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 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 Rs.2,500 Amazon voucher free Paperless approval option available
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    Eligibility Criteria
    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Perks
    Fees & Charges
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    Eligibility Criteria
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Paperless approval option available
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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
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    8.25% - 9% 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 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
    Rs.2,500 Amazon voucher free 100% financing on car value
    What you'll love
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    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    13.50% - 15% 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 option available
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.30% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Good to Know
    Eligibility Criteria
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    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

    • HDFC Bank Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I got the car loan within 3 days of time from HDFC bank. The customer service and the response part is really good with HDFC bank. The rate of interest is nominal with HDFC bank car loan. I am happy and satisfied with the loan amount, because the required loan amount has been approved by HDFC.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 25, 2017
    • Bank Bazaar Customer Support
      "Satisfactory service"
      0.5 5.0/5 "Blown Away!"
      I got to know about bankbazaar through my friends referral. The customer service and the response is fantastic with bankbazaar. The website of bankbazaar is easy to use and customer friendly. It would be great if bankbazaar recommends the products with low interest rates. I am happy and satisfied using the bankbazaar service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 25, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I hold a salaried account with HDFC bank, so I got the car loan with HDFC bank with best interest rate, so that was the reason I haven't proceed with Axis bank car loan and moreover the Axis bank offers the loan with high rate of interest for all the products . The customer service and the response with Axis is average . The service which is provided by AXIS bank is very much average.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 25, 2017
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of SBI, I directly approached them they to take car loan. I have submitted last two year form 16, KYC documents and pay slip with blank cheque. I purchased Volkswagen Vento, worth Rs. 15lakhs, I have loan of Rs. 8.6 lakhs with the good floating interest rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2017
    • HDFC Bank Car Loan
      "Customer's friendly"
      0.5 3.0/5 "Satisfactory"
      Previously, I had taken car loan from HDFC it was during the year 2014, it was at that time they gave an interest rate of 10.5% for the loan amount of Rs. 3 lakh this was for a tenure of three years. I paid for the full tenure amount and I closed the loan. Then I got my NOC from the bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      I like Bank Bazaar website information, I could see every bank details and bank offers which is available in the market. When I placed a car loan request in Bank Bazaar, their guys have called and helped on loan process. The application is very user friendly to apply for loan products.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Loan interest should be flexible"
      0.5 2.0/5 "Expected more"
      Bank executive called me and I didn't compromise with Oriental bank of commerce norms. They offered me high rate of interest rather than SBI and they have some processing fee for the car loan. I just said to Oriental bank executive will get back but my application got closed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2017
    • Kotak Car Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I am very happy for getting this car loan from Mahindra Finance,The customer service offered was really good which is appreciable as well. The loan amount was disbursed within five days and the process of the loan was very easy and quick as well.The interest rate was minimal compared to other banks and I am really happy about the same
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      ICICI Car Loan after approval process completed they need to maintain same service how they did before, the time processing is good they executive was very good he provided me full information. Interest rate was 9% its was same in private bank when i compare to nationalized its bit high, documentation process is good, they charge 1.5% for processing fee
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      When I approached bankbazaar website for my car loan, I came to know the loan process in detail. Their website is very helpful to choose the bank and also it is very easy to compare the rate of interest and other charges. I received a good response from them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Axis Bank Car Loan
      "Dissatisfied"
      0.5 1.0/5 "Really Bad"
      I had received very good response from Axis bank for the car loan. They promptly contacted me and provided good service for the loan application . I am not satisfied with the executive as he informed that loan can be processed but it was not processed, the loan amount was for six lakhs
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Bank Bazaar Customer Support
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am with bank bazaar for past 4 years. I know bank bazaar though google web search. The customer service with bank bazaar is really good and they have made very good follow up. I have applied car loan through bank bazaar web site which is easy to use and user friendly. I am happy with the bank bazaar service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Dena Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was in need of personal loan so I thought I will first go with personal loan, so that was the reason I haven't got the car loan with Dena bank. The customer service and the response was good with Dena bank. The rate of interest was nominal with Dena bank. The service which was provided by the Dena bank was good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • SBI Car Loan
      "Good in charges"
      0.5 4.0/5 "Great!"
      For the car loan, State bank of India provided a good service. The charges are nominal with the bank. I am satisfied in the rate of interest and the tenure for the loan. The bank sanctioned the loan and they processed it without any hassles.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Bank Bazaar Customer Support
      "Good "
      0.5 4.0/5 "Great!"
      I had received good response from bankbazaar. The bankbazaar website is simple to use also it is informative. The moment applied for the loan on the website I had received calls and messages from bankbazaar. They responded well.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Dena Bank Car Loan
      "Prompt Response"
      0.5 4.0/5 "Great!"
      I approached Dena bank for the car loan but I got better interest rate and tenure from State bank of India so I switched over to SBI. But I got better response and service from Dena bank when I applied for the loan. I had no issues with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Bank Bazaar Customer Support
      "User friendly"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good its a user friendly to use without any difficulties I could check all the financial related information, its very good to use as well. Even the response part is good, they have called me and helped me to connect with the bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 04, 2017
    • Capital First Car Loan
      "Its Better"
      0.5 5.0/5 "Blown Away!"
      I just gave inquiry to Capital First to check for the car loan, but currently I don't have interest to take loan right now. Capital First service is good, When I post a inquiry they have called and checked about my requirements but I felt their interest rate was higher side and also I don't have idea to process now.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 04, 2017
    • Bank Bazaar Customer Support
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been really good. They acknowledged my details immediately and verified my details. The team processed my information quickly as well and kept following up too. The website is user friendly and self explanatory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 04, 2017
    • Axis Bank Car Loan
      "Not Satisfied with the services"
      0.5 2.0/5 "Expected more"
      It was not a pleasing experience with Axis Bank for the car loan. There was no response from them and when I tried to contact them they kept avoiding me by telling me that the process would take 15 days. Finally after waiting I called them and I was informed that they have decline the application. The interest rate I am not sure off, and the processing charges were a good deal, it was of .49%.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 04, 2017
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    Kolkata Car Loan is Rated as "Great!" by 731 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 29 Jul 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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