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 31 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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    13.1% - 15% Fixed
    1999
    50K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    Good to Know
    Eligibility Criteria
    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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    Perks
    Think about
    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 100% financing on car value
    What you'll love
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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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    Perks
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    Eligibility Criteria
    8.75% - 8.80% Fixed
    3,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Think about
    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
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    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.75% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Good to Know
    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
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  • New Delhi Car Loan is Rated as "Great!" by 3914 Users

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    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 21 Sep 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

    • 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? 0
      , 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? 3
      , 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? 0
      , 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? 0
      , 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? 1
      , new delhi
      Reviewed on Sep 07, 2018
    • Capital First Car Loan
      "Good in all"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan with Capital first. The customer services are good and they are responsive as well. The rate of interest is around 11% and the processing fees is taken too. I have purchased a Honda City. Overall it has been a good experience.
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 07, 2018
    • Karnataka Bank Car Loan
      "Best Banking sevice"
      0.5 5.0/5 "Blown Away!"
      Got my car loan from Karnataka bank , where the rate of interest is promising one They took few days for approval and documentation. Where i use to pay monthly through ecs . And there is no processing fees.Overall am satisfied with Car loan from Karnataka bank
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 04, 2018
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with SBI 2 years back. The loan amount was 4,70,000 and the in the tenure period was 7 years . Their customer sere and responses was sup to the mark. They haves sanctioned the loan with the committed time, and the processing fee was also nominal.
      Was this review helpful? 6
      , new delhi
      Reviewed on Aug 30, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan form the Hdfc bank. Its been long time and i have closed the loan . They have given nominal rate of interest which am satisfied with it. There is no processing fees with tenure period of 60 months .They took just 1 week for the approval of the loan . Am satisfied with the my car loan from the sbi.
      Was this review helpful? 4
      , new delhi
      Reviewed on Aug 25, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My car loan was taken with HDFC BANK 2 years back. The loan amount was 3,40,000 and the interest rate was good and the tenure period was 4 years but i have pre closed it . There is no charges for pre closer here and it can be done only after 1.5 years .I had a smooth loan process here.
      Was this review helpful? 5
      , new delhi
      Reviewed on Aug 24, 2018
    • Kotak Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with Kotak Mahindra bank, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. The tenure period was for 5 years but i preclosed the loan in 3 years, there was no additional fee charged.
      Was this review helpful? 7
      , new delhi
      Reviewed on Aug 17, 2018
    • Bank Bazaar Car Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have been using BANK BAZAAR services for past 3 month . I came to know about this website through online when i was searching for credit card even i use to search for loan . Customer service is good and they responded on time . So far my experience is good with BANK BAZAR.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 14, 2018
    • Capital First Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan from CAPITAL FIRST and my loan experience was good. My loan amount is 510000 and interest rate is 13.5% and it is satisfactory.There is no hidden charges. I used to pay EMI per month and tenure period is 3years. I am satisfied with customer service. Processing fee is 14300 and it is nominal in the market. There is an option for preclosere and it is 5% on loan amount .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 14, 2018
    • HDFC Bank Car Loan
      "good"
      0.5 4.0/5 "Great!"
      I have taken car loan with HDFC BANK and my loan experience was good. My loan amount is 400000 and interest rate is 10% and it is satisfactory.There is no hidden charges. I use to pay 11236 as EMI per month and tenure period is 3years. I am satisfied with customer service. Processing fee is 1% and it is nominal in the market.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 12, 2018
    • Bank Bazaar Car Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      The process at Bankbazaar is good and there are no issues in the process. The team contacted me on time and informed me all the details. The website is also easy to use and understand. There were follow up calls as well. The website is also easy and hassle free.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 10, 2018
    • ICICI Bank Car Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      My car loan is with ICICI Bank. The process is good and the bank collected my documentation on time I also got the loan without any delay. The interest rate is around 8.95% and the processing fees is a bit higher. I have purchased a Wagon r and the tenure is for five years.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 10, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with SBI, the loan amount was based on my requirement ad the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. The tenure period was for 5 years but i preclosed in 2 years. There are no additional charges on preclosure.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 07, 2018
    • YES Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with YES bank and my loan experience was very good, the car model is Vitarra Brezza and the loan amount is Rs 6.7 lakhs with nominal interest rate and no processing charges. The tenure period for this loan is 5 years and the customer service was good.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 31, 2018
    • Axis Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a Car lon form the Axis bank for 7 lacs, I got the offers from Axis bank applied for it. The loan was sanctioned with in 2-3 days. The rate of interest was also comparatively low with other banks. It was a good car loan experience with the Axis bank.
      Was this review helpful? 7
      , new delhi
      Reviewed on Jul 27, 2018
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