Cars serve as a convenient mode of transportation for both short and long-distance travels. Whether you reside in a rural area or an urban area, having a car of your own comes in handy when you want to commute to the office, drops kids off at the school, or even go shopping. In the case of long road trips, when you have a car of your own, you don’t have to worry about expensive taxi rides or rental cars. If you are looking to purchase a new or used car under Rs.3 lakh, then take a look at the below-listed cars from some of the top carmakers in the Indian market:
Maruti Suzuki Omni: The 8-seater car from Maruti Suzuki India is priced at Rs.2.65-3.02 lakh, approximately. It claims a mileage of 16.8 kmpl. The car is powered by a 796cc petrol engine that generates 34.2 bhp power and 59 Nm torque. The engine is mated to a 4-speed manual gearbox. Maruti Omni is available in 3 variants - Omni 8 Seater at Rs.2.65 lakh, Omni MPI STD BSIV at Rs.2.69 lakh, and Omni Ambulance BSIV at Rs.3.02 lakh. The safety features of the 8-seater car include seat belts, an engine immobilizer, and rear defogger.
Datsun Redi GO: The Redi GO is priced at Rs.2.49-3.96 lakh, approximately. It is available in 10 variants - Redi GO D at Rs.2.49 lakh, Redi GO A at Rs.3.04 lakh, Redi GO T at Rs.3.30 lakh, Redi GO T Option at Rs.3.39 lakh, Redi GO S at Rs.3.54 lakh, Redi GO 1.0T Option at Rs.3.63 lah, Redi GO Gold 1.0 at Rs.3.75 lakh, Redi GO 1.0S at Rs.3.78 lakh, Redi GO AMT 1.0 T Option at Rs.3.81 lakh, and Redi GO AMT 1.0 S at Rs.3.96 lakh. The car claims a mileage of 22.7 kmpl. It is powered by a 799cc i-SAT petrol engine that generates 53.64 bhp power and 72 Nm torque. The engine is mated to a 5-speed manual gearbox. The safety features of this car are pretty basic like seat belts and child safety lock. Datsun Redi GO has a seating capacity of 5.
Renault Kwid: This 5-seater car from the French carmaker, Renault is priced at Rs.2.67-4.60 lakh, approximately. Renault Kwid claims a mileage of 25.17 kmpl and a top speed of 135 kmph. It is powered by a 799cc petrol engine that generates 67 bhp power and 91 Nm torque. The engine is mated to a 5-speed manual gearbox. The safety features of this car include an engine immobilizer, central locking system, child safety lock, and seat belts. Renault KWID is available in 19 variants from KWID Reloaded 0.8 at Rs.2.67 lakh to KWID RXE at Rs.3.10 lakh.
Maruti Suzuki Alto 800: The Alto 800 is one of the top-selling cars in the Indian market. It is priced at Rs.2.51-3.78 lakh, approximately. The car is powered by a 796cc F8D petrol engine that generates 47.3 bhp power and 69 Nm torque. The engine is mated to a 5-speed manual gearbox. The car claims a top-speed of 140 kmph and a mileage of 24.7 kmpl. It has a seating capacity of 5. The safety features of the Alto 800 include seat belts and an engine immobilizer. Maruti Alto 800 is available in 9 variants from Alto 800 STD at Rs.2.51 lakh to Alto 800 LXI at Rs.3.09 lakh.
Tata Nano: This small-sized car from Tata Motors India is priced at Rs.2.26-3.20 lakh, approximately. The car claims a mileage of 23.9 kmpl and a top speed of 105 kmph. It is powered by a 624cc engine that generates 37 bhp power and 51 Nm torque. The engine is mated to a 4-speed gearbox. The Nano is available in 5 variants from Nano XE at Rs.2.26 lakh to Nano XTA at Rs.3.20 lakh. The XE GenX and XM GenX have an engine immobilizer and a headlamp beam adjuster while the XT GenX, XM CNG, and XMA GenX have central locking and child safety lock too.
The above-mentioned cars can be bought with a low-interest rate car loan from a reliable lender like a bank or a non-banking financial company. Visit a third-party website to compare various car loan offers online and choose one with the lowest interest rate, zero processing fee, and flexible repayment options. Any salaried or self-employed individual aged between 21 to 65 years with a good credit score of 750 and above, a minimum net income of Rs.3-4 lakh, and a minimum work experience of 2 years in the same field is eligible for a car loan.
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The experience with them has been quite good with this loan where the loan amount has been sufficient. The interest rate which they offered has been nominal when compared with the market rate and there has not been any extra charges which they had made so far. Their customer support team had also been supportive as well.
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2
KUNAL RAJENDRABHAI SHAH
, navi mumbai
Reviewed on Jan 18, 2019
Before three years I purchased second vehicle that is Hyundai I 10 , the documentation process was good with HDFC. The dealer coordinated with the bank, hence the process was quick. I got multiple options but I chosen HDFC, the Interest rate is better because I am an existing customer.
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0
SURINDER SINGH THAKUR
, delhi
Reviewed on Jan 18, 2019
I was taken car loan from HDFC, first time I purchased SANTRO car, the documentation was very convenient. They gave me the door step service I went to the dealer and they done the process, and on time I got the car deliver. They gave me the flexible emi option.
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1
SURINDER SINGH THAKUR
, delhi
Reviewed on Jan 18, 2019
It has been quite a good experience i had with this car loan and the loan amount which they had provided has been sufficient as well. The interest rate with them was around 9.25% which was nominal when compared with the market rate. The charges which they had made has been nominal as well, and even their customer support has been responsive as well.
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2
BURRA PAPA RAO
, bhubaneshwar
Reviewed on Jan 17, 2019
I have been taken my car loan with State bank of India, they have given me sufficient loan amount, and i am satisfied with the loan amount , and the rate of interest they have charged me up to 9.45% which is bit high compare to other bank,i have asked for 9 % but its okay, and the processing fee they have charged me was nominal,overall service is good.
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0
VIKRAM GOUD SURVI
, hyderabad
Reviewed on Jan 17, 2019
I have been taken my car loan with Kotak mahindra bank recently ,like 2 months before i took this loan, and i am happy with the loan amount they have given me ,it was sufficient for me, and the rate of interest they have charged me up to 9.3% which was nominal for me and the processing fee they have charged me was nominal, the loan amount process went smoothly. the overall service rendered by them was really good.
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1
RIAZUDEEN SIRAJUDEEN
, chennai
Reviewed on Jan 17, 2019
It was a good experience i had with this loan and the loan amount which they had provided has been sufficient. The interest rate with them is quite nominal when compared with the market rate. There has not been any sort of additional charges which they had made so far.
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1
UMAPATHI ARAKERARA BASAVARAJAIAH
, bangalore
Reviewed on Jan 13, 2019
I took my car loan in State Bank of India by last year. The charges are normal. I have spend down payment nearly 1L out of 7L. The branch is near to my residence so will never contact the customer service. The process was immediate and it was completed within 2 days.
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2
NARENDARKUMAR MOMULA
, hyderabad
Reviewed on Jan 12, 2019
HDFC gave me the door step service for the car loan. I took the loan before three years. It was the fantastic experience for me because I got the better interest, I took the loan for 5 years but I done the foreclose in three years , there was no charges for it.
The process in getting my Car loan from them has been quite good and the process went smooth. The loan amount was sufficient but the interest rate with them has been quite high when compared with the market rate. Their customer support and their response has been good and has been helpful as well.
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2
GOPALAKRISHNAN RAVI KUMAR
, bangalore
Reviewed on Jan 10, 2019
My car loan experience with HDFC has been good and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal and there has been some charges like processing fee. Overall their has been a help from their customer support as well.
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1
ABHILASH GAJANAN TELANG
, pune
Reviewed on Jan 09, 2019
I have approached the bank directly for my car loan. Since I'm existing customer of HDFC for 13 years, i have chosen them. I purchased the loan amount of Rs. 2 lakhs. They have offered me a interest rate of 16% In October 2018, i have closed this loan. Total tenure period of the loan was 3 years. Car Dealer has recommended me about this loan.
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4
GOVARDHAN CHINTADA
, srikakulam
Reviewed on Jan 09, 2019
I have been using my car loan with Magma Fincorp previously, they have given me sufficient loan amount ,the rate of interest they have charged me was high,and the processing fee they have charged me was high , i was not happy with there service.
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3
TARUN CHHOWKAR
, ghaziabad
Reviewed on Jan 08, 2019
I have been using my car loan with HDFC bank, there service is too good, the loan amount they have given me was sufficient,the rate of interest they have given me up to 9% which is nominal for me,and the processing fee they have charged me was nominal only they have charged me up to 1% only,and still my loan is running ,there was no hidden charges they have charged apart from that,overall service is good.
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1
PANKAJ CHAUDHARY
, ghaziabad
Reviewed on Jan 08, 2019
I had a car loan with HDFC 1 year back. They have given me a nice offer hence i opted the loan with HDFC. I'm not sure about the partial payment and pre-closure facility. They have given me a nice interest rate according to what i want. I was taken a loan amount of Rs. 3 lakhs.
I have taken a car loan in Nissan Institution, it was good. I bought the car from same showroom and they have provided me a facility. The rate of interest was high. The documentation procedure was simple. I have taken the loan almost 2 years back and its still running. The loan tenure is 5 years.
My car loan experience was good with HDFC bank, loan amount was sufficient and the rate of interest was high when compared to other banks. Customer service was good and they responded on time. The tenure period for this car loan is for 5 years.
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1
HARKARAN SINGH SAHNI
, new delhi
Reviewed on Jan 08, 2019
I have been holding my car loan with ICICI bank, the rate of interest they have charged me was nominal and they have charged me processing fee they have charged me which was nominal, the loan amount they have given me was sufficient according to the car price i got my loan, still this loan is running,overall service is good.
I have been holding my car loan with Indian overseas bank, the loan amount they have given me was sufficient, they have charged nominal rate of interest they have charged me up to 9 % which was nominal and there is zero processing fee , so far there service is have experience was good, they have not taken any hidden charges ,there overall service is good.
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2
BISHNU PADA HOTA
, mumbai
Reviewed on Jan 08, 2019
My car loan running with HDFC bank, the customer service is super and the fast approval on the disbursement. They taken 15 days to deliver the car. The principal amount is Rs. 4 lakhs for the tenure of 5 years, the car model is baleno which is latest.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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