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

    Difference Between Electric and Hybrid Cars

    There are various types of cars available in the market to cater to the varying needs of the customers. From luxury sedans and compact SUVs to hatchbacks and MUVs, you can choose a car that will suit the needs of you and your family. Every year, there are new models of cars launched by the top carmakers in the automotive industry. Given the government's concern over the air pollution in the capital city of the country, the automotive industry is gradually transitioning from petrol and diesel cars to hybrid and electric cars.

    The toxic emissions from cars that run on petrol and diesel are harmful to the human body. Therefore, to reduce the toxic gas emission and protect the environment, the Indian government has proposed to phase out petrol and diesel cars, and have an all-electric vehicle fleet by 2030. The government offers subsidies to customers who purchase electric cars. In an effort to facilitate this ambitious target set by the government, many auto manufacturing companies have invested in the production of hybrid and electric cars. You can also choose to be environmentally-friendly and purchase an eco-friendly car like a hybrid or an all-electric car.

    Electric Cars in India

    Although electric cars have been in the market since the 20th century, there has been a need for several improvements in order to make it mainstream like petrol and diesel cars. The electric cars that are produced now have no tailpipe emissions, look stylish, are easier to operate, and require low maintenance. Plug-in Electric Vehicles (PEVs) run on electric motors. PEVs are energised by rechargeable batteries which can be charged by plugging it at home or a private/public charging station. Electric motors in PEVs give the cars instant torque to create a smooth and strong acceleration.

    Plug-in Hybrid Cars in India

    Hybrid cars are those that are powered by a petrol-electric powertrain wherein the car is propelled by electricity as well as petrol. Plug-in Hybrid Vehicles (PHEVs) use both gas engine and rechargeable batteries. The car can be plugged in at home using cables to recharge the battery. A plug-in hybrid vehicle offers more fuel-economy than a standard hybrid vehicle. Yes, a plug-in hybrid car can run solely on gasoline or electricity. However, to get maximum fuel economy, the rechargeable battery has to be fully charged. PHEVs use an electric motor to turn their wheels. The car will run on electricity until the battery drains out. Once the battery needs recharging, the gasoline engine will start and generate electricity to power the electric motor. For short distances, the car may not require gasoline.

    There are different models of PHEVs with varying battery capacities. The 2 types of plug-in hybrid vehicles in the market are Parallel or Blended Plug-in Hybrids and Series Plug-in Hybrids. In the parallel plug-in hybrid car model, the gasoline engine and the electric motor are connected to the car wheels. The electric-only option is reserved for low speeds. In the series plug-in hybrid cars, the electric motor turns the wheels. Only when the battery needs recharging will the gasoline engine kick in and generate electricity for the electric motor. This type of plug-in hybrid vehicles is also known as Extended Range Electric Vehicles (EREVs).

    Top 8 Difference between Electric and Plug-in Hybrid cars

    To help you choose between an all-electric and a plug-in hybrid car, here is a list of the basic differences between the 2 types of cars:

    Electric cars Plug-in hybrid cars
    Electric cars don’t have gasoline engines, they are fully-electric with just rechargeable batteries to power the electric motor. The electric motor of a plug-in hybrid car is powered by both a rechargeable battery and a gasoline engine.
    Once the battery runs out of charge, there is no back-up gasoline engine to power the electric motor in a fully-electric car. Once the battery needs recharging, the gasoline engine kicks in and powers the electric motor in a PHEV.
    As there is more room for batteries in an all-electric car, it offers a longer electric-only range compared to a plug-in hybrid car. The electric motor powered by a rechargeable battery in a plug-in hybrid car offers only 30-40 miles, approximately.
    You can minimise your carbon footprint more efficiently with electric cars as they don’t use fuel. Plug-in hybrid cars aren’t as environmentally friendly as full-electric cars.
    You can save more money on fuel costs when driving an electric car compared to a hybrid car. Once the battery has run of out of charge, you will need petrol or diesel to power the electric motor in a hybrid car. Therefore, you save comparatively less money on fuel costs.
    The total range of an electric car is approximately 60 to 70 miles which is less than a hybrid car. Plug-in hybrid cars can travel approximately 30 to 40 miles on a battery-powered electric motor and additional 200 to 300 miles on gasoline.
    Electric cars are ideal for traveling short distances. Plug-in hybrid cars are ideal for traveling long distances.
    Electric cars push for the need to bring down the cost of batteries. Plug-in hybrid cars drive the need for building several public and private charging stations across the country.

    In conclusion, there are advantages and disadvantages to driving an all-electric car and a plug-in hybrid car. Therefore, choose a car that is best suited to the driving needs of you and your family.

    Car Loan Reviews

    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with ICICI bank for long time, they have given me sufficient loan amount, and they have charged me nominal rate of interest in this loan , they have charged me up to 8.85% .And they have charged processing fee in this loan ,they have charged me up to 2000 rupees, overall experience was too good in this bank.Still the loan is running.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 22, 2019
    • SBI Car Loan
      "Car loan with lowest interest rate and easy repayment"
      0.5 5.0/5 "Blown Away!"
      I have bought my car loan from State bank of India. I have done the pre-closure and they have not charged anything extra money for that. I have got the loan in the year of 2018. They have provided me a car loan with the percentage of 9.25% and the documentation process was very easy.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jan 22, 2019
    • HDFC Bank Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this Car loan was quite good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate and the charges which they had made has also been nominal as well. Their customer support team had also been helpful as well.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jan 22, 2019
    • Bank Bazaar Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have recently started using the services of Bank Bazaar to get my Car loan, and the process was simple. I came across their services while i was going through the internet and i had downloaded their mobile application which has a very good user interface. Their customer support team had also been responsive and was helpful at times.
      Was this review helpful? 0
      , goa
      Reviewed on Jan 22, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen my Car loan from them since i was holding my Salary account from them. The process in getting this loan has been simple and the documentation was also simple. The loan amount has been sufficient and they had charged with an interest rate of 9.5% which is nominal with the market rate. The processing fee with this loan has also been nominal.
      Was this review helpful? 0
      , goa
      Reviewed on Jan 22, 2019
    • Capital First Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with my Car loan from them was quite good where the process has been simple. The loan amount has been sufficient and the interest rate with them has been nominal when compared with the market rate. There has not been any sort of charges which they had been making and the processing fee was nominal. Their customer support team had also been helpful as well.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jan 22, 2019
    • Bank Bazaar Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience i had with Bank Bazaar has been quite good and it was nice. They had been helpful for getting Personal loam, Home loans, Car loans and i had been using the mobile application of them which has been convenient in using. I had come to know about the services of them through advertisements and through my friends.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 22, 2019
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting loan was quite easy and smooth where it was not lengthy and they had collected the documents at the doorsteps. The loan amount which they had provided has been sufficient and the interest rate with them has been less when compared with the other banks. The charges which they had made has been nominal as well. Their customer support has also been responsive and was helpful.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 22, 2019
    • Bank Bazaar Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience with Bank Bazaar while i was getting Car loan through them, i had been using the services of them for the last six months. I came to know about them through internet and i had used their website which has been convenient as well. Their customer support has also been responsive and has been helpful.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process was easy in getting the car loan from them and the loan amount was sufficient as well. The interest rate with them was nominal when compared with the market rate and the charges which they had made where also nominal. Their customer support also was helpful and i had not faced any issues.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • Bank Bazaar Car Loan
      "24/7 available bank service"
      0.5 5.0/5 "Blown Away!"
      To approach the bank for my car loan is very difficult for me. I have done the documentation through online. I got the car loan with the minimum effort because with the help of bankbazaar. I was searching the various products like mutual funds, loan and i have been checking the bankbazaar website for all kind of financial product. I go through this website for any kind of investment plan.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jan 21, 2019
    • HDFC Bank Car Loan
      "Easy and affordable car loan"
      0.5 5.0/5 "Blown Away!"
      It was available with the car loan with the minimum documentation hence i have selected the HDFC bank for my car loan. I have got the interest rate of 9.5% and I'm satisfied with the. At the amount of Rs. 2500 they have charged as a processing fee. They have sanctioned the loan time.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jan 21, 2019
    • Bank Bazaar Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      I just explored about the car loan offers through Bank Bazaar. I got best deal from ICICI bank, then I selected that option. Bank Bazaar executive called me connected with the bank on time without any hassles or without approaching anyone i had received the loan on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 21, 2019
    • Bank Bazaar Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of Bank Bazaar for the last three years and whenever i go in Google to check any financial products where i had come to know about the services of Bank Bazaar. The process in getting my car loan through them was very simple and everything was done online. Their customer support has also been responsive and had a good communication.
      Was this review helpful? 0
      , gorakhpur
      Reviewed on Jan 21, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since it would be easy in getting a loan through them. The process had went well and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate. The charges which they had made has also not been high.
      Was this review helpful? 0
      , gorakhpur
      Reviewed on Jan 21, 2019
    • Bank Bazaar Car Loan
      "Its Customer friendly"
      0.5 5.0/5 "Blown Away!"
      One place to find all the financial banking offers and also I would say its easy to identify the best product. More over the site is nice to upload the documents for the loan products rather approaching the bank. Its a time saving website, the response is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • HDFC Bank Car Loan
      "Recommendable car loan"
      0.5 4.0/5 "Great!"
      My salary account belongs to HDFC bank, hence I thought go with the same bank for the car loan. I hope the interest rate is less for me and also paper work became very easy. Even my car loan got sanctioned within 3 to 4 days then I have purchased Tata Tiago car.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience with Bank Bazaar has been quite good and i had started using the services of them for the last couple of months. Everything has been done online which was easy and convenient. I had used their mobile application which has a very good user interface. Their customer support has also been responsive and was helpful.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Jan 21, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan was quite simple and easy and the loan amount which they had provided has also been sufficient as well. I had chosen to go with them since the charges where very less with them as well as the interest rate which they where offering has been less when compared with the market rate which was around 9.2%. The customer support team of them has also been helpful at times.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Jan 21, 2019
    • Bank Bazaar Car Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bankbazaar is good website and the overall process was easy. One of my friend has suggested me about the bankbazaar website. This is my first experience with bankbazaar. I have checked my credit score through bankbazaar website recently.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
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