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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% - 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 100% PAPERLESS APPROVAL
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    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 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
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    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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    8.75% - 8.80% Fixed
    3,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
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    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time : Within 30 minutes
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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
    Rs.2,500 Amazon Voucher
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    Eligibility Criteria
    8.40% - 13.25% 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
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Perks
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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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  • New Delhi Car Loan is Rated as "Great!" by 3870 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 23 May 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

    • SBI Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the SBI, all the aplication and documentation was done at the branch. I got the loan credited to my account with in a span of seven day. The whole process was smooth and hassle free. I never had any issues with their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. Customer service was good and the tenure for this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2018
    • HDFC Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The response part was quick and fast from the HDFC bank . They were about to approve the car loan , but I have denied it , due to some personal reason, other than that the car loan service was quite good from the HDFC bank. The car loan interest rates need to be reduced and they need approve it as per the customers requirement.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 16, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. My loan was approved based on the ex-showroom price. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 15, 2018
    • Axis Bank Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have taken this loan a very long time back and it has been closed now. I overall had a very good experience banking with them. There was nothing special in the fees and charges and the rate of interest, it was as per the market rates and it was normal. Even i was satisfied with the loan amount and the premium amount which they had provided me.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience banking with them so far, i can say they are not up to the mark where all the services which they have been providing is average. During the process of taking this loan they have collected the documents at the door steps which was convenient.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • Bank Bazaar Car Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I have not received the value added service other than that the follow up and the response was good. The website is much easy to use. The options available with the website was really comfortable. Best part being, we have an option here to compare all the banks under one roof.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • HDFC Bank Car Loan
      "HDFC car loan"
      0.5 4.0/5 "Great!"
      I have taken a car loan from HDFC bank and the approved loan amount was 5 lakhs. The rate of interest was around 9%. I have negotiated with the bank to reduce the rate of interest but it does not work. The monthly emi is 10500 for tenure of 5 years.There was a processing fee. The disbursal of the loan amount was late.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • HDFC Bank Car Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      I took two car loans from HDFC, the disappointing experience with the HDFC bank is that even after the closure of the loan they weren't able to provide me with the NOC which is absurd. The loan application process was easy and hassle free. Their follow up part is not so good.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 11, 2018
    • Axis Bank Car Loan
      "Good Service no Follow up"
      0.5 3.0/5 "Satisfactory"
      I took a Car loan from Axis bank which was almost 29 Lacs. The whole application process was good, and the agent helped me to get the loan sanctioned. Even after such a huge transaction, they never followed me up regarding any promotions and gift vouchers which is very frustrating.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 11, 2018
    • Ford Finance Car Loan
      "Quick Service "
      0.5 4.5/5 "Excellent!"
      I took a car loan of 5 Lacs from Ford Credit. The application process was smooth and fast. I pay monthly 12000 the documentation was hassle free I got the loan just after 4 days of application which was quick. Overall it was a quick loan experience with Ford Credit.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 09, 2018
    • HDFC Bank Car Loan
      "Better service"
      0.5 4.5/5 "Excellent!"
      My experience with HDFC bank for car loan was very good, the loan amount was sufficient and the rate of interest was nominal when compared to other banks. Documents were collected on time and the customer service was good. This is a new car with the tenure period of 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 19, 2018
    • Kotak Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra Bank has offered me car loan and it has been a excellent experience. I got the loan in three days. They offered me a outstanding rate of interest of 8.25% and there was no processing charges. The customer services and response is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 11, 2018
    • Axis Bank Car Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      Axis Bank was also good in the process for the car loan. I have also closed the loan. I had no hassles to get it and the process was smooth and easy and the documentation was also good. The interest rate and charges was also normal. I did not have issues overall.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 11, 2018
    • HDFC Bank Car Loan
      "Can be more quick in the process"
      0.5 4.0/5 "Great!"
      I have taken my car loan earlier with HDFC Bank. The processing time is long and they need to work on that. It took them a month to process the loan. The loan was disbursed as needed, but it was a delayed process. The bank can be more quick to collect the documents too. The rate of interest is normal and there was a processing fee.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 10, 2018
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with HDFC bank 4.5 years back. The loan amount was 2,96,000 and the interest rate was bit high than other banks.The tenure period was 5 years . They have provided door step service for collecting documents . The customer service and responses was up to the mark. My experience was really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 09, 2018
    • Kotak Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Kotak Mahindra bank and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. My loan amount was based on the on-road price. Customer service was good, they responded on time and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 02, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC bank and my experience was very good. The loan amount was for Rs 4.5 lakhs with nominal interest rate when compared to other banks. The process was smooth and i received my loan amount on time. Customer service was good and they followed up correctly. My loan was based on the on-road price and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 24, 2018
    • SBI Car Loan
      "Smooth process"
      0.5 4.0/5 "Great!"
      My car loan is with State bank of India. The customer services and response is good and the process is also smooth. The rate of interest and processing charges is normal and I closed the loan as well. The after loan services were also good and smooth.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 19, 2018
    • SBI Car Loan
      "Below average service"
      0.5 2.0/5 "Expected more"
      STATE BANK OF INDIA was kept on deducting the car loan EMI even the tenure got closed and after I have raised the complaint they have refunded my money. The process dont have any transparency with the STATE BANK OF INDIA . I have the got the car loan from STATE BANK OF INDIA with the tenure of 7years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 15, 2018
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