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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    We found 3 Chennai Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.50% - 15% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13.1% - 15% Floating
    0
    20K - 10L
    1-5 Years
    Response Time Within 30 minutes
    Ad Rs.2,500 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Chennai Car Loan Reviews

    • Bank Bazaar Customer Support
      "Userfriendly Website"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is perfect, I could see the website information its useful and also I was getting latest updates through mail or call. Bank Bazaar executives are good they called and gave me proactive response. Its easy to apply everything through online its better.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 23, 2017
    • TVS Credit Services Car Loan
      "Service should be better"
      0.5 1.0/5 "Really Bad"
      Still now I didn't receive any call from TVS Credit from the day of request for my car loan, I have already shortlisted the car called Innova but TVS credit didn't give any response. Because of that, I could not finalize the car. It would be great if they provide good response to the customer.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 23, 2017
    • Bank Bazaar Customer Support
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com response is good and they used to provide the proper things with them. Customer service provided by Bankbazaar.com is really good and I came to know about it through internet search. Overall services provided by bankbazaar is really good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 23, 2017
    • Axis Bank Car Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I have applied for the commercial car loan with the Axis bank and they have told that they can provide only 80% of the cost of car as loan but I was in need of 90%,so I have not gone ahead with them. Customer service and the response are really a good one with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 23, 2017
    • Bank Bazaar Customer Support
      "Easy to get a loan"
      0.5 4.5/5 "Excellent!"
      I thought it would a tough job for me to get a loan. But it was very convenient for me to get through with the bank because I logged into the website of Bankbazaar. The customer support is excellent, I got a response immediately as soon as I registered and they helped me through.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • Sundaram Finance Car Loan
      "Overall good "
      0.5 4.5/5 "Excellent!"
      The experience was good at Sundaram finance for the car loan. I got the loan on time and the process was also quick for the document collection. I can make a prepayment after one year. The interest rate is of 9.5% and the processing charges is of 2.5%
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      Most assuredly I would say bankbazaar service is really good also their customer care executives were very much helpful. The process was very fast when I approached bankbazaar I was personally contacted by bankbazaar executives and I guess it was purely because of bankbazaar my car loan was processed quickly by HDFC. In the near future If I need any financial assistance I would definitely make it a point to visit this site.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 21, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Service provided by HDFC car loan was very comfortable for me and i generally prefer hdfc always because the rate of interest as it is 8.5% and it is low when compared to other banks and also the documentation part was also less and it was the executives who made this loan process easier and fast. However, I have some personal family issues so I had can celled it permanently.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 21, 2017
    • Bank Bazaar Customer Support
      "Convenient"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good in providing accurate information during the loan process and it is the best platform for the financial services. They collected my feedback during the loan process and followed my loan application promptly. Actually bankbazaar made my work much simple.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 21, 2017
    • TVS Credit Services Car Loan
      "Good interest rate"
      0.5 4.0/5 "Great!"
      I am pretty much satisfied with the interest rate for my car loan. TVS credit services are really providing a good service for the loan process. I have a very good experience with them and everything was smooth and appreciable. No issues at all.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 21, 2017
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have some other personal reason and thats why I have not taken the car loan with the ICICI bank. I would like to say that the customer service and the response were really good and in future, I would like to go ahead with the ICICI bank for the credit products.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 21, 2017
    • Bank Bazaar Customer Support
      "Recommendable"
      0.5 4.0/5 "Great!"
      Before I was connected with bankbazaar, I was trying with the bank directly for the loan, but I did not get the loan that time. When I connected with bankbazaar it was easy to get the loan. Recently I got the car loan easily. So I referred my friends too.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 19, 2017
    • Capital First Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Capital first delivered a good service for my car loan process. But it was a long process, they took quite long time but then I am fully satisfied with the service. I do not have any issues at any stage. All things like customer service, response, etc.., are good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 19, 2017
    • Bank Bazaar Customer Support
      "Absolutely good"
      0.5 5.0/5 "Blown Away!"
      Absolutely everything went good with bankbazaar. Especially the follow up calls from bankbazaar are good enough and they updated the status of the loan application at regular intervals. Even they have good web portal which is user friendly.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 19, 2017
    • Sundaram Finance Car Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      Interest rate is somewhat not satisfactory because when compared with other banks, the rate I got from Sundaram Finance for the car loan is higher. The rest of the things for the loan process was good and satisfactory. There was no issues even at the time of disbursement. And the customer service is excellent.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 19, 2017
    • Bank Bazaar Customer Support
      "Feedback scrutiny for the loan applied through bankbazzarcom"
      0.5 5.0/5 "Blown Away!"
      It was mindblowing to keep searching for the best suitable offers.fantastic experience.but make it little bit user friendly as well.i was able to choose the apt one that suits my requirements.thanks to bankbazzar for helping me to find one.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Bank Bazaar Customer Support
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Everything was fine with Bank bazaar as the customer services are good the details were clearly informed to me The website of bank bazaar is easy to use and user friendly I got the call from bank bazaar very instant after applying over all everything was fine and this was my first experience.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "RATE OF INTREST IS HIGH"
      0.5 5.0/5 "Blown Away!"
      Axis bank is good in customer service. The Rate of interest is very much high, when compared with other banks It would be great , if axis doing better with rate of interest The response was very instant from the banker and only because of high rate of interest I did not proceed with them
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • SBI Car Loan
      "Swift Service"
      0.5 5.0/5 "Blown Away!"
      This is the known fact that the SBI is the best place for the lowest interest rate. I had taken the car loan, for which, they provided the lowest interest rate, and I am sure that I cannot get this rate from any other bank. Furthermore, they had completed the process in just two days. Actually the bank has done everything in a good manner because I went through a car dealer. It was a pleasant surprise that I had got my loan from SBI in two days but this happened because of the dealer. I just submitted my documents to the dealer and the rest of the loan process was taken care by the dealer. It was a hassles free service.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 16, 2017
    • HDFC Bank Car Loan
      "Good response "
      0.5 5.0/5 "Blown Away!"
      I am having he car loan with the HDFC bank and am using it from the last three years of time. Response is good one with them and they have provided around 85% of the cost of the car loan, also the disbursed got happens to my account directly.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 11, 2017
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    Chennai Car Loan is Rated as "Excellent!" by 2664 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Chennai formerly known as Madras, this 369-year-old city is the capital of the southern state of Tamilnadu and is India's sixth-largest city in terms of population.It serves as one of the main gateways to South India and has a thriving local culture and art scene and is one of the major destinations for medical tourism. It is considered as one of the world's fastest growing cities.

    About Car Finance: Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.


    You’re probably eligible for an Chennai Car Loan if you are

    01
    02
    03
    04
    Chennai Car Loan Minimum Age

    At least 21 years old

    Chennai Car Loan Maximum Age

    Less than 67 years old

    Chennai Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Chennai Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Chennai Car Loan amount eligibility is based on these factors

    01
    02
    03
    Chennai Car Loan Minimum Salary

    Minimum income required Rs.2,40,000 per annum

    Chennai Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Chennai Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Chennai Car Loan amount by these steps

    01
    02
    Chennai Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Chennai Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Chennai Car Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Chennai Car Loan Interest RatesUpdated on 24 Aug 2017

    Chennai Car Loan Details
    Interest Rate (Monthly reducing balance) 10.5% - 12.75%
    Processing Fees Rs. 500 to Rs, 5,000
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% to 4% on outstanding loan amount
    Guarantor Requirement No guarantor required

    Chennai Car Loan

    With its scorching southern humidity, deafening traffic and scarcity of outstanding sights, the atmospheric capital of India has always been considered on the dreary side when compared to other metros of the country. Hugging the coast of Bay of Bengal, Chennai is home to a strapping populace of 6.9 million people. Real estate progression and traffic bedlam threaten to consume Chennai’s fascinating amalgam of Asian pace and spiritual grace. But the chaotic yet strangely synchronized growth of cosmopolitan charm never fails to refine the general standard of living. The city’s soaring economy owes aplenty to its well-established automobile business and hence the sobriquet ‘Indian Detroit’. Statistics show that Chennai had over 12 million 2 and 4-wheeled automobile registrations in 2008.

    Owning a vehicle nowadays is a necessary luxury. And almost everyone depends on car loans to make the dream real. It is predicted that this 2015 is going to be big for car deals in Chennai since the price of funding one have become much cheaper and less hectic. Cheaper doesn’t translate to reduced costs. Car loans have become unavoidable assistants in making that dream car your own. The financiers keep terms and conditions of auto loans competitive for enticing as many aspirant car owners as possible including the utmost parsimonious. Chennai car loan market is quite tough and they come up with attractive offers every now and then. Whether you are looking to finance a new or used car, loans that suit wallets of all shape and size.

    From a chronological perspective, car loan rates have nearly reached rock-bottom. Ironically, buying a new car seems a cheaper option than getting a used car. Banks used to classify customers applying for car loans as ‘risky customers’. This is because even though car loan was a tenable debt, if the customer ceased to repay the money, they could seize the collateral but might find it difficult to resell it while a dealer can easily resell it. Big banks had personal loans and credit card users that earned them bucks. Hence the race between moneylenders was quite aggressive until recently. This trend is undergoing a paradigm shift and now banks too are after that piece of dessert.

    If you are a potential car purchaser, their loss is your profit since it is one of the few sectors of the loaning industry where the demand will only increase. When you apply for car financing in Chennai, you will have to produce a number of related documents. Duplicate copies of photo-bearing national identity cards, current and permanent residential address proofs, employment references, monthly income proofs (salary slips) and your previous debt obligations if any will be required. The dealers/ banks can also access information regarding legal steps that may have been taken against you (if any) using your given account details.

    The chosen dealer or bank might provide you with manufacturer discounts, such as lesser interest rates or even cash back on any particular make. These ads and offers might slip your notice as they are often seasonal. Ensure that you ask them specifically if the model you are seeking has such offers. An informed decision almost always means less regret.

    Check For Latest: Gold Rate in Chennai Or Silver Rate in Chennai
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