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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    Hyderabad Car Loan

    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 Paperless approval option available
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    9.10% - 13.25% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    9.10% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
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    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
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    9.15% - 11.6% Fixed
    Up to ₹5,150 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    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
    100% financing on car value
    What you'll love
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    Eligibility Criteria
    9% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
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    Eligibility Criteria
    11.25% - 13.99% Fixed
    Up to ₹2,300 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Paperless approval option available
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
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    Fees & Charges
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    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time Within 30 minutes
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
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  • Hyderabad Car Loan Reviews

    • ICICI Bank Car Loan
      "Not good"
      0.5 2.0/5 "Expected more"
      I got the car loan with the ICICI bank and the interest rate was on higher end. It was processed by the dealer itself , so the process end up in a very fast way. Customer service was fine one with the ICICI bank for my car loan. I was not abel to trace the account or statement till now.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Very good response"
      0.5 5.0/5 "Blown Away!"
      The services provided by Bankbazaar has been nice and helpful because they were calling me always when ever I reached out to them for a requirement. They would also follow up much checking about my status with the bank. The website is very easy to understand and easy to follow.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Bank bazaar is a very useful, it is helping factor in getting a loan or other financial products. Overall good experience with bank bazaar, I got an immediate reply and satisfactory services this is not my first experience I had already availed loan from bank bazaar over all their service is very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 21, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      Loan amount I had applied in Axis banks for about less than 10 laks and I received proper response from them, but I have not availed the loan from them. I wanted car to use it for travel purposes and I have not got the approval for that So planning to take the car loan during the next month.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 21, 2017
    • Axis Bank Car Loan
      "AXIS should provide loan at on road value"
      0.5 4.0/5 "Great!"
      I personally feel AXIS bank interest rate was high when compared with other banks, AXIS offered me 9.25% of interest on car loans but other banks are giving lower interest rate, AXIS giving loan only ex showroom value not at on road price. Thereby, I didn't take car loan from AXIS bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Renault Finance Car Loan
      "Customer services needs to be improved"
      0.5 5.0/5 "Blown Away!"
      I had purchase Renault vehicle hence I had taken car loan from same Renault finance, they had offered some reasonable interest rate of 9.25% on car loan and they helped to get 100% loan on the ex showroom price. I had taken the amount of 4.04 lakhs, this is for a tenure of three years. Everything is good but I feel that their service has to be improved a lot.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Its a good financial site"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is a good financial website it has the information about all banking products, I had taken two credit card through this channel Bank Bazaar and I gave request for car loan they immediately responded within 30 minutes of time and they helped to fill my application and they turn in forwarded my application to Sundaram finance and to summarize it was a great experience with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Sundaram Finance Car Loan
      "Dissatisfied service"
      0.5 1.0/5 "Really Bad"
      Sundaram finance executive came and collected the documents from my place, after that there was no response. After two days of documents submission I called their executive he was ready to update the status but no revert from them. Interest rate is also very high they are charging 10% and with processing fee of 1 to 2% on the car loan product.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Very Supportive"
      0.5 4.5/5 "Excellent!"
      One of the executive from bankbazaar was in touch with me till I got the loan. I got good response from them for my loan process. They used to call often on the status of my application. Even after forwarded my application to the bank, they used to call me and check the status level. Bankbazaar service is really good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • TVS Credit Services Car Loan
      "Average Service"
      0.5 3.5/5 "Pretty good"
      I could not say that I had received bad or good response from TVS credit services for my car loan but the response from them is average. Interest rate quoted by them is something no body can be happy with that interest rate because it is higher than other banks but it is just ok for me. Customer service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • HDFC Bank Car Loan
      "Not Responsive"
      0.5 1.0/5 "Really Bad"
      When I approached HDFC bank for car loan process, I got very delayed response from them. The representative did not collect the documents on time and post submitted the documents, there was no response from the bank end for sixteen days. Hence I cancelled my application with HDFC and switched over to TVS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I received good response from bankbazaar. Actually I approached bankbazaar for the car loan. They provided good assistance and helpful to select the bank. I received regular followup calls and proper updates from them. They forwarded my application to the bank as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • TVS Credit Services Car Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      TVS credit provided a fast service for my car loan. They disbursed the loan fast but the interest rate is quite higher when compared with other banks. They had done the process in a good manner, I had no hassles with them whilst processing the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • Bank Bazaar Customer Support
      "Better service"
      0.5 4.0/5 "Great!"
      Bankbazaar.com helped me to get the car loan with perfect bank partner, with the decent interest rat. Bank bazaar web portal is easy to use and customer friendly. Bankbazaar helped me to get in touch with the bank partner. Overall it is a better service with bankbazaar.com
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • Dena Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The whole process took a week time to disburse my car loan . The rate of interest is nominal with Dena bank. When I have applied for the car loan , the response was good with Dena bank. Overall they gave very good service in concern to my car loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • Kotak Car Loan
      "Go with Kotak Mahindra Bank"
      0.5 4.0/5 "Great!"
      I had got the car loan from Kotak mahindra bank and am with them from the last six months of time. Interest rate is around 9.25% and the loan amount got credited to my account within ten working days of time. Response is fine one with the Kotak mahindra bank and the processing charges are also well with them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 16, 2017
    • Bank Bazaar Customer Support
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      The response I got from Bankbazaar has been excellent. I give them more credit than the bank. The team was amazing in the follow up calls. They contacted me on a regular basis and helped me when the bank was not responding to me. The website is also good too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 15, 2017
    • ICICI Bank Car Loan
      "Average response"
      0.5 3.0/5 "Satisfactory"
      I had a good deal on the interest rate and processing charges for the car loan at ICICI bank. The rate of interest was of 8.45% and and the processing charges was minimal. But the major drawback is the executives assigned was not responsive at all and on the day of disbursement they did not answer the calls.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 15, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      The services was excellent with Bankbazaar as they have done a great job as well. They were on time from the moment I registered till the end of the process. The continuous follow up calls was also good and it was a nice process at the website. Simple and user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 15, 2017
    • ICICI Bank Car Loan
      "Super fast process"
      0.5 5.0/5 "Blown Away!"
      It was a nice dealing with ICICI Bank for the car loan. I got the loan within two to three days. It was a fast process and I am also happy with the after loan services, it is smooth. The rate of interest was of 9.45% and the processing charges was minimal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 15, 2017
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    Hyderabad Car Loan is Rated as "Excellent!" by 2265 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 29 May 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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