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
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    Perks
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    Eligibility Criteria
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
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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
    Rs.2,500 Amazon voucher free
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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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    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
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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
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    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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    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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    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
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    Eligibility Criteria
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
    What you'll love
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    Perks
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  • Hyderabad Car Loan Reviews

    • Bank Bazaar Customer Support
      "Very good service"
      0.5 4.0/5 "Great!"
      The response which was given by bank bazaar is really good., Bank bazaar has helped me to choose the best bank partner in the market . The follow up was made time to time by bank bazaar executives,. The customer service is really good with bank bazaar, The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 11, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      HDFC bank charged me Rs,18000 for some device installation, they have also charged the processing fee and the insurance amount in concern to my car loan application. I would like to suggest HDFC bank to avoid the hidden charges in car loan concern,. They have disbursed my loan within the promised time. I am happy with the service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      I find Bank Bazaar website very informative, I could see every bank details and bank offers which is available in the market. When I placed a car loan request on this site Bank Bazaar, their guys have called and helped on loan process. The application is very user friendly to apply for the loan products.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2017
    • Dena Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Dena bank is good in responding. I had received timely contact followup from them and they delivered good support for the car loan. I did not find any kind of issues with Dena bank for the loan process but I managed to get the car by full cash for that's why I have not availe the loan from them but then I had an idea of taking the car loan for 4 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2017
    • HDFC Bank Car Loan
      "It was my first loan"
      0.5 5.0/5 "Blown Away!"
      Even with HDFC Bank customer service and the process was very simple . I am not happy with that rate of interest which they charge for the car loan. On the other hand, I had applied for the loan, I was not in station the agent of HDFC had made all the necessary arrangement to ensure that all documents were collected in Changdigarh. I dont recall anything about the processing fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2017
    • Bank Bazaar Customer Support
      "Bank bazaar is excellent"
      0.5 4.5/5 "Excellent!"
      Bankbazaar service is far beyond words. I would suggest bankbazaar to always keep in touch and they should direct and guide the customers all the time. I am very happy with this site so I will definitely recommend many friends and relatives. If they regularly keep in touch with their customers they can retain their existing customers. Website is looking very good site no doubt, but most of the people are not ready to provide their personal information online they should provide some other option for the customer to upload their personal details.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Very interesting"
      0.5 4.0/5 "Great!"
      Very interesting ,very comfortable with the loan process, It was completed well within the time farme. I had received the loan amount. The fact is they are very much cooperative and they always focus on the customers need and they always try to provide the best customer service . I am a customer of this bank for about 4 months only did not experience anything negative It would be better if they send SMS before 2 days before due date.They had collected rs 4000 as documentation for the processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Bank Bazaar Customer Support
      "Right choice "
      0.5 4.0/5 "Great!"
      Undoubtedly , Bankbazaar has provided the right choice which is AXIS. In fact, it was my choice too luckily my loan was processed through them. It all started like this, I got a call from bankbazaar they forwarded my request to AXIS Bank and my loan was processed. Above all, I received calls from bankbazaar in between to check whether everything was heading towards the right direction or not.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "It is really good"
      0.5 4.0/5 "Great!"
      Well, within the time scales the loan was approved by AXIS bank, just that the car delivery took some time which was more than 40 days. Axis Bank has actually offered me a pre approved car loan. .Rate of interest is very much reasonable it was not that much and it was in line with the market rate. However, after 3 months there was a fall in the rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 4.5/5 "Excellent!"
      When I approached bankbazaar website for my car loan, I came to know the loan process in detail. Their mobile app is very helpful to choose the bank and also it is very easy to compare the rate of interest and other charges. I received a good response from them
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 06, 2017
    • Bank Bazaar Customer Support
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been good and the overall experience was nice. I liked the response as they were on time to contact me and give me details and also follow up on the same. The website is up to the mark and there are no issues while navigating through the process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 05, 2017
    • Dena Bank Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Dena Bank has done a good job on the car loan. I received a proper response They were on time and I had no hassles. I got the loan in a day. The rate of interest was of 9.01% and the processing charges was of 4500. Overall a nice experience and very fast process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 05, 2017
    • Bank Bazaar Customer Support
      "Supportive and on time services"
      0.5 5.0/5 "Blown Away!"
      The services provided by Bankbazaar has been supportive, they had been coordinating with the bank right through the process and I faced no hassles in the website as well. The team was following up as well and I got a proper response when ever I contacted them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 04, 2017
    • ICICI Bank Car Loan
      "Good deal and process"
      0.5 4.0/5 "Great!"
      I got a 100% loan with ICICI Bank. It was a car loan it was good experience overall. It was nice to a get the full value of the vehicle. The customer services was good and it was on time. The rate of interest and processing charges was normal. I am happy with the whole experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 04, 2017
    • Bank Bazaar Customer Support
      "Easy process to apply for loans"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very nice , also its easy to get the financial help from them. I am using Bankbazaar.com from the last two months of time. Online portal of the Bankbazaar.com is easy to access and the pop up could be get reduced.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 04, 2017
    • Capital First Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      Rate of interest was a kind of okay for me with the Capital first limited for the car loan, which I had taken before two months of time. Response was really good one with them. Customer service is a good one and the disbursement happens after ten days of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 04, 2017
    • Bank Bazaar Customer Support
      "Very easy"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good and its prompt too, also am using it for the first time. Experience is very good one with the Bankbazaar.com. Online portal of the Bankbazaar.com is also easy to use and its easy to access.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 04, 2017
    • Dena Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The loan amount got disbursed on an immediate basis with the Dena bank for my application of car loan. Customer service was very prompt. I really felt that the response and other things are pretty good and overall, its a good experience with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 04, 2017
    • HDFC Bank Car Loan
      "Looking for better response and competitive interest rate"
      0.5 3.0/5 "Satisfactory"
      I approached HDFC car loan through dealer to buy Maruthi suzuki baleno car, they have sanctioned only 85% loan amount at on road price, but interest rate was not so competitive its fixed rate, entire tenure I should the same thing. It would be great if the interest rate is as per the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 03, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Bank-bazaar is really fast in their response . I got a call immediately when I applied for the loan. They have helped me to get in touch with the bank partner instantly, The customer service and the response is really helpful in concern to my car loan. On behalf of me bankbazaar submitted the application to the bank after getting my consent . The website of bank-bazaar is easy to use and user friendly. Bottomline ,I am happy with their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 03, 2017
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    Hyderabad Car Loan is Rated as "Excellent!" by 2460 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 16 Aug 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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