As the year end approaches, offers and discounts from banks and financial institutions on various loans pour in. It is the festival of lights and it’s time to drive home a car and light up your world. The best way to buy a car is through car loans because, not everyone can afford to buy it completely with cash. So, we have gathered some great offers for you from our partnered banks which will help you make the best decision on car loans:
ICICI bank offers car loans that is up to 100% of the on-road price of the car of your choice. The bank offers its customers lucrative interest rates and a repayment tenure of up to seven years. Moreover, the bank ensures that loan processing time is quick and that an instant approval plan is in place.
ICICI bank also offers loans for pre-owned cars. The bank offers attractive interest rates on such loans and also gives car loan of up to 80% of the valuation of the vehicle. The repayment period for such loans is up to 5 years.
The car loan offerings from ICICI Bank make it very easy to own your dream car this festive season.
HDFC Bank offers customized car loans to its customers. These loans include features like flexible repayment period, 100% financing on selected cars, and budget-friendly EMIs. The bank gives its customers freedom to choose a repayment option as per their convenience. Customers can choose between Balloon EMI and Step-up EMI to repay their car loan.
The HDFC new car loan offers loan amount up to Rs.3 crore, zero foreclosure fees, and a top-up loan for maintaining a strong repayment records. The bank also offers an insurance policy called Suraksha Kawach. This insurance policy offers personal accident cover for the financed car’s owner-driver.
HDFC bank also offers used car loan that allows customers to avail loans of up to Rs.2.5 crore for various vehicles. Customers who avail this loan can get up to 100 of the vehicle’s value as used car loan. The loan amount might range from 3 to 6 times the applicant’s annual salary. The loan application process is quick and simple. The repayment period is flexible for used car loans. Additionally, if the applicant is a current customer of the bank, they will receive preferential pricing.
Yes Bank offers its customers car loans with the option of 100% finance on select car models. The car loan offered by Yes bank comes with attractive features and convenient interest rates. The car loan process is simple and convenient. The bank also offers car loan to purchase used cars. Customers are also offered flexible repayment period.
Axis Bank offers car loans of up to 100% to its customers. The loan amount starts from Rs.1 lakh. The bank also offers attractive interest rates on car loans. For new car loans, the bank offers a repayment period of up to 7 years, while for used car loans, the repayment period is up to 5 years.Find your ideal car loan by using EMI calculators and credit scores available on the BankBazaar website. Do a thorough research before you apply for any car loan. But if you are applying for car loans through BankBazaar, then your research is already completed; because we bring you the best from the market to suit your needs first. Choose the best plan which suits your whims and fancies and celebrate this Diwali by making the car you desire the car you own. GST of 18% is applicable on all banking products and services.
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