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New Delhi Car Loan Reviews

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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.

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CHHAVI BATRA PAHWA , new delhi
Reviewed on Jun 23, 2017
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.

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CHHAVI BATRA PAHWA , new delhi
Reviewed on Jun 23, 2017
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.

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PUSHPA RANI , new delhi
Reviewed on Jun 22, 2017
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.

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PUSHPA RANI , new delhi
Reviewed on Jun 22, 2017
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.

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PUSHPA RANI , new delhi
Reviewed on Jun 22, 2017
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.

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MUKESH CHAUDHARY , new delhi
Reviewed on Jun 21, 2017
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.

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MUKESH CHAUDHARY , new delhi
Reviewed on Jun 21, 2017
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.

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SARVPREET KAUR , new delhi
Reviewed on Jun 20, 2017
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.

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SARVPREET KAUR , new delhi
Reviewed on Jun 20, 2017
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.

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AMAN ALI KHAN , new delhi
Reviewed on Jun 20, 2017
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.

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AMAN ALI KHAN , new delhi
Reviewed on Jun 20, 2017
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...

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ANAND SHARMA , new delhi
Reviewed on Jun 19, 2017
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.

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RAVI JHA , new delhi
Reviewed on Jun 19, 2017
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.

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VEDPRAKASH GIRI , new delhi
Reviewed on Jun 17, 2017
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.

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VEDPRAKASH GIRI , new delhi
Reviewed on Jun 17, 2017
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.

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KRISHNA KANT SINGH , new delhi
Reviewed on Jun 15, 2017
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.

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KRISHNA KANT SINGH , new delhi
Reviewed on Jun 15, 2017
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.

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RAM BARAN SINGH , new delhi
Reviewed on Jun 15, 2017
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.

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RAM BARAN SINGH , new delhi
Reviewed on Jun 15, 2017
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.

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RAM BARAN SINGH , new delhi
Reviewed on Jun 15, 2017

New Delhi Car Loan is Rated as "Great!" by 3188 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 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

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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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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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