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 31 Pune 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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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    What you'll love
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    Perks
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    Eligibility Criteria
    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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    Perks
    Fees & Charges
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    Eligibility Criteria
    8.75% - 8.80% Fixed
    3,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Think about
    Fees & Charges
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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
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Good to Know
    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.75% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Perks
    Good to Know
    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
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  • Pune Car Loan is Rated as "Great!" by 2447 Users

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    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
    04
    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 19 Jul 2018

    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

    • Bank Bazaar Car Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I know bankbazaar.com from last 2-3 years, the services provided by bankbazaar is pretty good when compared to others in the market. Customer service was good and they followed up on time. I am using the website of bankbazaar for checking credit score and it is user friendly to use.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 27, 2018
    • HDFC Bank Car Loan
      "very good service"
      0.5 4.5/5 "Excellent!"
      My car loan was approved with HDFC bank and the experience was pretty good, the loan amount was disbursed within 10 days. I have taken loan for Rs 5.3 lakhs with nominal interest rate when compared to other banks. My loan was approved on Ex-showroom price. Customer service was good and the tenure for this loan is 7 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 27, 2018
    • IndusInd Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I took a car loan from the IndusInd Bank for 6 Lac, I got the loan amount with in 1 week. I applied at the branch. The whole application process was easy and hassle free. The interest rate is nominal when comparing to other banks in the market. So far it has been a very good experience with the bank and their services.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 14, 2018
    • SBI Car Loan
      "Easy to get"
      0.5 4.0/5 "Great!"
      I have not chance to go through their banking statement. The interest rates very less like 9.75 for the new car buyers. They have their own rules and term and conditions. It was one time payment and processing fee was less compared to other banks. I got car loan of Rs. 6 lakhs and I'm making the EMI of Rs. 10000.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 05, 2018
    • Bank Bazaar Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products . The customer serviced and responses was rely good. The website has many good options on banks and interest rate . The web portal's accuracy and speed is good .My overall experience was good
      Was this review helpful? 0
      , pune
      Reviewed on May 29, 2018
    • TVS Credit Services Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My car loan was taken with TVS . The interest rate was 15% which is high so I cancelled the loan. The customer service and responses was very good. The interest rate was 2 lakhs . My overall experience was good so I would like to recommend to others.
      Was this review helpful? 0
      , pune
      Reviewed on May 29, 2018
    • Bank Bazaar Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've been using the BankBazaar Platform for the past 1 Year. The service is very good. The Mobile application is very good and user friendly. The application process was super fast. The customer support is also good. BankBazaar is a great platform to compare online.
      Was this review helpful? 0
      , pune
      Reviewed on May 15, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I am planning to apply for a Property loan which was the reason I canceled the car loan application. The application process was very good and hassle free, Overall I never had any issues with the loan process. Overall it was a good experience.
      Was this review helpful? 0
      , pune
      Reviewed on May 15, 2018
    • HDFC Bank Car Loan
      "HDFC car loan"
      0.5 4.0/5 "Great!"
      I have taken a car loan from HDFC bank and the approved loan amount was 3 lakhs. The rate of interest was 9%. The monthly emi is 12402 for tenure of 36 months.The processing fee was around 4000 and the approval was on time. Documentation done well.
      Was this review helpful? 0
      , pune
      Reviewed on May 13, 2018
    • Bank Bazaar Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I applied for a Car loan via BankBazaar. I never faced any issues with their service. The loan application process was smooth and the customer support follow up was also good. Overall I am happy with the experience shopping with the BankBazaar.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • Bank Bazaar Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've been using the BankBazaar platform for the past 1 year. I never had any issues with their services. The customer support follow up was really good and website is very much user friendly. Overall I never had any issues with the platform and services.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've applied for a car long from ICICI via BankBazaar and I've decided to postpone this application for a while. The process was and hassle free. Overall there were any issues about the application process. Everything was quick and right on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • Sundaram Finance Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a Car Loan for 3 Lacs from Sundaram Finance for a tenure of 5 Years. I pay a monthly EMI of 8500. Most of the time I make payments online. The application process was so fast and also the documentation process. I got the loan with in 5 days of the application.
      Was this review helpful? 1
      , pune
      Reviewed on May 09, 2018
    • HDFC Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      My credit card was taken with HDFC bank. I had taken this Times HDFC Bank credit card and the credit limit was 40,000 which is satisfactory.Their customer service and responses were really good. Here the charges are very high in case of late payment.
      Was this review helpful? 0
      , pune
      Reviewed on May 03, 2018
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was a fast process and the response is good too. The customer services are good at Bankbazaar.com and the website is user friendly. It was my friend who referred me to this portal. There were follow up calls too. They have been supportive in this process.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 29, 2018
    • HDFC Bank Car Loan
      "Good. Can reduce charges"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC Bank. I have taken a car loan. They were quick and on time as well. The rate of interest was of 9% and the processing fees was near to 10K. The Stamp fee was of 1456, the document charges was of 1239 and the loan for insurance is of 6761. The loan amount was okay, it is of 4.78 Lakh and the tenure is for five years. I have bought a Maruti Suzuki Celerio car.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 29, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with SBI, the process was quick and i received my loan amount on time. My loan was approved based on the on-road price. The tenure period of this loan is 7 years. Customer service was good and they collected documents on time. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 24, 2018
    • review Car Loan
      "Dont ever think to go to tata capital for car loan."
      0.5 0.5/5 "Unacceptable"
      PLease read my review carefully because I am providing this review with personal experience. one of my friend bought car last year and taken car loan from TATA capital. but he failed in Cab business and he is not able to pay the EMI now. TATA capital is not letting him to transfer the loan and charging 15% ROI.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 03, 2018
    • HDFC Bank Car Loan
      "Processing fee was high"
      0.5 4.0/5 "Great!"
      I have taken a car loan from HDFC bank and the approved loan amount is 7.30 lakhs. The monthly EMI comes around 15083 with a rate of interest of 8.80%. The total tenure was for 5 years. There was some processing fees of 7000. The documentation process was good.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 22, 2018
    • Bank Bazaar Car Loan
      "Good approach"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar gave me good response and follow ups.At the time of my application the response was very fast. I got my car loan approved. They had provided me with best offers and i got best bank to choose. They provide value added vouchers as compliment.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 22, 2018
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