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 34 Hyderabad 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 Rs.2,500 Amazon voucher free Paperless approval option available
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    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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Eligibility Criteria
    8.25% - 9% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free 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
    Rs.2,500 Amazon voucher free 100% financing on car value
    What you'll love
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    Perks
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    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Eligibility Criteria
    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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.30% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
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  • Hyderabad Car Loan Reviews

    • Bank Bazaar Customer Support
      "Good service"
      0.5 4.0/5 "Great!"
      This is a good service provided by bankbazaar.com to get prior approval after that we planned to get the car . We can save our time and money with this type of online service. thank you bank bazar, I hope my loan request would be acknowledged within a short span of time . I am waitin for your call. ....cahalapathi
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar has been good as well. As a mediator they have done a good job and the were prompt in contacting me and giving me the details needed. The website is also satisfactory because they had a lot of options to choose from and select the right bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Since I decided to take the car loan in the second half of the year. I postponed my decision due to personal reasons. I cancelled my application with Axis Bank. The customer support was good and I received a proper response and the interest rate and charges was normal too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Bank Bazaar Customer Support
      "Overall good"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar has been good and I appreciate the quick process. They contacted me as soon as I registered and I was given the necessary details of the banks I was eligible for. The website is also nice and very easy to use and the comparison options are helpful.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • HDFC Bank Car Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      I received calls from HDFC Bank for the car loan. The response was quick and they informed me the details. The bank also checked about my requirement. The interest rate and processing charges was on high for me, so I cancelled my plans in taking the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • SBI Car Loan
      "Best interest rate"
      0.5 5.0/5 "Blown Away!"
      Interest rate is around 9% fro the car loan with State bank of India. Actually I availed this loan about six months ago. Everything went good with the bank during the loan process. SBI Interest rate is the best one in the market. I got the loan on time from SBI.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Satifactory service"
      0.5 3.0/5 "Satisfactory"
      I had received a very good service from bankbazaar. The provided a regular followups from bankbazaar. Also they updated the status of the application. The website is user friendly and helpful to check the interest rate and other details for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • YES Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got the car loan from Yes bank in 24 hours of time, I have submitted my documents at 11 am and the loan amount got disbursed after 6 pm, I would say it was an instant car loan. The rate of interest is nominal when compared with others, The customer service and the response was good with Yes bank. The service offered by Yes bank was really quick and fast, the original documents which I have submitted was returned in 15 days after the disbursement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar customer service was very supportive and helpful . I know about bank bazaar through google web search. I am with bank bazaar for more than 2 years, I have got many products through bank bazaar web site. The customer service and the response with bank bazaar was good. The bank bazaar web site is easy to use and user friendly. I am satisfied using bank bazaar portal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2017
    • Dena Bank Car Loan
      "Need Improvement"
      0.5 4.0/5 "Great!"
      Dena bank was really slow in the process. The authentication work need be done by the customer with Dena bank but with other banks they will take care of everything. The customer service and the response part need to be improved with Dena bank, they need to be quick and fast in future. The rate of interest is nominal with Dena bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2017
    • Indian Bank Car Loan
      "Excellent service"
      0.5 3.5/5 "Pretty good"
      I got the car loan with the interest rate of 9.4% and I have submitted all my required documents, within a day time I got the loan from Indian bank. My friend is employed in Indian bank through his referral, I got the loan with INDIAN Bank. The rate of interest is very much nominal with INDIAN Bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "Very good portal"
      0.5 4.0/5 "Great!"
      The customer support gave me a good response after registering my details with bank bazaar web site. I am aware of bank bazaar through advertisements and through promotional mails too. I am with bank bazaar for more than 2 years. The bank bazaar web site is very much easy to use and user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The response part need to be improved with Axis bank. The customer service took too much of time to response to my car loan application, The rate of interest is also in higher level, when compared with market rates. That was the reason I haven't got the car loan with Axis bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 4.0/5 "Great!"
      The process was quite good with bankbazaar.com. The portal is good, I can compare all the options. I got all the message and updates regarding loans. I also was getting timely update, I was aware of it. Very much happy with the service provided by bankbazaar.com.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The car loan experience with OBC has not been up to the mark. The bank contacted me initially and later there was no follow up calls done .So went ahead with another bank which provided better services. Not sure on the interest rate and charges the amount that I was in need is 8 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      The best part I like about bank bazaar is there checking availability and eligibility criteria and I am with bank bazaar for past 1 year. I got to know about bankbazaar through web search. The bank bazaar web site is easy to use and user friendly. I am satisfied with bank bazaar service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
    • HDFC Bank Car Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      Hdfc bank is not giving the response to their customers. The customer service and the response need to be improved with HDFC bank. With my car loan concern there is some miss communication happened but they haven't gave a call to inform about the status of my product. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
    • Bank Bazaar Customer Support
      "Nice Service"
      0.5 4.0/5 "Great!"
      Bankbazaar provided a good support for my loan application. They contacted me on time and provided the required information for the loan process. Also their website is quite easy to approach and useful to select the appropriate bank for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
    • HDFC Bank Car Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      I had applied for the car loan with HDFC bank. But due to vehicle issue I could not get the loan. Actually I had selected the car model CHEVROLET ENJOY 1.4 LTZ-8. But from HDFC bank end, I had received good response and followups for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
    • Bank Bazaar Customer Support
      "Better service"
      0.5 3.5/5 "Pretty good"
      Actually I was searching for the car loan through Internet, then I found this financial channel bankbazaar.com. I have applied car loan through bank bazaar web site which is easy to use and user friendly. The customer service and response was good with bank bazaar. They gave immediate response. The service provided by bank bazaar was better.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
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    Hyderabad Car Loan is Rated as "Excellent!" by 2420 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Hyderabad is the capital of Andhra Pradesh in Southern India.A city rich with history and tradition, Hyderabad now competes with Bangalore, Chennai for the crown of India's IT capital.

    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 Hyderabad Car Loan if you are

    01
    02
    03
    04
    Hyderabad Car Loan Minimum Age

    At least 21 years old

    Hyderabad Car Loan Maximum Age

    Less than 67 years old

    Hyderabad Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Hyderabad Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Hyderabad Car Loan amount eligibility is based on these factors

    01
    02
    03
    Hyderabad Car Loan Minimum Salary

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

    Hyderabad Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Hyderabad Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Hyderabad Car Loan amount by these steps

    01
    02
    Hyderabad Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Hyderabad Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Hyderabad 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

    Hyderabad Car Loan Interest RatesUpdated on 24 Jul 2017

    Hyderabad 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

    Car loans in Hyderabad

    Owning a car is generally seen as a luxury, but in today’s day and age it is more of an investment. When a customer makes an investment on a four wheeler he needs to consider certain aspects attached to it. How much return does he get in the long run? Is the investment on a car financially viable to him? To evaluate these aspects, a prospective car buyer needs to first understand how and what type of financing he would be availing for his new car. Getting customized car packages from car dealers can always entice a buyer but he needs to weigh the pros and cons attached. Car dealers tend to charge higher interest rates and also have numerous hidden charges in their packages which will only stretch a customer’s wallet. A safer option for a customer would be to avail a comprehensive car loan package from a bank and avoid all additional expenses. Car loans in Hyderabad can be easily availed by customers as there are numerous banks offering attractive auto financing deals with a variety of benefits.

    Top banks providing car loans in Hyderabad

    Here are the top ten banks providing car loans in Hyderabad listed in the ascending order of interest rates charged.

    State Bank of Hyderabad car loan - State Bank of Hyderabad offers car loan deals with the lowest interest rates of 10.30% per annum in Hyderabad.

    State Bank of India car loan - State Bank of India offers car loans with individual rates for men (10.40% per annum) and for women (10.40% per annum).

    Bank of Baroda car loan - Bank of Baroda also provides car loans in Hyderabad at a competitive interest rate of 10.50% per annum. Bank of Baroda car loans include the unique feature of installation of CNG-LPG gas kits in four wheelers.

    Punjab National Bank car loan - Car finance is available in Hyderabad from Punjab National Bank, with the bank charging two types of interest rates - a fixed rate of 10.65% per annum and a floating interest rate of 10.50% per annum.

    Bank of India car loan - Star Vehicle loan scheme from Bank of India is a comprehensive car loan deal with an interest rate of 10.65% per annum.

    Andhra Bank car loan - Andhra Bank has exciting car loan schemes for Hyderabad customers with interest rates ranging from 10.75% per annum to 11.00% per annum.

    Axis Bank car loan - Axis Bank auto loans are unique and tailor made for Hyderabad customers with an interest rate of 11.50% per annum.

    ICICI Bank car loan - ICICI bank car loans in Hyderabad can be availed with interest rates ranging between 10.75% per annum to 15.00% per annum, depending on the type of vehicle and the loan tenure.

    Kotak Mahindra car loan - Kotak Mahindra Bank provides car loans with flexible repayment tenures and finances up to 90% of the ex-showroom price of the new car in Hyderabad. The interest rates for Kotak Mahindra car loans vary from 11.50% per annum to 13.50% per annum.

    HDFC Bank car loan - HDFC Bank offers car loans in Hyderabad with the lowest down payments and interest rates ranging between 11.50% per annum to 13.75 % per annum.

    Age criteria for availing a car loan in Hyderabad

    Salaried professionals should be 25 years and above while applying for a car loan with any bank in Hyderabad. The maximum age should not be more than 58 years for an individual at the time of maturity of the car loan.

    Any self-employed professional, proprietor, partner or a director from any firm or public and private limited company should be between 28 to 65 years while applying for car loans in Hyderabad. At the time of maturity of the car loan, the applicants should not be aged above 65 years.

    Income criteria for car loans in Hyderabad

    Applicants with regular salaries should have a gross annual income of at least Rs 4 lakhs to be eligible to apply for a car loan in Hyderabad. Individuals should have been in continuous employment for at least two years and should be employed with their current employer for at least one year.

    Businessmen are required to show a gross annual income of Rs 2.5 lakhs with business stability of more than three years to qualify for a car loan in Hyderabad. Partnership firms and private / public limited companies should also show profits of Rs 2.5 lakhs after taxation to get an approval for a car loan. Firms and companies are also required to be in business for at least a period of three years.

    Documents required for a car loan in Hyderabad

    Applicants have to submit the below mentioned documents specific to each category while applying for a car loan in Hyderabad.

    As Identity proofs, copies of these documents can be submitted for a car loan approval - Valid Passport of the applicant, PAN Card, voter’s ID card and valid driving license.

    As address proofs, copies of any of the following documents can be provided to the bank - Ration card, driving license, voter’s ID card, valid passport of the applicant, telephone bills, electricity bills, life insurance policies and PAN card.

    Proof of Income

    Salaried individuals need to furnish their latest salary slips, income tax returns and form 16 for the last two years as income proofs for car loan applications.

    Self-employed professionals have to submit income tax returns for the last two years along with financial statements. Partnership firms and corporate companies need to submit their income tax returns for the last two years, balance sheets, profit and loss account statements and audited reports also for the last two years.

    In addition to the above documents, applicants should also provide their bank account statements for the last six months and signature proofs as requested by the bank for car loan applications in Hyderabad.

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