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New Delhi Car Loan Reviews

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Customer Support

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

Bank bazaar customer service is very good and The bank bazaar is the best portal where we can choose the products. The bank bazaar web portal is easy to use and user friendly. The bank bazaar gave very satisfied service the response was very quick.

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LAXMAN RAM , new delhi
Reviewed on Aug 18, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

The customer support executive of ICICI bank was very helpful I was given all the information about the car loan, loan amount I have applied 3.75 lakhs with 2500 rupees processing fee and the tenured is for 5 years of time They are very good in the service and response

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LAXMAN RAM , new delhi
Reviewed on Aug 18, 2017
Customer Support

"Excellent"

0.5 5.0/5 "Blown Away!"

Bank Bazaar have helped me to get in touch with the bank partner instantly,The customer service and the response is really helpful in concern to my car loan. The Immediate response was provided, when we apply for any kind of product through bank bazaar.

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GAURAV R GAURAV , new delhi
Reviewed on Aug 10, 2017
Car Loan

"Excellent"

0.5 5.0/5 "Blown Away!"

I preferred capital first for my car loan requirement. Also I approached them through bank bazaar. On my loan application, I had received good response. They contacted me properly and provided the information for the loan process. I do not have any issues with Capital first

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GAURAV R GAURAV , new delhi
Reviewed on Aug 10, 2017
Customer Support

"Proper Service"

0.5 5.0/5 "Blown Away!"

I got proper intimation from bankbazaar during the loan process. They updated the status of the loan application via sms, mails and calls. For the loan process, I had received a proper service. And their website is very much useful to check the details about the loan.

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JAWAHAR LAL , new delhi
Reviewed on Aug 09, 2017
Car Loan

"Good Customer Service"

0.5 4.0/5 "Great!"

I am happy for the interest rate with HDFC bank. Recently I availed car loan from the bank and the process was simple and everything went smooth with HDFC bank. The bank provided a good service throughout the loan process and I got good customer service as well.

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JAWAHAR LAL , new delhi
Reviewed on Aug 09, 2017
Customer Support

"Good Service"

0.5 4.0/5 "Great!"

Mobile app is a kind of easy to handle and there are no issues with them,The services at Bankbazaar has been good and the overall experience was nice. I liked the response as they were on time to contact me and give me details and also follow up were for the same.

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PRIYANK RANA , new delhi
Reviewed on Aug 08, 2017
Car Loan

"RATE OF INTREST HIGH"

0.5 1.0/5 "Really Bad"

Since I have postponed my plan in buying the vehicle because the rate of interest was high compare to other banks . I did not go ahead with ICICI bank for the car loan. The customer services are good and they have responded well. It was a timely process. Over all it was good and i applied for 6 laksh rupees loan

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PRIYANK RANA , new delhi
Reviewed on Aug 08, 2017
Customer Support

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

As a matter of fact, I was able to explore the least rate through this site, it has the great comparison options provided by various banks in terms of interest rate. Its a great service provided by bankbazaar. Services are very good one and anyone can easily get the information from them. Website of the Bankbazaar.com is very much easy to access.

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GANGA RAJ , new delhi
Reviewed on Aug 08, 2017
Car Loan

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

Sadly, I didn't get the car loan, because I had postponed my plan as my documents were incomplete, that was the reason I didn't get the loan from them. The HDFC service is really good and excellent. There response and the follow up is really very prompt. I applied loan for an amount of 5 lakhs.

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GANGA RAJ , new delhi
Reviewed on Aug 08, 2017
Customer Support

"Satisfied with the services"

0.5 5.0/5 "Blown Away!"

The customer services are good and the overall experience is satisfactory with Bankbazaar. I have no issues in navigating through the website and the follow up calls is also good. The website is also designed well and it is simple enough to understand.

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MOHD AFTAB ALAM , new delhi
Reviewed on Aug 08, 2017
Car Loan

"Overall good and high on charges"

0.5 5.0/5 "Blown Away!"

It was a very convenient process and there was no delay faced for the car loan with Axis bank. The rate of interest was of 8.8% and the processing charges was high. They were not very clear in the charges. The response was on time and it was overall a good experience.

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MOHD AFTAB ALAM , new delhi
Reviewed on Aug 08, 2017
Customer Support

"Excellent"

0.5 5.0/5 "Blown Away!"

Bankbazaar is really good when it comes to response on the loan application which I submitted on the website. I had received proper support from them. The website is kind of easy to handle and it was very much helpful in selecting the bank based on the interest rate and other details too.

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SOURABH YADAV , new delhi
Reviewed on Aug 06, 2017
Car Loan

"Average"

0.5 3.0/5 "Satisfactory"

I had applied for the car loan with ICICI bank. On my loan application, they called me many times and followed up on my application. Their responses are good but they were ready to provide me the loan but unfortunately I had to drop the plan because of the salary hike so planned to take it later after some time.

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SOURABH YADAV , new delhi
Reviewed on Aug 06, 2017
Car Loan

"Fair service"

0.5 4.0/5 "Great!"

I had taken the commercial loan from Axis bank. It had been one year when I took this kind of loan from the bank. I had received a good response and proper service from the bank for the loan process. Interest rate is less but the processing fee is not nominal. And they sanctioned the loan on time.

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DEEPAK GULSHAN , new delhi
Reviewed on Aug 05, 2017
Car Loan

"More reliable bank sector in india"

0.5 5.0/5 "Blown Away!"

When I applied for the car loan from my same bank, where I hold my account they gave me good service. My car loan got got sanctioned within two days from Union Bank of India. First day I had submitted my documents and next day, they disbursed the amount. Union bank gave me attractive interest, I got all the benefits from them.

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SHARTH R S , new delhi
Reviewed on Aug 04, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

Got car loan with State bank of India for a interest rate it depends on the cibil score how good it is processing fee they have charged is around 1000 rupees and the tenured is for 5 years of time. SBI took around 24 hours to disburse my car loan. The documentation process was very good and smooth. Overall the service is really good with SBI

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NIRDESH KUMAR RATTRA , new delhi
Reviewed on Aug 03, 2017
Customer Support

"EXCELLENT"

0.5 5.0/5 "Blown Away!"

The team at Bankbazaar has done a good job for me. I was contacted on time and given the necessary details and my information was submitted to the banks on time. I also received a prompt response from the bank and I got my loan through. The website is perfect.

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NIRDESH KUMAR RATTRA , new delhi
Reviewed on Aug 03, 2017
Car Loan

"GOOD SERVICE"

0.5 4.0/5 "Great!"

Since I got a approved loan from another bank. I did not go ahead with Dena Bank for the car loan. The customer support was good and they were responsive too. The loan amount I have applied for 2.5 lakhs and the rate of interest and other charges whernt discussed.

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NIRDESH KUMAR RATTRA , new delhi
Reviewed on Aug 03, 2017
Customer Support

"Fair service"

0.5 4.0/5 "Great!"

Bankbazaar is good to approach for the financial assistance. The website is very much easy to handle and it is really a good site. I had received an amazing service when I approached them for the loan purpose. Both customer service and repsonse are equally good.

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DIGVIJAY KUMAR , new delhi
Reviewed on Aug 02, 2017

New Delhi Car Loan is Rated as "Great!" by 3297 Users

Fees & Charges

Promised Interest Rate

Customer Service

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Check your Eligibility!

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.

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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 20 Aug 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

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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 :

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.

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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.

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