• Hyderabad Car Loan

    Looking for Hyderabad car loans but don’t know which to choose? BankBazaar gives you up-to-date and reliable information on the latest interest rates, processing fees, tenure ranges, and more on 25+ banks in Hyderabad. Get all the information you need at your fingertips right here. Find out what your eligibility is based on and how to increase it.

    Car Loan In Hyderabad - Overview

    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.

    Interest Rates Offered by Top Lenders on Car Loans in Hyderabad

    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

    How to fetch the Lowest Interest Rates on Car Loans in Respected city

    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.

    Eligibility for Availing a Car Loan in Hyderabad

    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

    Get a car Loan Instantly!

    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!

    Documents Required

    1. Identity Proof (Aadhaar card, passport, voter’s ID card, PAN card, driving license)
    2. Address Proof (Aadhaar card, driving license, voter’s ID card, passport, telephone bill)
    3. Bank Statements

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