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Kolkata Car Loan Reviews

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Car Loan

"Excellent services"

0.5 5.0/5 "Blown Away!"

Another product I bank with is the car loan with HDFC Bank. The process was immediate and the loan disbursed was also good. I been banking with them for long and there are no issues with the bank. They have always done the best of services and they are very responsive.

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PRABIR BOSE , kolkata
Reviewed on Sep 23, 2017
Car Loan

"Good bank"

0.5 5.0/5 "Blown Away!"

HDFC bank it s a good bank the bank was able to sponsor 100% of the ex show room price. Interest rate offered by HDFC Bank was okay and processing fee was not that great.Foreclosure fee is there it is not that much. HYUNDAI ELITE I20 ASTA PETROL is the car model which I had shorlisted.

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SANDEEP BISWAS , kolkata
Reviewed on Sep 21, 2017
Car Loan

"Can be better"

0.5 2.0/5 "Expected more"

Website of bankbazaar is very good, the response provided by bankbazaar is okay it would be great if bankbazaar co ordinates more with the bank. Also bankbazaar should ensure that bank works on the service request and should action the service request on time to Make the process more fruitful otherwise I am happy with their service.

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SANDEEP BISWAS , kolkata
Reviewed on Sep 21, 2017
Car Loan

"Very good car loan"

0.5 4.0/5 "Great!"

My car loan application is rejected because I applied for the loan when I was in Bangalore but, I wanted to take the loan in Kolkatta, as my parents are there in Kolkatta I wanted to take loan there but it was not successful. On the other hand, I am very much happy with the response and service provided by DENA Bank for the car loan.

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SANDEEP BISWAS , kolkata
Reviewed on Sep 21, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

BANK BAZAAR site has got the detailed information about the rates and other factors too. It was a excellent service from Bank bazaar ,very helpful and responsible representatives. Bank bazaar website was also user friendly ,even the followups was regular from Bank bazaar representatives

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AMIT KUMAR , kolkata
Reviewed on Sep 21, 2017
Car Loan

"SATISFACTORY"

0.5 3.0/5 "Satisfactory"

I did not find any issue with the service of HDFC BANK when i applied for my car loan ,everything was comfortable for me ,I had some personal reasons so it was the reason i have postponed it ,Totally i was comfortable with their service ,Representatives were also responsible and draw back is that there was no response on time from them.

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AMIT KUMAR , kolkata
Reviewed on Sep 21, 2017
Car Loan

"SATISFACTORY"

0.5 3.0/5 "Satisfactory"

I did not find any issue with the service of HDFC BANK when i applied for my car loan ,everything was comfortable for me ,I had some personal reasons so it was the reason i have postponed it ,Totally i was comfortable with their service ,Representatives were also responsible and draw back is that there was no response on time from them.

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AMIT KUMAR , kolkata
Reviewed on Sep 21, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

The website of bank bazaar is easy to use and user friendly the bank bazaar customer support helped me to get in touch with the bank partner after applying, Overall service offered by bank bazaar is really good and I am glad to use their services

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ABHIJIT ROY ROY , kolkata
Reviewed on Sep 18, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

I had applied for a car loan with ICICI Bank. The response was good from them. They contacted me and informed me the details. I did not proceed ahead as I have postponed my plan. The customer service and response from the bank executive was really good

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ABHIJIT ROY ROY , kolkata
Reviewed on Sep 18, 2017
Car Loan

"Rate of interest should be disclosed to the customer"

0.5 4.0/5 "Great!"

Rate of interest was little high in SBI for the car loan but my loan tenure was not changed according to the EMI. Right now SBI offered me the interest rate around 9.45% it has the tenure for five years, for the amount of Rs. 5 lakhs, I would like to suggest them to give proper update about the interest.

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SAMIR BASAK , kolkata
Reviewed on Sep 13, 2017
Car Loan

"satisfactory"

0.5 3.0/5 "Satisfactory"

No need to go visit any banks in person the service offered by bank bazaar is very good.The website of bank bazaar is easy to use and user friendly,. They gave satisfactory response to my car loan application. I can check the interest rates on the bank bazaar website, . I am happy with the bank bazaar service

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GAUTAM JAISWAL , kolkata
Reviewed on Sep 10, 2017
Car Loan

"satisfactory"

0.5 3.0/5 "Satisfactory"

Axis did not show any interest in providing service for my car loan application. Actually I applied for the car loan with them but they have rejected it the reason is they do not provide commercial vehical loan so they denided giving loan, they loan amount i have an idea of taking the loan in 6 lakhs rupees.

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GAUTAM JAISWAL , kolkata
Reviewed on Sep 10, 2017
Car Loan

"Good Service"

0.5 5.0/5 "Blown Away!"

When I have applied car loan with bank bazaar I got very good response , but when I applied for the credit card the response was average with bank bazaar team. The process need to be standard. I am customer of bank bazaar for more than 3 years. The website of bank bazaar is easy to use and user friendly.

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PRITAM DASTIDAR GHOSH , kolkata
Reviewed on Sep 06, 2017
Car Loan

"Better Service"

0.5 4.0/5 "Great!"

I have just postpone my car loan plan at present so that was the reason I haven't proceed with the ICICI bank car loan. The response was prompt from ICICI bank. The rate of interest was similar when compared with other banks. I would say it was an good service.

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PRITAM DASTIDAR GHOSH , kolkata
Reviewed on Sep 06, 2017
Car Loan

"Good Service"

0.5 4.0/5 "Great!"

The State bank of India executives helped to disbursed my loan amount within 7 days of time. The required loan amount has been disbursed , The rate of interest is nominal when compared with others. They gave quick response in in my loan amount disbursement.

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MRITYUNJOY DAS , kolkata
Reviewed on Aug 30, 2017
Car Loan

"Very Good service"

0.5 4.0/5 "Great!"

Bank bazaar gave prompt response in regards to my car loan application. I would say bank bazaar is the best portal where I can find the best options with the financial products with the best prices in the market. The website of bank bazaar is easy to use and user friendly.

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MRITYUNJOY DAS , kolkata
Reviewed on Aug 30, 2017
Car Loan

"Good Service"

0.5 3.0/5 "Satisfactory"

The ICICI bank car loan interest rate and their processing fee is very high when compared with others. The customer service gave good response in regards to my car loan application. Initially the executive gave a call and explained me about the products after that he told about the interest rate then I have asked them to close my application.

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MRITYUNJOY DAS , kolkata
Reviewed on Aug 30, 2017
Car Loan

"Satisfactory services"

0.5 4.0/5 "Great!"

My experience at Bankbazaar has been good and the services from them has been satisfactory. The website is also informative and I am happy that the team was responsive as my request was only an inquiry. They done a good job and it was helpful to get details with just a click away.

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VIVEK JAISWAL , kolkata
Reviewed on Aug 29, 2017
Car Loan

"Overall good"

0.5 4.0/5 "Great!"

I did not take the loan only because , it was just an inquiry for the car loan at ICICI Bank, As soon as I checked on the details, I received a call and I was given the necessary information. The interest rate and processing charges was average for me.

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VIVEK JAISWAL , kolkata
Reviewed on Aug 29, 2017
Car Loan

"Best website"

0.5 4.0/5 "Great!"

Bankbazaar is the best site.i have gone through many websites like policy bazaar but this looks good to me and it was really user friendly.once i applied for car loan the executive called me and walked with me through the whole process.they did follow ups too.

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JOYDEEP SUR , kolkata
Reviewed on Aug 28, 2017

Kolkata Car Loan is Rated as "Great!" by 775 Users

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Kolkata Car Loan

Mr. Sharma was tired of taking a cab every day. We helped him get his own car. Explore Car Loans

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.

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You’re probably eligible for an Kolkata Car Loan if you are

At least 21 years old

Less than 67 years old

Kolkata Car Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

Earn more than the minimum
income required

Check if you’re eligible >>

Your Kolkata Car Loan amount eligibility is based on these factors

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

Loan capped @
85% Ex-Showroom price

EMIs of other loans lower
your eligibility

Check how much you can borrow >>

Increase your eligible Kolkata Car Loan amount by these steps

Kolkata Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Check eligible loan amount >>

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

Apply now >>

Kolkata Car Loan Interest Rates_{Updated on 24 Sep 2017}

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

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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.

Hit the road in a new set of wheels with our low-interest Car Loans. Get set, vroom!Explore Now

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.

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.
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.
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

Get IFSC Codes from Kolkata City

GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

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