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 28 Kolkata Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 11.10% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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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 100% financing on car value
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    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 100% PAPERLESS APPROVAL
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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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    Eligibility Criteria
    8.80% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
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    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    9.05% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    SPECIAL OFFER FOR WOMEN
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    9.55% Floating
    0.5% (min. ₹575)
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    12.05% - 12.25% Fixed
    0
    1L to 15L
    1-6 Years
    Response Time : Within 30 minutes
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  • Kolkata Car Loan is Rated as "Great!" by 874 Users

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    Kolkata Car Loan

    Kolkata is the capital of West Bengal and one of the largest cities in India.Kolkata is the main commercial and financial hub of East and North-East India and home to India's second largest bourse, the Calcutta Stock Exchange.

    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 Kolkata Car Loan if you are

    01
    02
    03
    04
    Kolkata Car Loan Minimum Age

    At least 21 years old

    Kolkata Car Loan Maximum Age

    Less than 67 years old

    Kolkata Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Kolkata Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Kolkata Car Loan amount eligibility is based on these factors

    01
    02
    03
    Kolkata Car Loan Minimum Salary

    Minimum income required Rs.2,40,000 per annum

    Kolkata Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Kolkata Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Kolkata Car Loan amount by these steps

    01
    02
    Kolkata Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Kolkata Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Kolkata 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

    Kolkata Car Loan Interest RatesUpdated on 16 Nov 2018

    Kolkata 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 Kolkata

    Kolkata, the third most populous city in India is a bustling center of commerce and culture. Backed by a rich heritage, the city of joy is one of the oldest and prominent hubs of eastern geography in the country. Flourishing economy has elevated the spending power of denizens residing in urban centers. One of the key indicators of thriving lifestyle is owning cars. The capital city of West Bengal is not far behind in catching up with this trend.

    With choking traffic and crowded public transport systems, the average citizen is exploring personal means of transport such as cars. Loans are a critical part of financing this purchase.

    Car Loan Offerings In Kolkata

    Almost all national and private banks provide car loans in Kolkata. Car manufacturers and dealerships also extend seasonal loan offers on specific models at low interest rates. Do inquire about such plans with relevant contacts. Let us present to you, the most prominent and appealing car loan offers in Kolkata.

    Axis Bank: Formerly known as UTI bank, Axis is the third largest private sector bank in India. Founded in 1994, this Mumbai headquartered bank provides a gamut of banking and financial services to a large customer base.

    Rate of Interest (%) Processing Fee
    11.50 & upwards Rs. 3,500.00 onwards

    HDFC Bank: The largest private bank in terms of market capitalisation is a popular bank in Kolkata. Car loans are one of the foremost retail loan offerings of HDFC. Just like its private banking counterparts, car loans are easily accessible with this bank.

    Rate of Interest (%) Processing Fee
    10.75 & upwards Rs. 1,500.00 onwards

    ICICI Bank: One of the “big four”banks in India, ICICI is a widely networked bank with a strong overseas presence. The bank partners with many car manufacturers and dealers to offer tailor made car loans.

    Rate of Interest (%) Processing Fee
    10.70 onwards Rs. 1,200.00 onwards

    IndusInd Bank: Part of the Hinduja group, IndusInd was founded in 1994 and specialises in retail banking space. Consumer loans is one of the key offerings of this Mumbai headquartered banking and financial services institution.

    Rate of Interest (%) Processing Fee
    11% onwards 0.50 to 2.00% of the loan amount

    Magma Fincorp: A NBFC (Non banking financial corporation) based in Kolkata. Traded on both NSE and BSE, Magma is primarily a finance company specialising in loan products.

    Rate of Interest (%) Processing Fee
    12.00 onwards Rs. 3,500.00 onwards

    State Bank of India: The largest bank in India in terms of assets and revenue, State bank as it is popularly known, is a banker to every Indian. This public sector Govt. of India owned bank has over 17,000 branches which includes 190 offices across the globe.

    Rate of Interest (%) Processing Fee
    10.45 0.51% of loan amount, Min. Rs.1,020.00 Max. 10,200.00.

    Documents Required for Car Loan Application in Kolkata

    Salaried Individuals

    • Pan Card
    • Address Proof (Voter’s id, Aadhar card, Driver’s license, Passport, Utility Bills)
    • Latest salary slips(last three months)
    • Form 16 and ITR (last two years)
    • Bank Statement of salary account
    • Company id proof
    • Passport sized photographs

    Self Employed

    • Pan card
    • Address Proof (Voter’s id, Aadhar card, Driver’s license, Passport, Utility Bills)
    • ITR for the last two or three years
    • Bank statement of current account
    • Business registration certificate (optional)

    The list above is a standard set of documents required by all banks. During the application, banks may ask for additional documentation. Representatives of business concerns & corporations are advised to check with the bank with regards to the required documentation.

    Compare Online Before Buying

    Almost all banks and NBFCs provide car loans at competitive terms and rates. As a vigilant consumer, you must compare loan products and choose a loan offer that meets your requirements. The checklist below should be part of your homework before choosing a car loan.

    1. Compare Online: Use resources available on car loan comparison websites to weigh pros and cons of various offers from different banks. Neutral marketplaces assist you in comparing terms and rates. Some of these portals also let you apply for a car loan online at attractive terms.
    2. Use an EMI calculator: Its very important to understand the financial impact of car loan EMIs on your monthly budget. Use an all inclusive online EMI calculator to compute EMI breakup. This helps you to plan the loan tenure and ascertain total costs incurred towards the car loan.
    3. Check Eligibility: An applicant may not qualify for a car loan from all banks, keeping in mind the variation in eligibility requirement from each bank. Applying randomly may also have a negative impact on your credit score as banks make an inquiry with credit bureaus when you apply. This may bring your score down.

    To dodge this risk, read the relevant literature available on the web portals of various bank before applying. The eligibility criteria is generally detailed under the car loan menu. You can also refer to neutral comparison sites which help you determine eligibility for various banks, under one roof.

    Check For Latest: Gold Rate in Kolkata Or Silver Rate in Kolkata

    Kolkata Car Loan Reviews

    • United Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My car loan has taken with UNITED BANK OF INDIA , they charge 10.25% of interest but initially they said they will charge 10.5% but it is nominal in the market . The process was too smooth and fast i receive the loan within 24hour and it is best service i got . The tenure period is 7years .
      Was this review helpful? 8
      , kolkata
      Reviewed on Oct 17, 2018
    • SBI Car Loan
      "BEST BANKING FOR CAR LOAN"
      0.5 4.5/5 "Excellent!"
      I am using the car loan from STATE BANK OF INDIA last 4 and above years. The process is quick to get the loan also the loan amount is sufficient and the rate of interest is reasonable with this bank. The duration for repaying this car loan is for 5 years.
      Was this review helpful? 6
      , kolkata
      Reviewed on Oct 15, 2018
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this Car Loan had been good where they had given me a good service. The loan amount which they had given has been sufficient and the interest rate has been nominal when compared with the market rate. There has been some nominal charges made by them and their customer support also had been good as well.
      Was this review helpful? 7
      , kolkata
      Reviewed on Oct 05, 2018
    • SBI Car Loan
      "Good Banking Service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan for the state bank of India. They have provided nominal rate of interest even they have given based on the market price where there is nominal processing fee . Making the payment through easy monthly installment .They took some time for the approval
      Was this review helpful? 4
      , kolkata
      Reviewed on Oct 04, 2018
    • Bank Bazaar Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with bankbazaar so far, both mobile application and website of bankbazaar is easy to use and is user friendly. Customer service w as good with bankbazaar and they responded on time. I am using this service from last 2-3 years.
      Was this review helpful? 3
      , kolkata
      Reviewed on Sep 08, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan was approved with HDFC bank and the experience was very good, the process was quick and i received my loan amount in 3-4 days. The loan amount was based on my requirement and the rate of interest was bit high. Customer service was good and they responded on time.
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 08, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a best experience with SBI for car loan, the loan amount was for Rs 2 lacs with nominal interest rate when compared to others. It was a new car which was taken back in 2008. Customer service was good and they followed up on time.
      Was this review helpful? 5
      , kolkata
      Reviewed on Sep 06, 2018
    • HDFC Bank Car Loan
      "Easy process to get the loan"
      0.5 4.0/5 "Great!"
      I have taken my car loan with HDFC Bank and the process was easy to get the loan. The documentation was easy and they have provided the loan on time. The rate of interest and processing charges is normal. The after loan services are also good and satisfactory.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 16, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan from the ICICI bank for 6 lacs, the interest rate was normal when comparing with the other banks in the market. I am paying an EMI of 12000 per month. It was a easy and hassle free car loan experience with the ICICI bank.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 21, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was very good with HDFC bank, the loan amount was for Rs 5 lakhs with nominal interest rate when compared to other banks. My loan was approved on the on-road price and it was a new car. Customer service was good and the tenure for this loan is 4 years.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jul 13, 2018
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience i had with them for getting this car loan. The process was very simple and easy where it took very less time in getting the loan. The loan amount which they had provided me had been satisfactory and the interest rate also had been nominal and there has not been any extra charges which had been taken for the process or anything so far.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 12, 2018
    • IOB Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and they had made the process simple and easy. The loan amount which they had provided had been good and the interest rate with them also had been normal compared with the market rate. There has not been any hassles faced with any of the banking services offered by them.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan had been very good and they had made the process smooth and easy. The interest rate which they had offered had been good and it was less compared with the market rate.The loan amount had been good and the staff responses had been very good and there has not been any hassle during the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Bank Bazaar Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I am using bankbazaar services from last 3-4 months, my experience with bankbazaar was good so far. I am happy with the customer service of bankbazaar as their response was good and they followed up on time. I use mobile app to check for rate comparison and credit score.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 27, 2018
    • HDFC Bank Car Loan
      "very good service"
      0.5 5.0/5 "Blown Away!"
      It was a nice experience with HDFC bank car loan, the process was quick and i received my loan amount within 4-5 days. Customer service was good and they collected documents on time. The loan amount was for Rs 6.6 lakhs with 9% interest rate. My loan was approved on Ex-showroom price and the tenure for this loan is 5 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 27, 2018
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan almost two months back and the loan tenure is for 4 years. It had been a good service which they had provided and the process has been simple and smooth. The loan amount which they had given was satisfactory and interest rate also had been nominal.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 22, 2018
    • HDFC Bank Car Loan
      "Really Nice Experience in HDFC"
      0.5 5.0/5 "Blown Away!"
      HDFC is a reputed bank hence i had very good experience. They slightly higher in fore-closure charges. They have a 1 year lockin period. I applied the car loan through their net banking portal. Hassle free car loan. They have approved me a loan of Rs. 4.60 Lakhs. I got it on time. Interest rates is not much. They are charging the interest rate of 9 to 10.5%. They are Overall great.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 10, 2018
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The overall experience with them so far had been very good and they had provided with a good interest rate as well. It took nearly 4-5 days in getting the loan amount and it has been quite satisfactory with the loan amount as well. There has been no issues so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 30, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      It has been a very good experience in taking this loan from them, where the loan has been sanctioned within ten days. The document submission and the whole process had been very quick and easy. I was happy with the loan amount and their customer services which they have been giving.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • SBI Car Loan
      "Good Service Very low charges"
      0.5 4.0/5 "Great!"
      I took to loans form SBI. The car loan was for 6 Lacs, the application and the processing took bit longer. The interest rate is very low with the SBI. Processing is time consuming which is the only drawback with them. It took almost a month to receive the cheque.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
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