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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    Kolkata Car Loan

    We found 34 Kolkata Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.1% - 15% Floating
    0
    20K - 10L
    1-5 Years
    Response Time Within 30 minutes
    Ad Paperless approval option available
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% - 13.25% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 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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    Fees & Charges
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    Eligibility Criteria
    9.15% - 11.6% Fixed
    Up to ₹5,150 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    PAPERLESS APPROVAL OPTION AVAILABLE
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    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time Within 30 minutes
    100% financing on car value
    What you'll love
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    Fees & Charges
    Good To Know
    Eligibility Criteria
    9% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
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    Eligibility Criteria
    11.25% - 13.99% Fixed
    Up to ₹2,300 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
    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
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    Perks
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    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
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
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  • Kolkata Car Loan Reviews

    • ICICI Bank Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I had taken the car loan during the year 2007 from ICICI, they had offered me an interest rate of 12.4% on car loan. I got 100% loan at car on road value and they sanctioned the loan within 15 days of request and my loan got closed in 2010. I got the NOC from the ICICI on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • Axis Bank Car Loan
      "Hassle Free process"
      0.5 5.0/5 "Blown Away!"
      AXIS gave me good experience on car loan, interest rate is also as per the market it was around 10.25%, I applied the loan amount of Rs. 4 lakhs, entire amount got credited in my account. My loan not yet closed its running without any issues, I am very much happy with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • Bank Bazaar Customer Support
      "Supportive Service"
      0.5 5.0/5 "Blown Away!"
      It is suitable to say that I had received a very quick service from Bankbazaar. They were very prompt in responding the customers as well. I had no issues with bankbazaar at any point of time. Their service is overall satisfactory and it is recommendable.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 15, 2017
    • Dena Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am very satisfied with Dena bank as they provided very good service for my car loan. I had no issues with them while processing the car loan. Even I am happy with the rate of interest. They were well trained in responding the customers and also they provide very good customer support.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 15, 2017
    • Union Bank of India Car Loan
      "Good in rate of interest"
      0.5 3.5/5 "Pretty good"
      Union bank of India is the lowest in terms of interest rate than any other banks. It is too good. Actually I applied for a car loan with them and it is in process. So far I am getting proper service from the bank. Customer service is also quite approachable.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 10, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      For sure I would say, bankbazaar is really good. They had called me so many times and followed up my application in a proper manner. They helped me to submit my application to the bank without visiting the bank. I did not find any issues with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 10, 2017
    • Axis Bank Car Loan
      "Improper Service"
      0.5 1.5/5 "Bad"
      Axis bank is not interested in giving a service for my car loan application. Actually I applied for the car loan with them. They quoted the highest interest rate, they are not following RBI rules, their interest rate should be equal to the market rate. At the same time, I got the lowest interest rate for the car loan from Union bank of India. Previously the bank was good but nowadays they are hiking the interest rate which is not good.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 10, 2017
    • Bank Bazaar Customer Support
      "Good Response"
      0.5 4.0/5 "Great!"
      I got enough support from bankbazaar on my application. I found that the website is so easy to handle and it is so informative. I had no issues with bankbazaar at any point of time. They were very regular in providing timely response and proper updates.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • HDFC Bank Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      I received good response from HDFC bank for my car loan. They used to call me regularly and provided the required information. But I wanted a car loan on road price but they were about to give me the loan on ex-showroom price so I just informed them to cancel the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar was good and it was very much professional too, It was a fantastic experience and the details on the portal is very clear and simple to understand as well. The follow up calls was also done on time and overall it was a very good experience.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • ICICI Bank Car Loan
      "Very good in response"
      0.5 5.0/5 "Blown Away!"
      Since I postponed my plans I did not go ahead for the car loan with ICICI Bank. I received a proper response and the services was good from them, as they acknowledged my details on time. I do not want to rate the bank on the interest rate and charges as I had not taken the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • Bank Bazaar Customer Support
      "Supportive Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is very helpful for car loan process. They forwarded my details including my contact number to the bank and guided me properly for the loan. Their website is good and user friendly. I am satisfied as they forwarded my number and details to the bank and their site is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • Capital First Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Actually, I had faced an issue with Capital first for my car loan which is they do not have any branches in my place so because of this they did not provide the loan. Other than that, they were too supportive. They should open branches in many places to provide a successful service.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • Bank Bazaar Customer Support
      "Good mobile application for loan products"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar gave me regular follows on my loan request and I didn't face inconvenience to take loan product through Bank Bazaar website. They had done a great job to find the right product in the market, I could find all the information related to the car loan here as well the Mobile app is very easy to use.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      AXIS bank did not approve my loan, I received a call from bank and they confirmed my requirement and they even explained the process to me. Then I had purchased the car through my own source hence I dropped the plan of car loan. Axis interest rate was quite low when compared with other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2017
    • Bank Bazaar Customer Support
      "Satisfactory Service"
      0.5 4.0/5 "Great!"
      Bankbazaar supported me when I visited their website for the car loan. The responses are quite satisfactory and they helped me in selecting the bank according to my requirements. Their executives regularly followed up on my application and forwarded it to the bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 08, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The waiting period of a car which I have selected is too high so I had no other option rather to Postpone the plan. Otherwise when I contacted Axis bank for my car loan, I got good service. I had no issues with the bank in processing my loan application.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 08, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT RESPONCE"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar.com is excellent and the response was very much instant from them after applying online with in one hour of time they gave a call back. I had received good followup calls too. The website is also good at the same time.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 08, 2017
    • ICICI Bank Car Loan
      "EXCELLENT RESPONSE"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reason, I have postponed the plan to get the car loan with the ICICI bank. I got the timely response from icici bank The customer support executive of ICICI bank was very helpful . Services and other things were beyond the expectation and they were polite.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 08, 2017
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had taken my car loan from State Bank of India and the process was smooth and easy The documentation process was smooth and easy with SBI. The rate of interest 8.25% and processing fee was 7850 and it is for 7 years It was overall good experience from sbi because my friend is working in SBI and he has taken care of everything.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 07, 2017
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    Kolkata Car Loan is Rated as "Great!" by 665 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    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 30 May 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

    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
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