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
    8.5% - 10% 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 available
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    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Good to Know
    Eligibility Criteria
    13.1% - 15% Floating
    Up to 2%
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
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    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    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
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    Eligibility Criteria
    12% - 15.5% 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 available
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    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    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
    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
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    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
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    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
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  • Kolkata Car Loan is Rated as "Great!" by 803 Users

    Fees & Charges

    Promised Interest Rate

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    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Kolkata Car Loan

    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 19 Oct 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

    Kolkata Car Loan Reviews

    • Bank Bazaar Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      The website of Bank bazaar is very easy and user friendly. Their customer service and responses was good. The representative was helpful and the process is quick here. Its recommendable because my overall experience was Good. I have not faced any issues so far with the service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had a plan to take my car loan with ICICI bank. The customer service and responses was up to the mark . The rate of interest was nominal but I have postponed and cancelled the loan process since there is no requiement. My overall experience was satisfactory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I am satisfied with Bank bazaar. The customer service and responses was up to the mark . The representative cooperated well and guided me also. The process was very quick and hassle free here so I would like to recommend to others. The website was easy to navigate and understand . The options are very usefull here . My overall experience was excellent here.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I am satisfied with Bank bazaar. The customer service and responses was up to the mark . The representative cooperated well and guided me also. The process was very quick and hassle free here so I would like to recommend to others. The website was easy to navigate and understand .The options are very usefull here . My overall experience was excellent here.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • TVS Credit Services Car Loan
      "very good"
      0.5 4.5/5 "Excellent!"
      I have taken my car loan with TVS credit services. The loan amount was 4.50 lakhs and the rate of interest was 14% which is bit high comparing to other banks. The custoemrs service and responses is very good and they have provided door step service for the documentation collection. I have no idea about the the pre closer system here . My overall experience was good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Bank Bazaar Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I am pretty cool with Bank Bazaar service, I don't have any issues with them. Bank Bazaar gave me detailed information about the car loan when I approached them for loan products. Even service part is also excellent, who gave me a support on it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Capital First Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I already booked a new car from my own source. I thought of going with Capital First for the car loan. But I changed my mind, there was no particular reason not to go head with Capital First. I am fine with their service, they called me even their charges are nominal.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Bank Bazaar Car Loan
      "Userfriendly and Easy to access"
      0.5 4.5/5 "Excellent!"
      Best part in Bank Bazaar is the response time, I was operate the car loan in very short span of time. I got a immediate response from Bank Bazaar its really great. The website information is also very excellent and made me very satisfied on the car loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • ICICI Bank Car Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      I was okay with ICICI interest rate within the time line they have responded well. I am completely with the disbursement loan amount, I purchased HYUNDAI ELITE I20, I took loan of Rs. 6 lakhs, on road price of the car around 7.8 lakhs. Remaining all I done as a down payment.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • Bank Bazaar Car Loan
      "Awesome services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar is good and the experience is perfect. This is not my first experience and I am very thankful to the team. They are always supportive and the process is also quick. There are regular follow up calls and the website is awesome.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • HDFC Bank Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has processed my car loan on time and there are no hassles. I have taken a Renault Kwid and the documentation is also taken on time. The after loan services are good. The interest rate and processing charges is normal and I was comfortable with it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • ICICI Bank Car Loan
      "Good service "
      0.5 4.0/5 "Great!"
      I have a car loan with iicic bank for an amount of 3.90 lakhs for a tenure of 5 years at the nominal interest rate.car loan is one of the best product i hold with ICICI am not happy with the other products as such.customer service agents respond to my queries on time without much delay.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan from HDFC, but the service was very good customer service is fine and helpful. The interest rate was nominal when compared to the market value also during the documentation part was smooth process. In all, it was an excellent service provided by HDFC.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 12, 2017
    • Bank Bazaar Car Loan
      "good service"
      0.5 3.0/5 "Satisfactory"
      I can say it was a very good service from Bankbazaar ,representatives was good but I feel the customer service representatives use be updated with the process knowledge . I even checked with Bankbazaar website which was very user friendly ,so I can say the overall service very good from Bankbazaar.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 03, 2017
    • Dena Bank Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      Service is good from DENA bank ,representatives and customer service will be very helpful and responsible . Interest rate was fine compare to the market value ,so overall service was very good from DENA bank regarding my car loan process .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 03, 2017
    • ICICI Bank Car Loan
      "No unlimited part payment."
      0.5 4.0/5 "Great!"
      From ICICI BANK i have requested for a car loan .The rate of interest with ICICI bank was satisfying when comparing with other banks.But there is only 2 part payment option available with ICICI. So i have taken loan from SBI with rate of interest 9% were ICICI offered 8.65%. Even the interest rate was high their is an unlimited part payment option available.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 03, 2017
    • Bank Bazaar Car Loan
      "Quite good application"
      0.5 5.0/5 "Blown Away!"
      When i was trying to get a loan from banks and i did a free search and gone through many websites i found bank bazaar website and it was really a good application. The interface between customer and banks gets closer and life made simple.The executives gave regular follow ups.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 03, 2017
    • SBI Car Loan
      "Good for car loan"
      0.5 4.0/5 "Great!"
      I got my car loan application from SBI. The disbursed amount was 2 lakhs. The monthly EMI is 8500 for a tenure of 3 years. The service and response from the bank end was really good. The documentation process was so quick. I can surely recommend this bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 03, 2017
    • Bank Bazaar Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Bank Bazaar website is good. I have applied for a car loan by filling the application. After that I got a call from Bank Bazaar they were helpful to me. On the website, rate of interst is given randomly. I'm a customer of ICICI they offered me 8.5% interst rate but on the website it shows around 9.5%.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 30, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 4.0/5 "Great!"
      I like the service provided by ICICI Bank. The customer service is really great and they responded on time. The rate of interest is nominal compared to the other bankers. One thing which I dont like is there is a prepayment charge, If u do a pre closure.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 30, 2017
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