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 34 New Delhi Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.1% - 15% Floating
    0
    20K - 10L
    1-5 Years
    Response Time Within 30 minutes
    Ad Rs.2,500 Amazon voucher free Paperless approval option available
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    Eligibility Criteria
    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
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    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    9.15% - 11.6% Fixed
    Up to ₹5,150 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free PAPERLESS APPROVAL OPTION AVAILABLE
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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 free 100% financing on car value
    What you'll love
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    Good To Know
    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
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    12.25% - 13.99% Fixed
    Up to ₹4000 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
    What you'll love
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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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
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    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Eligibility Criteria
    8.90% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
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    Perks
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  • New Delhi Car Loan Reviews

    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      The services Bankbazaar has been very much satisfactory and the response has been really good too. This was very first experience in bank bazaar. and I came to know about bank bazaar via goggle. The website is good and overall I can say it I had no difficulties to get details of the banks and their deals.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Due to personal reasons I could not proceed with Axis bank for the car loan. I got a proper response and follow up from the bank checking about my requirement. The loan amount I have applied for 4.5 lakh In all it was a smooth experience.No hassle faced.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2017
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had received good response from HDFC bank towards my car loan application. I had been contacted by the bank for the loan and they provided the required information for the same. Rate of interest they have offered is 9% the loan amount I had opted for 3.50 lakhs and they have not charges any processing fee nor any charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is truly the best, they were giving immediate response and there was a proper coordination between the customer and Bank. I appreciate their way of approach. I am really satisfied with Bank Bazaar service. The web page is easy to check the bank quotations without any inconvenience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      Axis bank charges very high interest rate in concern to the car loan product, that was the reason , I haven't got the loan with Axis. In the other hand they gave good response and better follow up on my car loan application. But for sure will not recommend this loan to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good Process"
      0.5 4.0/5 "Great!"
      Bankbazaar website is easy to handle and it is informative. Bankbazaar provided a good service when I contacted them to process my loan application. They are good in response and they forwarded my application to the bank with an immediate effect.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2017
    • Capital First Car Loan
      "Good Response"
      0.5 3.0/5 "Satisfactory"
      When I was planning to get the car loan I approached Capital First. One guy from Capital first coordinated with me. But the problem was I could nor produce certain document to avail the loan. Hence I closed my application. But now I have arranged the documents and planning to get the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      It was a on time process with Bankbazaar.com as I got all the details and I am happy with the whole process. The website was easy to register with and the options on it was also helpful. The follow up calls was pretty much helpful and in all a very good experience and with in the same day I received the call from them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I was looking to buy a commercial vehicle and since bank said I am not eleigble for this loan bank did not offer the car loan for this purpose, I could not go ahead for this loan. The response was on time and the interest rate and processing charges no idea about it. I cannot comment nor recommendable as I had not used their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I was looking out for a car loan, I was doing a web search through online advertisements. I got to know about bankbazaar basically through advertisement. I would say bankbazaar is very much helpful to compare and choose the best in the market. Bankbazaar web portal is very much easy to use and user friendly. I am sure that I got the best service from bankbazaar.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2017
    • ICICI Bank Car Loan
      "Overall package is good when its open its not up to the mark"
      0.5 3.5/5 "Pretty good"
      The interest rate levied by ICICI bank is slightly higher than the normal one. One of my friend has got a Baleno car with a higher interest rate, but he is paying less interest rate also the EMI options need to be more transparent with ICICI bank. I got the loan within a week's time. The required loan amount was disbursed by ICICI bank on time. Even I cannot compare the processing fee as I don't have any prior experience and this happened to be my first experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Nice"
      0.5 4.5/5 "Excellent!"
      Nice experience, I am feeling great I think everyone should try bank Bazaar.com, I had a very nice experience with it, m trying to purchase a old car and I think I will get it very soon Thanks to the team of Bank Bazaar Com I got the response very quickly...
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 19, 2017
    • Kotak Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Kotak Mahindra interest rate is okay its not too good, I have taken car loan before three years. My loan amount was around Rs. 3.5 lakhs for the tenure of three years. They have approved 90% of loan on the car value, Kotak Mahindra doesn't have an option to make a part payment but can do preclosure with some charges applicable.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Overall good experience with bank bazaar, I got immediate reply and satisfied with the services Very happy to see such things, I had got a call from bank bazaar team within a short span of time and got the solution from team The mobile app is good. It is very user friendly. It is very easy to access.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 17, 2017
    • Capital First Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Capital first provided a good response on my car loan when I applied with them. Their customer service is really helpful The response was prompt though and they informed me the details as well I did not proceed ahead for car loan from CAPITAL FIRST because I had postponed myself later, I will think about it.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 17, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Everything was fine with Bankbazaar. The moment I applied for the loan on bankbazaar website, I received good response and they processed the loan application with the bank. I got calls and updates from bankbazaar. The website is kind of easy to navigate.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 15, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      AXIS car loan process was good, they gave quick response on my application the loan amount I have applied for 4.5 lakhs approximately. I actually applied for commercial car, but the bankers end they informed me that loans will be provided only for private purposes no further discussion on ROI.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a good deal from State Bank of India for the car loan. I got a rate of interest of around 8.50% and the process was also smooth. They have responded well on my car loan application they gave polite service My loan amount was Rs.5 lakhs for the tenure of four years and the processing charges were around rs1150.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      The services provided Bankbazaar was very good and I had no issues in the process. I was contacted on time and given all the details and the follow up calls was also done on a regular basis. I have no idea about website or mobile app because on behalf of me my son has completed all these details for me.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
    • HDFC Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I found that the HDFC bank is not that good in terms of interest when compare to other banks. For the car loan, the bank had offered 9.50% where SBI banks offered 8.5%. Also the customer service and responsiveness are good with HDFC bank. I do not have any issues with HDFC till date.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
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    New Delhi Car Loan is Rated as "Great!" by 3188 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    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 26 Jun 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

    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
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