If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 28 Car Dealers in India
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 11.10% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% financing on car value
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    12% - 15.5% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
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    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    8.80% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
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    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    9.05% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    SPECIAL OFFER FOR WOMEN
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    9.55% Floating
    0.5% (min. ₹575)
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    12.05% - 12.25% Fixed
    0
    1L to 15L
    1-6 Years
    Response Time : Within 30 minutes
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    Car Dealers in India

    India is one of the biggest automobile markets in the world which has attracted global investments on a large scale. The industry alone contributes more than 7% towards the nation’s GDP. In its initial phase of development, a major role was played by Indian companies which started out with small investments and technology linkups with international players. But today, the country has become a preferred destination for automobile manufacturing and many of the prominent market players have increased their investments in Indian auto business.

    Car Sales in India

    In the passenger vehicle segment, sales grew by 7.24% in the fiscal year 2016; the highest percentage sales were recorded in the passenger car and utility vehicle categories. With digital transformation impacting every industry on a global scale, these numbers and expected to escalate further in the coming years. Studies suggest that more than 5% of the total cars produced in the country will be purchased online by the year 2022.

    From high-end luxury sedans to mid-sized and economical cars, the Indian automobile market has a lot to offer to the car lovers. There are around 5000 car dealership showrooms in India spread in across more than 800 cities. With online car portals and dealership locators, finding a brand and a model that suits your requirements is not a difficult task anymore. The total car production in the country went to 269,371 units in March 2017 which clearly shows the increased demand for four wheelers. The below table shows the sales figures of the leading automobile brands in India, for the year 2016.

    Automaker Number of units sold
    Maruti Suzuki 14,44,541
    Hyundai Motor Company 5,09,707
    Mahindra & Mahindra 2,36,130
    Honda Cars India 1,56,707
    Tata Motors 1,53,151
    General Motors India 32,540
    Nissan India 57,315
    Ford India 92,414
    Toyota 1,42,500
    Renault India 1,35,123
    Volkswagen 60,500

    Online Customer Experience and Sales

    Today, most automobile companies provide an online portal to view the specification, price, and other important details of their vehicle models. While this can be considered as a benefit to customers, it also poses a certain level of challenge to the automakers. With comparison portals listing out car models and elaborating each and every feature in detail, the average showroom visits before purchasing a vehicle has gone down significantly. Now most customers visit a showroom just for the purpose of finalizing their car deal. Today, an average customer visits at least 5 to 10 websites to read reviews and get a clear idea of vehicle performance before purchase. In short, dealership outlets are limited to providing product experience as most of the information would be available with the customer beforehand.

    Achievements and Developments in the Car Industry

    • Most of the major automobile manufacturers in the country are launching electric cars to support the nation’s mission in achieving eco friendly system of transportation.
    • Carmakers are also in the process of developing self-driven cars. The project is already well underway in many of the manufacturing facilities in the country.
    • Suzuki Motor Corporation is setting up its second assembly facility in India at Mehsana, Gujarat.
    • JustRide, an aggregator firm in the self-drive car rental space has received massive funding from a group of investment companies. This will help the firm to expand its operations and to give a facelift to their car sharing platform JustConnect and Yabber.
    • Cummins, an engine and generator manufacturer is planning to strengthen its export activities in the country by capitalizing on component manufacture.
    • Chinese automaker, SAIC Motors is expected to set up around three manufacturing plants in India.
    • Ford Motors in likely to invest around US$ 200 million to enhance its product development activities in the country.
    • General Motors to plough in US$ 1 million to ramp up its production activities within the country.
    • Kia Motors Corp, a leading South Korean automobile company, is all set to establish its first manufacturing plant in India. The company is expected to invest more than US$ 1 billion for its debut venture.

    Leading Dealership Outlets in India

    There are thousands of dealerships outlets of all major leading brands across the country. A few popular ones are listed below:

    • TVS Motors
    • Bimal Auto Agency India Pvt. Ltd.
    • Popular Motor Corporation
    • Kalyani Motors
    • Brigade Cars
    • Galaxy Motors
    • Solitaire Honda
    • Excel Cars
    • Chennai Motors
    • TSM Cars
    • Courtesy Honda
    • Fortune Wheels
    • One Auto Pvt. Ltd.

    Car Loan Reviews

    • IndusInd Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with IndusInd bank and the experience was good, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The rate of interest was nominal and the tenure period for this loan is 3 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 16, 2018
    • SBI Car Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have applied for the card loan with the STATE BANK OF INDIA where the process is very good and simple to get the loan as well as the loan amount is sufficient from this bank added on that the rate of interest is nominal when compared to the others.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 16, 2018
    • SBI Car Loan
      "Good Car loan"
      0.5 5.0/5 "Blown Away!"
      I am not sure about the SBI customer care. I have gone through all the details with the dealer. I have got the loan within 10 days. I have received the car loan of Rs. 4 lakhs and they have provided the interest rate of 8.99% and I'm okay with it. I am paying the EMI of Rs. 14000 per month and i have chosen the tenure period for 3 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2018
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am holding my car loan with HDFC bank, the rate of interest they have charged me was up to 7.5% it was nominal for me, and even Emi they are taking in month nominal only and they have not charged any processing fee and loan amount was sufficient, overall service was good.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 16, 2018
    • Kotak Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been holding my car loan with KOTAK MAHINDRA BANK, there service was average, they have given me sufficient loan amount , the rate of interest they have charged me was nominal i donâ??t remember what was exact rate of interest percentage, and they did not charged any processing fee in this loan amount , so far experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2018
    • review Car Loan
      "Good Car loan services"
      0.5 4.5/5 "Excellent!"
      I don't have much interaction with the Chola mandalam customer care people or employees. They have provided the interest rate of 14.5%. I have purchased my car loan 3.5 years. I got the loan amount of Rs. 1.52 lakhs. I pay the EMI of Rs. 4895 and i have chosen the tenure period of 36 months and I'm going to close the loan in another 7 months.
      Was this review helpful? 0
      , gorakhpur
      Reviewed on Nov 16, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience during my car loan has been good and the loan amount whcih they had provided has been sufficient as well. The interest rate whcih they had been charging had been nominal when compared. There has not been any sort of charges which they had made as well.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 15, 2018
    • Tata Finance Car Loan
      "Very quick"
      0.5 4.0/5 "Great!"
      I have taken a car loan with Tata Finance one month ago. They have provided me 95% on road price. The customer service is good. I am satisfied with the rate of interest. I have purchased a TATA DICOR BUZZ. I just paid 34,000 rupees as a down payment and the rest of the amount converted into EMI for 5 years.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 15, 2018
    • HDFC Bank Car Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a used car loan with HDFC BANK and it was closed 3 to 5 years ago. I have purchased a Maruti Alto. My experience is good and the rate of interest was 14% which am satisfied. I have charged processing fee but it was nominal. The documentation process was lengthy and it was easy. I have to sign the documents multiple times.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 15, 2018
    • HDFC Bank Car Loan
      "Need to reduce ROI"
      0.5 3.5/5 "Pretty good"
      My experience was good with HDFC bank for car loan, the loan amount was based on my requirement and the rate of interest was little high when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 15, 2018
    • IndusInd Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been using my car loan with Indusind bank a long back, i have took this loan from my native and there service was up to the mark and they have charged nominal rate of interest to me and through showroom only i got this car loan and there customer support team is good they are very co-operative with me and i have closed this loan .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, i have taken celerio car they have given me sufficient loan amount and there rate of interest they have charged me 12% it is nominal for me and there processing fee they have charged me nominal only.
      Was this review helpful? 1
      , faridabad
      Reviewed on Nov 14, 2018
    • HDFC Bank Car Loan
      "Good card"
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with HDFC BANK , i am holding this card for past 1month . I have not use this card so it is very early to comment . There is joining fee at the time of getting the card . The credit limit is good when compared to other cards. Overall experience was good .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 14, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my car loan with Axis bank , the call amount they have given me sufficient and i have take my Nissan Renault car from this loan and there rate of interest they have charge me was nominal and the processing fee which they have given me is nominal, and the tenure period they have given me is up to 3 years.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Nov 14, 2018
    • SBI Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      It has been a good experience i had with them where the loan amount whcih they had given has been sufficient and the loan has been arranged by the car dealer. The interest rate with them has been nominal when compared with the market rate and there has not been any charges which has been made by them.
      Was this review helpful? 3
      , pune
      Reviewed on Nov 14, 2018
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this Car Loan has been good and the loan amount which they had provided has been good as well. The interest rate with them has been nominal when compared with the market rate and there has not been any charges which they had been making so far.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Nov 13, 2018
    • Bank Bazaar Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was quite a good experience i had with the services of them and i am using it for the last one year. It was quite good in comparing different rate of interests through their web portal, i had also been using their mobile application which has been convenient. Both has been having a good user interface.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 13, 2018
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since they had been providing a lower interest rate when compared with the market rate. The process has been convenient and they had even given some discounts. The loan amount has been sufficient and there has not been any extra charges made by them.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 13, 2018
    • ICICI Bank Car Loan
      "Good services from ICICI"
      0.5 5.0/5 "Blown Away!"
      They have provided me a 9.5% interest rate for my car loan. I have bought the car loan by last month. The process of the loan was easy and the same day itself they have approved the loan and sanctioned to the dealer. I have applied the car loan of Rs. 8 lakhs. I'm yet to pay the first month EMI and it will be deducted from my account.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Nov 13, 2018
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