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
    8.40% - 10.35% 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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    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Paperless approval available
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    Good to Know
    Eligibility Criteria
    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Good to Know
    Eligibility Criteria
    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    SPECIAL OFFER FOR WOMEN
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    Eligibility Criteria
    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    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
    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
    What you'll love
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    Perks
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    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 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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    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time : Within 30 minutes
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    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
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    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
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  • Hyderabad Car Loan is Rated as "Great!" by 2964 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 11 Dec 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.

    Hyderabad Car Loan Reviews

    • Magma Car Loan
      "Quick approval, Excellent service & interst rate to b better"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with Magma Fincorp. I have approached my dealer since I don't have IT they offered loan so I have gone with Magma service. The rate of interest was very high compared to other banks. I am paying around 11,780 per month through ECS. The process was very faster and simple.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 09, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a car loan from HDFC bank for an amount of 2.55 lakhs rate of interest is 8.75% nominal as compared tp other banks in the market.They had shared the complete loan details.the total tenure is for five years us have completed 2 years .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 06, 2017
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan with Kotak Mahindra bank, my car loan application was approved and the requested amount was disbursed. The loan amount was for Rs 7 lakhs with the nominal rate of interest. The customer service was good and they responded on time. The loan amount was approved based on the on-road price. Customer service was good, they provided door step service to collect the documents. It was overall a good loan experience.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 02, 2017
    • review Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      My car loan experience with TATA CAPITAL was good, the loan amount was for Rs 8 lakhs with the rate of interest which is nominal when compared to other sources. The process was very smooth and easy, the loan amount was approved within 1 week. Customer service was good, they provided door step for document pick up. My loan amount was given based on the Ex-showroom price.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 02, 2017
    • Bank Bazaar Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i had with Bank Bazaar .i received Call in a day as after i registered for the loan process . The Website of bank bazaar was user friendly and helpful for me . It would be great if the information showcased on the site matches with the bank details. In all it was a good experience over all .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 02, 2017
    • Axis Bank Car Loan
      "Good One"
      0.5 4.0/5 "Great!"
      I canceled the application from my side it was over all a good experience with AXIS Bank . The Customer service was good from axis bank as i applied for a car loan . I was getting a better option from hdfc bank side . I wanted a fast approval and the process was a kind of slow . As form my side The time limit was less so i did not opt for it .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 02, 2017
    • Bank Bazaar Car Loan
      "Good One"
      0.5 4.5/5 "Excellent!"
      Customer service provided by bankbazaar.com is really good and it is up to the mark. I received a Call from the bankbazaar executive within 2 days . The Website of bank bazaar is good , user friendly and really very helpful . Best of all, I checked my Credit score on the bankbazaar website with few easy steps and without even paying for it .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 01, 2017
    • ICICI Bank Car Loan
      "Good One"
      0.5 4.0/5 "Great!"
      It was a good experience with ICICI Bank for the car loan process actually i arranged the amount from my sources so i did not opt for the loan . The Customer service is really good from the icici bank side .The required Information was given by the bank side .The rate of interest was high 9% and also was the processing fee .Rest everything was very good from the bank end .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 01, 2017
    • HDFC Bank Car Loan
      "Better"
      0.5 4.0/5 "Great!"
      I am a privilege customer of HDFC. I had taken my car loan in the year of 2015. They provided a proper service and given around 75% on road price. I pay premium of 8677 rupees per month through ECS. The documentation process was simple. Executive came to my place and collected the documents. The rate of interest was good. The net banking is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 30, 2017
    • Bank Bazaar Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i received from the Bank Bazaar side ,the call from bank bazaar executive came within a day time . the website of bank bazaar was user friendly and helpful for me . It was a real great experience with Bank Bazaar i had.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 29, 2017
    • Capital First Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i received form the CAPITAL FIRST side . all the required information was delivered to me on proper time . i changed my plan for buying a car so I canceled the application from my end . the bank people Call in a day 4 times that was a good part . it was a good experience over all .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 29, 2017
    • SBI Car Loan
      "Unhappy with the bank"
      0.5 1.0/5 "Really Bad"
      Though I am doing one lakh of transactions at State Bank of India. I was disappointed when I visited the bank for a car loan. The branch manager has not responded well and it was not a good experience. So I went ahead with another bank for this loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 27, 2017
    • IDBI Car Loan
      "High on the ROI and charges"
      0.5 5.0/5 "Blown Away!"
      IDBI is excellent for the car loan process. They were very quick to contact me and inform me the details and disburse the loan on time. But the bank is very high on the rate of interest. It is around 14.25% and the processing charges are also high.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 27, 2017
    • SBI Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with SBI was good, the loan amount was for Rs 7.4 lakhs with the rate of interest of 8.5% which is less when compared to other banks. The process was very smooth and the loan amount was approved within the stipulated time. Documents were submitted paper less. Customer service was good and they followed up on time. There are no charges on preclosure and part payment. My loan amount was approved based on the on-road price.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 27, 2017
    • Magma Car Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I had purchased a new car with the help of Magma Finance. The rate of interest is normal like other bankers. They have given 100% loan on road. I pay a premium of 13K through cash. The documentation process is simple. The loan disbursement was on time. There is no pre closure charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 27, 2017
    • HDFC Bank Car Loan
      "No response"
      0.5 1.0/5 "Really Bad"
      I have requested for a car loan application with HDFC bank. But i did not receive any response from the bank end. Thus my application got closed. I waited for there call and no one from the bank end turned up till now. That was really disappointing.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 25, 2017
    • Bank Bazaar Car Loan
      "Financial Service provider"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good and friendly. I really feel like its a good financial service provider were we can save time by applying through them.Even i ave approached bankbazaar for a car loan. I got a instant call back from them. Helped me in finding the best option.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 25, 2017
    • Bank Bazaar Car Loan
      "Good finance sector"
      0.5 4.0/5 "Great!"
      Bankbazaar website is perfectly fine. They have a best option to compare all the offers and the interest rate with the banks. The executives are very customer friendly. The interface of bankbazaar is quiet good. I got immediate response..
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 25, 2017
    • Capital First Car Loan
      "Car loan with Capital First"
      0.5 4.0/5 "Great!"
      Since i have arranged the amount from some other source so i have closed the loan with CAPITAL FIRST. In future i can consider and check for a car loan with them. The customer service and response with them is good and comfortable. I am happy with Capital first.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 25, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the car loan with the Axis bank and the rate of interest is around 9.65%, also the customer service is good one for me. I would like to say that they need to improve on it because they have not provided the insurance copy for this.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 24, 2017
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