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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    Student Car Loan

    We found 34 Student Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.1% - 15% Floating
    0
    20K - 10L
    1-5 Years
    Response Time Within 30 minutes
    Ad Paperless approval option available
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    Eligibility Criteria
    9.10% - 13.25% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    What you'll love
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    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
    What you'll love
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    Fees & Charges
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    Eligibility Criteria
    9.15% - 11.6% Fixed
    Up to ₹5,150 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    PAPERLESS APPROVAL OPTION AVAILABLE
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    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time Within 30 minutes
    100% financing on car value
    What you'll love
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    Fees & Charges
    Good To Know
    Eligibility Criteria
    9% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    Fees & Charges
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    Eligibility Criteria
    11.25% - 13.99% Fixed
    Up to ₹2,300 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time Within 30 minutes
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
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    Student Car Loan is Rated as "Excellent!" by 26262 Users

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    Car Loan BYTES FROM OUR KITCHEN

    What is the best time to bring your Student Car Loan to a close?

    Manish is an MBA student specializing in Human Resources & Industrial Psychology. Transport has become a huge issue for him as this course requires him to commute to various companies as part of his field work and other projects. Many advised him to get a car, which is exactly what he has done. But he is constantly worried about this loan as he had already taken an education loan.


    How legitimate is this concern?

    Many like Manish find student car loan settlement a longstanding struggle. Understanding the favorable times to modify your repayment plan can save you time and money. There are several monetary events that can get an evaluation of how you are handling your auto loan repayment. Let us take a look at the most suitable time to save on a student car loan interest rate.

    1. At the end of your grace period:

      After the completion of course, many student loan debtors are given a grace period where prompt reimbursement is not mandatory. Banks offer you 6 to 12 months to find a job. But having a good idea of your outstanding payable amount and current interest rates during the grace period certainly gives you an edge to figure out suitable repayment strategies. This is also an ideal time to look up refinancing options and see if EMIs can be reduced.

    2. When promotion knocks on your door:

      Getting a well-earned salary hike (with or without promotion) is of course, a moment to savor. But it is also an opportunity to clear your loans sooner than you anticipated and take a huge leap from your standard repayment schedule. Now, if you want to stick to a pre-planned schedule, your added income makes you eligible for lucrative options like car loan refinancing if the interest rates have fallen.

    3. When rates have dipped:

      Even though most student car loans come with a steady interest rate throughout the loan tenure, many private financiers can offer good deals based on the existing market rates. This, as mentioned, is the perfect time to refinance and the resultant reduction in the EMI is quite welcome. If you are not sure what rates are available presently, talk to your financier regarding this.

    4. When a new bank, financier or product hit the playground:

      If you have thought of combining or refinancing all your student loans, remember that there are new competitors in the market. The arrival of new players in the student loan arena offers more scope to save. This proves that sensible management of student loans is becoming a vibrant process and by being up-to-date of the choices, can help you save more. Also, you can refinance your loan as many times as you want.

    5. When your credit score progresses:

      Whether you have been meticulous in enhancing your credit or it has merely occurred with time, a conspicuous (positive) change can get you a fresh review of loan payment. With better credit score and a reputation of punctual repayments, you become a less risky borrower to loan providers. If you fall into this class, lenders will be keen to offer an agreeable rate and settlement terms for your student car loan.

    6. When you coax a strong co-signer:

      Student car loan eligibility evidently depends on your credit history and those who fall under this category can get the help of a willing co-signer, who is more than eligible to sign on your refinancing application. The benefits of reducing your interest rate and changing your repayment terms can save you thousands over the lifetime of your student loans. You must ensure that your co-signer has a complete understanding of your remaining debt and the accountabilities of the loan agreement he/ she is signing.

    Conclusion:

    Ultimately, the relaxation in student loans by our government is a welcome move. The sense of inescapable student loan liabilities that exemplifies much of the present day higher education discussion is probably on the way to becoming a thing of the past.

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  • Student Car Loan Reviews

    • SBI Car Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I had taken car loan from State bank of India. I do not remember the interest rate for the loan. But the entire process went good with SBI without any issues. I am happy with SBI for the car loan. Documentation process went good with the bank. Their entire service is fine.
      Was this review helpful? 0
      , erode
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar web portal is really good and informative. Also it is very easy to apply for any kind of loan on their site. Their executives are very supportive and I received regular followups from them on my car loan application. I am satisfied with Bank bazaar services.
      Was this review helpful? 0
      , udaipur
      Reviewed on May 25, 2017
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Everything was fine with HDFC Bank. They were happy to serve for my car loan They were very quick in contacting me and informing me the details. I did proceed ahead with them Since I had some financial problem In future if required surely will contact and the rate of interest was 9.75%.
      Was this review helpful? 0
      , udaipur
      Reviewed on May 25, 2017
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Loan amount I have opted for 5 lakhs and the bank has given me 5.5 laks Documentation was less with State bank of India as well as within 1 days car loan got disbursed. Within short span of time. almost all formalities were completed and the communication was so good with their customer service team works good as well.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      The services at Bankbazaar has been good and it was a nice experience as I got all the information I needed I suggest bank bazaar to have more options of banks in website. The website is pretty much useful and it would be better off there are lesser rates available on the site for the customer to choose the least.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Car Loan
      "Service Was not Good"
      0.5 1.0/5 "Really Bad"
      Actually I did not receive enough response from Oriental Bank of Commerce for my car loan. I have not even received one call from the bank. So I just postponed my plan in getting a loan and I canceled my car loan application with OBC. Later I opted from other resources with low ROI
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      The follow up was very good in Bank Bazaar, I have applied from from mobile app and this is not my experience. app is very friendly and hassle free to search all financial products in a one stop. Overall I can say bankbazaar.com gives very good service to their customers,
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      This bank was good. My experience was brilliant. Service was good. Net banking is very good, I use this online net banking often and they have charge for online fund transfer. Adding beneficiary with this bank it takes around 24 hours Bank Of Baroda is good in their network.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • SBI Car Loan
      "High interest rate for used car"
      0.5 3.0/5 "Satisfactory"
      Once I submitted my car loan application with State bank of India. Actually I was looking for used car. For used car, SBI quoted very high rate of interest. For new car, the interest rate is around 8 - 9%. Since the rate of interest is very high for used car, I just dropped the application.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I was getting regular calls and messages from bankbazaar so it was very helpful to know the status of my application. When I applied for the loan online, after two days I had been contacted by them and they helped me to assign my application to the bank.
      Was this review helpful? 0
      , vadodara
      Reviewed on May 25, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      ICICI Bank was way responsive to my personal loan application. But I did not proceed with them because they said they cannot process the loan commercial purpose only they will do for own purposes I was about to apply for 3 to 4 lakhs rupees loan
      Was this review helpful? 0
      , vadodara
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar.com is excellent and the response was very much instant from them after applying online with in 24 hour of time they gave a call back. I had received good followup calls too. The Mobile app is also good at the same time I did not had any difficulties apply through app.
      Was this review helpful? 1
      , madurai
      Reviewed on May 25, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I tried for a car loan with HDFC bank. During the process of the loan the support and response provided by the bank was too good but bank executive said they cannot process my loan they said they provide loan only to own purpose not for commercial purpose I said OK.
      Was this review helpful? 0
      , madurai
      Reviewed on May 25, 2017
    • Cholamandalam Finance Car Loan
      "Average "
      0.5 3.0/5 "Satisfactory"
      Currently, I am having the car loan with the Cholamandalam finance and the rate of interest is around 13.5%. Within three days of time, the loan amount got disbursed and there is no collateral. I have not seen any difficulties with them.
      Was this review helpful? 1
      , satara
      Reviewed on May 24, 2017
    • Tata Finance Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was smoother process for the my car loan from TATA FINANCE as i had a good relationship with them. Interest rate offered minimal and there was some processing fee . Minimal documents were collected and they took only just 2 days the loan amount I have opted for 5 lakhs and 2.50 lakhs I have done the down payment.
      Was this review helpful? 1
      , panchkula
      Reviewed on May 24, 2017
    • review Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Mahindra and Mahindra Car loan process was okay. The best part about this car loan was, when the loan was under process they hardly took around 3 days of time to provide the loan . I got the car quickly on time, the loan was processed during the year 2013 . Interest rate and processing fee was 4500
      Was this review helpful? 1
      , panchkula
      Reviewed on May 24, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      When I have applied for my car loan with Hdfc bank, they gave very prompt response and they have made very good follow up in concern to my car loan application. I have postponed my plan that was the reason I haven't got the car loan with HDFC bank. Overall the service is better with HDFC bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 24, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      No misses absolutely with bankbazaar nor any drawback on using their services and I am happy that the team was proactive in providing me with the details. The follow up process was also good and they were supportive in giving me updates as well. The website is user friendly and very much fast to browse through for the details
      Was this review helpful? 0
      , navsari
      Reviewed on May 24, 2017
    • Au Finance Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I am happy AU housing finance have contacted me on time that too twice they did. They had explained me about the product very well & convinced me they loan amount I have applied for.the loan amount I have applied is 1.50 lakhs.
      Was this review helpful? 0
      , navsari
      Reviewed on May 24, 2017
    • Canara Bank Car Loan
      "Quick Service"
      0.5 4.0/5 "Great!"
      In 2015, I had taken a car loan with Canara Bank. The interest rate was of 11%. I went to the bank and discussed with the manager about the loan, immediately they gave me the application form and processed the loan within 30 minutes. Actually that was year end so they processed it as soon as possible.
      Was this review helpful? 0
      , salem
      Reviewed on May 24, 2017
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