If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • Car Loan BYTES FROM OUR KITCHEN

    Luxury Cars in India 2018

    With easy access to auto finance, it is not surprising to see an increase in the number of Indian consumers who purchase luxury cars from world famous automakers like Audi, Mercedes-Benz, Land Rover, BMW, Rolls Royce, and Jaguar. Just comfort alone does not define a luxury car. Dynamic performance, top speed, advanced features, and phenomenal designs are what makes a luxury car attractive to consumers, especially the car enthusiasts. The price of a luxury car depends on the customisation demands of a consumer.

    Here is a list of the best luxury cars available on the Indian car market:

    1. Porsche Panamera

    The Porsche Panamera comes with an asking price ranging between Rs.2.41 crore and Rs.2.56 crore (ex-showroom Delhi). The car has been designed in such a way that it is functional and at the same time boasts the signature design of a Porsche vehicle. The Porsche Panamera is available in more than 15 colours, with a lot of metallic colour options to choose from.

    Porsche Panamera Specifications
    Top Speed 264 km/h
    Acceleration from 0 to 100 km/h 5.7 seconds
    Power 243 kW
    Displacement 2,995 cc
    Maximum Torque 450 Nm
    Fuel Consumption 7.5 - 7.6 l/100 km
    Maximum Load 575 kg
    Trunk Capacity 500 litre
    Fuel Tank 75 litre

    2. Maserati Quattroporte

    The Maserati Quattroporte has a price ranging between Rs.1.7 crore and Rs.2.42 crore (ex-showroom Delhi). The price of the car will be based on the variant chosen. The model comes in two variants - GranSport and GranLusso. The GranSport is ideal for people looking for a more sporty look in their vehicle. The GranLusso on the other hand focuses mainly on luxury. The Italian car model has more than 10 colour options to choose from.

    Maserati Quattroporte Specifications
    Displacement 2,987 cc
    Maximum power 202 kW
    Engine speed at maximum power 4,000 rpm
    Maximum speed 252 km/h
    Acceleration from 0 to 100 km/h 6.4 seconds
    Fuel consumption 6.2 l/100km
    Peak torque 600 Nm
    Engine speed at peak torque 2,000 - 2,600 rpm
    Transmission Automatic 8 gears
    Apply for Car Loan Online

    3. Land Rover Range Rover Evoque

    The Land Rover Range Rover Evoque has a starting price of Rs.52.7 lakh and can go up to Rs.80.18 lakh (ex-showroom Delhi). Despite the increased emphasis on style in this vehicle, Land Rover has managed to incorporate all their classic characteristics in the vehicle. The car comes with close to 15 colour options to choose from.

    Land Rover Range Rover Evoque Specifications
      SWB LWB
      Vogue Vogue SE Vogue Vogue Vogue SE Vogue SE Vogue Vogue SE
    Fuel Diesel Diesel Petrol Diesel Diesel Petrol
    Maximum power(kW at r/min) 190 at 3,750 250 at 3,500 250 at 6,500 190 at 3,750 250 at 3,500 250 at 6,500
    Engine capacity 2,993 cc 4,367 cc 2,995 cc 2,993 cc 4,367 cc 2,995 cc
    Maximum torque (Nm at r/min) 600 at 1,750 - 2,250 740 at 1,750 - 2,250 450 at 3,500 - 5,000 600 at 1,750 - 2,250 740 at 1,750 - 2,250 450 at 3,500 - 5,000

    4. BMW 7-Series

    The price of the BMW 7-Series starts at Rs.1.42 crores and can go up to Rs.2.79 crore (ex-showroom Delhi). The 7-series focuses on delivering superior comfort and luxury. While delivering unmatched comfort and luxury is the main aim of the vehicle, the carmaker has also made sure that this model has all the traits a BMW manufactured vehicle generally has. There are more than 20 colour options available to choose from.

    BMW 7-Series Specifications
    Capacity 2,993 cc
    Acceleration from 0 to 100 km/h 6.2 seconds
    Maximum output (kW at r/min) 195 at 4,000
    Maximum torque (Nm at r/min) 620 at 1,500 - 2,500
    Fuel economy 16.77 km/l
    Transmission 8-Speed Steptronic Sport Automatic Transmission

    5. Jaguar XJ L

    The Jaguar XJ L is priced approximately between Rs.1.16 crore to Rs.2.26 crore (ex-showroom Delhi). The XJ L is Jaguar’s flagship sedan and has been receiving constant upgrades ever since its launch. There are 6 colour options to choose from for this car.

    Jaguar XJ L Specifications
    Capacity 2,993 cc
    Maximum power (kW at r/min) 225 at 4,000
    Maximum torque (kW at r/min) 689 at 1,800
    Top speed 250 km/h
    Transmission Automatic
    Acceleration from 0 to 100 km/h 6.2 seconds
    Number of seats 5

    6. Porsche Cayenne

    Porsche Cayenne is priced approximately between Rs.1.23 crore and Rs.2.02 crore. The Cayenne is one of the more sporty looking luxury cars available in the market. Four versions of the car are available in India - the Cayenne Turbo, Cayenne Diesel, Cayenne S,  and Cayenne S Diesel. More than 15 colour options are available to choose from.

    Porsche Cayenne Specifications
    Power (kW) 250
    Power  (hp) 340
    Fuel consumption combined 9.2 litre / 100 km
    Acceleration from 0 to 100 km/h 6.2 second
    Top speed 245 km/h

    7. Audi A8 L

    The Audi A8 L is priced approximately between Rs.1.38 crore and Rs.1.71 crore (ex-showroom Delhi). The A8 L is a premium luxury car that comes with an elegant design and lightweight construction. Changes have been made to the model to make it more efficient and effective. More than 15 different colour options are available to choose from.

    Audi A8 L Specifications
    Displacement 2,967 cc
    Maximum power (bhp at rpm) 247 at 4,000
    Maximum torque (Nm at rpm) 580 at 1,750
    Engine V6 diesel engine with turbocharging and common rail injection system
    Seating capacity 4
    Fuel tank capacity 82 litres
    Fuel efficiency 16.77 km/l

    How to afford a luxury car through auto finance?

    If you have a good credit score and a steady income, you can apply for a new or used car loan offered by banks, Non-Banking Financial Companies, and other lending institutions. Choose your dream car from a dealership, then go online to check your car loan eligibility. Car loan applicants must be 21 to 65 years of age and meet the minimum income requirements set by a bank. Then, compare various car loan offers on a reliable third-party website and choose one with the lowest interest rate, flexible tenure, and zero processing fee.

    How to apply for a car loan?

    Applying for a car loan has been made easy through the bank website. All you have to do is download the application form from the bank website. Then, submit the duly-filled and signed form along with the necessary documents such as identity, age, income, and address proofs at the nearest bank branch. The bank will verify your documents and process your application. Upon approval, the loan amount will be disbursed to your bank account within 24-48 hours.

    What is car loan EMI?

    Car loan can be repaid in Equated Monthly Installments (EMIs). You can use the free, online car loan EMI calculator available on the bank website or a third-party website to find out how much your car loan will cost you each month. A short loan tenure means higher EMI payments and a long tenure means smaller EMI payments. However, depending on your repayment capacity, choose a suitable car loan tenure that doesn’t increase your overall interest payment.

    Car Loan Reviews

    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jan 17, 2019
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2019
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 17, 2019
    • Central Bank of India Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 13, 2019
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 12, 2019
    • HDFC Bank Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jan 11, 2019
    • Capital First Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 10, 2019
    • HDFC Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 09, 2019
    • HDFC Bank Car Loan
      "Average Loan Service"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 4
      , srikakulam
      Reviewed on Jan 09, 2019
    • Magma Car Loan
      "Average service"
      0.5 1.5/5 "Bad"
      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.
      Was this review helpful? 3
      , ghaziabad
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Nice offer and nice loan"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 08, 2019
    • review Car Loan
      "Need to reduce the charges"
      0.5 3.5/5 "Pretty good"
      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.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 08, 2019
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 08, 2019
    • IOB Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Bank Car Loan
      "Good loan experience with HDFC"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 1
      , aligarh
      Reviewed on Jan 07, 2019
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan was quite good and there hasn't been any hassle faced. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which was made by them.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 07, 2019
    • Axis Bank Car Loan
      "Good Car Loan"
      0.5 4.0/5 "Great!"
      Purchased my car loan 4 years back. I have chosen the Axis bank because the rate of interest was less when i compared with others. I have taken a loan amount of Rs. 3.50 lakhs and the tenure period for the loan is 5 years. I have been paying the EMI of Rs. 8000. I have got the loan as per they have promised time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 07, 2019
    • Bank of Baroda Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan. The loan amount which they had provided has been sufficient and the interest rate with them has also been nominal, there has not been any sort of additional charges which they had made for this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 07, 2019
    Common Loader Icon

    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.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.