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    We found 31 Noida Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 10.35% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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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 100% financing on car value
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    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 100% PAPERLESS APPROVAL
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    8.75% - 8.80% Fixed
    3,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
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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
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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
    Rs.2,500 Amazon Voucher
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    Eligibility Criteria
    8.40% - 13.25% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
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    Perks
    Fees & Charges
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Perks
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    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
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  • Noida Car Loan is Rated as "Great!" by 514 Users

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    Car Loan BYTES FROM OUR KITCHEN

    Noida Car Loan

    Noida, short for the New Okhla Industrial Development Authority, is a city in India under the management of the New Okhla Industrial Development Authority.Many companies have their Indian branch offices in Noida, because of many factors, including its Special Economic Zone status, its suburban atmosphere and its proximity to Delhi. Noida also hosts the head office of the Software Technology Park, which was established by the Government of India to promote the software industry.

    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 Noida Car Loan if you are

    01
    02
    03
    04
    Noida Car Loan Minimum Age

    At least 21 years old

    Noida Car Loan Maximum Age

    Less than 67 years old

    Noida Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Noida Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Noida Car Loan amount eligibility is based on these factors

    01
    02
    03
    Noida Car Loan Minimum Salary

    Minimum income required Rs.2,40,000 per annum

    Noida Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Noida Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Noida Car Loan amount by these steps

    01
    02
    Noida Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Noida Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Noida 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

    Noida Car Loan Interest RatesUpdated on 21 May 2018

    Noida 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

    Noida is a leading industrial centre located in Uttar Pradesh. The metropolis is also known as New Okhla Industrial Development Authority and is a fast growing city providing opportunities for a number of different companies, BPOs, industrial offices, etc. This has brought in a large influx of people and these people often purchase four-wheelers of their own to commute in the city. But sometimes individuals find it difficult to come up with the capital required to purchase their dream vehicle. In these cases, individuals often approach a bank or financial institution to avail a car loan to make their purchase. Car loans are offered at affordable interest rates which vary across banks that are operating in Noida. Let us take a look at the banks in Noida that offer car loans.

    Car Loans Offered By Various Banks in Noida

    A car loan is a secured loan that is offered by financial institutions and banks and is used for the purchase of a new or used car. Here, the car that is purchased acts as the collateral. Car loans are offered at interest rates which vary from one bank to another. Interest rates offered depend on the applicant's credit score. Major banks and NBFCs that offer car loans in Noida are ICICI Bank, TVS Credit Services, Oriental Bank of Commerce, Sundaram Finance, Capital First, HDFC Bank, Axis Bank, Dena Bank, AU Small Finance Bank, Mahaveer Finance India Limited, Jammu and Kashmir Bank, Federal Bank, Allahabad Bank, Bank of India, Canara Bank, Bank of Maharashtra, IDBI Bank, Central Bank of India, State Bank of India, Indian Bank, Andhra Bank, Union Bank of India, L&T Finance Limited, Reliance Commercial Finance, Yes Bank and many more.

    Steps involved in availing a Car Loan in Noida

    When applying for a car loan at a bank in Noida, there are a few things that an individual will have to keep in mind to ensure they choose the right car loan option. Here are a few steps that an individual needs to follow when applying for a car loan with a bank or financial institution in Noida.

    • Identifying a Bank: There are a number of different banks that operate in Noida which offer car loans at different interest rates. It can be a hassle to go to each one of these banks to look for the ideal car loan option that works for a person. An individual could visit a banking portal like BankBazaar which offers a consolidated look at all the banks which offer car loans in Noida. An individual should apply for a car loan with a bank that offers a car loan amount that’s enough to purchase his/her dream car. Search for the bank that offers the lowest rate of interest on the car loan. Other factors that need to be considered are processing fees, loan tenure, loan amount, prepayment charges, etc. An individual can even use a Car Loan EMI Calculator to determine the amount that they would have to pay as an EMI every month.
    • Submitting Documents: The bank will require an individual’s documents to determine their capability of repaying a car loan. An individual who intends on applying for a car loan will have to produce certain documents like the applicant’s salary slip, residence proof, Form 16, PAN Card, driving license, passport, etc. The car loan applicant can either submit these documents at the nearest branch of the bank or online.
    • Verification: Once the bank receives the applicant’s documents, the bank will verify them to ensure there are no discrepancies. If there are any discrepancies, then the bank will notify the applicant of the same. A field investigator will visit the applicant’s home to check and confirm that the details provided by the applicant are true.
    • Loan Approval: Once the investigator verifies the applicant’s documents and ensures there are no discrepancies with the facts that were provided, the bank will sanction the loan amount. Once the loan has been approved, the bank will send a draft of the car loan to the dealer after the applicant has signed the agreement.

    Eligibility Criteria to Avail a Car Loan in Noida

    The eligibility criteria for car loans offered by various banks in Noida vary depending on a number of factors like if the applicant is salaried, self-employed individuals and professionals (partnership firms), self-employed individuals and professionals (private limited companies) or self-employed individuals and professionals (sole proprietorship). Some of the basic eligibility criteria that need to be met by an applicant are:

    • The car loan applicant should be at least 21 years old when applying for a car loan and should not be older than 65 years when the loan tenure comes to an end.
    • The applicant should be in a business or should be working with their current employer for a period of 2 years and 1 year respectively.
    • The applicant should earn a minimum of Rs.2 lakh p.a. This criteria varies from one bank to another and has a large effect on the loan amount that is sanctioned.
    • The applicant should either have a permanent address or should be a residing in their current residence for a period of 1 year.
    • Telephone or mobile connections will be required

    Documents Required to Avail a Car Loan in Noida

    The documents that are required by the bank or lender are needed to establish the authenticity of the applicant and the details that they have provided. The documents that a car loan applicant will have to submit are listed below:

    • Proof of Age: The car loan applicant can provide any bill like a telephone bill, gas connection bill, etc. or a government sanctioned document or any other valid KYC document.
    • Income Proof: The car loan applicant can submit their salary slips for the previous three months along with bank statements for at least the last six months. Self-employed individuals will have to submit their audited bank statements for the previous six months.
    • Address Proof: The individual can provide any government sanctioned document or an utility bill like a telephone bill, gas connection bill, etc. or any other valid KYC document.
    • Proof of Employment: The car loan applicant will have to submit a copy of their appointment letter that they have received when joining with the current company that they're working for. Self-employed individuals would also have to provide their partnership deeds or business establishment documents.
    • Tax Proof: The applicant would have to submit their IT returns or Form 16 documents for the past 2 years when applying for a car loan in Noida.

    How to get a Car Loan at a low-interest rate in Noida

    There are a few things that need to be followed when applying for a car loan to ensure the lender gives the applicant the best rate of interest possible:

    • Credit Score: Before applying for a car loan with a bank or financial institution in Noida, the applicant will have to make sure that their credit score is well above average. Agencies like CIBIL, which is an authorized credit information company that operates out in India, can help determine your credit score. A credit score 750 and above is considered to be a good credit score.
    • Choose Wisely: There are a number of different banks and lenders that offer car loans at different interest rates in Noida. However, it is advisable that the applicant take their time to make their decision. An easy way to do this would be to compare aspects of a car loan like interest rate, processing fee, tenure, etc. of various car loans offered by different banks in Noida. Banking websites like BankBazaar provide all the information that a car loan applicant would require.
    • Assess Your Needs: It is important that the applicant ensures that they do not apply for a car loan that causes a financial strain on the applicant’s monthly income. It should be noted that a car is a depreciating asset and applying for a large car loan amount would not be wise if you do not have the monthly income to pay for the EMIs.

    Car Loan Interest Rates in Noida 2018

    Bank Name Processing Fee Interest Rate Loan Amount Loan Tenure
    ICICI Bank Rs.2,500 to Rs.5,000 10% - 1.75% p.a. Up to 100% of ex-showroom price of the car 1 to 7 years
    Axis Bank Rs.3,500 to Rs.5,500 8.50% - 11.25% p.a. Rs.1 lakh minimum and maximum up to 100% on-road price of the car 1 to 7 years
    HDFC Bank 0.4% of loan amount or Rs.10,000, whichever is lower 9.00% - 10.25% p.a. Up to 100% financing 1 to 7 years
    Dena Bank Nil 9.05% p.a. Rs.1 lakh to Rs.2 crore 1 to 7 years
    Bank of India Rs.500 plus GST 8.90% p.a. Rs.50 lakh to Rs.1 crore 7 years
    Central Bank of India 0.50% of loan amount subject to a minimum of Rs.2,000 and maximum up to Rs.20,000 8.85% p.a. Rs.75 lakh maximum 7 years
    Canara Bank 0.25% on the loan amount subject to a minimum of Rs.1,000 and maximum of Rs.5,000 8.70% - 9.25% p.a. Up to 80-90% of the on-road price of the car 7 years
    State Bank of India Rs.1,000 to Rs.1,500 plus GST 8.90% - 9.40% Up to 85% of the on-road price of the car 7 years

    Interest rates and offers are subject to change with market rates and without any prior notice from the bank

    *OTF-One Time Fee

    Noida Car Loan FAQs

    1. How do I apply for a car loan?

      You can apply for a car loan on the main website of the bank or you can even visit a baking portal like BankBazaar where you can compare various car loan options that are offered in Noida. You can even apply for a car loan by visiting the nearest branch of the bank.

    2. What is the tenure of a car loan that is offered by a bank?

      Banks generally offer car loans for a period of 1-5 years. The loan tenure depends on the type of car that’s being purchased – the make and model of the car. Banks and lenders also offer car loans for a period of 7 years.

    3. What happens if I default on an EMI payment?

      A car loan applicant should make it their duty to ensure they do not miss out on any EMI payments. If you do miss out on a payment, get in touch with the bank and explain why you have missed out on your payment. Banks and lenders will not deem you as a defaulter immediately. But if this is repeated time and again, your credit score can get seriously affected.

    4. Can I apply for a car loan to buy a used car?

      Yes, you can. Used Car Loans are applied for quite often as people have begun purchasing used cars more often than new cars.

    5. Are there any tax benefits that come with a car loan?

      Unlike home loans, car loans do not offer any tax benefits.

    Noida Car Loan Reviews

    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using the services of them for almost two years, their services has been awesome. The whole process was really good. It was completely smooth process, as the process and the loan sanctioning time was quite simple. Overall i had a great experience with them.
      Was this review helpful? 0
      , noida
      Reviewed on May 11, 2018
    • Bank Bazaar Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was a smooth process with Bankbazaar. The customer services and response is good and there are no hassles in the process. The website is also satisfactory and there are no hassles while navigating through it. It is informative and easy to understand.
      Was this review helpful? 0
      , noida
      Reviewed on May 11, 2018
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC Bank. The process is good and on time as well. The customer services and response is on time. I have taken a Honda WR. The rate of interest is of 8.5% and the processing charges are normal. The loan was also disbursed on time.
      Was this review helpful? 0
      , noida
      Reviewed on May 11, 2018
    • Kotak Car Loan
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken a car loan with Kotak Mahindra Bank and my loan experience was good. The loan amount was for Rs 4 lakhs with the rate of interest which is nominal in the market. The process was smooth and i received my loan amount on time. My loan amount was based on Ex-showroom price. Customer service was good and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , noida
      Reviewed on Mar 24, 2018
    • Syndicate Bank Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have got the car loan from the SYNDICATE BANK with the tenure of 5years, but I have closed it within 4 years. There was not pre closure charges , The rate of interest and the charges are average with the SYNDICATE BANK car loan service. The customer support service is good with the SYNDICATE BANK.
      Was this review helpful? 0
      , noida
      Reviewed on Mar 19, 2018
    • Axis Bank Car Loan
      "Good bank for car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from AXIS bank. The approved loan amount was 5 lakhs. The rate of interest is 8.5%. The monthly EMI is 10343 for 5 years. They asked only for minimal document for the car loan process. Some processing fee was there with AXIS.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 05, 2018
    • ICICI Bank Car Loan
      "Super Loan"
      0.5 5.0/5 "Blown Away!"
      When a proper plan to get a Car came in, ICICI Bank really helped me with their Car Loan. I got the Loan with very decent interest rate of 10.7%. The process for getting the Loan was also pretty short and they gave me a very little Rate of Interest.
      Was this review helpful? 1
      , noida
      Reviewed on Dec 26, 2017
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with ICICI Bank last year June. The loan process was good and easily they provided a loan without visiting the bank. They didn't charge me any processing fee. The rate of interest was nominal on that time. The EMI payment was paid through ECS.
      Was this review helpful? 3
      , noida
      Reviewed on Dec 26, 2017
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with HDFC bank was good, they provided very good services and the process was quite long. It took 15 days for the loan amount to get approved. I have taken loan for Rs 4.08 lakhs with the rate of interest 13%which is nominal rate. The tenure of this loan amount is 5 years and i pay an EMI of Rs 8582 for this loan. The processing fees was less when compared to other banks and the customer service was good.
      Was this review helpful? 3
      , noida
      Reviewed on Dec 16, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a car loan with Hdfc bank.The loan amount is 9 lakhs.The rate of interest is 10.5% high compared to other banks.The tenure is for five years.I pay an EMI amount through an ECS.I don't have processing fees to process the loan.
      Was this review helpful? 2
      , noida
      Reviewed on Dec 08, 2017
    • HDFC Bank Car Loan
      "HDFC car loan"
      0.5 5.0/5 "Blown Away!"
      I am not interested in taking a car loan for now with HDFC. In future if i am planning to take a car loan then i can consider HDFC bank. There was no conversation from the executives end since i changed my mind by the time. Its a good bank.
      Was this review helpful? 2
      , noida
      Reviewed on Dec 01, 2017
    • Bank Bazaar Car Loan
      "Customer friendly service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is an instant solution for various financial services and products.The service provided by bankbazaar is excellent and it is customer friendly. Comparison among the banks and various offers makes us the service so easy and convenient.
      Was this review helpful? 0
      , noida
      Reviewed on Dec 01, 2017
    • Bank Bazaar Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      it was a good customer service i received form the bank bazaar end .as after i registered for the loan process the Call came within 2 days . Website of bankbazaar is really easy to use and helpful . Cibil score i checked on the bankbazaar website an it was so easy i did not even pay for it . really a great experience with bankbazaar .
      Was this review helpful? 0
      , noida
      Reviewed on Nov 30, 2017
    • HDFC Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience i had with HDFC Bank for the car loan process . actually my salary slip does not have PF deduction on it so the bank canceled it from their end . it was a good customer service from the HDFC Bank and it was a fine service from their end .
      Was this review helpful? 0
      , noida
      Reviewed on Nov 30, 2017
    • Axis Bank Car Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have applied for a car loan with AXIS but later i had taken the loan from Kotak mahindra so that i have closed the loan with Axis bank. The customer service and response with the bank is perfectly fine. Other than that i dont have any other issue with the bank.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 25, 2017
    • Bank Bazaar Car Loan
      "Financial assistance "
      0.5 3.5/5 "Pretty good"
      The net application with bankbazaar is good. There is no delay in response with them. The executive gave regular follow up regarding the application and always in touch with the customers. Its totally user friendly. For any financial assistance we can visit bankbazaar.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 25, 2017
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The interest rate offered by hdfc for my car loan service was good ,the documents part was very simple they collected all my documents from my door step also the customer service was good with hdfc it was a smooth process from hdfc car loan service.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 24, 2017
    • Bank Bazaar Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It has been three months I came to know about the service of Bankbazaar.com the service is very good. The customer service was very helpful compare to others in the digital market, the website is very good I found lot of good options in the website ,so it was a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Axis car loan service was a very good experience for me they offered me with higher interest rate which compare to other banks in the market. The customer service was prompt with axis car loan service,I never find any difficulty with axis car loan service.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 24, 2017
    • Magma Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Magma fincorp.The loan amount is 1.85 lakhs,rate of interest is nominal as compared to other banks,tenure is for 3.5 years.The EMI amount is 5383 paid monthly.I make payment through online.The net banking service is good.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 21, 2017
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