Request received - loud & clear!
Returning you to where you were...
Owning a car was seen as a luxury, but today it is seen as many things: an investment, utility, style statement, and a way to comfortably navigate India’s challenging driving conditions. When you invest in a four-wheeler, there’s lots you need to consider. For example, is the investment on a car financially viable to him? Will it help him save on commuting costs over the long run? Will it have a good resale value? To evaluate these aspects, a prospective car buyer needs to first understand 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 of such a deal. 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.
Hyderabad Car Loan Interest Rates | |
Interest Rates | 8.55%-15.50% |
Processing Fees | Starts at 0.2% of the loan amount or a maximum amount decided by the respective bank |
Prepayment Charges | Varies for different banks |
Loan Tenure | Up to 7 Years |
You can take help of the BankBazaar website to grab the best car loan deal. The BankBazaar website provides a list of lenders along with the interest rates and the loan features, which helps you compare your options before making the best choice.
Age | 18-75 Years Of Age |
Minimum Net Annual Salary | Rs. 240,000 p.a. |
Employment Tenure | Minimum of 1 year continuous |
Income Eligibility | Latest Salary Slip and Form 16 |
The best time to buy a new car is now. Browse through BankBazaar’s exclusive assortment of car financing options that could make your dream come true!
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.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.