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 New Delhi Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 10.35% 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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    Fees & Charges
    Good to Know
    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Perks
    Think about
    Good to Know
    Eligibility Criteria
    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    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
    What you'll love
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    Perks
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    Fees & Charges
    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 free 100% financing on car value
    What you'll love
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    Perks
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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
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    What you'll love
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    Good to Know
    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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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
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    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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    Perks
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    Good to Know
    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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  • New Delhi Car Loan is Rated as "Great!" by 3782 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    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 11 Dec 2017

    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

    • SBI Car Loan
      "Recommedable"
      0.5 5.0/5 "Blown Away!"
      I got my car loan from State bank of India. The approved loan amount was 3 lakhs. The monthly EMI is 8000 for a tenure of 5 years. But within 9 to 10 months i have closed the car loan with the full amount. The pre closure charges was 1700. Its recommendable to others.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 06, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com service was very wonderful ,I use to get regular followups. The customer support was good I applied with Bankbazaar.com website which was easy to use and have lot of good options it was a good experience with Bankbazaar.com.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 06, 2017
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was my personal reason I have postponed my loan process with icici ,the interest rate was nominal customer support was prompt with icici compare to others in the market also I got a better offer it was the main reason for cancellation of my loan process with icici.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 06, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was been a very long time I came to know about the service of Bankbazaar.com ,I uses Bankbazaar.com website which was easy for navigation with lot of good options. The customer service was good it was a good experience with Bankbazaar.com for my car loan service.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 06, 2017
    • HDFC Bank Car Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      Hdfc car loan service was good but I feel the customer support has to be improved with hdfc car loan department also there is no proper response from hdfc and they never provide me any information regarding the interest rate it was a average service from hdfc car loan service.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 06, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have a car loan with HDFC bank. They offered me this car loan with 9% to 9.5% as rate of interest. The total loan amount is 3.10 lakh rupees. The total tenture is 5 years. HDFC bank charged me a processing fees which is Rs. 500. Overall it was good and speedy process of this loan.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 04, 2017
    • HDFC Bank Car Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My car loan was taken with HDFC bank few months back. The loan amount was 7 lakhs and the interest rate was 8.5% which was very low comparing to other banks in the market.I am satisfied with the loan process here and they have provided door step service for collecting document . My overall experience was very good and I would like to recommend to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 04, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bankbazaar through google and i know bankbazaar.com from last 2 years. The services provided by bankbazaar is good when compared to all other banking websites. Customer service was good and their response was prompt. I am using the mobile application, it is easy to access and is user friendly. I also check my credit score in this app.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 02, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My Car loan application got closed with HDFC bank, the reason was i have postponed the plan to get the car loan. Apart from this, the customer service was good, they followed up correctly and they responded on time. I am planning to take a car loan after 2 months. The rate of interest was high when compared to other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 02, 2017
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC bank and it was a good loan experience. The loan amount was for Rs 5.97 lakhs with the nominal rate of interest. The tenure of this loan was for 5 years. The process was very smooth and my loan amount was approved within 10 days. The loan was given based on the on-road price. Customer service was good and they responded on time. Documents were collected on time and it was a good service overall.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 01, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      The ICICI Bank provided me a full approval on the loan amount i asked for the car loan . It was a good customer service from the Bank side .the amount got disbursed within 8 to 10 days . The rate of interest provided me was 9 to 10% and the processing fee was also minimal . The gave me a option of pre closure and part payment but i did not take it .
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 30, 2017
    • Bank Bazaar Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar customer service is really good and real responsive . I received Call from the bank bazaar executive immediately . The bank bazaar Website is user friendly and helpful . I did not check my Credit score on the bank bazaar website yet . It was a good experience over all .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 29, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service i received from the ICICI Bank for the car loan i applied for . They contacted on time and proper information was delivered to me . Actually i stay in agra and i received call from the new Delhi branch . They said me to contact Agra branch for the loan and they canceled the application .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 29, 2017
    • review Car Loan
      "Need to improve"
      0.5 3.0/5 "Satisfactory"
      I am having the car loan with the Shriram finance and the csutomer service is good one. The loan amount got disbursed within a week of time. I am happy with the Shriram city union finance limited. Responsiveness is good one with the Shriram city union finance limited.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 28, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The website of Bankbazaar.com was very easy for navigation I found lot of good options which was easy for me compare to others in the digital market it was been for the past four years I know about the service of Bankbazaar.com it was totally a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The website of Bankbazaar.com was very easy for navigation I found lot of good options which was easy for me compare to others in the digital market it was been for the past four years I know about the service of Bankbazaar.com it was totally a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2017
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The rate of interest offered by hdfc for my car loan service was higher compare to other banks in the market also the customer service was prompt but I have some personal reasons for cancelling my loan process further it was totally a good experience with hdfc car loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2017
    • Union Bank of India Car Loan
      "Good services"
      0.5 4.0/5 "Great!"
      Union Bank of India is pretty good and they were very fast in the process for the car loan. I got the loan within three days. It was a very comfortable process. The rate of interest is good and the charges is also normal. The after loan services is also good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was a excellent experience with Bankbazaar.com I have been know about Bankbazaarcom recently I applied with Bankbazaar.com website for the first it was very easy to use with lot of valuable information it was totally a awesome service from Bankbazaar.com.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2017
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      HDFC car loan service was good but I have some difficulty in submitting the documents which they asked for processing my loan process the interest rate they offered me was 12% which was fine compare to others also I am very happy about the customer service of hdfc it was awesome experience with hdfc for my car loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2017
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