If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • loading

    We found 3 Chennai Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.25% - 13.99% Fixed
    Up to ₹4000 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
     Loading your search... Loading your search...
  • Chennai Car Loan Reviews

    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I enjoyed first class service from bankbazaar. They were very much regular when it comes to followups and updates. I got a very good customer service from them. Their website is helpful to find the bank when it comes to the loan process. It has all the details like interest rate and other charges which is mentioned on the website.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Oriental Bank of Commerce Car Loan
      "Satisfactory service"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with OBC and I am not happy with the services I received. They never contacted me nor provided the proper information about my loan application with the given time so I had to drop the plan and I had a plan of taking the loan amount of five lakhs.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • HDFC Bank Car Loan
      "Immediate Response"
      0.5 4.0/5 "Great!"
      When I inquired about the car loan with HDFC bank, I came to know that this HDFC Bank is good in the rate of interest which is 8.5% for the loan amount of 7 lakhs. I had already holding savings account with the same bank for the four years. HDFC Bank is really good in providing immediate response.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good Website"
      0.5 4.0/5 "Great!"
      I am happy with the services of bankbazaar. I had received all the details from bankbazaar for the loan process. The website is very easy to handle and it has all the details about bank along with the rate of interest and other information so it is much helpful.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Capital First Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Initially I applied for the car loan with Capital First. But then I had not taken the loan. I had purchased the car through some other source. The main reason for not taking the loan is the interest rate which is 14.5% very high. Apart from the rate of interest, other services like their response and customer approach were really good with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Very Responsive"
      0.5 5.0/5 "Blown Away!"
      Followups are really good with bankbazaar. Once I applied for the loan on their website, they contacted me and provided good response. Even after forwarding my application to the bank, they promptly contacted me and inquired about the app status. They are taking the responsibilities seriously and providing good service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Delayed Response"
      0.5 4.0/5 "Great!"
      On my car loan application, I approached Axis bank. At that time the bank did not respond me for the loan on time so I went a head with the other bank. After which Axis bank contacted me for the loan but I did not take the loan from them. I received delayed response from Axis.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had received good service from bankbazaar. They are very regular in followups and updates. I got good customer service from them. Their website is helpful to find the bank for the loan process. It has all the details like interest rate and other charges on the website.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      Already I had taken the car loan from Axis bank last time. Again I applied for the loan with Axis bank. The bank provided very good response on my loan application then they processed it in a good way. I did not face any hassles with the bank during the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Bank of Baroda Car Loan
      "Friendly Manager"
      0.5 5.0/5 "Blown Away!"
      Three years ago, I had taken the car loan from Bank of Baroda. The tenure is 60 months and the emi would be 12,500. I am done with 32 EMIs. Till date there is no default in my payment. The bank manager was very friendly, he guided me in a proper way and supported a lot. They proper used to send notifications via message and letters.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has been really good and very supportive in connecting me with the banks on time and without me doing much from my end. The website is good and very much satisfactory as I could see all the details at one go and also compare the same before applying for it.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 15, 2017
    • HDFC Bank Car Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank was overall good for the car loan and the experience was nice. I got the loan within five to six days and the rate of interest and processing charges was normal. It was a good deal and the customer support is doing an amazing job when it comes to documents collection too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 15, 2017
    • SBI Car Loan
      "Awesome Experience"
      0.5 5.0/5 "Blown Away!"
      SBI is very good, when I approached for the car loan, I didn't feel its a nationalized bank. Because they are more professional and they done fast process on my car loan. They approved the loan on road price of the car, this is for a tenure of 5 years and this comes with a rate of interest of 9.65% .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Convenient services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is doing a excellent job and it helped me find a lot offers in two or three minutes. I got the portal online and I had been using the mobile application. It is a user friendly application and I am able to register and track my status as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 15, 2017
    • Axis Bank Car Loan
      "Bank has to consistent in details"
      0.5 3.0/5 "Satisfactory"
      My car loan is with Axis Bank , the bank was not consistent in the details they had given me at the initial stage of the process. I was told that I would get an interest rate of 9.1% and finally I was given 9.25% and the processing charges was around 4K and later they charged me 4500. I had to struggle much to negotiate and because of this the process was delayed by ten days. This bank is recommendable only for customers who have no other choice.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Fantastic services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is fantastic when it comes to customer services and it was very easy for me to get my loan. They contacted me instantly and they processed my information to the banks as well. The website is good and very much easy to access and it was very useful for me.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • Axis Bank Car Loan
      "Super fast process"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Axis Bank and I got the loan within a day. They were super fast in the process and the documentation. I also received the loan amount I was needing. I need 85% of the vehicle value and I got it. The rate of interest was a good deal, around 9%. The processing charges are on the higher side.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • ICICI Bank Car Loan
      "Great"
      0.5 4.0/5 "Great!"
      I have closed the car loan with the rate of interest as 9.25% in ICICI bank. Services were better one with the ICICI bank and I was satisfied. Interest rate was the only concern with the ICICI bank and I got the RC book and NOC in a day itself.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 12, 2017
    • Bank Bazaar Customer Support
      "Fantastic"
      0.5 4.0/5 "Great!"
      Bankbazaar.com have come up with new offers and they have helped me to choose the right bankers. I am using Bankbazaar.com from the last two to three months of time, also am happy with them till now and I have not found any hiccups as such.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 12, 2017
    • HDFC Bank Car Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I have not taken the car loan with the HDFC bank and the rate of interest was around 9.15%, also I was happy with that. Customer service with the HDFC bank was fine one and they have called me and explained each and everything.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 12, 2017
    Common Loader Icon

    Chennai Car Loan is Rated as "Excellent!" by 2558 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 23 Jun 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
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.