Loading your search...

New Delhi Car Loan is Rated as "Great!" by 3590 Users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Car Loan BYTES FROM OUR KITCHEN

Write Review

Click here to
Check your Eligibility!

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.

Search for loans >>

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 19 Oct 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

Search for loan >>

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.

Check For Latest: Gold Rate in Delhi Or Silver Rate in Delhi

Get IFSC Codes from New Delhi City

GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

Disclaimer

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.

Car Loans from Top Banks

Car Loan by Banks

Car Loans by City

Car Loan Offers

Car Loan Customer Care by Bank

Car Loan Articles

Car Loan Eligibility by Bank

Car Loan Institutions

Car Dealers

Car Loan EMI Calculators By Bank

Car Loan Interest Rates by Bank

Car Prices in India

Used Car Loan by Banks

Car Loan Tools

New Delhi Car Loan Reviews

Write a Review

Car Loan

"Good service"

0.5 4.0/5 "Great!"

Bank bazaar service was good because they give better response to the customers. The website of bank bazaar is easy to use and customer friendly. I would say I am happy about the bank bazaar service because they are giving very good service to the customers.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

MAHAR NAZIR , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good service"

0.5 4.0/5 "Great!"

The service which was given by HDFC bank was good in regards to my car loan. The rate of interest and the charges were nominal when compared with others. The customer support was good with HDFC bank . I am satisfied with the HDFC bank service...

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

MAHAR NAZIR , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good"

0.5 5.0/5 "Blown Away!"

This is the first experience with Bank bazaar. The website is very user friendly and easy to understand. The customer service and responses was satisfactory and immediate. They will check first, what I can afford based on which they provide a solution . I would like to recommend to others.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

SARABJIT SINGH , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good response"

0.5 4.0/5 "Great!"

I have approached Dena Bank for my car loan through online channel. I had a good response from the bank side. Later they informed me the credit score was low so they cannot process the loan further The rate of interest was nominal and satisfied.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

SARABJIT SINGH , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Very good service"

0.5 4.0/5 "Great!"

Within 2 days of time the SBI has disbursed my car loan . The customer support is good with State bank of Interest. The rate of interest is nominal with sbi when compared with others. The required loan mount has been disbursed and I am satisfied with it.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

ASHOK KUMAR DAHIYA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Very good service"

0.5 4.0/5 "Great!"

I came to know about bank bazaar very recently, because I have started using it very recently. I used bank bazaar mobile application which is easy to use and user friendly. The customer support was prompt from bank bazaar . I am satisfied with bank bazaar service.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

ASHOK KUMAR DAHIYA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good service"

0.5 5.0/5 "Blown Away!"

The charges and fore closure charges are very high with HDFC bank when compared with SBI ,so that was the reason I haven't got the loan from HDFC bank .The customer support is good with HDFC bank. The rate of interest is same when compared with others.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

ASHOK KUMAR DAHIYA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good service"

0.5 5.0/5 "Blown Away!"

The bank bazaar response is very quick and fast. The customer support is prompt with bank bazaar team. I know bank bazaar for past 1 year. I use the bank bazaar website which is easy to use and user friendly. I am happy about the bank bazaar service.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

PRATIK CHOPRA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good website"

0.5 5.0/5 "Blown Away!"

I know bankbazaar.com from last 3 months, Bankbazaar provides one of the best services when compared to all other banking websites. The customer service is excellent, i got a call immediatly after applying for a credit card. The website is easy to navigate and it is user friendly.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

VIKAS YADAV , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Average service"

0.5 3.0/5 "Satisfactory"

The rate of interest is high with Capital first when compared with others bank, so that was the reason I haven;t got the loan from capital first. The response part was good with Capital first. The rate of interest need to be decreased with capital first.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

PRATIK CHOPRA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good customer service"

0.5 5.0/5 "Blown Away!"

I have applied for the car loan from CAPITAL FIRST, my loan application was closed because there was no requirement of loan as of now. When it comes to customer service, it was good and they were in touch all the time, they contacted frequently. The rate of interest was satisfactory.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

VIKAS YADAV , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Customer friendly and people are helpful"

0.5 5.0/5 "Blown Away!"

The minute I contacted bankbazaar I got a prompt response from them in the next few minutes. Had I approached the bank, I would not have got this much of response. I had used the tools online. Infact I had checked my credit score option online at free of cost which is very much useful and easy, where as, it is costing me if I check my credit score through some other source.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

TARUN NEGI , new delhi
Reviewed on Oct 17, 2017
Car Loan

"My experience"

0.5 5.0/5 "Blown Away!"

Service was the best with HDFC Bank for the car loan, also their representatives were kind enough in providing service. Actually, this is the first time I had contacted them, I am planning to buy the car later. Therefore I had dropped the plan i have changed the car model too. I am sure about the interest rate and processing fee charged by them. Their representatives confirmed that the bank was able to provide 100% of the ex showroom price.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

TARUN NEGI , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Its fine"

0.5 4.0/5 "Great!"

Well, I have some other plans and that is why I gave up the idea of taking the car loan from HDFC Bank. Interest rate and processing fee charged by HDFC Bank was good. Basically , I had postponded the program me of taking the car loan from HDFC Bank.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

BIJU VIJAYAN VIJAYAN , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good website"

0.5 5.0/5 "Blown Away!"

I know bankbazaar.com from last 3 to 4 months, Bankbazaar provides good services when compared to all other banking websites. The customer service is good and prompt. I use mobile application, it is easy to access and it is user friendly and I did not face any issues while visiting the website.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

HIMANSHU HIMANSHU SONI , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good customer service"

0.5 5.0/5 "Blown Away!"

I have applied for the car loan from ICICI bank, my loan application was rejected as i did not have proper documents. The customer service was good and they were responsive, they did not proceed without the document verification. The rate of interest is a bit high when compared to all other banks.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

HIMANSHU HIMANSHU SONI , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good service"

0.5 4.0/5 "Great!"

I have placed an online request on my car loan through website. They called me after 2 to 3 working days. I use mobile application, which is user friendly.The EMI calculator option is normal because it varies according to the rate of interest, we cannot predict the rate of interest.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

JEEVAN PAULUS EKKA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Rate of interest to be reduced"

0.5 5.0/5 "Blown Away!"

Actually I was looking for a car loan in Kolkata branch since its my home town and I was working from New Delhi. My father has applied through Kolkata branch so I have cancelled the application. The rate of interest was too much high, around 11 or 12% where other bankers can offer 8 or 9%

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

JEEVAN PAULUS EKKA , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Good website"

0.5 4.0/5 "Great!"

I know bankbazaar.com from last 2 years, Bankbazaar provides good services when compared to other banking websites. It helped me to choose the right product. The customer service is good and prompt, i use bankbazaar website, it is easy to access and it is user friendly.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

MANOJ KUMAR , new delhi
Reviewed on Oct 17, 2017
Car Loan

"Average service"

0.5 3.0/5 "Satisfactory"

I have applied for the car loan from HDFC, my loan application was closed because i planned to take the car loan after 6 months, The customer service was good, they called frequently to followup and when it comes to rate of interest, it is very high when compared to other banks.

Was this review helpful? 0
Thank you for your vote

Thanks, you've already rated this review

MANOJ KUMAR , new delhi
Reviewed on Oct 17, 2017

Talk to us!