If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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 31 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.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% financing on car value
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    12% - 15.5% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 13.25% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Good to Know
    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Hyderabad Car Loan is Rated as "Great!" by 3000 Users
    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 22 Jan 2018

    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

    • Tata Finance Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Tata finance has approved my car loan and disbursed it within 4 days of time. I have paid the initial down payment of Rs,1,60,000 and they have approved the loan amount up to 90%. This loan has the tenure of 3 years. The customer support service is good with the TATA FINANCE.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • Sundaram Finance Car Loan
      "Good sevice"
      0.5 5.0/5 "Blown Away!"
      My car loan is on going with Sundaram Finance. I have completed 13 months and the total period is 5 years. I have purchased a i10 brand. The customer service and response was good. They offered the expected the amount. I have to pay monthly 10,480 rupees through ECS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • Tata Finance Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The car loan service was good with the TATA FINANCE. The customer support was good with the TATA FINANCE Services, they have disbursed the loan within 10 to 15 days of time. The rate of interest and the charges are average with the TATA FINANCE service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • Bank Bazaar Car Loan
      "Good Platform"
      0.5 5.0/5 "Blown Away!"
      I had a good followup from bankbazaar.com. This was the first time, I came to know about the website through google search. The website was easy to navigate and the options are very simple. The customer service and response was excellent.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • Axis Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was quite high with Axis Bank compared to other banks. I got a quick response and the loan was disbursed earlier than the promised date. The documents are collected at my doorstep. I have purchased Hyundai car. They provided a good road side assistance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • Canara Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my car loan with CANARA BANK for about 8 years. The loan amount was 3.5 lakhs and the Interest rate was satisfactory . The tenure period was 7 years. The loan process was very good and they have sanctioned the loan with the committed time. The loan process was very good and I would like to recommend this bank to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Bank Bazaar Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken from BANK BAZAAR . The customer service and responses were really good. The website' s option was amazing and the speed was also good. I have not faced any run time or down time error while using it. My overall experience was very good and I would like to recommend this site to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Axis Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my car loan with AXIS Bank. The loan amount was 5 lakhs and the interest rate was 8.5% which is average in the market.The tenure period was 6 years. The loan process was good and the loan amount was good and they have provided door step service for collecting the documents. My overall experience was very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Bank Bazaar Car Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have taken my car loan via BANK BAZAAR. The customer service and responses was up to the mark. The website was user friendly and easy to navigate. The web portal's accuracy and speed is good. I have not faced any run time or down time error while using the website. My overall experience was very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Axis Bank Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have my car loan with AXIS Bank. The loan amount was 10.13 lakhs. The Interest rate was 8.8% which was average in the market. They have provided door step service for collecting document also the it was a good loan process here. They have sanctioned the loan with the committed time. My overall experience was very good when it comes to AXIS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Bank Bazaar Car Loan
      "Excellent experience"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar was very good platform and it was useful to check my credit score without any hassle. I had applied for a car loan with bank bazaar for first time. The website was simple to use and more flexible. The website speed and accuracy was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • TVS Credit Services Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was normal with TVS credit services. They charged a processing fee between 4300 - 4500 rupees. I had taken 3.5L and purchased a Polo. The executive came to my place and collected the documents. They took 2 more days from the promised day for the disbursement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Bank Bazaar Car Loan
      "Excellent website & service"
      0.5 5.0/5 "Blown Away!"
      I have contacted the Axis Bank for a car loan very easily because of bank bazaar. My burden was reduced. I had received proper follow ups and the process was on time. I went to the website through promotional emails and it was very easy to login to bank bazaar.com.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Axis Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am happy with the customer service and responses with Axis Bank. The rate of interest was nominal and they do charge processing fee but it get waived off on my car loan. I have taken 10L and purchased a Hyundai Car. There is a pre closure charges and partly amount can be paid till 2L.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Bank Bazaar Car Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bankbazaar has to do coordination more with the bank and need to more committed to the customer which they have promised. They always check with the bank and inform the customers about the status of the application. The customer service and response was good. Its a good website in all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 08, 2018
    • ICICI Bank Car Loan
      "Double check with the fees and charges"
      0.5 2.0/5 "Expected more"
      I have taken a car loan from ICICI bank . the approved loan amount was 5 lakhs 30 thousand . The rate of interest with the bank is 8.75%. The monthly EMI comes around 8700. The total tenure was for 7 years. The processing fee was 1500 rupees.At the time of my application they told there will be no processing fee.Later they charged.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 08, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience with HDFC bank was good, they provided very good services and they responded on time. The loan amount was for Rs 4 lakhs with the rate of interest of 12% which is high when compared to other banks. My loan amount was based on the on-road price. There is no penalty charged for preclose and part payment. The tenure of the loan is 5 years and overall it was a good service from HDFC bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 08, 2018
    • HDFC Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car loan with HDFC bank.The loan amount is four lakhs.The rate of interest is nominal as compared to other banks.Its been four years since i have taken this loan.The EMI amount is 8000 paid through an ECS payment.The process was too simple with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 08, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with HDFC bank.The loan amount is five lakhs.Rate of interest is very high as compared to other banks.I would recommend the bank.the tenure is for 15 years.i had submitted documents and pay my EMI by cash.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 06, 2018
    • Capital First Car Loan
      "Car loan with Capital First"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan from CAPITAL FIRST. The approved loan amount was 6 lakhs and 4 thousand. The rate of interest is nominal. The monthly EMI is 15000 for 5 years. it requires only minimal document for the car loan process. Some processing fee was there.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 05, 2018
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