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Ludhiana Car Loan Reviews

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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
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.

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MOHAMMAD PARVEZ , ludhiana
Reviewed on Apr 28, 2017
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.

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MOHAMMAD PARVEZ , ludhiana
Reviewed on Apr 28, 2017
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.

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SANJIV KUMAR , ludhiana
Reviewed on Apr 04, 2017
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.

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SANJIV KUMAR , ludhiana
Reviewed on Apr 04, 2017
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.

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HARDEEP SINGH , ludhiana
Reviewed on Mar 02, 2017
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.

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HARDEEP SINGH , ludhiana
Reviewed on Mar 02, 2017
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%.

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VISHAL SOOD , ludhiana
Reviewed on Feb 22, 2017
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.

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DHANANJAY KANT SHROFF , ludhiana
Reviewed on Feb 15, 2017
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.

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DHANANJAY KANT SHROFF , ludhiana
Reviewed on Feb 15, 2017

Ludhiana Car Loan is Rated as "Excellent!" by 96 Users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Car Loan BYTES FROM OUR KITCHEN

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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

Check if you’re eligible >>

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

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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

Apply now >>

Ludhiana Car Loan Interest Rates_{Updated on 26 Jun 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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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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