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New Delhi Car Loan Reviews

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Customer Support

"User Friendly"

0.5 4.0/5 "Great!"

I like Bank Bazaar online service is excellent, I normally fill the online application form to check the eligibility of financial products, their executive are very prompt and good in resolve the queries. I am very satisfied to use Bank Bazaar site.

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PRAVEEN KUMAR , new delhi
Reviewed on Jul 13, 2017
Car Loan

"Good Response"

0.5 4.0/5 "Great!"

There is no issue with capital first, only issues with my end. They were asking some documents from me, I have all other documents except rental agreement. I don't carry that. Hence I am unable to process with them. Again I am planning to reopen it.

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PRAVEEN KUMAR , new delhi
Reviewed on Jul 13, 2017
Car Loan

"Good benefits"

0.5 5.0/5 "Blown Away!"

HDFC Bank has offered me a preapproved car loan which had a convenient documentation process and the disbursement was also on time. The interest rate and processing charges is normal and the after loan services are also good and smooth without any hassles.

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HARISH KUMAR VERMA , new delhi
Reviewed on Jul 13, 2017
Customer Support

"Good services"

0.5 5.0/5 "Blown Away!"

It was a nice experience with Bankbazaar.com as it was a very easy portal to navigate through. The customer services are good and they were very prompt in contacting to me after I placed my request. There were follow up calls as well. I had no issues overall all.

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HARISH KUMAR VERMA , new delhi
Reviewed on Jul 13, 2017
Car Loan

"Deals are good on the ROI"

0.5 4.0/5 "Great!"

Since I got a preapproved 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 rate of interest and charges was a good deal. It was around 9.1% and the processing charges was normal.

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HARISH KUMAR VERMA , new delhi
Reviewed on Jul 13, 2017
Customer Support

"Good Service"

0.5 5.0/5 "Blown Away!"

Bank bazaar gave a immediate call back in concern to my car loan application. The customer service and the response is quick and fast with bank bazaar. The web site with bank bazaar is easy to use and customer friendly the one thing I like about bank bazaar is prompt response

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VIVEK RASTOGI , new delhi
Reviewed on Jul 13, 2017
Car Loan

"Good Service"

0.5 4.0/5 "Great!"

The response was really good with HDFC bank. The rate of interest is high when compared with other banks. HDFC customer service gave very good follow up in concern to my car loan application. The service which was given by Hdfc bank was good, and I would say it was a better service offered by HDFC Bank. But I have not opted the loan from them as they was a delay with respect to documents submission.

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VIVEK RASTOGI , new delhi
Reviewed on Jul 13, 2017
Car Loan

"Excellent Service"

0.5 5.0/5 "Blown Away!"

When I applied car loan through online channel, there was good response from HDFC, I approached the bank directly, I submitted the documents to HDFC bank, they have taken only o3 hours to process the loan. They gave me on road value overall it was a good experience

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JAIVEER SINGH , new delhi
Reviewed on Jul 10, 2017
Car Loan

"Excellent Service"

0.5 5.0/5 "Blown Away!"

When I applied car loan through online channel, there was good response from HDFC, I approached the bank directly, I submitted the documents to HDFC bank, they had taken only 3 hours to process the loan. They gave me on road value overall it was a good experience.

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JAIVEER SINGH , new delhi
Reviewed on Jul 10, 2017
Customer Support

"Satifactory service"

0.5 3.5/5 "Pretty good"

The services at Bankbazaar has been satisfactory. I was contacted on time and I was given all the details of the banks I was eligible for. The follow calls has also been up to the mark and supportive. The mobile app is good and overall I had no issues.

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JAIVEER SINGH , new delhi
Reviewed on Jul 10, 2017
Car Loan

"Dissatisfied"

0.5 1.0/5 "Really Bad"

Interest rate charged by Axis bank for the car loan is way too high. They are not customer friendly. I had an Idea of applying around six lakhs for the same car loan. On the other hand as the rate of interest is really high, I would re-think to recommend Axis bank.

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JAIVEER SINGH , new delhi
Reviewed on Jul 10, 2017
Customer Support

"Excellent service"

0.5 3.0/5 "Satisfactory"

I know about bank bazaar for past 4 months. I got to know about bank-bazaar through a referral. When I have applied car loan , I used bank-bazaar website, which is easy to use and user friendly. I would say bank bazaar gave excellent service in concern to my car loan application

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MANMEET SINGH SLACH , new delhi
Reviewed on Jul 10, 2017
Car Loan

"Good service"

0.5 3.0/5 "Satisfactory"

Right now I am not planning to buy a new car, so that was the reason I haven't got the car loan with Oriental Bank of Commerce. The customer service and their response is good with OBC. The rate of interest is low . I would say OBC gave better service in concern to my car loan application.

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MANMEET SINGH SLACH , new delhi
Reviewed on Jul 10, 2017
Customer Support

"Good financial and very good platform for consumer"

0.5 5.0/5 "Blown Away!"

Bank Bazaar helped me to view the lot of banks option which is available in the platform, it a very good portal, customer could identity the benefits by Bank Bazaar site. The executive are good service and satisfied. I am very satisfied with Bank Bazaar website.

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HARSH MANI , new delhi
Reviewed on Jul 10, 2017
Car Loan

"Good Experience with Good customer support"

0.5 4.0/5 "Great!"

I am a very old customer of ICICI, I have many financial products with them like saving account , personal loan, car loan etc. I took the car loan of Rs.3.70 lakhs with the lower interest rate of 9.25% with one time processing fee of around Rs.1300 its good.

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HARSH MANI , new delhi
Reviewed on Jul 10, 2017
Car Loan

"Good Service"

0.5 5.0/5 "Blown Away!"

The car loan process with State bank of India was excellent, because they have processed it very quickly. The customer and the response was really good with SBI. Within 7 to 10 days they have disbursed my car loan . The required loan amount has been disbursed and I am happy about it. The rate of interest is nominal .

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SANDIP ASHOK JADHAV , new delhi
Reviewed on Jul 10, 2017
Customer Support

"Best Service"

0.5 5.0/5 "Blown Away!"

It was a quick response from bank bazaar end and the good elaborated information has been given in the bank bazaar web site. I am aware of bank bazaar through Google web search. I have applied car loan through bank bazaar web site, the bank bazaar web site is easy to use and user friendly. The customer service and the response is really good and very supportive with bank bazaar.

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SANDIP ASHOK JADHAV , new delhi
Reviewed on Jul 10, 2017
Car Loan

"Average Service"

0.5 1.0/5 "Really Bad"

My work place is different from my residence, so that would have been the reason to close my car loan application by Dena bank. The customer service and the response was fine with Dena bank. The rate of interest of is low, when compared with others. The service provided by Dena bank was average service.

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SANDIP ASHOK JADHAV , new delhi
Reviewed on Jul 10, 2017
Customer Support

"User financial advisor"

0.5 5.0/5 "Blown Away!"

Bank Bazaar gave me various kind of opportunity to know rate of interest, processing fee and EMI details in one shot without going to the bank. The service is good, they called me immediately and gave me proper satisfactory service on car loan process.

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PRAKASH KUMAR , new delhi
Reviewed on Jul 07, 2017
Car Loan

"Looking for better rate of interest"

0.5 4.0/5 "Great!"

I don't have interest right now to take car loan, hence I am planning to take car loan after Diwali. I don't have any issues with the bank, but AXIS interest rate was higher side they gave me 20% on car loan but I believe that there is no processing fee.

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PRAKASH KUMAR , new delhi
Reviewed on Jul 07, 2017

New Delhi Car Loan is Rated as "Great!" by 3271 Users

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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 23 Jul 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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