If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • loading

    Kolkata Car Loan

    Compare car loans in Kolkata through BankBazaar with the latest interest rates and processing fees. Find out the factors on which your Kolkata car loan eligibility is based, how to increase your eligibility, and the documentation required right here. Also get instant approvals and quotes within 30 minutes when you enquire through BankBazaar.
    More
    We found 24 Kolkata Car Loan
    Bank Name
    Interest Rate Range/Lease rental range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.10% - 11.35% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.95% - 13.40% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9,800 - 58,600 per month Lease Rental Range
    No Processing fee
    - Flexi-Lease offer
    1-4 Years
    Response Time : Within 30 minutes
    Car Lease
    What you'll love
    Documents
    Perks
    Think about
    Fees and Penalties
    Eligibility Criteria
    9.15% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13.50% - 14.50% 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
    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
    9.05%-11.50% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.30%-9.55% Floating
    0.5% (min. ₹575)
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    12.05% - 12.25% Fixed
    0
    1L to 15L
    1-6 Years
    Response Time : Within 30 minutes
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    9.75% Fixed
    1,500 to ₹2,500 One time fee
    -
    1-5 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria
    9.00% Floating
    0
    -
    7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Eligibility Criteria
    Kolkata Car Loan is Rated as "Excellent!" by 900 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.

    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 20 Jun 2019

    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

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Kolkata Car Loan Reviews

    • HDFC Bank Car Loan
      "Need to decrease charges"
      0.5 3.0/5 "Satisfactory"
      I was taken a car loan in HDFC BANK a year before, the loan amount was sufficient which was provided from bank for the duration of 5 years. The loan got sanctioned on time. The rate of interest was okay. Once taken a loan after 6 months EMI has increase pretty high as well for pre closing charges was high. Due to this I have done pre closed within 1 year.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 18, 2019
    • HDFC Bank
      HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my car loan with HDFC bank , the call amount they have given me sufficient and their rate of interest they have charge me was nominal and the processing fee which they have given me is nominal, and the tenure period they have given me is up to 3 years. Now i have closed this loan successfully.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 17, 2019
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding car loan with State bank of India , the loan amount which they have given to me was sufficient, it was as per my requirement, the rate of interest they have charged me which was nominal, they have not charged me processing fee, the loan they have given on time, Still this loan is running.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 11, 2019
    • ICICI Bank Car Loan
      "Good car loan"
      0.5 5.0/5 "Blown Away!"
      My car dealer has arranged a loan from ICICI and the interest rate is nominal and they have charged me a processing fee which is nominal compared to other banks. The total tenure period of the loan is 37 months. Overall, I'm satisfied with the car loan services.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 09, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied for my car loan with HDFC bank previously, the loan amount which they have given to me was sufficient, as per the car down payment charged they have given me loan, i have taken tata nano car, the rate of interest they have charged me was nominal, i have completed this loan three years back.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 07, 2019
    • HDFC Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the car loan with the HDFC BANK where i have closed this loan before 1.5 years. The overall process was simple and easy to get the loan on time with no issues. The rate of interest was nominal with this loan, customer support and responsiveness are good.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2019
    • SBI Car Loan
      "Satisfied with the service"
      0.5 5.0/5 "Blown Away!"
      My car loan is with State Bank of India. The process to get the loan was good. The rate of interest is around 9.35% with a zero processing fee. The tenure is for seven years. The after loan services are good. In all I had no hassles in the overall process.
      Was this review helpful? 2
      , kolkata
      Reviewed on May 02, 2019
    • SBI Car Loan
      "Very good customer service"
      0.5 4.0/5 "Great!"
      In SBI , I taken car loan for purchasing a Ford Eco sport few years back . It was completely online process done by SBI . They had arranged a individual person for taking care my car loan . That person has helped me a lot and with minimum interest rate they sanctioned the loan .
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 28, 2019
    • HDFC Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Car Loan through HDFC Bank it is taken through Online .The rate of interest and the processing fee was nominal ,The loan amt was 3,65,000 for the tenure of 5years ,The loan amount got sanctioned on time ,it was sufficient as well.The agent gave all information about the loan process .The car model is Renault kwid .
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 27, 2019
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I hold my car loan with State bank of India from long time, the loan amount was sufficient like based on my requirement they have given me loan amount, the rate of interest and processing fee they have charged me was nominal,so far i did not face any issue from them, still this loan is running.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 26, 2019
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I hold my car loan with State bank of India from long time, the loan amount was sufficient like based on my requirement they have given me loan amount, the rate of interest and processing fee they have charged me was nominal,so far i did not face any issue from them, still this loan is running.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 26, 2019
    • SBI Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have a car loan in State Bank of India and the interest rate is nominal. It was taken 3 to 4 months back and the loan process was simple. I have purchased a Hyundai Grand i20. There was processing fee around 2000 rupees which I donâ??t remember. I have taken 40% loan and rest made payment.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 23, 2019
    • IOB Car Loan
      "Experience is satisfactory"
      0.5 5.0/5 "Blown Away!"
      I also have a car loan with Indian overseas bank. The customer support is good and the process is easy. The process for documentation should be more easier. Else after approval the process is smooth. The interest rate and charges is nominal too.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 07, 2019
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my Car loan with HDFC bank,The loan amount which they have given me was sufficient,they have given me loan amount based on the vehicle price,and the rate of interest they have charged me was nominal,and they have not charged me processing fee,still this loan is running.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 26, 2019
    • Axis Bank Car Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      The interest rate of Axis car loan is not economic, its bit higher than other banks. Because I took it for 12% but others are providing around 10.5%. However Axis bank is providing the flexible emi, balance transfer, part payment and foreclosure option.
      Was this review helpful? 1
      , kolkata
      Reviewed on Mar 25, 2019
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I took car loan with State bank of India,The loan amount was sufficient,like based on my requirement they gave loan,and i have purchased Renault car , the rate of interest they have charged me was nominal,it is floating in nature,like based on the market value it use to change,they have not charged any processing fee, still this loan is running.
      Was this review helpful? 1
      , kolkata
      Reviewed on Mar 23, 2019
    • review Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this loan has been quite good where the process was not lengthy. The loan amount has been sufficient and the interest rate which they had offered has been nominal as well. They had made some charges which has been quite nominal and their customer support has also been helpful.
      Was this review helpful? 1
      , kolkata
      Reviewed on Mar 02, 2019
    • HDFC Bank Car Loan
      "Excellent Car loan"
      0.5 5.0/5 "Blown Away!"
      HDFC offers me a car loan facility and i have availed the same. I got the loan in November 2015. Total tenure period of the loan is 5 years. I pay the EMI amount of Rs. 10,400. I got the loan without any delay. The documentation process was good. They have given me a interest rate of 10.40% and the processing fee was 2.5%.
      Was this review helpful? 1
      , kolkata
      Reviewed on Feb 27, 2019
    • Axis Bank Car Loan
      "Very prompt and customer friendly services"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Axis bank and the service has been very prompt. I have got the disbursal in 24 hours. The documentation process was very nice, They have came to my office and collected all the documents in one shots and they have informed the process also very clearly. As per the market rates, they are charging the interest rates also.
      Was this review helpful? 2
      , kolkata
      Reviewed on Feb 01, 2019
    • SBI Car Loan
      "Loan duration should be faster"
      0.5 3.0/5 "Satisfactory"
      Being a KYC customer, all the time I need to go to the bank for the paper work on my car loan, the interest rate is very good. Two years ago I took loan for the interest rate around 9%. I took the principal amount of Rs. 4.42 lakhs. I recommend this loan in terms of interest rate.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jan 24, 2019
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.