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
    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
    8.60% - 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
    What you'll love
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    Fees & Charges
    Good To Know
    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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    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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    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
    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
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    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
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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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  • Ludhiana Car Loan is Rated as "Excellent!" by 122 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 18 Nov 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

    Ludhiana Car Loan Reviews

    • Bank Bazaar Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar's customer service is quick and they immediately responded to my car loan application when I applied through Bank Bazaar website. Bank Bazaar's website is easy to use and also user friendly. Bank Bazaar is good in their services which they provide to their customers.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 28, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I applied for a car loan with ICICI Bank later I decided to close the car loan application because I have decided to postpone the plan of getting a car now for sometime. But they offered me the car loan with 10.25% as rate of interest which is less only and there was no processing fees also.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 28, 2017
    • ICICI Bank Car Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have applied for my car loan with ICICI bank. I am happy with their customer service and responses but I have cancelled my application here since I have taken with CAPITAL first bank. I have no idea about the rate of interest here .My experience was really good and Its recommendable.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 21, 2017
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have already taken my personal here . Their customer service was excellent and responses was on time, I am always happy with Bank bazaar because the representative's approached is really good and very helpful. The process is very simple and hassle free here. The website is also very Informative so I would like to highly recommend Bank bazaar.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 17, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have approached AU SMALL FINANCE for my car loan. There was no proper response from their customer care so they have to improve a lot and The rate of interest was not so high when I have enquired. I have cancelled my application due to my personal reason .
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar gives very good service to the customers. It gives very good cooperation to the customers. It is easy to get a financial product via bank bazaar. I am with bank bazaar for more than a month. The website of bank-bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 03, 2017
    • Bank Bazaar Car Loan
      "Average"
      0.5 2.0/5 "Expected more"
      After I registered on Bankbazaar, I received a call and my the team verified my details and processed the same to the bank. After which I only got updates through SMS and there were no follow up calls. The website is good. It would be better if the credit score options works instantly.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 28, 2017
    • Capital First Car Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      It was a complete zero response from Capital first after I had applied for a car loan. The bank did not call and check with me about my requirement. It is not a good experience and I would not want to recommend them to others. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 28, 2017
    • 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
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