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 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
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    Eligibility Criteria
    8.90% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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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
    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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    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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    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Paperless approval available
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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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    Fees & Charges
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    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
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    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
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    Fees & Charges
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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
    What you'll love
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    Eligibility Criteria
    8.80% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
    What you'll love
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  • Ludhiana Car Loan Reviews

    • Bank Bazaar Car Loan
      "Overall no hassles"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has done a perfect job. There was no delay and the details was clearly informed and the overall experience is good. The website is good enough and it is easy to understand. The details are useful and it is all on one single platform.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 21, 2017
    • TVS Credit Services Car Loan
      "Services are good but high on ROI"
      0.5 5.0/5 "Blown Away!"
      TVS credit services is very good in the process and customer services. They were responsive and my car loan was processed on time. But they were high on the interest rate and processing charges. The interest rate was around 15%. The after loan services on time.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 21, 2017
    • SBI Car Loan
      "Very Good service"
      0.5 3.0/5 "Satisfactory"
      It was an hassle free service with State bank in regards to my car loan . They have disbursed the loan amount within 7 days of time. The customer service gave good response in regards to my car loan application . The rate of interest is nominal with Sbi.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 04, 2017
    • Bank Bazaar Car Loan
      "Very Good service"
      0.5 3.5/5 "Pretty good"
      The service offered by bank bazaar is very good. They gave good response to my car loan application. The website of bank bazaar is easy to use and user friendly,. I can surf the interest rates on the bank bazaar website, no need to go visit any banks in person. I am happy with the bank bazaar service.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 04, 2017
    • ICICI Bank Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      I have applied car loan with ICICI bank, but within the time it get processed my brother got the loan with other bank so that was the reason I haven't got the loan with ICICI bank. The customer service is good with ICICI bank they gave good response in regards to my car loan. The rate of interest is nominal with ICICI bank.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 04, 2017
    • Bank Bazaar Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Very good service I received from bankbazaar from the date I applied for my loan process ,Good customer service, their executives were very much helpful. Also your representatives who helped me during my loan process was really good ,So overall service provided by bankbazaar was good.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 01, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      HDFC bank is a very good bank which provides me with very good service ,and I think HDFC is one of the top bank in the market ,Interest rate was little high ,I canceled my car loan with HDFC is because I had some personal reasons ,So unable to process further ,But i am sure in future I will contact HDFC for my loan process.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 01, 2017
    • Capital First Car Loan
      "Fully satisfied"
      0.5 4.0/5 "Great!"
      Due to my personal reason, I have not taken the car loan with the Capital first limited. Rate of interest and other things were really fine for the car loan, which I have inquired with them also their customer service is working in good way and I have not found any hiccups with them.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Aug 31, 2017
    • HDFC Bank Car Loan
      "Car loan process is good"
      0.5 4.0/5 "Great!"
      The turn around time taken was 10 days I had submitted the document on the 3rd day after a week's time my loan was processed. The interest rate offered by ICICI bank was 9.1% and there is an add on here where I was offered a GPRS worth 19k and this was offered as a compliment.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Aug 24, 2017
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Applied for a car loan with HDFC bank. They took around a days time to disburse my car loan. The documentation process was went smooth and easy with Hdfc bank. Overall it was very good experience in concern to my car loan with Hdfc bank. I would also suggest this bank is meant for other customers too.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Aug 10, 2017
    • 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 Car Loan
      "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 Car Loan
      "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 Car Loan
      "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 Car Loan
      "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
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    Ludhiana Car Loan is Rated as "Excellent!" by 114 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Ludhiana Car Loan

    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 24 Sep 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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