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New Delhi Car Loan Reviews

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Car Loan

"Good"

0.5 4.0/5 "Great!"

I have got the car loan with the Kotak mahindra bank and the response is very good. The loan amount got disbursed within twenty four hours of time. They have provided around 90% of cost of car as loan.

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SUDHANSHU RUKMANGAD , new delhi
Reviewed on Sep 24, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

Bankbazaar.com is good one for me and am using it for the first time. Service aspects with the Bank bazaar.com. Online portal of the Bank bazaar.com is easy to access, also all details very affirmative,customer service was really prompt after applying online website

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MANOJ SHARMA , new delhi
Reviewed on Sep 23, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

HDFC bank did contact me, after I had applied for a car loan. I could not proceed ahead because I bought a second hand car and later after Diwali iam planning to buy a new car Not sure on the interest rate as I did not go to that level of discussing details with them if i had to take loan amount it would have been 5 to 6 lakhs.

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MANOJ SHARMA , new delhi
Reviewed on Sep 23, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

I maintain a good relationship with the HDFC bank. They are very cordial and customer centrist. Whenever I approach them for a query, they are supportive as well. I had taken a car loan and it was a smooth process with a fantastic rate of interest It was sonata car and ther ROI was 13% and tenured was for 3 years.

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PAWAN KUMAR KAKKAR , new delhi
Reviewed on Sep 23, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

The response was on time and they followed up very well right through the process and this was my 1st experience in bank bazaar,Bankbazaar is very professional in the customer services. . The website is good and very much easy to browse through, all the details are mentioned in site.

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PAWAN KUMAR KAKKAR , new delhi
Reviewed on Sep 23, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

My experience was good one with the Dena bank for the car loan , I would like to say that everything were done in the positive way with them , but unfortunately I had some payment default issues because i have met with an accident earlier so i was hospitalized but bank refused to give me the loan but Iam ok with the bank

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PAWAN KUMAR KAKKAR , new delhi
Reviewed on Sep 23, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

I received a good response from Bank bazaar. I am happy with that and its the good experience. I was taken care by bank bazaar executive and they only handled the full process , so I dont know much about that process i have not availed anything from bank bazaar yet.

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PRAVEEN KUMAR S BOGAR , new delhi
Reviewed on Sep 23, 2017
Car Loan

"Good one but rate of interest is high"

0.5 2.0/5 "Expected more"

ICICI bank car loan process was pretty descent. The rate of interest charged by ICICI bank was very high and processing fee charged by them was okay. Customer service offered by ICICI was very good. Not sure about the prepayment option also I had not submitted the documents to ICICI Bank till date.

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SYED INTIK HAB ZIA , new delhi
Reviewed on Sep 23, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

Two years ago the car loan was pretty slow and Kotak Mahindra bank collected several papers. At that point of time service was good and interest rate was 12%, I guess. I have taken the loan amount of 3 lakhs for 3 years in 2015 last months i have completed the loan

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VINAY KUMAR , new delhi
Reviewed on Sep 22, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

It was a good experience with Kotak Mahindra for the car loan. The services was good. They were very quick. The loan got approved within a day. It was a fast process. They rate of interest offered was pleasing also the processing charges. They also never had a charge for the preclosure option. It was a good benefit I was looking for.

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VINAY KUMAR , new delhi
Reviewed on Sep 22, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

On my loan application, I got proper response from bankbazaar. The moment when I visited their website for the loan. It was easy to apply for the loan on their website. They are very prompt in processing the application and they forwarded it to the bank.

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VINAY KUMAR , new delhi
Reviewed on Sep 22, 2017
Car Loan

"SATISFACTORY"

0.5 3.0/5 "Satisfactory"

The experience with ICICI bank was pretty disappointing. As they did not respond properly when I applied for a car loan for that's why I have opted car from kotak the once the response was okay later they did not turn up that is why I was not satisfied with them.

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VINAY KUMAR , new delhi
Reviewed on Sep 22, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

This is the first time I have accessed this bank bazaar. The customer service offered by bank bazaar is really good and they have made very good follow up. I have applied car loan through bank bazaar mobile app which is easy to use and user friendly also I am completely happy with bank bazaar service.

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BATAKRISHNA SWAIN , new delhi
Reviewed on Sep 21, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

For my car loan requirement, DENA bank supported well and they provided a very good service for the loan. I do not have any complaint with the bank at any point of time, everything went good with them. Moreover, customer service is excellent actually I needed a car in my home town but I was staying in a different city so this was the reason

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BATAKRISHNA SWAIN , new delhi
Reviewed on Sep 21, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

Bank bazaar.com is good one for me and am using it for the first time. Service aspects with the Bank bazaar.com. Online portal of the Bank bazaar.com is easy to access, also the responce was very accurate and quick from them.

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AJAY KUMAR , new delhi
Reviewed on Sep 21, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

I applied car loan from icici bank. This process was also smooth and it was completed as per my requirement. The rate of interest and charges was not discussed and they where not ready to provide commercial vehicle so I have postponed the plan , I did not face any hassles and it was a good overall

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AJAY KUMAR , new delhi
Reviewed on Sep 21, 2017
Car Loan

"Satisfactory"

0.5 5.0/5 "Blown Away!"

A good job done by Bankbazaar. The team was on time from the moment they received my details till the end of the process. The customer services was good and there are no hassles as such because they made my job easier to get my loan through. The website is also good.

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NAVEEN KUMAR , new delhi
Reviewed on Sep 21, 2017
Car Loan

"Nice experience"

0.5 5.0/5 "Blown Away!"

My car loan is with HDFC Bank and the process is on time. I got the loan within three to four days. The customer services was good and they are very responsive. The interest rate was of 9% and I am also comfortable with the processing charges. A fantastic process overall.

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NAVEEN KUMAR , new delhi
Reviewed on Sep 21, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

It was an excellent service from BANK BAZAAR,even the representatives and customer were very helpful and responsible during my loan process . Interest rate was also okay compared to the market value ,everything was fine never had any queries in their service overall the service was good

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KULDEEP SINGH , new delhi
Reviewed on Sep 21, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

I have not taken the car loan with the icici bank because I have already applied with some other services. I would like to say that the services with the icici bank is really good and the rate of interest was not aware because it was discussed and idea of taking the loan amount was 3 lakhs.

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KULDEEP SINGH , new delhi
Reviewed on Sep 21, 2017

New Delhi Car Loan is Rated as "Great!" by 3455 Users

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New Delhi Car Loan

Mr. Sharma was tired of taking a cab every day. We helped him get his own car. Explore Car Loans

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.

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

At least 21 years old

Less than 67 years old

New Delhi Car Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

Earn more than the minimum
income required

Check if you’re eligible >>

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

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

New Delhi Car Loan Maximum Loan to Value

Loan capped @
85% Ex-Showroom price

EMIs of other loans lower
your eligibility

Check how much you can borrow >>

Increase your eligible New Delhi Car Loan amount by these steps

New Delhi 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 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

Apply now >>

New Delhi Car Loan Interest Rates_{Updated on 26 Sep 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

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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.

Hit the road in a new set of wheels with our low-interest Car Loans. Get set, vroom!Explore Now

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 :

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.
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.
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.
IDBI Bank - It is a public sector company incorporated in 1964 with it’s headquarters in Mumbai. It has one main office in Delhi.
Oriental Bank of Commerce - It is a Indian government-owned bank established in 1943 and has about 16 branches all over Delhi.
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.
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 :

Compare multiple bank offers from ICICI Bank, Axis Bank, HDFC Bank and more, in simple, non-time consuming steps, online.
Get quotes and e-approvals instantly on BankBazaar.com.
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.
Easy online procedures - no need to visit bank branch directly.
Loans are disbursed quickly and efficiently with our assistance.

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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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