If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
August is has a few important occasions that are celebrated by the people across the country. With Independence Day and Ganesh Chaturthi which are celebrated by most of the people of India, banks and auto manufactures have been introducing a number of discounts and offers on various models of four-wheelers.
| Bank | Interest Rate |
| Punjab National Bank Car Loan |
|
| SBI Car Loan for loans above Rs.4 lakh |
|
| Allahabad Bank | 9% |
| Union Bank Miles Scheme | 8.9% |
| State Bank of India Car Loan for loans below Rs.4 lakh |
|
Did you know that online car insurance renewal only takes a few minutes and you can get the best deals out there?
Exchange Offers
| Model of the Car | Exchange Bonus |
|
Rs.30,000 |
|
Rs.40,000 |
|
Rs.25,000 |
|
Rs.50,000 |
|
Rs.25,000 |
|
Rs.70,000 |
The new GST rates which are levied on luxury cars will be hiked by 10%. An individual can beat this hike in price by opting for a priority delivery of your dream vehicle.
| Type of Variant | Name of the Car |
| Cross-over |
|
| Mid range SUV |
|
| Sedan |
|
| Premium SUV |
|
| Mid Utility |
|
| Luxury Range | Most cars of:
|
| Model | Discount Offer |
| Mahindra TUV300 | Rs 20,000 Cash + Rs.20,000 Exchange |
| Mahindra KUV100 | Rs.35,000 Cash + Rs.25,000 Exchange |
| Mahindra XUV500 | Rs 23,000 Cash + Rs.15,000 Exchange |
| Mahindra Scorpio | Rs 50,000 Cash + Rs.15,000 Exchange |
| Model | Discount Offer |
| BMW X1 | Zero down payment if the value of old car that was exchanged is Rs.10 lakh and above plus Rs.35,555 for a term of 7 years |
| BMW GT (Gran Turismo) | 3 years of BSI Plus Service pack plus 1st year of insurance along with Assured Buy Back Scheme |
| BMW 3 Series | 3 years of BSI Plus Service pack plus 1st year of insurance along with Assured Buy Back Scheme |
| BMW 5 Series | Starts at Rs.49.9 lakh |
| Model | Discount Offer |
| Skoda Octavia | 4 years Road Side Assistance along with 4 year Warranty |
| Skoda Rapid | Rs.25,000 Exchange Bonus plus 7.99% Interest Rate Finance along with Rs.15,000 corporate discount plus 4 years Road Side Assistance along with 4 year Warranty |
| Skoda Superb | 4 years Road Side Assistance along with 4 year Warranty |
Audi offers affordable car ownership plans in the A4 and A6 Saloon categories
| Model | Discount Offer |
| Tata Bolt | Rs.15,000 Cash + Rs.10,000 Exchange |
| Tata Tiago, Tigor | Discount schemes currently not available |
| Tata Zest | Rs.20,000 Cash + Rs.10,000 Exchange |
| Tata Indigo | Rs.15,000 Cash + Rs.10,000 Exchange |
| Tata Hexa | No discounts offered |
| Tata Safari Storme | Rs.15,000 Cash + Rs.10,000 Exchange |
| Model | Discount Offer |
| Ford Aspire All Variants | Rs.10,000 Cash + 8.15% Interest Rate Finance + Exchange Bonus |
| Ford Figo Trend, Titanium Plus , Titanium | Rs.6,000 Cash + 8.15% Interest Rate Finance + Exchange Bonus + |
| Ford Ecosport Titanium, Ecoboost Petrol | Rs.3,500 Cash + 8.15% Interest Rate Finance + Exchange Bonus |
| Ford Ecosport Diesel | Rs.3,500 Cash + Exchange Bonus + 8.15% Interest Rate Finance |
| Ford Ecosport Ambiente, Trend Petrol | Rs.10,000 Cash + 8.15% Interest Rate Finance + Exchange Bonus |
Additional loyalty bonus of obtaining a 3rd year warranty plus roadside assistance and Exchange bonus of up to Rs.15,000 is offered on select vehicles.
| Model | Discount Offer |
| Toyota Etios | Rs.5,000 in Toyota Genuine Accessories + 1st year of comprehensive insurance |
| Toyota Etios Liva | Rs.30,000 in Finance Subvention if the finance needed is taken through Toyota Finance or Rs.10,000 worth of Toyota Genuine Accessories |
| Toyota Innova Crysta Touring Sport | Rs.40,000 worth of Toyota Genuine Accessories |
| Toyota Innova Crysta | No discount schemes announced |
| Toyota Fortuner | No discount schemes announced |
| Toyota Corolla Altis | Rs.20,000 Worth Toyota Genuine Accessories + 2 Years Extended Warranty |
| Model | Discount Offer |
| Volkswagen Polo Highline | Rs.50,000 discount |
| Volkswagen Polo Trendline Petrol | EMIs as low as Rs.7,999 and also comes with ABS and dual airbag safety |
| Volkswagen Vento Trendline, Comfortline Petrol | Rs.70,000 cash discount |
| Volkswagen Ameo Comfortline, Highline | Rs.50,000 discount |
| Volkswagen Tiguan | No discount schemes announced |
| Volkswagen Vento Comfortline, Highline Diesel | Rs.90,000 cash discount |
Additional benefits of Rs.20,000 exchange bonus along with Rs.20,000 loyalty bonus is offered on select Volkswagen models.
| Model | Discount Offer |
| Datsun Redi Go 800cc | 1st year of insurance + 7.99% of interest rate is offered for 4 years |
| Datsun Go, Go+ | 1st year of insurance |
| Datsun Redi Go 1 Litre | No Offers |
| Nissan Sunny | Corporate Discount |
| Nissan Micra | 1st year of insurance + exchange bonus |
| Nissan Terrano | 1st year of comprehensive insurance |
Additional benefits are offered to government employees, doctors, agriculture income with close to Rs.10,000 as additional benefits.
| Model | Discount Offer |
| Hyundai Grand i10 | Rs.20,000 Exchange + Rs.40,000 Cash. |
| Hyundai Eon | Rs.20,000 Exchange + Rs.25,000 Cash. |
| Hyundai Xcent (Pre Facelift) | Rs.15,000 Cash + Rs.20,000 Exchange. An additional Rs.5,000 is offered as a discount on Xcent Diesel. |
| Hyundai I20 Elite, Active | Rs.20,000 exchange bonus. |
| Hyundai Xcent (New Facelift Edition) | Rs.20,000 exchange bonus. |
| Hyundai Verna Facelift | Pre-booking has started. The car will come with a sunroof and a 6-speed transmission apart from other add-ons. |
| Hyundai Verna 4S | Rs.30,000 Cash + Rs.40,000 Exchange Bonus (Petrol). An additional Rs.10,000 Exchange Bonus is offered on Verna Diesel. |
| Hyundai Tucson | Rs.70,000 exchange bonus is offerd. |
| Hyundai Creta | No Offers are available. |
| Hyundai Santa Fe | Rs 50,000 in Cash + Rs.2 Lakh Exchange Bonus is offered. |
Additional benefits offered to government employees (retired or working) includes discounts of Rs.5,000 on the Hyundai Grand, Eon, i10, i20, and Xcent. Rs.10,000 is offered as a discount on the Hyundai Verna.
| Model | Discount Offer |
| Renault Kwid | Low EMI Scheme starts from Rs.2,799 or a low down payment of Rs.12,799 is offered |
| Renault Scala | Rs.90,000 discount is offered |
| Renault Pulse | Rs.40,000 discount is offered |
| Renault Duster | 7.99% interest rate along with 1st year insurance |
| Renault Lodgy | Rs.30,000 cash discount (RXE) or 1st year insurance (RXL/Stepway) is offered |
| Model | Discount Offer |
| Honda Jazz | 1st year of comprehensive insurance + Rs.15,000 cash discount |
| Honda Brio | 1st year of comprehensive insurance |
| Honda WRV | No official discounts |
| Honda Amaze | 1st year of comprehensive insurance + Rs.26,000 worth of genuine Honda accessories |
| Honda BRV | Rs.1 lakh cash discount |
| Honda City | No official discounts |
| Model | Discount Offer |
| Maruti Wagon R | Rs.25,000 (MT)/Rs.35,000 (CNG)/Rs.35,000 (AMT) + Rs.19,000 as exchange bonus |
| Maruti Alto | Rs.25,000 cash + Rs.15,500 as exchange bonus |
| Maruti Celerio | Rs.24,000 (CNG)/Rs.24,000 (MT)/Rs.34,000 (AMT) + Rs.19,000 as exchange bonus |
| Maruti Swift Diesel | Rs.25,000 _Rs.15,500 as exchange bonus |
| Maruti Swift Petrol | Rs.20,000 (Lxi)/Rs.10,000 (Vxi, Zxi) +Rs.15,500 as exchange bonus |
| Maruti Ignis, Dzire, Baleno, Brezza | No offers are available |
| Maruti Ciaz Petrol | Rs.30,000 as exchange bonus |
| Maruti Ertiga Diesel | Rs.20,000 cash + Rs.40,000 as exchange bonus |
| Maruti Ertiga Petrol & CNG | Rs.5,000 cash + Rs.20,000 as exchange bonus |
| Maruti S Cross | Rs.20,000 cash + Rs.20,000 as exchange bonus |
| Maruti Ciaz Diesel | Rs.30,000 cash + Rs.50,000 as exchange bonus |
Additional corporate discounts are also available as per the table given below:
| Discount Category | Discount Offer |
| Central PSU - Navratna & Mahanavratna PSU Companies | Rs.5,100 |
| Central & State Government Teachers, Staff under Ministry of HRD | Rs.5,100 |
| MNC Corporate in CAT A Company | Rs.2,100 |
| Government Employees, Premium IT Companies, Bank Employees | Rs.3,100 |
| Employees in Small Private Companies | Rs.1,000 |
| CAT B Medium Size Company Employees | Rs.1,500 |
GST of 18% is applicable on all banking products and services from the 1st of July, 2017.
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.
