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
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    9.00% 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
    Rs.2,500 Amazon voucher free
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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
    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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    Perks
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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
    12.25% - 13.99% Fixed
    Up to ₹4000 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% 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
    Good to Know
    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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    Eligibility Criteria
    8.90% 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

    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      SBI is very good, when I approached for the car loan, I didn't feel its a nationalized bank. Because they are more professional and they done fast process on my car loan. They approved the loan on road price of the car, this is for a tenure of 7 years and this comes with a rate of interest of 9.25% .and the loan amount was 3.50 lakhs.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is fantastic when it comes to customer services and it was very easy for me to get my loan. They contacted me instantly and they processed my information to the banks as well. The website is good and very much easy to access and it was very useful for me.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      After I applied for a car loan with Axis Bank I was contacted and I was informed about the details for the loan I dropped my car loan plan for time being. I am not at all happy with the bank as there is no response from them there rate of interest is very high compare to other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • SBI Car Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      During the year of 2014, I had taken the car loan from SBI. The loan process was very good and the manager and staffs are very cooperative. They helped me a lot during the process and done with the loan process without any delay. Actually they sanctioned the loan in one day.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      Bankbazaar has been good as they responded to me as soon as I applied for the loan. The process was swift and the website was easy to access. It is created well so any lay person can use it. The follow up process was also good. I had no issues in all.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 12, 2017
    • Axis Bank Car Loan
      "Good services"
      0.5 4.0/5 "Great!"
      The services at Axis Bank was good for the car loan. I did not go ahead with it because I was not in town and was not available to proceed ahead. I postponed my plan to the next couple of months. The experience was good and the charges was normal and hassle free.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 12, 2017
    • Bank Bazaar Customer Support
      "Easy to Access"
      0.5 4.0/5 "Great!"
      Bank Bazaar responded well on the loan application, they kept calling me again and again to check the application status. Best part I like in Bank Bazaar is their response is good, they giving customer satisfactory service. Portal is also easy to check all information.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2017
    • Axis Bank Car Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      Earlier, I thought to process my car loan with AXIS Bank, then I changed the mind and I managed money through my own source. Axis service was quite good, there was no issues from the bank's end. I have thought go with other option hence I didn't avail from AXIS loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2017
    • Sundaram Finance Car Loan
      "Dissatisfied service"
      0.5 1.0/5 "Really Bad"
      Sundaram Finance service is not good, Only one person have called me then there was no response. Then I reached my dealer for the car loan he helped me to contact me with the TVS Finance. Sundaram Finance executive should be aware of the product knowledge and should give regular follow up.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 08, 2017
    • Bank Bazaar Customer Support
      "Its Userfriendly"
      0.5 4.5/5 "Excellent!"
      All the bank details are very much availiable in a single site, I could compare the interest rate and offers to choose the right option in the market. Bank Bazaar is very easy to navigate, their representative reached me on time to connected with me the Axis for the car loan process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 08, 2017
    • Axis Bank Car Loan
      "Its Good"
      0.5 3.5/5 "Pretty good"
      Right now, I dont have any interest to take car loan for personal use, I am planning to take commercial loan. My dealer will provide the documents related to the commercial loan. Then I am planning to take commercial use. Axis is good they contacted on the car loan. I am very much happy with their service.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 08, 2017
    • Bank Bazaar Customer Support
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been perfect as well. I am happy with the instant response and the process was swift and very much supportive too. The overall experience is good and the website is helpful to identity the right bank without having to visit the bank personally.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 07, 2017
    • Dena Bank Car Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      I had not taken my car loan from Dena bank because my vehicle was on waiting period and it is kept on hold. So I had cancelled my application for now. The response was prompt, and the bank also had a good deal on the interest rate and the processing charges too.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 07, 2017
    • Bank Bazaar Customer Support
      "Better "
      0.5 4.0/5 "Great!"
      I came to know about Bankbazaar.com through the internet search, also I have downloaded the mobile application which is really great. I would like to request , Bankbazaar.com could montior the bankers and their approach towards the customer. Response is a good one with the Bankbazaar.com.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 07, 2017
    • Axis Bank Car Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      Experience was not that great with the Axis bank for the car loan, which I have inquired. In between there were some personal reason, so I have not dealt with the Axis bank. Rate of interest was not at all the constraint for me. I would like to go ahead for the car loan with the Axis bank in future.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 07, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      Its been a year I am with bank bazaar. I know about it through web search. I have applied car loan through bank bazaar promotional mail link . The web portal with bank bazaar is easy to use and user friendly . I can also compare and choose the products with bank bazaar web site. Overall I am happy about the service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 06, 2017
    • SBI Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Basically the State bank of India branch is available in my place and the rate of interest is also much better than the other banks, so that was the reason I have choose State bank of India for my car loan, The customer service and the responsiveness is average with SBI. They need to improvise their service. Overall I can say it was an average service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 06, 2017
    • Axis Bank Car Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      The Axis bank was offering a higher interest rate in concern with my car loan application , so that was the reason I didn't proceed with Axis bank. The axis bank was very reciprocal, I can say they are good enough to have communication with their customers. Overall, I can say it was a very good service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 06, 2017
    • Bank Bazaar Customer Support
      "Supportive Service"
      0.5 4.0/5 "Great!"
      There was no issues with bankbazaar on my car loan application. They provided a very good response and my application been followed up by their executive without any delay. The website is very much useful to apply for the loan and also it is easy to handle.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 06, 2017
    • Axis Bank Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      As I do not have any requirement for the car loan I just cancelled my car loan application with Axis bank and bought the car on cash. Axis bank was good in response and they promptly contacted me for the loan but I did not avail the loan from the bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 06, 2017
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    Kolkata Car Loan is Rated as "Great!" by 701 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
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    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 23 Jun 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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