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
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
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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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    9.15% - 11.6% Fixed
    Up to ₹5,150 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
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    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
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    12.25% - 13.99% Fixed
    Up to ₹4000 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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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% 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
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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
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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
    8.90% 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

    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good in providing proper information in regards to the loan. I did not face any challenges with bankbazaar at any point of time. The website is so simple to access and it is very informative. It is easy to choose the bank for the loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • HDFC Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Once I submitted my application, they have responded.Once when the application was submitted It was not a good experience they had offered 10.25% as rate of interest which was bit high.compare to other banks. I had idea of applying five lakh rupees. I was over all not satisfied with the rate of interest so dropped the plan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • Sundaram Finance Car Loan
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest is very normal from Sundaram Finance Limited. I availed car loan from them. Documentation part is very simple with Sundaram Finance. They collected only ID and address proofs. They never asked my ITR file. Though I do not have any default in making the payments and all my payments are very genuine, hence I am getting very good response and proper service from almost all the banks and the financial institutions. Sundaram delivered good service for my car loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Dynamic Service"
      0.5 5.0/5 "Blown Away!"
      I am totally convinced with Bankbazaar. Such a good response I had received from bankbazaar. They provided timely response and information provided by bankbazaar is really accurate. The bankbazaar website is very easy to handle and It is very much comfortable too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      I do not know the reason for why the Axis bank is rejected my car loan. I did not receive a single call or message from Axis bank as a response for my loan application. Though I maintain prompt transactions and I have very good payment history. Axis bank should have communicated to me before rejecting my loan application. Still I did not receive any reasons from the bank. This is not way to provide the financial service to the people. The bank has to be improved in customer satisfaction.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Its good site for all fiancial product"
      0.5 4.0/5 "Great!"
      I got good response from Bank Bazaar, I have been using Bank Bazaar site for a year. Earlier also I had taken personal loan, now recently I have taken car loan through them. Its one portal to reach for all financial products, But when I tried to upload the Aadhar card, I felt some difficulties, that part has to be improved.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2017
    • TVS Credit Services Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I felt interest rate is little bit high in TVS credit, they offered 12 to 13% of interest rate for the car loan. I have purchase Maruthi Alto worth Rs. 2,05, they sanction the amount of Rs.1.70 lakhs and with some processing fee its nominal. It would be better, if TVS credit reduce the interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2017
    • SBI Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had a car loan experience with SBI. I bought the loan four year ago. They have disbursed my car loan within time. Which is very quick and fast. The rate of interest is 10.45% which is nominal with Sbi car loan department. I am happy with the loan amount they have provided. Overall it is a satisfied service with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2017
    • Bank Bazaar Customer Support
      "Satisfied"
      0.5 4.5/5 "Excellent!"
      My Experience was very good with Bankbazaar.com and they had processed the loan in a week's time. I am using Bankbazaar.com from the last two months of time and its the first time experience for me and its a pleasure to use their services....
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 16, 2017
    • HDFC Bank Car Loan
      "Wonderful "
      0.5 4.5/5 "Excellent!"
      Rate of interest was around 8.5% for the car loan with the HDFC bank and the processing charges were around 2500 Rupees. The loan amount got disbursed to my account within a week of time and the service aspects are a good one with them. They have provided around 90% of cost of the car as loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar has been satisfactory and the response has been good. They were on time and I am also happy that there was a feedback call. The website is good and overall I can say it I had no difficulties to get details of the banks and their deals.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 15, 2017
    • TVS Credit Services Car Loan
      "Need improvement in services"
      0.5 3.0/5 "Satisfactory"
      Though TVS credit services has been contacting me on and off, but I am not too happy overall with the services for the car loan. The rate of interest was of 13.5% from the online channel I applied at, and this team told me that my application is was processed through another source and they have charged me a interest rate of 14.5%. Apart from that the documentation was a very long process and they have charged me 6K for the transfer of the vehicle.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 15, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Axis bank delivered a good response for my car loan application. Recently, I had applied for the car loan with them. Customer service is good and they promptly provided the information in regards to my car loan. The rate of interest what they have offered is 9.02% for five years and the loan got disbursed with in a span of three days of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • Bank Bazaar Customer Support
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been great. They had done a perfect job for me by contacting me on time and informing me all details. The team verified my information as well. The website is good and very much helpful for every customer who is need of financial information.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • TVS Credit Services Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Interest rate was not discussed on TVS credit services, Recently I had approached them for the second hand car loan. They responded on my loan application I have dropped the plan of taking the second hand car from them. I just cancelled my loan application , I got new car from other bank where I got a lower rate of interest.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Absolutely, I had received a very good response from Bankbazaar. Once I submitted my application on their website, I got an immediate call and they followed up my loan application. Their website is quite easy to handle and in all there were no issues with bankbazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • Dena Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      The Dena bank gave a call and explained me about the product . I have informed them that I have postponed my plan, so that was the reason I didn't get the car loan from Dena bank. The rate of interest 19% with Dena bank. Finally I would say it was a good service offered by Dena bank
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • State Bank of Hyderabad Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Five years back I had taken the car loan from State Bank of Hyderabad. I almost completed 5 yrs and 2 more years to go. Interest rate for the loan was 8% at that time I believe. I directly approached SBH for the loan and everything went smooth with them. I had no issues with the bank for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 4.0/5 "Great!"
      Bankbazaar.com is very good and its user friendly. I have seen the information are very helpful like to get the eligibility criteria and other things too. I am using Bankbazaar.com from the last three months of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • Axis Bank Car Loan
      "Better "
      0.5 3.5/5 "Pretty good"
      I have not got car loan with the Axis bank because of bankers norms and conditions. Interest rate was around 9% and the customer service was very good one and the response was very good. Further, if I have satisfied the bank terms and conditions, I would like to go ahead with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
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    Hyderabad Car Loan is Rated as "Excellent!" by 2354 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 26 Jun 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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