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.