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
    8.5% - 10% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    13.1% - 15% Floating
    Up to 2%
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    Eligibility Criteria
    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
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    Eligibility Criteria
    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 free Paperless approval available
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    Perks
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    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    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
    What you'll love
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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
    Rs.2,500 Amazon voucher free
    What you'll love
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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
    What you'll love
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  • New Delhi Car Loan is Rated as "Great!" by 3737 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 20 Nov 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

    New Delhi Car Loan Reviews

    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was quite a good experience with bankbazaar so far, they provide good services when compared to all other banking websites. I know bankbazaar.com from last 4-5 years. Customer service from Bankbazaar was good and their response was prompt. The website has lot of options and it is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was overall a good car loan experience with SBI, the process was very smooth and everything was done in time. Documents were collected door step and my loan amount was approved within 2 days. The loan amount was for Rs 5.9 lakhs with the rate of interest of 8.95% which is nominal. Customer service was good, they followed up on time and they responded well. The best part i found is, there are no pre closure charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Axis bank, my loan application was closed because i have taken a car loan from other bank. When it comes to customer service, it was good, they responded on time, the only issue was with the preclosure charges. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Bank Bazaar Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar is good and the response is also satisfactory. They were immediate to contact me after I registered online. The website is also good and I found no inconvenience to register and to browse through the portal to choose the right bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Capital First Car Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      Capital first has processed my car loan within three days. It was a fast process and the customer services are really good. I have taken a Hyundai Grand I10. I am comfortable with the rate of interest. It was around 14% and the processing charges are also very much normal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Bank Bazaar Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      My experience is good overall at Bankbazaar. The customer services are nice as they were responsive and there were follow up calls as well. The website is also good because it is helpful for a customer to choose and understand the right bank in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • HDFC Bank Car Loan
      "Satisfactory & fast process"
      0.5 4.0/5 "Great!"
      I have taken a car loan from HDFC Bank and the banking services are good. The process was completed on time and I got the interest rate of around 8.5% and there was a nominal processing fee. The after loan services are convenient too and there are no hassles.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Bank Bazaar Car Loan
      "Amazing experience"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service i received from bank bazaar side . I received Call within 2 days as after i registered for the loan process and everything was Explained to me in a detailed way . Website of bank bazaar is user friendly and helpful for me . It was a good experience over all .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience i received form the HDFC Bank for the car loan process . The customer service was good from the bank side . I submitted all the required documents for the loan process . The bank was not giving me a full approval so i did not take the loan i canceled it from my end .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Tata Finance Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan was taken with Tata Finance in month of June 2017. I got a good response. Documentation process was very easy and executive came to my place to collect the documents. The service and response is good. They provided 85% of loan on road price. The rate of interest is nominal, they charged processing fee. I am happy with the service
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Nainital Bank Car Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      I have taken a loan with Nainital bank for an amount of 27L. It has been a good experience with them so far as the procedures were organized and done on a timely manner. The loan was approved and disbursed on time. I have not faced any issues with them till date.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 2-3 months, the services provided by bankbazaar is good when compared to all other sources in the market. The customer service was good and their response was prompt. I am using the bankbazaar website, it is easy to access and it is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Axis Bank Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Axis bank, 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 responded on time. The rate of interest is very high when compared to all other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Bank Bazaar Car Loan
      "Awesome Site"
      0.5 5.0/5 "Blown Away!"
      Bank Bazar site is awesome.it's compare other site for loan and save our money. and one most imp. things its is easy to access. please go thought this site and try one time. i am try first and get response early. and also provide gifts for us...
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar and it was good. Bankbazaar provides good service when compared to all other banking websites. I came to know about bankbazaar through google. The customer service was good and their response was prompt. The website is easy to navigate and easy to use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Union Bank of India Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had a very good car loan experience with Union Bank of India, i have taken loan for Rs 3 lakhs with the rate of interest of 8.5% which is less when compared to other banks. The process was very smooth and the loan amount was approved within 4 days. My loan amount was approved based on the on road price. Customer service was good and their response was also good. The best part i found is there is no processing charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the car loan from Axis bank, my loan application was closed because the rate of interest was high when compared to all other banks. Customer service part was fine, there was no issues with them, they gave a proper response and also followed up on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service was excellent with bank bazaar . I am with bank bazaar for past 5 to 6months. The customer support is prompt with bank bazaar team. I use the bank bazaar mobile application , which is easy to use and customer friendly, it would be great if they can make mobile application easiest.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Capital First Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Capital first was not ready to approve the car loan for the spark model car and the rate of interest and the charges are average with Capital first. The customer support is very good with Capital first. The service was average with Capital first.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • HDFC Bank Car Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from HDFC Bank for a term of 2 years and i found that the rate of interest was nominal. I had no issues with the service that i had received and the process was a smooth one while getting the loan as well as during the term that i had the loan with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
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