If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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% - 10.35% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    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.5,000 Amazon Voucher 100% financing on car value
    What you'll love
    Documents
    Perks
    Think about
    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.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    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
    Documents
    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
    Documents
    Perks
    Think about
    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
    Documents
    Perks
    Think about
    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
    8.40% - 13.25% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 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
    Documents
    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
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • New Delhi Car Loan is Rated as "Great!" by 3808 Users
    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 20 Jan 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

    • Bank Bazaar Car Loan
      "Satisfactory & Excellent website"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar service is absolutely flawless. It was on time and the process was very simple when compared to the banks. The customer service and response was very good. I have used the mobile application, the options are simple and very user friendly. I had recommended this site to my friends.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Capital First Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am satisfied with the Capital First service. The rate of interest was normal. I have purchased i10 car and took a loan of 1.5L. The executive came to my place and collected the documents. The customer service and response was excellent. I have to pay monthly installment around 5000 rupees.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Bank Bazaar Car Loan
      "Good platform"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a very good platform for all the financial Product. The customer service and responsiveness was up to the mark. I have tried using the tools like EMI calculator and credit score option which was amazing. Their website was very easy to navigate and user friendly .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my car loan with ICICI bank 3.15 lakhs and the Interest rate was 8.6% which was average In the market. The loan process was really good and they have provided door step service for collecting document,.My overall experience was excellent and Its recommendable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Bank Bazaar Car Loan
      "Satisafctory"
      0.5 4.5/5 "Excellent!"
      I have taken my car loan with BANK BAZAAR. The customer service and responses was up to the mark. They have approved with in a week and the executives were helpful. The website was user friendly and easy to navigate. My overall experience was satisfactory.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Capital First Car Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have my car loan with CAPITAL FIRST and I have taken 2.50 lakhs .The rate of Interest 13% was average in the market. The tenure period was 3 years and they have delayed the process . My overall experience was not bad and I would like to recommend this institution to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a car loan with Hdfc the rate of interest they offer me was 9.5 which is little high compared to other banks in the market. The customer support was good,the documents have been collected from my door step for my Swift Dzire vxi petrol car ,they offer me 5 lakhs as a loan amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 11, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with ICICI bank.the loan amount is 4.50 lakhs,rate of interest is nominal as compared to others.I have completed my loan EMI.The loan was processed without processing fees and additional charges.I submitted documents to process the same.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 04, 2018
    • HDFC Bank Car Loan
      "Good bank for car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from HDFC bank. The approved loan amount was 10 lakhs. The rate of interest is 8.5 %. the monthly EMI which have to pay back to the bank is 15912. the total tenure is for 7 years. The processing fee is 3000. Did not ask for much documents as i hold my salary account with HDFC.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 03, 2018
    • Bank Bazaar Car Loan
      "Comfortable service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar offers the best financial service.They gave good response at the time of submitting my application for car loan. They gave regular follow up and the process was comfortable. Bankbazaar.com website is very good it is also customer friendly. In short i would say bankbazaar.com site is very easy and very much approachable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 03, 2018
    • Capital First Car Loan
      "Car loan from Capital first"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan from Capital first. The approved loan amount was 2 lakhs 38 thousand. The rate of interest is 13 percentage. The monthly EMI is 8000 for 3 years. The processing fees was around 9000. The experience was good with capital first.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 03, 2018
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest offered by Hdfc bank car loan department was 10.5 % which was comfortable for me,the process was on time. The documents have collected from my door steps ,it was totally a excellent experience with Hdfc car loan department.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 03, 2018
    • HDFC Bank Car Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      it was a good customer service from the HDFC Bank side as i took a car loan from there . the bank gave me a full approval on the amount i asked for . The money got Disbursed in a week time , The rate of interest was 13.5% and the processing fee 3K . The bank gave me a Pre closure and part payment is there are charges for that .
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 27, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience with ICICI bank was good, the loan amount was for Rs 4 lakhs and the rate of interest was 9.0% which is nominal when compared to all other banks. The process was smooth and i received my loan amount within 15 days. Customer service was good and they followed up correctly. The tenure of the loan is 4 years and there are no charges on preclosure and part payment.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 27, 2017
    • Kotak Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with Kotak Mahindra Bank was good, i have taken loan for Rs 3 lakhs with the rate of interest of 14% which is high when compared to all other banks. The process was very smooth and i received my loan amount within 1 week. Customer service was good, they provided door step service for document collection and they followed up correctly. The loan amount was based on on-road price and tenure of the loan was 4 years, There is no additional charges on preclosure and part payment.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 26, 2017
    • SBI Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan with SBI and it was a good loan experience, the loan amount was for Rs 4 lakhs with the rate of interest of 11% which is nominal when compared to other banks. Customer service was very good and they provided door step service to collect the documents. The process was very smooth, the loan amount was disbursed within 10 days and the tenure of the loan is 5 years.
      Was this review helpful? 9
      , new delhi
      Reviewed on Dec 26, 2017
    • Axis Bank Car Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I have chosen Axis Bank for my car loan because the charges are low. It was taken before six months. They provided a faster service for my car loan. The customer service and response was good. The rate of interest was 9% and they charged approx 1200 rupees as a processing fee.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 20, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I have applied for a Car loan with ICICI bank.The loan amount i requested for is 3 lakhs however i received only 1.60 lakhs am not happy with the loan amount as expected more otherwise the response was good they had processed immediately.The payment is done through an ECS.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 20, 2017
    • HDFC Bank Car Loan
      "Car loan with HDFC"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC bank. The approved loan amount was 10 lakhs 50 thousand. The monthly EMI comes around 31000 with a rate of interest of 10.25%. I have opt for a tenure of 5 years. The documentation process was really good and they have waived off the processing amount.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 14, 2017
    • HDFC Bank Car Loan
      "Hassle free service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from HDFC. The approved the loan amount was 3.9 lakhs. The monthly EMI which i had to pay back to the bank was 6880. The tenure which i have chosen was 5 years. Its a less documentation process. The service was hassle free.
      Was this review helpful? 3
      , new delhi
      Reviewed on Dec 14, 2017
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