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 28 New Delhi Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 11.10% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
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    Good to Know
    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 100% financing on car value
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    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 100% PAPERLESS APPROVAL
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    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
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    Eligibility Criteria
    8.80% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
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    Perks
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.05% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
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    9.55% Floating
    0.5% (min. ₹575)
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    12.05% - 12.25% Fixed
    0
    1L to 15L
    1-6 Years
    Response Time : Within 30 minutes
    Documents
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  • New Delhi Car Loan is Rated as "Great!" by 3926 Users

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    New Delhi Car Loan

    New Delhi is the capital of India and seat of the executive, legislative, and judiciary branches of the Government of India. It is also the centre of the Government of the National Capital Territory of Delhi.Delhi metropolitan region is the world's second most populous city and the largest city in India and also one of the largest in the world in terms of area. After Mumbai it is also the wealthiest city in India, and has the 2nd highest GDP of any city in South, West or Central Asia.

    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 New Delhi Car Loan if you are

    01
    02
    03
    04
    New Delhi Car Loan Minimum Age

    At least 21 years old

    New Delhi Car Loan Maximum Age

    Less than 67 years old

    New Delhi Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    New Delhi Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your New Delhi Car Loan amount eligibility is based on these factors

    01
    02
    03
    New Delhi Car Loan Minimum Salary

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

    New Delhi Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    New Delhi Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible New Delhi Car Loan amount by these steps

    01
    02
    New Delhi Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    New Delhi Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an New Delhi 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

    New Delhi Car Loan Interest RatesUpdated on 16 Nov 2018

    New Delhi 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

    Car loans in New Delhi

    Owning a car has become a necessity in today’s fast paced life wherein travelling by public transport system is not feasible in terms of reliability, and commuting to work and other important and frequent visits to places by hired vehicles, trains, etc are not feasible for everyone due to the high cost incurred over the long term. During personal emergencies, it is a blessing to have a car of your own. In a big metropolitan city like Delhi, where access to other modes of transportation is limited due to high population density and increasing demand for transport systems which alternately causes various hassles including non-reliability, time constraints, threat to safety and security, etc, it is indeed a relief to travel worry-free in the comfort of your own vehicle.

    Documentation for Car Loan

    Documents required for Salaried applicants :

    • Copy of PAN card
    • Address Proof
    • Duly filled Application Form with 2 passport size photos
    • Income statements and proof such as 2 years Form 16 and latest 3 month salary slips
    • Recent salary account statement of 6 Months
    • Proof of profession - official ID card

    Documents required for Self Employed applicants :

    • Copy of PAN card
    • Address proof
    • Duly filled application form with 2 passport size photos
    • ITR of latest 2 years
    • Business/Current account statement for the past 6 months

    List of Major Bank Branches and interest rates in Delhi for Car Loans:

    • HDFC Bank - HDFC Bank offers car loans in New Delhi at an interest rate of 10.75% - 12.50%.
    • Kotak Bank - The bank offers car loans at an interest rate of 11.50% - 13.50%.
    • Axis Bank - The interest rate on car loan is 11 %.
    • State Bank of India - SBI offers 10.75% interest on car loan.

    Other banks offering car loans in New Delhi are :

    1. Asian Development Bank - The bank was incorporated in 1966 and is headquartered in Metro Manila, Philippines. It provides banking and financial services to Asia and the Pacific. It has two branches in New Delhi.
    2. Corporation Bank - This is a public sector bank that was established in 1906. It has it’s headquarters in Mangalore and has 8 branches in Delhi.
    3. Punjab National Bank - This bank was established in 1894 and has it’s headquarters in New Delhi. It has approximately 12 branches in and around Delhi.
    4. IDBI Bank - It is a public sector company incorporated in 1964 with it’s headquarters in Mumbai. It has one main office in Delhi.
    5. Oriental Bank of Commerce - It is a Indian government-owned bank established in 1943 and has about 16 branches all over Delhi.
    6. HSBC Bank - This is a bank with a global presence. It started its operation in India in 1853, in Mumbai, and now has networks all over India. There are 5 branches of HSBC Bank in Delhi.
    7. Syndicate Bank - This bank is a government owned corporation that was founded in 1925 and was initially known as Canara Industrial and Banking Syndicate Limited. There are 11 branches of Syndicate Bank in Delhi.

    Why Choose Car loans in Delhi through BankBazaar.com?

    Selecting a car loan as per your requirement has become really easy with the privileges offered by the online loan comparison website BankBazaar.com, which has a customer friendly interface that is simple and easy to use and access. The various highlights of applying for a car loan in Delhi through BankBazaar.com are :

    1. Compare multiple bank offers from ICICI Bank, Axis Bank, HDFC Bank and more, in simple, non-time consuming steps, online.
    2. Get quotes and e-approvals instantly on BankBazaar.com.
    3. Get low interest rates on car loans that are not available anywhere else. BankBazaar.com is associated with market leaders like HDFC Bank, Axis Bank, ICICI Bank and others and this helps us to provide the online applicants with the lowest interest rates on personal, car or home loans.
    4. Easy online procedures - no need to visit bank branch directly.
    5. Loans are disbursed quickly and efficiently with our assistance.
    Check For Latest: Gold Rate in Delhi Or Silver Rate in Delhi

    New Delhi Car Loan Reviews

    • HDFC Bank Car Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a used car loan with HDFC BANK and it was closed 3 to 5 years ago. I have purchased a Maruti Alto. My experience is good and the rate of interest was 14% which am satisfied. I have charged processing fee but it was nominal. The documentation process was lengthy and it was easy. I have to sign the documents multiple times.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 15, 2018
    • HDFC Bank Car Loan
      "Need to reduce ROI"
      0.5 3.5/5 "Pretty good"
      My experience was good with HDFC bank for car loan, the loan amount was based on my requirement and the rate of interest was little high when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 15, 2018
    • Syndicate Bank Car Loan
      "Good Deal from Syndicate"
      0.5 5.0/5 "Blown Away!"
      I took car loan of Rs. 6 lakhs, for the total tenure of six years, they gave me better interest rate than other banks. I am happy with that part but deducted some amount and then they told to send mail. When I wrote mail to the bank, there was no response about the amount.
      Was this review helpful? 6
      , new delhi
      Reviewed on Nov 09, 2018
    • SBI Car Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have purchased Chevrolet car through State Bank of India. It s still ongoing and the total period is 7 years, I have completed 3.5 years. Premium of Rs.8175 will be auto debited. I approached SBI and they processed the loan within 30 days, am fully satisfied with interest rate 8.75%, They have provided 75% funding to buy a car.
      Was this review helpful? 6
      , new delhi
      Reviewed on Nov 03, 2018
    • Bank Bazaar Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of bankbazaar from the last 1 year, it was a good experience so far with bankbazaar. The Customer service was good with bankbazaar and their response was on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 30, 2018
    • Capital First Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan was approved with Capital First and the experience was good, i received my loan amount within 1 week. The loan amount was for Rs 1.1 lac with little high interest rate when compared to others. The tenure period for this car loan is 3 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 30, 2018
    • Kotak Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this car loan and the loan amount which they had provided has been satisfactory. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of additional charges which they had made for this loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 26, 2018
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been good and the process in getting the loan has not taken much time. The loan amount which they had provided has also been good and the interest rate with them has also been good as well. The processing fee which they had charged for this loan has been nominal as well.
      Was this review helpful? 3
      , new delhi
      Reviewed on Oct 17, 2018
    • HDFC Bank Car Loan
      "Good Card"
      0.5 4.0/5 "Great!"
      I am pretty much happy with its service as it take cares whenever i am in need. But HDFC don't give me an option to convert my payment in EMI medium at the beginning. It will be Easy for me if they come up with EMI option so that i don't have to struggle.
      Was this review helpful? 3
      , new delhi
      Reviewed on Oct 17, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my experience was good, the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. The loan amount was for Rs 5.5 lakhs and this was taken for a tenure period of 5 years.
      Was this review helpful? 9
      , new delhi
      Reviewed on Oct 11, 2018
    • HDFC Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I had a good experience by purchasing the car loan from the HDFC BANK. The loan amount what they have offered is sufficient and it is 5lakhs and the rate of interest is 9% approximately. The duration is for 5 years to repay the loan where i am paying it through auto dept from account.
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 08, 2018
    • HDFC Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I Have taken Car loan from Hdfc bank , The rate of interest which they have given which is high . There is processing fees is nominal one . There customer representative explained the terms and conditions .They have instantly approved the loan which took 4 days .
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 03, 2018
    • HDFC Bank Car Loan
      "Worst Bank with Worst service ever "
      0.5 0.5/5 "Unacceptable"
      I hv classic saving account in hdfc bank with dedicated banker, I am always kee fund in my account 10lac+When I applied for a used car loan of rs 3lac they harassed me alot and finally after so much fight by me they disbursed my loan with conditions like you have to install GPS in 18000 and mrkt cost is 2000..
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 03, 2018
    • Union Bank of India Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Union Bank of India. The customer services and response is good. I got the loan on time and it was a easy process. The rate of interest and processing charges is normal. There has been no issues till date in the after loan services.
      Was this review helpful? 7
      , new delhi
      Reviewed on Sep 24, 2018
    • Kotak Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra bank has offered me a car loan as well. I got the loan is 48 hours. It was a pre approved loan. I have purchased a Audi car. The interest rate and processing charges were nominal too. It was a excellent experience and the process was smooth.
      Was this review helpful? 5
      , new delhi
      Reviewed on Sep 19, 2018
    • HDFC Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My car loan was taken with HDFC bank 1 year back.The loan amount was 7 lakhs and rate of interest was satisfactory .The tenure period was 3 years . There is no processing fee and the loan was good.. There is no issues faced and the whole process was smooth.
      Was this review helpful? 6
      , new delhi
      Reviewed on Sep 15, 2018
    • Bank Bazaar Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience so far with bankbazaar, i am using the services of bankbazaar from last 2 years and the services provided by bankbazaar is pretty good. Customer service was good and they responded on time. Mobile application of bankbazaar is easy to use.
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 12, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      The application process was smooth, it took 1 week to receive the loan amount, i have taken a car loan with HDFC bank and it was a good experience. The loan amount was for Rs 4 lacs for 5 years with nominal interest rate. Customer service was good and they followed up on time.
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 12, 2018
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am very happy with Bankbazaar and they are very good in the customer services. I appreciate their work and the executive coordinated pretty well when ever I contacted them. The website is also good and there are no hassles in the whole experience.
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 07, 2018
    • HDFC Bank Car Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I had taken a car loan from HDFC bank and while applying for the loan, I refused to accept the GPS accessories. But the executive still charged it without my knowledge and opted for the same. So my loan instead of being 4.50 lakh, they have made it as 4.74 Lakh. After me sending so many emails, they said they will reprocess it. But they have said the same only orally not in paper.
      Was this review helpful? 3
      , new delhi
      Reviewed on Sep 07, 2018
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