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 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 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
    Good to Know
    Eligibility Criteria
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
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    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Fees & Charges
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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
    What you'll love
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    Fees & Charges
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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
    What you'll love
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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
    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
    Documents
    Perks
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    Fees & Charges
    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
    Documents
    Perks
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    Fees & Charges
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    Eligibility Criteria
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  • Ludhiana Car Loan Reviews

    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Actually I got the car loan from HDFC Bank. It was very good experience with HDFC Bank. . Interest rate is 8% Approximately which is reasonable as compared to the other bank. The processing fee is Rs1500 which is reasonable, and the loan amount got disbursed and I received it in a span of 3 working days
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 04, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is very much helpful to me. They were very much excellent to me when it comes to the services and they also processed the loan fast. Website is well designed well to get the update about all the financial product information very easily in one go and this is my very first experience in bank bazaar
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 04, 2017
    • Sundaram Finance Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have not opted for the car loan with Sundaram finance because they were ready to offer the loan for 9.5% but I got the car loan with Hdfc bank for 8.% Approximately . The customer service and the response was good with Sundaram finance,and the loan amount I had idea of taking is 3 lakhs rupees
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 04, 2017
    • Bank Bazaar Customer Support
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar has been good and the overall experience is perfect. The response was on time and there were a number of follow up calls as well. The website is good and the details are easily accessible. I could compare the banks and choose the best.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 03, 2017
    • HDFC Bank Car Loan
      "Overall good experience"
      0.5 4.0/5 "Great!"
      HDFC Bank has been good in the services for the car loan. I was contacted on time and given the details. The interest rate and processing charges was normal. I did not go ahead for it because I had postponed my plans. Else I had no issues in the process.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 03, 2017
    • Bank Bazaar Customer Support
      "Overall good experience"
      0.5 4.5/5 "Excellent!"
      The overall experience with Bankbazaar has been really good and the process is quick and easy. The team approached me on time and informed me the details. The website is also good. It would be better if the team could check if the customer is eligible for a loan and then pass on the application to various banks, so the credit score does not fluctuate.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 03, 2017
    • ICICI Bank Car Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank contacted me on time for the car loan and there were couple of follow up calls as well. It was my decision, also my application got declined due to my personal issues. The interest rate was one and the same as other banks and even the processing charges were very much nominal too.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 03, 2017
    • ICICI Bank Car Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      When I had chosen ICICI bank for the car loan, I submitted the application with them. Post which I got very good service. Though the communication gap was there from the bank but I did not face any kind of issues with them. But I had postponed my plan so I did not take the loan from them.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 01, 2017
    • Bank Bazaar Customer Support
      "Good portal to use"
      0.5 3.0/5 "Satisfactory"
      I came to know bank bazaar through web search. People who don't have knowledge about financial products can choose bank bazaar, because it gives idea to choose the products with the best market price. I would say the bank bazaar web portal is easy to use and user friendly.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jun 12, 2017
    • HDFC Bank Car Loan
      "Bank bargains"
      0.5 3.0/5 "Satisfactory"
      The problem with the HDFC bank was the negotiations with the interest rates. The HDFC executives bargains the interest rate,if we say we cannot go for it. Being a reputed banks in the market, the HDFC bank need to work on their interest rate. Because of the negotiation part I can't proceed with the HDFC bank and they need to fix the interest rate according to customers convinence. The customer service and the response was fine with them. I can say it was an average service with HDFC bank.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jun 12, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Bank Bazaar is great and good when it comes to follow up on my car loan request and it has easy option to find multiple product information, Its my first experience with Bank Bazaar and it is really good. What I need in of car loan, I got the information through this website.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 28, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I don't have any requirement and I need some time for availing the car loan as I just intended to take the loan in future. HDFC bank has responded properly on time. HDFC is really good, also I am very much happy with them as I had taken many products. I am completely happy with HDFC.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 28, 2017
    • 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
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    Ludhiana Car Loan is Rated as "Excellent!" by 104 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 23 Jul 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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