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Ludhiana Car Loan Reviews

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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.

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SUKHBIR SINGH , ludhiana
Reviewed on Aug 10, 2017
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

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AMAN DEEP SINGH , ludhiana
Reviewed on Jul 04, 2017
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

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AMAN DEEP SINGH , ludhiana
Reviewed on Jul 04, 2017
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

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AMAN DEEP SINGH , ludhiana
Reviewed on Jul 04, 2017
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.

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VINOD BHATT , ludhiana
Reviewed on Jul 03, 2017
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.

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VINOD BHATT , ludhiana
Reviewed on Jul 03, 2017
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.

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AKHILESH TIWARI , ludhiana
Reviewed on Jul 03, 2017
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.

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AKHILESH TIWARI , ludhiana
Reviewed on Jul 03, 2017
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.

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JASPREET KAUR , ludhiana
Reviewed on Jul 01, 2017
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.

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PARAS MANI , ludhiana
Reviewed on Jun 12, 2017
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.

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PARAS MANI , ludhiana
Reviewed on Jun 12, 2017
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.

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RAJESH KR GUPTA , ludhiana
Reviewed on May 28, 2017
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.

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RAJESH KR GUPTA , ludhiana
Reviewed on May 28, 2017
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.

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SATNAM SINGH , ludhiana
Reviewed on May 21, 2017
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,

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SATNAM SINGH , ludhiana
Reviewed on May 21, 2017
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.

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RAVIJYOT SINGH , ludhiana
Reviewed on May 09, 2017
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.

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RAVIJYOT SINGH , ludhiana
Reviewed on May 09, 2017
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.

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BABITA PATEL , ludhiana
Reviewed on May 07, 2017
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.

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BABITA PATEL , ludhiana
Reviewed on May 07, 2017
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.

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BABITA PATEL , ludhiana
Reviewed on May 07, 2017

Ludhiana Car Loan is Rated as "Excellent!" by 105 Users

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Check your Eligibility!

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.

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You’re probably eligible for an Ludhiana Car Loan if you are

At least 21 years old

Less than 67 years old

Ludhiana Car Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

Earn more than the minimum
income required

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Your Ludhiana Car Loan amount eligibility is based on these factors

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

Loan capped @
85% Ex-Showroom price

EMIs of other loans lower
your eligibility

Check how much you can borrow >>

Increase your eligible Ludhiana Car Loan amount by these steps

Ludhiana Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Check eligible loan amount >>

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

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Ludhiana Car Loan Interest Rates_{Updated on 17 Aug 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

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GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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