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
    8.5% - 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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    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    13.1% - 15% Floating
    Up to 2%
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
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    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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    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
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    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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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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    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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    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
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    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
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  • Hyderabad Car Loan is Rated as "Great!" by 2931 Users

    Fees & Charges

    Promised Interest Rate

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    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 18 Nov 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

    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar gives ultimate service to their customers. The transparency is seen in the process. The insurances are also easy to get through bank bazaar.com. The customer support is prompt with bank bazaar. I use bank bazaar mobile application , which is easy to use and customer friendly. The user inter face is absolutely easy and user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • Sundaram Finance Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have dropped the car plan at present so that was the reason I haven't got the car loan with Sundaram finance. The customer support was good with the sundaram finance. Already I had got a car loan experience with sundaram finance, they gave me better service, but the rate of interest is high with Sundaram finance when compared with other financial organizations or banks, it would be great if they reduce their interest rates.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have started using bank bazaar very recently as i am the first time user of bank bazaar got a good service from them.They had contacted me at the right time for my financial product.Whenever i have a requirement that's when i get into the website.Executives give us the comparison of different products and understandable.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • Sundaram Finance Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have requested for a car loan form Sundaram finance.The loan amount is three lakhs.Rate of interest is 11% very high compared to other banks.The reason for closing the application is i have arranged funds from a different source. Otherwise the bank service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i received from the ICICI Bank for the car loan when I applied for . i actually changed my plans for buying a car for the that reason i told them to hold the application but the bank people said they can't hold the application and later they cancelled the application . Information was not given properly to me . Customer service was good . i am happy with the service i received from the bank side .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 15, 2017
    • Bank Bazaar Car Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      My experience was very good with Bank bazaar. The customer service and responses was excellent but It would be better if their website shows the exact interest rate of the banks other than that the website is user friendly . The website has many good options on banks and interest rate. My over all experience is excellent and I would like recommend this site to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 14, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My experience was very good with Bank bazaar. The customer service and responses were excellent but It would be better if their website shows the exact interest rate of the banks other than that the website is user friendly . The website has many good options on banks and interest rate. My overall experience was excellent and I would like to recommend the same to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 14, 2017
    • Axis Bank Car Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached AXIS bank fir my car loan. They required certain documents for NRI which I could not provide so I have cancelled the application. The rate of interest was 155 which was very high for 5 lakhs SO My overall experience was satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 14, 2017
    • Bank Bazaar Car Loan
      "Got Credit Card from them"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has always been a great website to find the right product for your Financial needs. They provide you with quite a lot of options and also involve you in all their conversations. I applied for a Car Loan with them and found Banks who were interested to give me the loan. In past also I got a Credit Card using their website.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a quick process with KOTAK for my car loan service within three days they completed the process the interest rate they quoted me was 8 % which is fine compare to others and the documentation part was also easy. They collected all my documents from my door steps,it was a good experience with KOTAK on my car loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I applied through Bankbazaar.com website which was very easy to use and the customer service was good with Bankbazaar.com ,I am happy that the response was very quick with Bankbazaar.com during my loan process it was totally a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • HDFC Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a very long process with HDFC for my car loan service the process was very slow the rate of interest they offered was eight percentage which is fine compared to others in the market ,it was totally a good experience with HDFC for my car loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • Bank Bazaar Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      It was overall a good experience with Bankbazaar and I would give them five stars because every time emailed them I received a response back on time and they were helpful on each time I contacted them. The website is also good and informative and supportive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • HDFC Bank Car Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      HDFC Bank were very friendly people and everything got easily processed for the car loan. With regards to the document collection the executive came to my home and collected each and every document and the disbursement was on time and as expected. The rate of interest and charges was reasonable. I have taken a Maruti Suzuki Baleno and I chose this vehicle because it is having a good mileage.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • YES Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good service from YES bank for my car loan service the interest rate they offered me was 6.7 which is fine compare to others the customer service is good and the documents have been collected from my door step ,so the process was very easy with YES bank for my car loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I applied through Bankbazaar.com website which was very easy for navigation it was been six months I came to know about Bankbazaar.com service customer service was good with Bankbazaar.com, it was a excellent experience with Bankbazaar.com.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • ICICI Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The customer service was very good with ICICI for my car loan service the interest rate they quoted me was fine but I got a better offer with a interest rate it was the main reason I cancelled the loan process with ICICI,but totally it was a good experience with ICICI for my car loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Bank Bazaar Car Loan
      "Good website"
      0.5 3.0/5 "Satisfactory"
      My experience with Bank bazaar was good. The customer service and responses was up to the mark. The website is very easy to navigate and understand. I have faced any errors while using it and the web portal's accuracy is good. I would like to recommend to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • TVS Credit Services Car Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken my car loan with TVS credit score service. I am not satisfied with the loan process. There is no transparency in the rate of interest which was 14% so I have cancelled the application. I have taken 2 lakhs and I have taken for 2 years . The customer service and responses was not satisfactory . My overall experience was not satisfied.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      MY experience was very good with Bank bazaar as their customer service and responses was excellent. The website was very easy to navigate and understand. I have tried using tools like loan repayment calculator and credits score option so I would like to recommend to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 10, 2017
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