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 available
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    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
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    8.90% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval 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
    8.5% - 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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    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
    Paperless approval available
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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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    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
    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Eligibility Criteria
    8.80% 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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  • Hyderabad Car Loan Reviews

    • Bank Bazaar Car Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar service was very good ,even the representatives of Bankbazaar was very helpful during the process. I have applied through Bankbazaar website which was very user friendly and helpful ,overall I can say it was an very good service from Bankbazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Sundaram Finance Car Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was an good service from SUNDARAM ,even the rate of interest was little high . Customer service executives provided me with valid information's ,even use to get regular update and followups from their representatives which was very helped me a lot during my loan process .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good service from Bankbazaar ,even I checked with Bankbazaar website which is user friendly during the time I registered for my loan. Every representatives of Bankbazaar was very helpful for me during my loan process with regular followups ,so overall it was an excellent service from Bankbazaar .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "EXCELLENT SERVICE"
      0.5 4.5/5 "Excellent!"
      Service was very good from ICICI ,customer service and other representatives where also very helpful and responsible,even the documentation part and the interest rate was also comfortable ,overall it was an excellent service from ICICI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The customer service executive also gave regular follow ups this was my very first experience applying loan from bank bazaar The website is really user friendly.They gave good response and was in touch with me And even informed me every single status. , over all it was good
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • HDFC Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Got the car loan with HDFC BANK for a interest rate of 8.75%, which was very low comparatively. HDFC took around 4 days to disburse my car loan. The documentation process was very good and smooth. Overall the service is really good with hdfc bank
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "Very good platform"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is the best way to find the best loan option and it is very much helpful too. We have done a comparison, I was able to find a list of banks, but I was offered only HDFC bank .It would be great if many banks were provided as a suggestion. Talking about the site, it is very good and it has got the best information showcased on the site.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • HDFC Bank Car Loan
      "Good process"
      0.5 5.0/5 "Blown Away!"
      The process followed by HDFC Bank for the car loan is very good. I inquired with some of the customers when it comes to car loan, I got to know that they are providing very low rate of interest. Not sure about the processing fee charged by them. Customer service was also good no idea about the interest rate and processing fee charged by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • SBI Car Loan
      "Good feedback"
      0.5 5.0/5 "Blown Away!"
      My feedback for SBI is very good as I had taken a car loan from them. The processing is very fast and it is very easy to approach them. SBI took around 2 days of time to process the loan. Interest rate offered by SBI was 10% approximately and the processing fee charged was 8k.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • HDFC Bank Car Loan
      "Very good approach"
      0.5 5.0/5 "Blown Away!"
      HDFC bank approach was very good even the other factors were very good. I did not discuss about the rate of interest and processing fee with them. No clue about the foreclosure and partpayment the car model which I had selected was INNOVA...
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      It was a proper response from bank bazaar and The follow up calls was also on time and in all it was a nice experience. Bankbazaar has been great and the process was good. I got a proper response and it was timely. It was a nice website as the details on it is informative and it works technically fast.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Capital First Car Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      There was a proper and timely response from Capital first after I had applied for a car loan. But since the car which Iam looking for was not available so, I could not proceed ahead. I was informed about the status as well and since I did not take their loan services, I had an idea of taking the loan of 2 lakh rupees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "Bankbazaar service is good"
      0.5 4.0/5 "Great!"
      Online I had updated my details followed by which I had received calls from bankbazaar executive. Initially bankbazaar executive contacted me and followed up with me. Bankbazaar recommended Axis bank . Coming to the site it is very much friendly and easy to use.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Car Loan
      "Axis bank car loan"
      0.5 4.0/5 "Great!"
      The fact is, AXIS Bank car loan process is very good also the response is very good. I had got some calls and they were kind enough in assisting me. Actually called and confirmed about my requirement just that I dont have any plans presently I had canceled the program me too. Otherwise the rest everything was fine with AXIS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I would say that Bank bazaar has also done a great job.They were also quick to process the same to the banks. They were very much on time to respond and inform me the details. The follow up calls was helpful and in all there were no hassles and this was my first experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Capital First Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The experience at Capital first was good. I had applied for a car loan and the team was responsive. But I could not proceed ahead because I have postponed and have taken personal loan from other resources. No information on the rate of interest and charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "Supportive website"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has been great and they have done a good job for me. The team was on time to contact me and give me the necessary details. There were a lot of follow up calls done and it was a helpful process. The website is also good and very easy to understand.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • HDFC Bank Car Loan
      "Satisfied with the overall experience"
      0.5 5.0/5 "Blown Away!"
      I have purchased a car loan for a I20 model with HDFC Bank. The customer services were excellent and I got 100% of the loan value. The response was also good and the executive collected my documents on time. The after loan process is smooth and hassles free.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Bank Bazaar Car Loan
      "Very good features"
      0.5 5.0/5 "Blown Away!"
      It was a nice experience with Bankbazaar. It was a pretty good recommendation by them. They gave me details of Dena bank as not too many people know about the bank. The response was prompt and there were no hassles in the process. They done a good job.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • Dena Bank Car Loan
      "Quick process"
      0.5 4.0/5 "Great!"
      Overall it was a good experience with Dena Bank and the best is that I got the car loan a day or two earlier than the promised date. The processing charges is very low, but the rate of interest was not the best. It was around 9.3%. It could have been around 9% or 9.1%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
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    Hyderabad Car Loan is Rated as "Great!" by 2577 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 20 Sep 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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