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
    8.5% - 10% 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 available
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    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    13.1% - 15% Floating
    Up to 2%
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
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    8.75% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    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
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    Eligibility Criteria
    12% - 15.5% 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 available
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    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    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
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    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
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    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
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    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
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  • Hyderabad Car Loan is Rated as "Great!" by 2790 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Car Loan BYTES FROM OUR KITCHEN

    Hyderabad Car Loan

    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 19 Oct 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.

    Hyderabad Car Loan Reviews

    • Bank Bazaar Car Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I know bank bazaar for past 4months. I have applied car loan via bank bazaar website. The customer support was good with bank bazaar tea, The website of bank bazaar is easy to use and customer friendly. They helped me to get in touch with the bank partner.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have postponed the car loan plan so that was the reason I haven't got the loan from HDFC bank. The rate of interest is nominal with HDFC bank. The customer support was good with HDFC bank. The service is good with HDFC bank. The overall service was good with HDFC .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The follow up is good with bank bazaar team. The response part is fine with bank bazaar. The customer support was prompt with bank bazaar team The website of bank bazaar is easy to use and user friendly. I am with bank bazaar for more then 3years. I am satisfied with the bank bazaar .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Dena Bank Car Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      The response was not up to the mark with Dena bank in regards to my car loan application. They asked me to sent the documents via mail I have sent the mail, I have submitted the documents on time, but still I never got any response in regards to my car loan disbursement. The customer support need to be improved with Dena bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Great responsiveness"
      0.5 5.0/5 "Blown Away!"
      My feedback for bank bazaar is excellent they are are the best in customer service.i have been using the website for last six months I am quite happy with options,get know the comparison of financial products of every bank in the market.I wish to be long time user of bank bazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • ICICI Bank Car Loan
      "Best banking "
      0.5 5.0/5 "Blown Away!"
      I had applied for a car loan with ICICI bank for an amount of 4.4lakhs with nominal rate of interest.customer support was good they were too supportive.plan was dropped because I had received funds from a different source. In future am planing to take home loan I feel ICICI bank is the best option
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Goor experience"
      0.5 4.0/5 "Great!"
      I have approached Bank bazaar for many enquired before. I am really satisfied with the customer service and responses which was on time and good. The website is really informative and easy to understand. I would like to recommend because my experience was excellent here.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • ICICI Bank Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I had a plan to take the car loan with ICICI bank. The rate of interest was 8.995 which is not high and satisfactory . Their responses and customer service is really good. I have dropped loan plan later and cancelled the application. I would like to recommend to my friends and others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Good website "
      0.5 5.0/5 "Blown Away!"
      Had a great response from bank bazaar after applying for my loan request.They do multiple follow ups to check customer has met their requirements or not.I loved the service its extraordinary compared to others,always visit the website and check for loan offers and card offers.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 3 to 4 years, Bankbazaar provides excellent services when compared to all other banking websites. The customer service was good and prompt, they were supportive all time. The mobile application is easy to access and it is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Capital First Car Loan
      "Good customer service "
      0.5 4.0/5 "Great!"
      I have applied for the car loan from CAPITAL FIRST, i am happy that my loan application was approved and the amount was disbursed. My loan amount was sanctioned based on the on road price. The customer service was good and responsive, they provided door step service for the collection of documents. The rate of interest is high when compared to all other sources.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service of Bankbazaar.com is excellent and recently when I am searching in online I came to know about Bankbazaar.com and the Bankbazaar.com website is very helpful and user friendly also the Bankbazaar.com customer service is excellent ,I can say the service of Bankbazaar is excellent.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Sundaram Finance Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      The service from SUNDARAM for my car loan was very good even the customer service is good but I have plan to take a home loan so I was unable to process further with the car loan service even the rate of interest they offered is good ,the service of SUNDARAM is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have checked with the Bankbazaar.com website which is very user friendly and I find lot of information's in the Bankbazaar.com website I use to get good regular followups even the customer service is good ,I can say the service of Bankbazaar.com is very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Sundaram Finance Car Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      I was not needed with the loan now I got the cash from my one of my relative so I was not needed with the loan now also I have some personal reason so I was unable to process the loan further but the interest rate and the customer service was fine I would say the service of SUNDARAM for my car loan service is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • HDFC Bank Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      The service was very fine and I am very much happy with the service of HDFC they collected the documents directly in my door step also the rate of interest was 11% which is low compare to the market value and the customer service is very good I will tell the service from HDFC for my credit card service was very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Since it was 3 years I know about Bankbazaar.com ,the service is very good I use to get regular followups from Bankbazaar.com regarding my loan process and customer service is good website of Bankbazaar.com is user friendly when I apply the service is very good from Bankbazaar.com.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Sundaram Finance Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The service from SUNDARAM FINANCE for my car loan service is good ,the rate of interest they offered was 8 to 14 which was little high also I have some personal reasons, so I was unable to process my loan further ,customer service was fine I will say the service from SUNDARAM FINANCE for my car loan service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      This is the first experience with Bank bazaar. The website is very user friendly and easy to understand. I have no remarks and not faced any issues withe service. The customer service and responses was satisfactory and Immediate. The website has very good options on banks and interest rate to choose the best in the market. I would like to recommend to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Dena Bank Car Loan
      "Bad"
      0.5 1.0/5 "Really Bad"
      I have applied for my car loan with DENA bank. The customer service and responses was not up to the mark because there was no response at all form the bank end so I have cancelled the application. The rate of interest was 12% which was high and my Credit score was also low . My over all experience was bad here.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
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