0-litre twin-turbo in-line six, diesel motor of maximum 317PS power and a peak torque of 630Nm. The xDrive40d has a top speed of 240kmph, as claimed by the company. One of the major highlights is the installation of adaptive air suspension at the rear of the car, which makes it easier to drive on Indian roads. X6 will be available in the following colors: Mineral White, Alpine White, Carbon Black, Space Grey, and Flamenco Red Brilliant Effect. Consult BankBazaar.com for the best car loan options if you are a BMW X6 aficionado.

      31st July 2015

    • MU7 Automatic Launched in India by Isuzu Motor

      Isuzu Motor has launched the latest version of MU7 SUV at approximately Rs 23.90 lakh. India has seen a tremendous growth in demand for automatic diesel SUVs, and this has prompted Hyundai to launch Creta and Isuzu to launch the automatic variant of MU7 SUV. The MU7 has a 3.0-litre intercooled 4-cylinder unit that generates 162PS and 360Nm. MU7 automatic also has enhanced features such as new and improved music system, steering-mounted controls, satellite navigation, reverse camera synced with a touchscreen display, parking sensors, etc. There are also new and improved interior design and other additional features. MU7 SUV is currently assembled by Isuzu at the Hindustan Motors Ltd and the final product will be available for sale at the exclusive Isuzu dealerships situated across India. Interested? Keep your car loans handy.

      31st July 2015

    • Hyundai Has a Winner- Creta Scores 10k+ Pre-Bookings

      Hyundai’s upcoming SUV, Creta, is in the news, having notched up 10,000+ pre-bookings ahead of its public release next week. This five-seater has definitely captured the public’s imagination and is all set to do battle with current SUV favorites in the Indian market, including the Renault Duster and successful offerings from Mahindra & Mahindra, Tata Motors and Ford. Sporting a price tag that ranges from Rs 6.75- 15.99 lakhs, the Creta hopes to decimate the competition based on its stylish looks, unparalleled performance and its design plus development lineage that is rooted in Korea.

      Does the Creta sound like your next car? Check out the best car loan options available on BankBazaar.com to fund this dream. Next, burn some rubber!!

      30th July 2015

    • Auto Expo 2016 to see 40 car manufacturers

      The Auto Expo 2016 will see 18 three and two wheeler manufacturers along with 22 commercial and passenger vehicles. The flagship automobile show will be held at Greater Noida and will be organised by Society for Automobile Manufacturers (SIAM) and CII. The total area allotted for this exhibition is 50000 sqm, which is 20% more than the area that was required in Auto Expo, 2014.

      Both foreign and Indian automobile manufacturers will get immense scope to display their latest products in this exhibition. The latest two wheeler, concept cars, SUVs, commercial vehicles, etc. will all get a global platform to showcase their advanced technology. Insurance companies, Tyre companies, financial institutions, etc. will also take part in the upcoming Auto Expo, apart from the renowned automobile companies.

      30th July 2015

    • Launch of Fiat Abarth 595 in India

      Fiat India is about to commence its new leg of operations with the launch of its highly successful brand Abarth in India on August 4, 2015. The Italian manufacturer had announced in May that the first model in this line will be the Fiat 500 Abarth 595 Competizione. The model upholds the Italian design which is a classic and is well loved. There will also be an option for 5-speed manual transmission. The Abarth 595 hatchback series represents the apple of Fiat S.p.A’s eyes and is already being sold in few markets across the world. In India it is anticipated to rival the Mini Cooper S. Rumour has it that the car will be launched with a petrol engine that matches the one churning power in the model sold in the UK market. Features like comfort, braking, safety and suspension mechanism seems to be similar to the model from the UK market. To buy your very own Fiat Abarth 595, look out for the best car loan on a third party loan comparison website, like BankBazaar.com.

      28th July 2015

    • Ford Figo to make a Grand Entry into the Compact Sedan Category

      Ford Figo, expected to be launched in August, will compete against other popular cars in the compact sedan category like the Honda Amaze, the Tata Zest and Maruti Suzuki Swift Dzire. Ford Figo sports a grille adorned in chrome, inspired by the Aston Martin. The simple yet very elegant design also features a large chrome strip on the boot lid, 14-inch alloy wheels and the layered bumper combination. The Aspire’s dashboard will flaunt infotainment screens, audio & telephone controls and also media control buttons.

      On the engine side, Ford Figo will get a 1.5 litre turbocharged diesel engine and a 1.2 litre petrol engine making 204 Nm and 102 Nm of peak torque respectively. The good news is that Ford is planning to price the Figo competitively to make waves in the already booming compact sedan category.

      Want to own the new Ford Figo? Check out various car loan options on BankBazaar, compare loan deals and also apply for one instantly. To plan your finances in advance, you can make use of the car loan EMI calculator

      28th July 2015

    • Hyundai Creta is all set to change the compact SUV game in India

      One of the most awaited cars of the year, Hyundai Creta is all set to make a huge launch and compete against the likes of Ford Ecosport, the Nissan Terrano and the Renault Duster in the compact SUV segment. Creta sports a lot of funky features like three-slat front grille, LED Daytime Running Lamps, wraparound taillights and a spoiler with integrated brake lights. On the interior front, Hyundai SUV will feature a set of crisp interiors like in the elite i20. Hyundai Creta is likely to get the same engine as in Hyundai Verna which will be powered by a 1.6 litre petrol mill pumping 123 PS power and 155 Nm of torque. The petrol variant will come with a 5-speed manual gearbox while the diesel one will be mated to a 6-speed one. Hyundai Creta is expected to be launched in the coming festive season and will tentatively be priced at Rs.9 lakh.

      Waiting to pre-book your dream car? Check out various car loan options from BankBazaar and easily apply for one. Also, take our proprietary car loan EMI calculator for a spin to plan your finances in advance.

      27th July 2015

    • Maserati expected to re-launch in India

      Maserati, the Italian car company has announced that they will relaunch their operations in India, in July. The Ahmedabad-based Galaxy group will be opening the first Maserati dealership in India, in the city of Mumbai. It is very much plausible that the Italian car company would launch the GranCabrio, GranTurismo and Quattroporte models first. Both GranCabrio and GranTurismo will have 4.7 or 4.2 litre V8 engines. However, the Quattroporte will be endowed with a 3 litre V6 engine. Both petrol and diesel versions of the model will be available in the Indian market.

      The Ghibli Sports sedan is also likely to be launched and it comes with and 3 litre twin turbo V6 engine generating a torque of 500Nm. The top speed of the Ghibli is 263 kmph. If you are planning to buy any of these cars, it is advisable that you opt for a car loan which provides you with the upfront money to buy the car.

      27th July 2015

    • Mahindra Thar With a Brand New Facelift

      Mahindra is giving its celebrated off-roader make, the Thar, a dramatic cosmetic change this July, which entails a brand new interior and a few updates on the exterior. The automobile company has announced that a Fresh New Thar is all set to enter the market on July 22.

      Exterior updates consist of a plastic-metal front bumper, bigger foot rests and broader fire screen. The most conspicuous improvement however would be the soft roof cover, now slanted forward. This will be a huge transformation for those who are used to the Thar’s earlier rugged image. The Mahindra Thar at present sells between INR 5.04 lakh and INR 7.74 lakh (ex-showroom price in Delhi).

      23rd July 2015

    • Unravelling the Many Colours of Ford Figo Aspire

      The newest addition in the compact sedan segment, Ford Figo Aspire, will go up against stiff competition from other established players like Hyundai Xcent, Honda Amaze and Tata Bolt. The Ford Figo Aspire will be available in four different types – Ambiente, Trend, Titanium and Titanium+. The Ambiente model will be available with 1.2 litre petrol and 1.5 litre diesel engines with a manual gearbox. Figo Trend will also be available with same engines and manual gearbox. In addition to the features in Ambiente, Trend will flaunt front and rear fog lamps, inbuilt infotainment systems, Bluetooth, electronically adjustable ORVM.

      The Ford Figo Aspire Titanium will feature a 1.5 litre petrol automatic engine in addition to the other options. The only version with all three engine options, Titanium also will feature a perimeter alarm, climate control with safety aids and 14-inch alloy wheels. Titanium+, the highest variant in this range, offers additional features over Titanium. Ford SYNC, AppLink control, Infotainment screen, leather interior and airbags will definitely delight the buyer.

      Ford Figo is expected to be priced between Rs.5.5 to 8.5 lakhs. Get ahead of the line, book your dream car now without worrying about the financials. Compare and apply for car loans on BankBazaar and also use the car loan EMI calculator to plan your budget.

      23rd July 2015

    • Technical Specifications of the Ford Figo Aspire Uncovered

      Touted to go on sale from next month, Ford India has revealed the features and technical specifications of its upcoming compact sedan, the Figo Aspire. The design and technical aspects will be based on the second generation Figo, the hatchback from this American car maker.

      To be available in 3- engine options, the Figo Aspire will come with a 6 speed dual clutch automatic gear system, making it the first of its kind in the segment. The aspire gets dual airbags in the front while the top variant will be fitted with 6 airbags. When launched, this model is likely to give some tough competition to the segment flag bearers such as Swift Dzire and Honda Amaze.

      20th July 2015

    • BMW X6 M and X5 M Spotted: take-off together with new BMW X6

      Select spy images of BMW X6 M and BMW X5 M have hit the shorelines of India. The brand new BMW X6 M and X5 M are ready for launch before the end of month. These blood-brother cars are most likely to hit the market together. The rumors regarding X5 M is yet to be confirmed by the stakeholders, but this is also expected to be unveiled this year.

      Both BMW X6 M and X5 M are motorized by an advanced V8 unit with M TwinPower Turbo machinery that pumps out 583 PS and an immense torque of 750 Nm. Both prototypes have Drivelogic as a standard feature and are fortified with an eight-speed Steptronic transmission. Boasting of a dizzying speed from zero to 100 km/h in 4.2 seconds, gearheads across the country are eagerly waiting for its on-road appearance.

      20th July 2015

    • Specifications of 2016 Toyota Fortuner Revealed

      The Toyota Fortuner is a new generation car that will be unveiled globally in Thailand on 17 July, 2015. This new vehicle from Toyota will feature innovative exterior design, updated interior cabin and a new chassis among other features. The 2016 model of the Toyota Fortuner will be launched in India in 2016, along with a new generation enhanced Toyota Innova. Five different variants of this vehicle will be launched in Thailand, including a petrol-based variant, which will not be available to customers in India. The names of the different variants suggest that the vehicle will be equipped with 6-speed gearbox (automatic), 6-speed manual transmission and a 4X4 drive system.

      This car from Toyota will surely be a tough competitor to similar cars from other automakers. Most banks and financial institutions are likely to offer car loans to customers who want to purchase this vehicle when it is launched in the country.

      17th July 2015

    • Volvo India Launches Petrol Variant of the S60 Saloon

      Volvo, the Swedish car maker has launched the petrol variant of the S60 Saloon model in India, that will be available at all Volvo dealerships in the country. Built in India, the S60 T6 will be priced at Rs.42 lakhs(Ex-showroom, Delhi) and will be the flag bearer for the entire Volvo S60 range.

      This car follows a series of back to back launches from Volvo which includes XC90 & V40 Cross Country Petrol. The S60 T6 will be mounted with a 2.0 Litre, turbocharged engine with a peak torque of 400Nm and a maximum power of 306 bhp. Complimenting this displacement will be an 8-speed automatic transmission which helps the T60 in crossing 100kmph in just 5.90 secs with a top speed of 230Kmph. This fuel efficient saloon delivers an impressive 15.6kmpl (ARAI Certified).

      16th July 2015

    • Mercedes to Launch 4 SUVs in India

      Mercedes, the luxury car manufacturer, has announced that it will launch 4 new SUVs in the next 1 year. The German car maker has been involved in intense competition with fellow luxury automaker Audi, to become the number one luxury car manufacturer in India. With the launch of these new cars, the company hopes to aggressively acquire the top slot and become the market leader in the country.

      These new launches from Mercedes will include both new and facelift editions of earlier cars and will offer a variety of enhanced features to the customers. Over the last few years, Mercedes has been able to expand its business in India at an exponential rate due to initiatives such as addition of new dealers, product expansion and so on. Many lenders in the country now offer car loans to customers looking to purchase Mercedes cars, adding to the growth of the company in India.

      16th July 2015

    • Bleak Sales in June. Tata Motors & Honda Cars India Clock Double Digit Growth

      Top car makers in the country fell short of achieving the targeted numbers in June owing partly to pushing up dispatches in the same month last year to benefit from excise incentives. Sales during the month of June for most car manufacturers remained dismal. Most of them posted marginal growth and for some it even went down negatively. However, car makers are optimistic about sales in the next couple of months, cashing on newer models lined up for release.

      Leading the pack of dull sales were Maruti Suzuki followed by Hyundai and others. Many players such as Mahindra and Toyota failed to match the numbers recorded in the same month last year. Surprisingly, tier 2 car manufacturers such as Tata & Honda posted impressive unit sales across categories. Foreign car makers such as Nissan and GM witnessed substantial fall in sales during the month of June 2015.

      14th July 2015

    • Next Gen Toyota Fortuner Slated for World Premiere Later this Month

      One of the hottest sellers in the premium SUV segment, the new Toyota Fortuner will be assembled with CKD kits made in Thailand at Toyota’s production facility in Bidadi, Karnataka. Rumored to make its debut in India during the first half of 2016, the next gen Fortuner is scheduled to make its world premiere on July 17, 2015 in Thailand.

      Leaked images online hint at considerable overhaul in the design and structure. Changes in the powertrain is also expected by means of a 2.8L, 4-pot diesel motor with maximum power of 177bhp with a peak torque of 420Nm. Not much variation is expected in the pricing though.

      14th July 2015

    • Things to Expect From Volvo S60 T6

      Posted on 9th July 2015

      Volvo India is going to re-launch its luxury sedan S60 on 3 July, 2015. This launch will highlight a petrol-only version of the vehicle which will feature a 4-cylinder, direct-injected and turbocharged motor. The S60 will come with a 2-litre engine and a motor with output of 306 hp and maximum 400 Nm of torque. This vehicle will be quite similar to the already available diesel versions of Volvo S60.

      The auto giant Volvo was not very active in the country past year but this year the company has already launched three cars so far, namely the V40 hatch, new XC90 and V40 Cross-Country T4. The S60 will be the fourth car launched by Volvo India in 2015.

      With a decrease in the lending rate of car loans, this might be the right time to apply for a car loan and own this magnificent car from Volvo.

    • Mercedes-Benz Research and Development Centre Inaugurated in Pune

      Posted on 9th July 2015

      A new Mercedes-Benz Research and Development Centre opened in Pune, India, and was inaugurated at the Embassy Tech Zone in SEZ in Hinjewadi. This new R&D facility follows its expansion of the Pune production facility just last month. Mercedes had also just revealed the new GLE Class SUV in Pune starting at Rs. 31.3 lakh (ex-showroom price). The car loan sector may see more business as Mercedes Benz will be launching the GLC class and the GLE class in India this year.

      Mercedes-Benz Research and Development India (MBRDI) was founded in 1966 and headquartered in Bangalore. The new R&D centre in Pune spans 46,000 square feet with a large capacity of over 400 people making MBRDI one of the largest R&D facilities of Daimler outside Germany.

      Thomas Merker, Chairman of MBRDI, stated that MBRDI plays an important role within the global research and development organization. He said the new facility in Pune marks another milestone and allows them to expand while still being close to both the Mercedes-Benz plant and their relevant automotive suppliers. He also said India is a strategic location as an emerging market for the competent talent pool and global supplier network.

    • Chola to Offer Car Loans With Ola on Basis of Daily Repayment

      Posted on 6th July 2015

      Cholamandalam Investment and Finance Company Limited or Chola as popularly known, will be offering car loans to drivers on the Ola platform to boost entrepreneurial spirit among the driver community. Under the Pragati scheme promulgated by Ola, loans will be offered on a daily repayment basis.

      This scheme syncs with the drivers’ revenue model, who earn on a daily basis as they would have the comfort of paying off the loan as a daily expense. The scheme has helped over 15,000 drivers across the country to become self sufficient. This tie up with Chola enables drivers to procure a car at competitive rates and terms. It also extends the benefit of easy documentation and quick approvals. The daily repayment option equips drivers with financial discipline, helping them scale up in life.

    • Maruti Suzuki to Launch Swift Range Extender Later This Year

      Posted on 2nd July 2015

      Maruti Suzuki is working on the ambitious Swift Range Extender project, an hybrid car which is expected to provide an impressive mileage of 48.2kmpl. This hybrid car is mounted with a 650cc internal combustion petrol engine along and an electric motor, capable of generating 5kw of electric power. Hybrid, Parallel Hybrid and Electric are the three driving modes available in this car.

      This car is being designed under the FAME(Faster Adoption and Manufacturing of Hybrid and Electric vehicles) scheme from the Government of India that provides sops and incentives to manufacturers adopting greener technologies. It must be noted that there are not many hybrid cars in the country. At present, there are just a handful of cars such as Reva e20 and Toyota Camry which come with eco friendly technology.

    • Suzuki-Proton Deal to open new Avenues for Maruti

      Posted on 2nd July 2015

      Suzuki Motor Corporation and Malaysian automobile manufacturer Proton have entered into a new deal which will facilitate the assembly and sale of an entry-level car model. It is also predicted by experts that this deal will help Maruti fill the void which was created after the discontinuation of A-Star. As per the deal, Suzuki will source Completely Knocked Down (CKD) kits of cars to Proton.

      The first model to be manufactured according to the MoU will be a compact passenger car to be assembled by Malaysia’s first carmaker, Proton. Like the arrangement between Suzuki and Nissan Motor which helped Maruti Suzuki to increase its exports by 50,000 units a year, this deal is also expected to provide an instant access to another powerful export market.

      With a lot of unique car models set to take the automobile market by storm, you can also own an automobile now. Conveniently fund your car purchase with various loan options from BankBazaar.com.

    • The Jaguar XJ – 2016 model to hit the markets from autumn 2015

      Posted on 30th June 2015

      Jaguar has revealed the all-aluminium luxury car, the XJ. Subtle exterior design changes has been made to the already existing XJ model and the enhanced InControl Touch Pro system offers features like door-to-door navigation, 1300 W Meridian Digital Reference Audio and Wi-Fi.

      The flagship saloon also comes with a powerful V6 engine and a steering system that is electric power-assisted to deliver more power, torque and reduced fuel consumption. With a superior infotainment system, interior finishes, lower emission diesel engine and higher performance, the new XJ will delight drivers and passengers equally.

      Other prime features include J-signature tail, LED headlights, upright grille, high-beam assist and static bend lamp. The Jaguar XJ range will also include XJ Luxury, XJ Portfolio, XJ Premium Luxury, XJR, XJR-Sport and XJ Autobiography.

      Your dreams of owning a Jaguar can be turned into a reality with BankBazaar. Check out various loan options and compare car loan schemes to fund your automobile purchase without any hassles!

    • Audi Revives Q3. Launches Facelifted Version in India

      Posted on 26th June 2015

      In continuation with its effort to rev up its portfolio of car offering in the country, Audi India has launched a rejuvenated version of the Q3. The car comes with major cosmetic changes which includes an all wheel drive, LED headlights embedded with dynamic turn indicators and paddle shifters mounted on the steering.

      The new Q3 is pegged to compete with Mercedes GLA and BMW X1 in the segment. On the powertrain front, it comes in 2.0-litre petrol and a 2.0-litre diesel producing a power of 174bhp and a maximum torque of 380Nm. The transmissions on the offer are a six-speed manual and seven-speed dual-clutch automatic S-tronic. This bestseller for Audi is sure to win some more hearts in the country with the facelift version.

      If you’re contemplating on buying the Audi Q3 or any of the other models, financing it by means of a car loan is sure to help you in balancing monthly budget. Compare loan offers by various banks on BankBazaar.com and apply instantly.

    • Balloon Scheme and Top Up Loans To The Rescue of Car Owners

      Posted on 25th June 2015

      The car loan market is seeing a paradigm shift in terms of the schemes offered by banks and financial institutions which extend flexible payment options coupled with economical rates. HDFC and Tata have been at the forefront of this innovation with the Top up loan and Balloon scheme respectively.

      The top up loan offer from HDFC lets you have additional cash against your car. This option forecloses existing car loan by offsetting the balance with the approved top up loan amount. The customer can now start paying fresh EMIs.

      On the other hand, Tata Balloon Scheme is a tailor-made new car loan scheme for customers who are willing to repay the loan in substantially higher amount for one EMI and the rest in balanced monthly installments. The formats available under this scheme are 11-1 and 1-11 where the customer agrees to pay 1 installment (at the beginning or end of tenure) of a large amount and the rest in equated monthly installments.

      These schemes help in saving costs when compared to funding the car purchase by means of a Personal Loan.

    • Audi's Latest Offering in the Sports Car Segment - The RS6 Avant

      Posted on 10th June 2015

      German automaker Audi launched the RS 6 Avant on 04.06.2015, its fourth release in the sports car segment. During the course of 2015, this luxury car manufacturer has put in motion the Audi R8 LMX, TT Coupe and RS 7 Sportback in sync with the fast growing market for luxury cars in India.

      Priced at Rs.1.35 crore (ex-showroom Delhi), the RS 6 can accelerate from 0 to 100 km in just 3.9 seconds clocking a top speed of 305 kmph. Following suit this year will be 10 more launches from Audi catering to the growing needs of the discerning Indian buyer. Audi in India is facing stiff competition from the likes of Mercedes Benz and BMW.

      Audi has seen a significant growth of 11%(YoY) when it closed books in March this year. It sold 11,292 units in FY 2014-15 and sealed its position as the numero uno in the Indian luxury car market.

    • Volkswagen Beetle’s Newest Avatar Set to Hit India Soon

      Posted on 4th June 2015

      When it was launched in India the first time, the universally popular Volkswagen Beetle turned into a dud. Poor sales hurt this iconic hatchback and its expected triumph was curtailed. However, Volkswagen isn’t the one to give up easily and is hoping to make a better impact in India with the next-gen Beetle. An important part of Volkswagen’s plans to launch 5 cars within 2 years in India, the updated Beetle sports a 1.4 litre TSI variant engine that is expected to add a decisive vrooom to its unquestionable aura. Definitely a high end offering, pricing starts at Rs. 25 lakhs. But, with a plethora of car loan offerings in the market, improved buying power of the fast moving Indian middle class and that distinct Beetle brand name, the price is definitely not a problem.

    • Aspire Set to Carry Ford Figo’s Goodwill into Sedan Segment

      Posted on 4th June 2015

      The Ford Figo is a delightful and popular hatchback, the forthcoming Ford Figo Aspire is its big brother in the equally competitive compact sedan segment. The Ford Motor Company is on the upswing in India, with popular offerings like the aforementioned Figo and the Ecosport. With a launch like the Ford Figo Aspire, the company is hoping to make a dent in the extremely competitive compact sedan category that is populated by the likes of the Honda Amaze, Tata Zest, Hyundai Xcent and the Maruti Suzuki Swift Dzire. Promising delightful looks and powerful performance, the Aspire will likely be priced between Rs.5-8 lakhs and be available in a few months time. Looking for a good car loan to be prepared for when the Aspire hits Indian shores? Check out BankBazaar.com.

    • Maruti Suzuki Celerio Goes Diesel, Launch on June 3

      Posted on 2nd June 2015

      Celerio, Maruti Suzuki’s successful hatchback, is set to roll out a diesel variant. The car is set to feature a small 800cc 3-cylinder turbocharged diesel engine that spurts out 50PS of peak power, under a choice of either manual or automatic transmission. Maruti Suzuki is planning to launch this variant on June 3 and promises that the car will cost just a miniscule bit more than the popular petrol version. For those checking out possible car loan options, the car is likely to cost around Rs.5 lakhs, and is likely to spawn a lot waiting line of expectant buyers.

    • Maruti Suzuki Opens Exclusive Dealership For Premium Segment Cars

      Posted on 28th May 2015

      The country’s top car maker has opened its first showroom in Dwarka, New Delhi dedicated to its offerings in the premium car segment. At present, this dealership houses Ciaz, the sedan class car which will soon be joined by the likes of upcoming crossover S-Cross/Across followed by the premium YRA hatchback later this year.

      Christened as Nexa, Maruti Suzuki plans to ramp up the premium dealership network by openings showrooms in major cities across the country. This network is aimed at helping it shed the popular perception about Maruti as a budget segment car maker and to provide a premium buying experience to the affluent buyers. Nexa will serve as a home for the upcoming premium segment models of this Indo - Japanese car maker.

    • Mahindra Expected to Launch XUV 500 in 2015

      Posted on 28th May 2015

      The XUV 500 was introduced by Mahindra in 2011. However, the company has not upgraded the vehicle since then. Now, it is expected that the company might launch an upgraded version of this popular SUV on 25 May, 2015. The report is not yet confirmed and the date is tentative at best but car enthusiasts are eagerly waiting for this launch. Spy shots of the new version of XUV 500 have been circulated across social networking platforms for a while.

      It is expected to include a 4 cylinder, 2.2 litre oil burner with a power output of 140PS and torque of 330Nm. Analysts are of the opinion that the launch of the refreshed XUV 50 might help in improving the sales of this popular XUV from Mahindra.

    • Eco-friendly vehicles running on air? Ask Indian scientists!

      Posted on 22nd May 2015

      Cars that move on air and gust out water vapor as emission? This is not some science fiction. Indian scientists state that solar power can be combined with special instruments called fuel cells to produce unpolluted energy.

      At a time when carbon dioxide exhaustions from automobiles have come under the radar for grave environmental issues, fuel cells are being viewed as favorable substitutes to fossil fuels. What is more, fuel cell cars are a reality now. In November 2014, Toyota launched the Mirai, one of the first hydrogen fuel-cell cars. Honda too flaunted its glossy eco-friendly car designed on the same theory. Eco warriors in India, it won’t be long before you search BankBazaar.com for a car loan that will help you get one for your own, patience!!

      Of course fossil fuel has some disadvantages- the main one is that it produces greenhouse gas like carbon dioxide. And the unfinished ignition leads to emission of lethal toxin like carbon monoxide. But in a fuel cell, hydrogen mixes with oxygen to generate power, heat, and liquid, making it ecological. Owing to the storing and security issues of hydrogen, the current focus is to use hydrogen peroxide as the basis.

    • India’s Pride, Mercedes-Benz C-Class Diesel Launched at INR. 37.9 Lakh

      Posted on 22nd May 2015

      Mercedes-Benz India evened out the locally produced brand new C 220 CDI from its industrial facility in Chakan in Pune. This is just three months after it was debuted in India. The cost of this fully ‘made-in-India’ Mercedes-Benz C-Class begins at INR. 37.90 lakhs and it has already amplified the localization content in the latest C 220 CDI to 60 percent.

      Mercedes-Benz C-Class Diesel Showroom Price (Delhi):

      i. C 220 CDI Style: INR. 37.90 lakh

      ii.C 220 CDI Avantgarde: INR. 39.90 lakhs

      As an out and out champion of the World Car of the Year Award (2014), the C-Class manufactured in India will be powered by the 2.2-litre 4-cylinder diesel engine that gets up a torque of 170bhp and 400Nm. It can fast-track from 0 - 100Km/h in a sheer 7.4 seconds on its way to a high-speed of 233Km/h. The cherry on top is that it is also the most fuel-effective car in its class with a mileage of 19.27Km/l. Hopefuls, keep that car loan handy- the fully desi Mercedes Benz is here to rock your world.

    • New Honda Jazz to be launched in India in July 2015

      Posted on 20th May 2015

      Honda Cars India has formally declared the unveiling of the glitzy new-generation Honda Jazz in July 2015. They uploaded an attention-grabbing teaser image of the Jazz on the automobile company’s social media portals with a caption that “All new Jazz coming in July”. Its cost will probably vary between INR. 4.7 lakhs and INR. 8 lakhs, all ready to give full on competition to the likes of Maruti Suzuki Swift and Hyundai i20.

      Though the earlier avatar of the Jazz proved to be a disaster in the market, it is now back with a bang, complete with a spectacular design plus a diesel powertrain. The options available on engine are 1.2 litre i-VTEC petrol and 1.5-litre i-DTEC. People lining up to purchase cars this season now have one more name to add to their shortlist- Honda Jazz. Plus, attractive car loans from leading banks are available, as and when you think of jazzing it up with the Jazz.

    • Renault Scheduled to Showcase XBA -
      The Small Budget Car

      Posted on 14th May 2015

      Renault, the French car maker is all set to unveil its latest offering in the hatchback segment, a small car codenamed XBA which seems to have struck the right note in the media. Scheduled for a launch on May 20, this small car is expected to compete with low on budget cars from the likes of Maruti Suzuki and Hyundai. This segment is currently dominated by models like Alto, Ritz, Eon and others.

      The XBA will be based on the Common Module Family (CMF) platform which has proven its mettle with the Datsun series. Pegged to be priced under Rs.4 lacs, this model will be offered in four different variants mounted with a 800cc petrol engine and is likely to be assembled at Renault-Nissan Oragadam unit in Chennai.

      If you’re keenly looking forward to purchasing the XBA, a car loan provides you the required financial impetus.

    • Nano GenX Aims To Lift Ailing
      Nano Sales

      Posted on 14th May 2015

      In what might be compared to the phrase ‘fall from glory’, Tata Motors is putting every ounce of effort to revive its star. The Nano GenX, set to be launched on May 19, is the first major overhaul of the Tata Nano since its launch in 2009. Targeted at customers looking for economic conveyance solutions, the Nano GenX has undergone a complete overhaul in terms of mechanics and aesthetics. The interiors and exteriors have been re-styled for a trendy look while the vehicle features new Automated Manual Transmission (AMT) gearbox technology, making it the cheapest automatic transmission enabled vehicle in the country.

      With other Tata Motor launches like the Zest and Bolt performing well in the market, Tata Motors now banks on the Nano GenX to continue its lucky streak. Customers looking to purchase the Nano GenX can do so with the help of a car loan, which is one of the most advisable options.

    • 2016 Might Witness the New
      Generation Ford Figo

      Posted on 12th May 2015

      Ford, a well-known American automobile company, is all-set to launch their new-generation Ford Endeavour followed by the all-new Ford Figo Aspire, this year. The next-generation Ford Figo hatchback is also lined up for launch by the end of the current fiscal year. Ford started the production of their next-generation Figo since February 2015 at their manufacturing unit in Gujarat. With an integrated spoiler, swept back headlamps, trapezoidal honeycomb grille and a stumpy boot lid, the new Figo will share some of the features with the upcoming Aspire. The next-generation Figo will have the same engine as that of its predecessor but will flaunt new peripherals and cylinder head. This car will definitely be a tough competition for Maruti Suzuki Swift, Hyundai i10 Grand and Tata Bolt. With banks providing car loans at easy-to-pay interest rates, you can definitely go ahead and afford this car. The car loan provides you with the upfront amount you need to get this dream car.

    • Hyundai Claims to Make Bigger
      Cars with More Space

      Posted on 7th May 2015

      A height of 6 feet and 6 inches with a weight of 300 pounds makes Daniel Farnes, Finance Manager of Planet Hyundai Sahara, a pretty big man. But he fits comfortably inside 2014 Sonata GLS. There was a time when he used his size fitting easily inside Hyundais as a selling idea. He added that the trunk was big enough by mentioning that he could easily crawl into it. The Hyundai Sonata was specially designed to offer more space and comfort.

      May it be the interiors or the performance, every Hyundai is a class above. A brand new Hyundai comes with a 10 year long warranty including complimentary roadside assistance. And, with car loans very easy to come by, you can get your very own Sonata too.

    • A Pre-Launch Campaign For the New
      GenX Nano Announced By
      Tata Motors

      Posted on 4th May 2015

      Tata Motors has decided to reward its existing Nano customers, by offering them the chance to be among the first owners of the new Nano GenX. The company has launched an exclusive campaign called ‘Power of 1+1’ programme for the existing customers. The new GenX Nano will come with Automated Manual Transmission or Easy Shift. Through the Power of 1+1 programme, the existing Nano customers will get Rs 20,000 as special bonus and will also be offered with the best price possible for their old Nano cars. Apart from that, they can also take advantage of a referral programme wherein they will be given Rs 5,000 as a cash prize for each person they refer.

      In order to make it convenient for the existing Nano customers to purchase the new Nano Genx, Tata Motors has tied-up with various financial institutions to offer them with car loans at attractive interest rates. Looks like it’s the right time to go Nano!!

    • The launch of the new Volvo
      XC90 preponed in India

      Posted on 2nd May 2015

      Car enthusiasts in India have something to cheer about. Volvo India, the automobile giant, has preponed the launch of the new Volvo XC90 to May. Volvo was supposed to launch this highly anticipated car in September but the company decided to prepone the launch due to high demand. Two variants of the Volvo XC90, the Inscription and Momentum, will be available in India. The Volvo XC90 will feature very elegant interiors with only a few buttons and a 9-inch touchscreen.

      Both the variants of the XC90 will be powered by a new turbocharged D5 4-cylinder diesel motor with a max power of 228PS. The car might also be available with a T8 petrol engine along with another four-seater variant. This car from Volvo will be a direct competition to the Audi Q7, Mercedes-Benz GL Class and BMW X5. The Volvo XC90 will most likely have a price tag of Rs 65 - 70 lakhs in India. When it does release in India, the string of versatile, customer centric and easily available car loans should come in handy.

    • Jaguar XE- Expected to Vroom into India by 2015-16

      Posted on 28th April 2015

      The iconic Jaguar automobile company is bringing forth the much anticipated Jaguar XE, with production commencing in full flow at JLR’s brand new Solihull factory in the UK. This high end car is expected to be available in India by the end of 2015 or the first quarter of 2016. Expected to compete against the likes of BMW 3 Series, Audi A4 and the rest of the trendsetters, the Jaguar XE will be produced in both the petrol and diesel versions.

      And, this is good news for the auto-freak Indian, as a plethora of car loan options are available across comparison websites such as BankBazaar.com. Get set, source the car loan, and burn some rubber with the Jaguar XE.

    • Next Gen Fiat Linea is Coming to India in 2016-17

      Posted on 27th April 2015

      Fiat Linea, an admired name in the Indian automotive scene, is getting a fresh breath of life. The next generation Linea is undergoing secret testing in Italy, and preliminary estimates predict that this upgraded model will hit Indian shores in late 2016 or the first quarter of 2017. Fiat Linea has been a preferred choice amongst Indian car buyers since 2014, and was slightly modified from its original brethren (launched in 2007) to suit Indian conditions. It is expected that the next gen Linea, currently under wraps, will also be suitably modified to better deal with Indian conditions and sensibilities.

      And, when the brand new Linea does hit the Indian roads, a suitable car loan will help you get one for your own self. With car loan comparison websites like BankBazaar.com, finding the perfect loan is that much easier.

    • Audi A3 2015- The 50 lakhs Trailblazer is Here!

      Posted on 27th April 2015

      The global automotive icon, Audi, considers India a very promising market when it comes to its urbane line of high-end vehicles. In this regard, the launch of the peppy 2015 Audi A3 Convertible adds another potent performer in its stable of luxury vehicles offered in India. Priced at just over Rupees 50 lakhs, the car is a dream machine on wheels. With top end configurations under the hood, plush interiors, the option to turn convertible and the aura that comes with the Audi tag, the A3 is expected to earn top billings in India. And, with readily available car loan options, and online comparison websites that help you zero in on the best car loans, you don’t have to be just a bystander as the A3 zooms past you, go ahead, get your own!

    • NGT Ban on Diesel Vehicles Spurs
      Alternatives in Delhi

      Posted on 22nd April 2015

      The National Green Tribunal (NGT) is all set to ban vehicles that operate on diesel fuel and have been playing on Delhi’s roads for over 10 years. This move is aimed at addressing the incrementing air pollution levels in the capital city and is likely to prompt evasive and alternative action from the common populace. While the impact on the sale of new diesel vehicles is pretty obvious, the cascading effect will also engulf second-hand vehicles- prompting steep price cuts among other things and also potentially, impacting the evergreen spheres of car loans and second hand car loans. The NGT advises that replacing your vehicle’s diesel engine with the more efficient and less polluting CNG engines is the ideal way to go. However, with costs of such replacements peaking at 30,000-50,000 Rupees, will there be many takers for this flash solution? Only time will tell.

    • Car Manufacturers Nudge Banks to Further Reduce Car Loan Rates

      Posted on 20th April 2015

      Car manufacturers in India are unhappy on the quantum of reduction in base lending rates by leading banks in the country. They are of the opinion that banks need to do more to pass on full benefits of the recent repo rate cuts by the country’s apex bank. A cartel led by Maruti Suzuki is pressing for cut in car loan interest rates by at least 50 basis points with a belief it will improve car sales in the country.

      Earlier this week, the governor of RBI came down heavily on banks for not passing the perks of repo rate cuts to consumers. Reacting swiftly to the governor’s directive was State Bank of India (SBI) which cut its base lending rate by 0.15 percentage points. HDFC & ICICI followed suit by announcing cuts of 0.15 and 0.25 percentage points respectively. Car makers see this as an optimistic move but are asking for more to improve consumer sentiments in the car finance segment.

    • Maruti Suzuki YBA compact SUV Testing In Full Swing

      Posted on 7th April 2015

      Maruti Suzuki, India’s biggest car maker is leaving no stones unturned in ensuring its upcoming compact SUV hits the right note when it is showcased at the Auto Expo early in 2016. The YBA spotted in testing phase looks promising and is based on the Swift platform. Maruti Suzuki seems to have taken a cue from the success story of the Ford Ecosport by building a car in the budding Compact SUV segment.

      Slated for a 2016 launch, the YBA will have variants in both Petrol and Diesel.The YBA is likely to be fitted with the 1.4-litre K14B petrol unit at 95PS and 130Nm of torque. The Diesel version will come with a 1.3-litre DDiS engine at 90PS and 200Nm. By the looks of it, the car’s design is largely based on Suzuki iV-4 concept.

      Car loans fuel your dreams of owning a car. It is important to compare rates and terms online before choosing a bank to fund the car purchase that ensures that you get the best deal.

    • Ola Pragati to Promote Self Employment Amongst the Driver Community

      Posted on 7th April 2015

      Ola Cabs, India’s leading cab aggregator, unveiled a path breaking car finance scheme with State Bank Of India which lets drivers affiliated with Ola service procure cars at attractive terms. This exclusive project is aimed at promoting self sustenance and entrepreneurship among the driver community.

      Under this arrangement, associated Ola drivers are eligible for a fast track car loan from SBI at a down payment of 10% coupled with simple documentation. Unlike the conventional EMI based monthly repayment system, repayment under ‘Ola Pragati’ is based on the concept of daily debit which will benefit the driver in terms of repayment of loan like a daily expense. The primary motive of this collaboration is to nurture thousands of drivers in fulfilling their self employment aspirations.

      Over 70% of drivers running on the Ola platform operate their own cars, thanks to similar efforts by this cab aggregator in the recent past.

    • Pros and Cons of Applying for a Joint Loan

      Posted on 1st April 2015

      With more and more women continuing to work post-marriage, the trend of applying for joint loan has gained momentum. Be it a car loan or home loan, a working couple applying for a joint loan get more benefits. One of them being the eligibility for a higher loan amount, in comparison to applying for a loan individually.

      Apart from the salary, the bank approving the loan also takes into account the applicant’s credit profile and debt-to-income ratio. If one spouse doesn’t fulfil anyone of the criteria then the loan application can be rejected. Also, if any one of the spouses fails to pay his/her share of the EMI, under a joint loan, it could mean trouble for both.

    • Skoda comes up with the new
      ‘Zeal Edition’ across cars

      Posted on 27th March 2015

      Skoda’s Indian model line-up is getting a new twist. A new variant, called the Zeal Edition has been introduced. The cars under this edition will be characterised by black leather and alcantara upholstery. These cars, marked with unique interiors, will be available in addition to the Skoda cars already plying across Indian roads.

      The Yeti, Octavia and Superb will feature black alcantara and leather seats, a black dashboard and black door trims. The Rapid Zeal Edition will be revamped with alcantara and leatherette seats, rear parktronics, observation mirror and floor textile mats. The good news for car lovers is that this edition also features a Garmin navigation device with rear view camera. Available for a limited period, the Rapid with its new features is quite tempting while the Zeal edition can be pitched on the same level as City and Ciaz.

    • Fuel Efficient Version of Renault
      Duster Launched in India

      Posted on 25th March 2015

      Renault Duster was a runaway success when it was released in 2012 receiving over 29 awards since its launch. Now, Renault Duster 2015 model is all set to rock the automobile market with updated features like monocoque construction and Eco Mode. The new interior updates include cruise control, speed limiter and new upholstery that will give the SUV a fresher look. The updated Renault Duster will come in both petrol and diesel variants and will operate in Eco mode that is said to improve the fuel efficiency by up to 10%. The all-new Renault Duster will compete with other SUVs like Tata Safari Storme and Mahindra Scorpio.

      With automobile manufacturers coming up with new car launches, buying a car for yourself need not be only a dream. Compare and choose the best car loan deals in the market using BankBazaar.com. Also, give the car loan EMI calculator a try to plan your finances suitably.

    • Chevrolet Captiva Launched in
      India with Elite Features

      Posted on 25th March 2015

      General Motors has finally launched its much-awaited SUV, Chevrolet Captiva in India. The 2015 Chevrolet Captiva costs Rs.25.13 lakh for the manual transmission model and Rs.27.36 lakh for the automatic transmission type. The all-new Chevrolet Captiva comes with a lot of stellar features, the main one being the “Cluster Ionizer” concept. The Cluster Ionizer will generate ions to deodorize and automatically purify the car interiors.

      With jet-black interiors, Captiva is also equipped with third-row heating, electric parking brake, rain sensing wipers and sunroof. Loaded with six airbags, assist-equipped brake discs and traction control system, Captiva will make your ride safer. Powered by a 202-litre motor at 3800 rpm and 400 Nm of torque, the SUV offers flexi seating arrangement for 5+2 passengers.

      With banks offering exclusive car loans for SUVs, you can also own a Captiva now. Also, check BankBazaar.com for customized car loan offers and try the car loan EMI calculator to plan your finances in advance.

    • Easy loans for cab drivers, courtesy
      app-based cab companies

      Posted on 23rd March 2015

      App-based cab companies have become household names in a short spell, thanks to their quick and impeccable service as well as reasonable fares. An innovative business model is designed to bring car drivers, investors and cab companies to an integrated platform- driver-cum-entrepreneur model. Service companies assist individuals to avail easy auto loan with nominal interest and flexible tenures on the condition that they work for the company. This is a win-win-win situation for everyone involved in all aspects.

      Renowned companies such as Uber, Ola and Meru follow this model and continue to reap heaps of benefits. Unlike regular vehicle loans, applications referred by cab companies cover 90 percent of the road price of the car. Hence people from poor economic background who usually do not have any savings can easily become car owners and easily pay back the loan from the income made out of it.

    • India’s Honda Jazz Displays
      Multiple Hues in Geneva

      Posted on 17th March 2015

      Honda has paraded the brand new Jazz at the Geneva Motor Display, which is one of the most awaited inaugurations of the year. Honda presented the Jazz in the Japanese Domestic Market (JDM) at the end of 2013 and there were assumptions that it would be promoted in India the following year. Nevertheless, the humungous H has awaited this vehicle and it became their first launch in India this year.

      The new Jazz is constructed on the similar light and unyielding stand as the forthcoming HR-V. It is longer than its precursor by 95mm as well with an extended wheelbase. This makes it even roomier than the existing model. Moreover it has a 354 liter boot space. Since the price has come down tremendously, Honda Jazz sells as much as its rivals Hyundai Elite i20, though it is not as sporty-looking as the latter. The expected price will range from 6 to 8.5 lakh.

    • Fiat India 5X5 - A Sphere of
      Benefits For Prospective Buyers

      Posted on 17th March 2015

      Fiat India, curious to ramp up car sales has launched the “5*5”, aimed at luring prospective car buyers with charming benefits on its entire car range across varied segments. This concept is a combination of 5 key aspects of a Fiat car multiplied by 5 benefits of buying one.

      The 5 distinctive facets are Italian styling, strong build quality, top class ground clearance, rich features and superior ride & handling. The 5 benefits of this scheme are 5.5% interest rate on car loans, 5 years warranty, 5 free services, 5 years roadside assistance and a chance to win couples trip to Italy. The Italian car maker is leaving no stones unturned to ensure success of this campaign aimed at ramping up car sales in various segments.

    • Mercedes Benz India Set
      To Launch B-Class Facelift

      Posted on 12th March 2015

      Mercedes Benz is geared to launch the 2015 B class facelift in India on March 11th, 2015. The revived B class will look elegant with new LED projector headlamps, logo etched grille along with a bumper that is redone with embedded stylish fog lamps in the front. In the rear section, the car has undergone considerable changes with new tail lamp graphics, remodeled bumper and integrated exhaust.

      The German car maker has given equal prominence to the interiors with a new instrument cluster, a new infotainment system with an 8 inch screen, three spoke multifunction steering wheel and a host of other cosmetic changes. This facelift model made its global debut at the Paris Motor Show in October, 2014.

    • Hyundai India to Launch
      i20 Active on March 17th 2015

      Posted on 12th March 2015

      Hyundai, the Korean car maker is all set to uncover i20 Active, the crossover version of its famous i20 series of hatchback on March 17th. The model conforms with Hyundai’s Fluidic Sculpture 2.0 design philosophy.

      This urban crossover will retain the feel of its hot selling mate, the i20, coupled with aggressive designing. With drooling features like projector headlamps, roof spoiler and roof rails, new rear fog lamps, it is likely to come with a 17 inch sporty looking alloy wheels. In the interior section, the i20 active is expected to undergo substantial changes to sync with its exterior SUV looks.

      The i20 Active crossover design is the brainchild of Hyundai’s design studio in Russelsheim, Germany & is expected to be on the price band of 6 -8 Lacs. This new offering from Hyundai is likely to stir up some stiff competition in the Indian crossover car segment.

    • Renault India Revives Pulse

      Posted on 10th March 2015

      Renault has rejigged Pulse, its small car offering in India to launch the revamped version at Rs. 5.03 Lacs (ex-showroom Delhi). The new Renault Pulse 2015 gets steering mounted controls, automatic headlamps & height adjustable drivers seat. In addition, Pulse has also undergone cosmetic changes inside the cabin with a dual tone dashboard.

      The 2015 version gets a thumbs up for its superior security & techno add ons such as

      1.Smart key access
      2.Dual airbags with crash sensors
      4.Auto folding ORVMs
      5.2 DIN music system with Bluetooth and USB connectivity

      With so many top end features, Pulse 2015 promises to be a leading feature rich car in the hatchback segment. The French car maker is due to launch two MPVs and a small car during the first half of 2015, adding more horses in its stable.

    • Car Loans Set to Cost Lesser
      Thanks to RBI Policy Rate Cut

      Posted on 6th March 2015

      Lately, the Reserve Bank of India (RBI) has been full of surprises. Continuing this trend, the apex bank has slashed the key policy rate by a mammoth 25 basis points, a move that will force banks to drop the interest rates on their loan products, including the lucrative segment of car loans. Henceforth, the policy repo rate will stand at 7.5% and the update will come into effect immediately. Earlier, the rate stood at 7.75% and there had been rife discussions about the inevitability of such a development.

      However, the Cash Reserve Ratio (CRR) remains unchanged of scheduled banks at 4% of net demand and time liabilities (NDTL). Plus, the daily variable rate repos and reverse repos will continue as usual to aid in smooth liquidity. This update from RBI comes as a real shocker- the quantum of which differs from banks that supply the loans to customers who enjoy them (at a lesser interest rate, of course).

    • Tata Zest, the premium hatchback
      launched by Tata Motors in August
      2014 has gone under the knife with
      sizeable changes in standard features.

      Posted on 4th March 2015

      1.Alloy wheels, that used to be a standard feature for all its models has now been replaced with steel wheels. However, alloys are still available with Zest XT variant as a standard feature.

      2.The intriguing 3 Years Zero Maintenance Plan(Silver pack) on all the Zest variants is now reinstated with a standard warranty of 2 years.

      3.Customers can go for an extended warranty( 4 years) by paying an upfront fee of just Rs.8000.

      4.Prices have been hiked in the range of 4 - 5 % on both Revtron (petrol) and Diesel variants.

      For the prospective hatchback car buyers, this must not really be a bother considering the gamut of features Zest still retains, making it a desirable family car in India.

    • BMW planning to launch
      the X7 in 2017

      The X7 has been in the news for quite some time now. It did not hit the roads in 2014 despite BMW’s best efforts but it is expected that the SUV will be available globally, inside a couple of more years. The model X7 has been spotted testing on international roads many a times and this is fueling these widely spread speculations. X7 will be the largest Sports Utility Vehicle (SUV) to be produced by BMW. With higher centre of gravity and a longer wheelbase platform, this model is all set to outperform the other SUVs. Even though the official information is yet to be released, X7 is expected to go on world-wide sale by 2017. There’s good news too- with a lot of banks offering car loans up to 90% of the ex-showroom price, owning a BMW need not be just a dream now. Also, you have time until 2017 to plan the finances accordingly. And if you cannot wait- check out varied car loan.

      27th February 2015

    • Interest rates reduced as part of
      State Bank of Hyderabad’s
      special campaign

      As a good news to consumers, State Bank of Hyderabad has reduced its interest rates for gold and car loans offering special loan packages with renewed interest rates. The interest rate for the car loan campaign which was launched in October 1, 2014 has been slashed by 20 basis points from 10.50 per cent per annum to 10.30 per cent per annum. Adding to this, rates falling under the Combo car loan campaign have been reduced by 15 basis points from 10.40 per cent per annum to 10.25 per cent per annum.

      Gold will be more attractive to SBH customers, with the bank also lowering the interest rates levied on gold loans to 10.50 per cent per annum. The gold loan campaign launched in September 8, 2014 has been extended till March 31, 2015. SBH reiterated the fact that these offers are available only for a short period of time and all types of customers are eligible to apply for them. Further, the bank is also waiving of the processing fees normally charged on these loans, as an added benefit to customers.

      18th February 2015

    • Combination of Factors Boost
      Car Sales in Jan-2015

      2015 has started on a high note for the Indian automobile sector, with car sales in January having dwarfed the numbers set a year ago. The primary reason for this rests in the lowering of fuel prices that translates into lower vehicle ownership costs. Further, RBI’s recent action to slash the key policy rate, and prospective hopes that more cuts are in order, has impacted the interest rates applicable to car loans in sufficient degrees to renew the demand for cars. Individually, Maruti Suzuki has reported a 9% hike in domestic sales to account for 105,559 units, Hyundai with a 4% increment at 34,780 units, Honda accounted for a 17% boost at 15,714 units and Toyota Kirloskar notched up a 16% upswing to sell 12,650 units in January 2015. Tata Motors, accounting for sharp loses in the last two years, also enjoyed the January revival- selling 13,047 units and notching a 19% hike in sales figures. All these major automobile manufacturers are hopeful that as the year progresses, the numbers will only get better.

      12th February 2015

    • Car Loans Set to Become Cheaper
      with More RBI Rate Cuts

      The planned policy review was slated for February 3, however the Reserve Bank of India (RBI) jumped the gun and imposed a deduction of 25 basis points on repo rates (also called lending rates) as of January 15, effectively dropping down the rate to 7.75%. This translates into a definite probability that car loans as advertised by various Indian banks will also witness a corresponding reduction in interest rates. But, this is just half the story. Most industry experts, including influential names like Morgan Stanley expect this rate to fall further, a full 125 basis points over the next 12 months (taking the overall haul to 150 points). These experts are pointing to subtle hints that indicate that the RBI is at the start of a serious rate cut cycle. This will reduce the cost of capital for banks that in-turn will cause the fall in lending rates across various portfolio products, including car loans. The timing of these cuts however, will depend of the bank’s individual perception of the situation.

      10th February 2015

    • Carmakers describe
      RBI’s rate cut as too little!

      While the country may be rejoicing over the current repo rate cut by the RBI, car industry players think that the rate cut not only is too late but is too small as well. They were anticipating a rate slash of at least 0.5% since the last repo rate cut had happened 20 months ago in the year 2013.

      However, experts feel that it is not the actual cut that matters rather the direction which the rate took that is more significant. This is because a cut in rate signals a positive movement of the economy and a step towards reducing the inflation rate which has been riding considerably high for the past few years.

      The banks and other credit providers are now expected to take cue from RBI’s move and start to reduce rates so that demands for credit improve. Also, if the economy continue to do well, RBI is expected to reduce the repo rate further thereby providing greater relief to the customers.

      2nd February 2015

    • New Cars hitting
      the Indian roads in 2015!

      Have you been holding back the decision to buy a new car? Now is the right time to start planning again. With a bunch of new cars set to hit the Indian roads in the year 2015, you can choose from a new array of car models and own your dream car. Here are a few cars that are coming your way in 2015.

      Tata Bolt: This hatchback from Tata Motors will be out in late January. With this car, Tata is hoping to grab a comfortable place for itself in the hatchback segment. The car is loaded with new features like satellite navigation and projector headlamps. The introductory base price of this car is Rs.4.2 lakhs.

      Mercedes Benz CLA Class: The latest from Mercedes is a compact luxury sedan which will be out in January. The car will be launched in both Petrol and Diesel variants. This CLA class will be priced lower than the GLA class of Mercedes.

      Datsun Go+: Datsun Go was launched last year in the Indian market. The company is geared up to launch the enhanced Go+ model this year. The new model is said to produce more linear power delivery however, the car isn’t loaded with too many features. The prices start at Rs.3.6 lakhs since even the highest range model doesn’t come with features like airbags, ABS and alloy wheels.

      30th January 2015

    • Mercedes CLA Shooting
      Brake set to be rolled out
      in March

      For all you fans of sporty cars, Mercedes has sent into production the all new CLA Shooting Brake model which essentially is a sporty sedan. The first batch of the car is being manufactured at Kecskemét, Hungary and is set to hit the roads in March 2015.

      The model is available in a variety of engine variations like 2.1 liter-four-cylinder diesel, a 1.6-liter four-cylinder and a 2.0-liter petrol. Among all these models there is one range topping CLA Shooting Brake car too which has 2 liter-four-cylinder engine that develops a high torque and is connected to a seven-speed AMG SPEEDSHIFT dual-clutch transmission which enables instant accelerations as high as a speed change of 0 to 100 km/he in just about 4.7 seconds.

      This CLA Shooting model is open for booking now and the first batch will most likely be rolled out of the manufacturing unit in the month of March.

      28th January 2015

    • Kia Motor’s CEO hints
      at setting up a factory
      in India

      With India all set to become the world’s third largest car market by next year, Kia Motor’s CEO has hinted at setting up a car factory in the country to offset diminishing sales in China and Russia.

      Currently, Kia Motors, which is a subsidiary of Hyundai Motors does not have any manufacturing unit in India and attracts high import taxes which has resulted in negligible sales of Kia cars in the country. While growth in Russia and China are slowing down, India is the market that the company is looking forward to for boosting sales volumes and profit margins. As to the time and location of opening up of the factory, there is no clear information as of now.

      28th January 2015

    • Loan Borrowers can rejoice over
      reduced EMIs and Loan Tenures!

      Existing Home and Car Loan borrowers can breathe a sigh of relief as loan rates are set to go down with the latest slash in the repo rate by RBI. The repo rate has been cut down by 25 basis points which means a decrease of 0.25% in the existing interest rates on car and home loans. All banks are yet to reveal the dropped rates however, banks like Union Bank of India have already announced the cut.

      A lower rate of interest will mean a lower EMI for prospective borrowers and will mean a reduced loan tenure for existing customers who are paying off their loans via monthly installments. For example, if the interest rate comes down from 10.25% to 10.00% for a 20 year home loan of 25 lakhs, then the EMI will come down by about Rs.418 per month.

      The Reserve Bank of India has said that inflation is expected to remain low at just under 6% till January 2016. For an existing home loan borrower, either the EMI or the tenure can come down. However, for car loan borrowers, since most car loans are sanctioned at a fixed rate of interest, only new car loan customers are set to profit more in terms of reduced rates.

      22nd January 2015

    • Industry Speculates Early Launch Of
      Ford India’s New Figo Model

      Ford India’s launch of its new Figo model may happen ahead of the expected launch date going by recent developments. Speculations began when sales of Ford India’s top-selling brand dipped significantly at the end of 2014, hitting only about 10% of its usual monthly figures at 151 units. This led industry observers to believe the old model is being phased out to make way for the new version which was initially set for a March 2015 launch.

      Although the auto major hasn’t yet made any formal announcements, rumours are doing the rounds based on the fact that the new model is already in its testing phase which includes test production. Manufacturing of the new Figo is said to take place at the Sanand unit in Gujarat, slated to begin operations in the upcoming months.

      13th January 2015

    • Volvo Achieves Record Sales in 2014

      2014 marked a good year for Volvo cars which achieved record sales of 465,866 units. This represents an annual growth of 8.9%. Monthly sales have been increasing consistently for the Swedish auto major over the last year and a half and this trend is expected to continue into the coming year as well. While this growth can be attributed to the company’s key geographical drivers i.e. Western Europe and China, Volvo is pushing to expand its reach and make a mark in all markets, the world over. It aims to achieve its targets by revamping its product line with strong focus on technology and design.

      These figures are very encouraging considering 2014 was a year which saw many luxury auto brands such as Rolls Royce Motor Cars of BMW AG, McLaren and Bentley, to name a few, work towards greater sales numbers.

      12th January 2015

    • Volkswagen Gears Up With
      The Latest Volkswagen Phaeton

      German auto major, Volkswagen, has its wheels in motion with a number of new products in the making. Of these, the supposed launch of the latest model of the Volkswagen Phaeton has the global auto industry talking. This hitherto underappreciated luxury car is set to hit markets at the end of 2016 with an array of creditable features and is expected to outshine preferred luxury brands such as Mercedes, Audi and Lexus among other competitors.

      The Volkswagen Phaeton already boasts great attributes. However, it has, so far, failed to elicit the desired customer response, generally being outdone by other high-end sedans in its segment. However, the new model, based on cutting-edge technology, is set to top even the Mercedes-Benz S-Class in terms of comfort. It will also leverage technology for safety and improved driving experiences with suspension systems that monitor and adjust to road conditions through the use of sensors and cameras.

      Volkswagen also has plans for new models in other segments to be launched in various geographies across the world. If implemented as per plan, new models, mainly SUVs, could find their way to India in the coming years.

      12th January 2015

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