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 28 Pune Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.85% - 11.60% 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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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    Good to Know
    Eligibility Criteria
    13.50% - 14.50% 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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    Eligibility Criteria
    12.75% - 15.50% 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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    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
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    Eligibility Criteria
    8.95% - 13.40% 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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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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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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    Eligibility Criteria
    9.05% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    SPECIAL OFFER FOR WOMEN
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    9.55% Floating
    0.5% (min. ₹575)
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    12.05% - 12.25% Fixed
    0
    1L to 15L
    1-6 Years
    Response Time : Within 30 minutes
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    Pune Car Loan is Rated as "Great!" by 2486 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Pune Car Loan

    Pune is in Maharashtra, India. It is second largest city in the state and is considered the state's cultural capital.Pune has had traditional old-economy industries which continue to grow. The city is now also known for Manufacturing, Automobile, Government & Private sector Research Institutes, Information technology (IT) as well as Educational, Management and Training institutes that attract migrants, students and professionals not only from India but also from South East Asia, Middle East and African countries.

    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 Pune Car Loan if you are

    01
    02
    03
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    Pune Car Loan Minimum Age

    At least 21 years old

    Pune Car Loan Maximum Age

    Less than 67 years old

    Pune Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Pune Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Pune Car Loan amount eligibility is based on these factors

    01
    02
    03
    Pune Car Loan Minimum Salary

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

    Pune Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Pune Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Pune Car Loan amount by these steps

    01
    02
    Pune Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Pune Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Pune 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

    Pune Car Loan Interest RatesUpdated on 17 Jan 2019

    Pune 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

    Pune Car Loan

    Lively and commercial, verdant and unhurried, multicultural yet old-worldly, Pune easily carries a larger than life persona though its glorious past is not always palpable. This is the place where Shivaji lived as a child, the seat of Maratha confederation at the peak of its heyday. This is the Pune that belonged to the Peshwas. Soon it became the monsoon capital of the British, who laid grounds for the cantonment you see today. Peppered with top-notch educational institutions like Symbiosis, The Film and Television Institute of India and many other renowned academic centers, Pune is famed as the ‘Oxford of the East’. It has meandering roads, most of which cut according to the natural slopes of the hilly terrain hugging the River Mutha.

    As the city developed haphazardly, a great number of highways were constructed while witnessing an IT boom. The fact that the usage of private motor vehicles like cars and bikes have escalated over the past decade in the place is not news. What is new though is that the city has the largest number of vehicle owners in Maharashtra, surpassing even Mumbai. Of all the 35 Maratha districts, 13.2% of families in Pune use cars as their mode of transport while Mumbai stands at 2nd place with only 12%. In the meantime, a similar progress were noticed in the usage of two-wheelers such as bikes, scooters and mopeds, which is a strapping figure of 48.8%.

    With the economic growth living up to the famous adage of Kennedy - ‘a rising tide can lift every boat’- it is not hard to fund one’s dream car. Pune car loan providers and dealers have understood this rise in tide and offer numerous loan options to their people. Hence, borrowing a portion of the entire car price from a bank or a financier is quite common nowadays. Depending on the bank, there will be a few eligibility criteria to be met and you will be asked to submit the required documents (ID proof, address proof, employment/ income proof etc). In the end, going for personal car loans is a much safer and cheaper option than other loans.

    If you are planning to purchase a new or used car and are looking for financiers, please have a look at the below points before approaching any car loan provider.

    • Do you have any additional pending loan EMIs?

      This is not to say that you will not be eligible in case of an existing loan or you have to pay off everything before applying for another loan. They will check and assess whether your present financial condition lets you settle up that loan together with the new one. You also have the option of consolidating the previous and current loans into one. Not only will this make for easy loan settlement but also avail you a reduced interest rate.

    • Why choose bank 1 compared to bank 2?

      Selecting a bank to apply for a car loan can be baffling as the market is highly competitive. High variation of interest rates can be spotted when you do some research. Hence surf through those price comparison websites regarding car loans and pick the bank that offers the lowest rates. But that is not all. Do not miss the oh-so-well-hidden fees lurking on the page. Your list will soon become shorter and that is the time to get in touch with the nearest branches and make detailed inquiries. Food for thought- there have been cases where loan providers receive way less money as interest but levy an outrageous processing fee, which effectively nullify what you save on interest. Think before you sign!

    Check For Latest: Gold Rate in Pune Or Silver Rate in Pune

    Pune Car Loan Reviews

    • HDFC Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      My car loan experience with HDFC has been good and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal and there has been some charges like processing fee. Overall their has been a help from their customer support as well.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 09, 2019
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan was quite good and there hasn't been any hassle faced. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which was made by them.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 07, 2019
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with car loan from SBI, they give loans at very nominal interest rate when compared to other banks. Customer service was very good and they followed up on time. Loan amount was sufficient and the tenure period for this loan is 7 years.
      Was this review helpful? 3
      , pune
      Reviewed on Jan 03, 2019
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC bank and my experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good with this bank and the tenure period for this loan is 5 years.
      Was this review helpful? 5
      , pune
      Reviewed on Dec 29, 2018
    • ICICI Bank Car Loan
      "Good car loan experience"
      0.5 5.0/5 "Blown Away!"
      I bought the ICICI Car loan in the year of 2016. I got the loan amount of Rs. 7.50 lakhs and they have offered me a interest rate of 13.5% and the processing fee was a nominal fee. I pay the premium amount of Rs. 2500. I have chosen the tenure period of 3 years. Overall documentation process was fine.
      Was this review helpful? 3
      , pune
      Reviewed on Dec 29, 2018
    • ICICI Bank Car Loan
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      In 2014, i have selected the car loan from ICICI. I have selected the tenure period of 3 years. Since i have a savings account with them, i have selected the ICICI bank for my car loan. In two days, i have received the loan. I have purchased the loan amount of Rs. 5 lakhs and the interest rate was 11.5%
      Was this review helpful? 2
      , pune
      Reviewed on Dec 29, 2018
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding car loan with State bank of India from past 1 year, the loan amount they have given me was sufficient, and the rate of interest they have charged me was bit high, and for processing fee they have charged me up to 1200-1300 it is nominal,overall service is good.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 27, 2018
    • Kotak Car Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      I am using the KOTAK MAHINDRA BANK for the card loan as i have taken it with the easy and quick process to get the loan. The loan amount is satisfactory added on that i am using it from past 1.5 years. The rate of interest is higher when compared to the others.
      Was this review helpful? 2
      , pune
      Reviewed on Dec 07, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      My car loan experience was good with HDFC bank, the process was smooth and i received my loan amount on time. Loan amount was sufficient and the rate of interest was nominal for this loan. Customer service was good and the tenure period for this loan is 3 years.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 01, 2018
    • Kotak Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience with KMB for car loan was good, the loan amount was for Rs 1.5 lacs with nominal interest rate when compared to others. It is a new car so loan was based on the on-road price. Customer service was good and the tenure period for this loan was 3 years.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 30, 2018
    • ICICI Bank Car Loan
      "Hassle free experience"
      0.5 5.0/5 "Blown Away!"
      3 years back, i have purchased the car loan with ICICI. The loan got disbursed without any hassles. It took 3 days to sanctioned the amount. The documentation process was smooth. They have accepted different types of documents also. I have applied the loan amount of Rs. 8 lakhs and the interest rate was 9.75%. I have been paying the EMI of Rs. 15465.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 26, 2018
    • SBI Car Loan
      "Good service for car loan"
      0.5 5.0/5 "Blown Away!"
      I took car loan from SBI, before four years I was taken the loan. At the time the interest rate is low, I have purchased Innova car, they approved on road price value and gave me 100% of loan amount. The processing fee is also reasonable with good flexible EMI options.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 20, 2018
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with the services of them and the loan amount whcih they had provided has been good. The interest rate with them has been competitive with the market rate. Their customer support has been helpful as well and there has not been any charges made by them.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2018
    • SBI Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      It has been a good experience i had with them where the loan amount whcih they had given has been sufficient and the loan has been arranged by the car dealer. The interest rate with them has been nominal when compared with the market rate and there has not been any charges which has been made by them.
      Was this review helpful? 4
      , pune
      Reviewed on Nov 14, 2018
    • SBI Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience i had with this loan has been good and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been nominal and there has not been any additional charges whcih they had been making as well.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 13, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a fine experience with HDFC bank for car loan, the process was quick and i received my car loan on time. The loan amount was based on my requirement with nominal interest rate when compared to others. The tenure period for this loan is 5 years and the customer service was good.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 01, 2018
    • Bank Bazaar Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 2-3 years, the services provided by bankbazaar is good when compared to others. Customer service was good with bankbazaar and they responded on time. Mobile application of bankbazaar is easy to access and is user friendly to use.
      Was this review helpful? 1
      , pune
      Reviewed on Oct 31, 2018
    • Capital First Car Loan
      "Needs to improve"
      0.5 4.0/5 "Great!"
      My car loan experience was not up to the mark, the process took 2 months to complete. Customer support was not up to the mark with Capital First. The loan amount was for Rs 1.5 lacs with nominal interest rate. I have asked for the tenure period of 4 years but they gave only for 2 yesrs.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 31, 2018
    • TVS Credit Services Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan application was approved with TVS credit and the experience was very good, the process took 1 week to complete. The loan amount was for Rs 3 lacs with little high interest rate and the tenure period is 4 years. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 31, 2018
    • Bank Bazaar Car Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      It was a good experience so far with bankbazaar, they provide good services when compared to others. Customer service was good with bankbazaar and they responded on time. The website of bankbazaar is easy to navigate and is user friendly to use.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 30, 2018
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