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Coimbatore Car Loan Reviews

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Car Loan

"Recommendable product"

0.5 4.0/5 "Great!"

I have purchased reused car, Indusind gave me good benefits, I have taken the loan amount of Rs.4 lakhs for tenure of 47 months, EMI is Rs.11,400 . They gave me reasonable interest rate and with low processing fee. I am very much happy about their service.

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ROHITH ROHITH , coimbatore
Reviewed on Aug 08, 2017
Customer Support

"Excellent services"

0.5 5.0/5 "Blown Away!"

The services at Bankbazaar has been perfect and the overall experience was swift. They have done a great job. The team has been in constant touch and the regular follow up calls is good. The website is also very informative and easy to find and easy to use.

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PANDARAM VETRIVEL GOWTHAMRAJ , coimbatore
Reviewed on Jul 23, 2017
Car Loan

"Fast process"

0.5 5.0/5 "Blown Away!"

HDFC Bank is doing excellent in the loan process. I had taken a car loan and the bank processed my loan within a span of four days. I got 80% of the vehicle value. The documentation was normal and the after loan services is also good and smooth. The rate of interest and charges is also normal. The bank is very much beneficial to me.

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PANDARAM VETRIVEL GOWTHAMRAJ , coimbatore
Reviewed on Jul 23, 2017
Car Loan

"Satisfactory service"

0.5 5.0/5 "Blown Away!"

AXIS Bank executives came and collected my required documents to process my car loan application. They took around 2 days to disburse to my car loan. The rate of interest is nominal with axis bank. The customer service and the response was good with Axis bank. I am satisfied with the loan amount.

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VIJAYKUMAR S , coimbatore
Reviewed on Jul 05, 2017
Customer Support

"Good service"

0.5 4.5/5 "Excellent!"

I got to know about bank bazaar through google web search. I know bank bazaar for past Two years. The customer service and response was good with bank bazaar. I have applied car loan through bank bazaar web site which is easy to use and user friendly.

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VIJAYKUMAR S , coimbatore
Reviewed on Jul 05, 2017
Car Loan

"Average service"

0.5 4.0/5 "Great!"

The customer service and the response was average with HDFC bank. The rate of interest was low when compared with others. The HDFC didn't gave proper response in concern to my car loan application, so that was the reason I haven't processed my car loan with HDFC bank.

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VIJAYKUMAR S , coimbatore
Reviewed on Jul 05, 2017
Car Loan

"Nice Service"

0.5 5.0/5 "Blown Away!"

When I applied for the car loan with Capital First, I had received a call from them and they asked me to visit the showroom to select the car model but I do not have any time to select the car hence the application been closed. I am planning to apply for the car loan again.

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V PREMALATHA PREMALATHA , coimbatore
Reviewed on Jul 05, 2017
Customer Support

"Immediate Service"

0.5 5.0/5 "Blown Away!"

When I applied for the car loan on bankbazaar website, I had received an immediate call from them. Actually I got call within 10 minutes from when I applied. Their website is really easy to handle and they were very responsive on my loan application.

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V PREMALATHA PREMALATHA , coimbatore
Reviewed on Jul 05, 2017
Customer Support

"Overall good"

0.5 5.0/5 "Blown Away!"

The services rendered by Bankbazaar has been up to the mark. The process was quick and they contacted me on time and processed all my details. There were a number of times they followed up as well through the process. The website is very much simple to understand.

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ALAGESH WARAN , coimbatore
Reviewed on Jul 04, 2017
Car Loan

"Overall good experience"

0.5 5.0/5 "Blown Away!"

HDFC Bank has been good for the car loan services and response. The team was supportive in giving me details. I did not go ahead for the loan because the bank was not offering me commercial vehicle. The interest rate and the processing charges was normal.

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ALAGESH WARAN , coimbatore
Reviewed on Jul 04, 2017
Car Loan

"Wonderful "

0.5 3.0/5 "Satisfactory"

I got the car loan with the Shriram finance limited and the interest rate is around 11.15%, also the loan amount got disbursed within four days of time. Response is nominal one with them. Processing charges were around 4000 Rupees with them. Service aspects are good one with the Shriram finance limited.

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GEORGE A , coimbatore
Reviewed on Jul 03, 2017
Customer Support

"Services are good"

0.5 3.0/5 "Satisfactory"

The overall experience is good at Bankbazaar as I was contacted on time and given the details. The process was good as my details was processed to the banks on time. It would be better if there is no auto save on the portal, so the customer would be more comfortable to navigate through.

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MURUGESH MANIKANDAN , coimbatore
Reviewed on Jun 30, 2017
Car Loan

"Good overall"

0.5 4.0/5 "Great!"

Since I decided to take a new model of Maruti Swift which is out in 2018. So I cancelled my car loan application with HDFC Bank. I received a proper response and service and they were on time to inform me the details. The interest rate and charges is also normal.

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MURUGESH MANIKANDAN , coimbatore
Reviewed on Jun 30, 2017
Car Loan

"Good Response"

0.5 4.0/5 "Great!"

I had taken car loan from State bank of India. It was taken about four years back. The interest rate is 9.25%. I had not faced any issues with SBI during the loan process. They provided very good response for my loan application and the vehicle got delivered at the right time.

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MUTHUSAMY HARIDAS , coimbatore
Reviewed on Jun 19, 2017
Car Loan

"Better Service"

0.5 4.0/5 "Great!"

Got a car loan with central bank of India . The rate of interest which was offered by central bank was high, when compared with others. I am happy about the loan amount, still they can reduce their interest in future. They took around 4 days to process my loan and disbursed the loan within a week time.

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CHINNASWAMY VISHWANT , coimbatore
Reviewed on Jun 13, 2017
Customer Support

"Excellent"

0.5 5.0/5 "Blown Away!"

I had received a very good response from Bankbazaar. Once I submitted my application on their website, I got an immediate call and they followed up my loan application. Their website is quite easy to handle and in all there were no issues with bankbazaar.

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SENTHILNATHAN SENTHILNATHAN , coimbatore
Reviewed on Jun 12, 2017
Car Loan

"Excellent"

0.5 5.0/5 "Blown Away!"

I took the car loan from HDFC bank , the interest rate was around 10%, which I would say is a good one. The loan amount got successfully disbursed within given time. Processing charges were very nominal one with them and they have provided around 2.6 lakhs of the loan amount.

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SENTHILNATHAN SENTHILNATHAN , coimbatore
Reviewed on Jun 12, 2017
Customer Support

"Good Process"

0.5 4.0/5 "Great!"

Bankbazaar provided good response and proper service for the loan process. I applied for the loan over the bankbazaar website. I selected the bank for the loan through bankbazaar website because they showcased the interest rate from different banks so it is very easy to handle the website.

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MURUGANANDAM MURUG , coimbatore
Reviewed on Jun 10, 2017
Car Loan

"Better Service"

0.5 4.0/5 "Great!"

I applied with TVS credit services for the car loan but I had not taken the loan from them. I had received good response and proper service but HDFC done a favor in terms of the rate of interest so I had taken the loan from HDFC bank.

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MURUGANANDAM MURUG , coimbatore
Reviewed on Jun 10, 2017
Car Loan

"Good service"

0.5 5.0/5 "Blown Away!"

If you are looking out for car loan I would say you need to contact State bank as it is the best one to be approached. We can get the best interest rate to the market level. Interest rate would be very nominal when we compared with any other banks. The process should be done on time.

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RAJKUMAR BHARATHY , coimbatore
Reviewed on Jun 08, 2017

Coimbatore Car Loan is Rated as "Excellent!" by 316 Users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Car Loan BYTES FROM OUR KITCHEN

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Check your Eligibility!

Coimbatore is the second largest urban agglomeration in Tamil Nadu. Its known as the ‘Manchester of South India’ and it’s also the second largest software producer in the state.

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.

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

At least 21 years old

Less than 67 years old

Coimbatore Car Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

Earn more than the minimum
income required

Check if you’re eligible >>

Your Coimbatore Car Loan amount eligibility is based on these factors

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

Coimbatore Car Loan Maximum Loan to Value

Loan capped @
85% Ex-Showroom price

EMIs of other loans lower
your eligibility

Check how much you can borrow >>

Increase your eligible Coimbatore Car Loan amount by these steps

Coimbatore Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Check eligible loan amount >>

Documentation needed to apply for an Coimbatore 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

Apply now >>

Coimbatore Car Loan Interest Rates_{Updated on 16 Aug 2017}

Coimbatore 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

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Get IFSC Codes from Coimbatore City

GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

Disclaimer

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.

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