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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    Ludhiana Car Loan

    We found 34 Ludhiana 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
    Documents
    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
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
    What you'll love
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    Perks
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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
    What you'll love
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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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    Perks
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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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    Documents
    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
    What you'll love
    Documents
    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
    Documents
    Perks
    Think about
    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
    Documents
    Perks
    Think about
    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
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Ludhiana Car Loan Reviews

    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It's been like in and out of procedures just in a days from bank bazaar They were prompt and I seen no delay in their services.The best I liked about the services of Bankbazaar was the customer support team was really help full in explaining all the details.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 21, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had applied for the car loan at ICICI bank. I had received a call from the bank complete information was shared with me over the phone. At present I looking out for a second hand car loan, The rate of interest will be high for it, but for the new car loan also ICICI is charging high loan amount compare to HDFC 1.50% high opted for 2.90 laks,
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 21, 2017
    • Bank Bazaar Customer Support
      "Good services"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar has been good as they contacted me on time and informed me the details of the banks. The website is also good and it is helpful for every customer. The team is also smart and they know what should and should not be informed to the customer.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 09, 2017
    • TVS Credit Services Car Loan
      "High ROI & charges"
      0.5 4.0/5 "Great!"
      I did not go ahead for the car loan is because my plans changed as the rate of interest was really high and the processing charges was high too. So I went ahead for a used car by buying it by cash. The services was good and the follow up calls was also good.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 09, 2017
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I was completely satisfied with their service, Because still there was no hassles or any inconvenient from HDFC my whole family has taken car loan from HDFC Rate of interest also 9.% it was low compared to other bank. Documentation was very smooth to process the application immediately. I had received the prompt service my car loan got disbursed with in same day of applying.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 07, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good and they had done a good follow up I appreciate the immediate response and the way the team followed up till the end of the process. The portal was also up to the mark with a lot of useful information and the tools for comparison was also helpful.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 07, 2017
    • Sundaram Finance Car Loan
      "ROI was high"
      0.5 1.0/5 "Really Bad"
      Sundaram Finance called only once, They offered me the interest rate of 10.50% on my car loan application, but they did not respond or call back or there was no followup after that, when they called I said your Rate Of Interest is very high and they did not call after that. Later I had taken loan through some other resources.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 07, 2017
    • Bank Bazaar Customer Support
      "Supportive Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar services are good. They approached me on my loan application. Their website is easy to navigate and it has a lot of financial information. I got regular followups from bankbazaar on my application and it had been promptly assigned to the bank.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Apr 28, 2017
    • Sundaram Finance Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Actually I was planning to take a car so I applied with Sundaram Finance with the help of online source. But due to some personal reasons I just dropped my plan. I informed to them that I dropped my plan. Otherwise their responses were really good and approachable.
      Was this review helpful? 1
      , ludhiana
      Reviewed on Apr 28, 2017
    • Bank Bazaar Customer Support
      "Good Financial Advisor"
      0.5 5.0/5 "Blown Away!"
      When I was searching for car loan in the Google, I found the Bank Bazaar for the financial needs. Then I shared my requirement over there instantly I got the response. I just done a single click in the website, everything happened automatically. The site is easy and user friendly to avail any banking products.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Apr 04, 2017
    • HDFC Bank Car Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      Looking for a new tax reduction so I am planning to take the car loan after three months. HDFC is good in service they called and assisted me on the loan process and I am fine with their interest rate, But I did not proceed further with them due to my present situation.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Apr 04, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      This is my very first experience with Bankbazaar. I had received a call on the same day when I applied for the loan, in fact it was too quick as they managed to call me within 2 hours from the time I had registered my request. Customer service executive gave a wonderful description about the loan product. As far as the site is concerned its simply brilliant.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Mar 02, 2017
    • HDFC Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I was assured that I would be getting the car loan from HDFC Bank. I was offered a loan for a tenure of 2 to 3 years. I had no clue about the rate of interest levied by them. On the same call they confirmed that there would be a one time processing fee. As promised they contacted me after a couple of days however I was not interested at that point of time. I was offered a loan amount of 3 lakhs.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Mar 02, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      ICICI bank contacted me for the car loan and I was asked to bring over my documents to their office. Since it was not feasible for me to go over I informed them about the same. After which they did not call me back and I went ahead with another bank. The rate of interest was of 10%.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Feb 22, 2017
    • Bank Bazaar Customer Support
      "Good services"
      0.5 4.0/5 "Great!"
      The service at Bankbazaar is good, as they done their job well. As a mediator they provided me with bank offers and the follow up calls was pretty good as well. The website is good. I did not face any difficulties in this process as they made it easy for me to reach the banks with just a click away.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Feb 15, 2017
    • ICICI Bank Car Loan
      "Average & high ROI "
      0.5 3.0/5 "Satisfactory"
      Two major factors that I am not okay with ICICI Bank was, the high rate of interest and processing charges when it comes to car loan. They were not ready to negotiate on the same, though I am an existing customer. They contacted me and clarified my information and this Bank is recommendable based on the customer's need.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Feb 15, 2017
    • Bank of India Car Loan
      "Super fast process & lesser ROI"
      0.5 5.0/5 "Blown Away!"
      This is my first experience with Bank of India and I got the approval for my car loan within 24 hours from them. The process was swift and the documentation was also on the normal side. The best is I got a lesser rate of interest when compared to other banks. The charges was also nominal for me.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Nov 29, 2016
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      The experience with Bankbazaar was pretty comfortable. Because I did not have to do much to get the banks to call me. All I had to do was to register and submit my information and then get instant calls from Bankbazaar who in turn processed my details to the banks.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Nov 29, 2016
    • ICICI Bank Car Loan
      "Good in services and high on the rate of interest"
      0.5 5.0/5 "Blown Away!"
      I did not go ahead with ICICI Bank for the car loan as I got a better deal from another bank. The services and response I got from them was excellent. They were high on the rate of interest, when compared to other banks. It was around 10.5%. If they had given me a better offer I would have taken the loan from them. I still do not wish to give the bank a rating on the charges.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Nov 29, 2016
    • ICICI Bank Car Loan
      "Best car loan from ICICI"
      0.5 5.0/5 "Blown Away!"
      ICICI Car loan was best. My dream had come true buying a car through ICICI. With low rate of interest and also the processing fee. It was more convenient and comfortable. It made my travel easy from one place to another place with the journey of ICICI car loan.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 22, 2016
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    Ludhiana Car Loan is Rated as "Excellent!" by 92 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Ludhiana, located in the Ludhiana district of Punjab, is the state’s largest city based on population.Ludhiana is a component of the ‘Eastern Industrial Corridor’ that joins quite a few cities from Punjab straight to West Bengal This ensures that industrial growth is enhanced by quick transport of freight and goods.The World Bank held Ludhiana as the Indian city having the most favorable business atmosphere in 2009

    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 Ludhiana Car Loan if you are

    01
    02
    03
    04
    Ludhiana Car Loan Minimum Age

    At least 21 years old

    Ludhiana Car Loan Maximum Age

    Less than 67 years old

    Ludhiana Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Ludhiana Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Ludhiana Car Loan amount eligibility is based on these factors

    01
    02
    03
    Ludhiana Car Loan Minimum Salary

    Minimum income required Rs.2,40,000 per annum

    Ludhiana Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Ludhiana Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Ludhiana Car Loan amount by these steps

    01
    02
    Ludhiana Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Ludhiana Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Ludhiana 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

    Ludhiana Car Loan Interest RatesUpdated on 30 May 2017

    Ludhiana 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

    Check For Latest Gold Rate in Ludhiana
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