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    We found 8 Used Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    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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    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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    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
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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
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    Perks
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    Fees & Charges
    Good to Know
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    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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  • Used Car Loan is Rated as "Great!" by 34257 Users

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    Car Loan BYTES FROM OUR KITCHEN

    Used Car Loan

    Used cars, second-hand cars or pre-owned cars have become popular amongst consumers nowadays. This is mainly due to the establishment of several organised used car dealerships across the country. These reliable car dealerships ensure that the second-hand cars are certified and well-maintained. When purchasing a used car from a private dealer, you have to worry about whether the car is a stolen property or if it is in working condition. You can do without this sort of stress when dealing with a reputable auto dealership.

    The latest avatar of an age old adage is ‘old is sold’, and the rule applies to almost all our material possessions that are deemed aged, redundant and replaceable. A used car loan helps you procure an otherwise costly item that in mint condition would cost you a lot higher than its current ‘pre-owned’ state. Thus, allowing people with lower budgets to elevate themselves to the status of car owners. Aside from being a very comfortable option to purchase a ‘new’ car, a used car loan offers a dimension of simplicity, transparency and hassle free experience that is at par, and at times significantly higher than the corresponding car loan procedure for a new automobile. Want to own a car but are not willing to spend too much into the experience? What you seek is a well-maintained, reliable and springy used car that has aged gracefully, and consequently a second hand car loan to purchase it.

    Used Car Loans - Features and Benefits

      Used car loan
    • Immensely Pocket Friendly- Explained in simple associative terms, a second-hand car will cost less, thus, the pre-owned car loan financing it will also be a lesser number compared to its new-car alternative. Meaning, smaller monthly instalments to contend with.

    • Less Hassle, More Features- While most banks feature used car finance as an important component in their arsenal of products, the demand for it is naturally second to a new car loan. Thus, these products are customized to appear as customer friendly as possible. Meaning, lots of features and rebates at half the usual hassle associated with a new car loan.

    • Used Cars Are a Lot More Fun- When it comes to a pre-owned car, the choice of models isn’t dependent on its current on-road price. What would seem like a hefty investment for a new car of a particular model, seems very reasonable in the case of a second-hand car of the same make. Plus, the prospect of depreciation in pre-owned cars is considerably less when compared to new cars, thus retaining its original value when you intend to resell it at a future date. Importantly, the insurance costs of a pre-owned car is lesser compared to a new car.

    How to Apply for a Used Car Loan on Bankbazaar?

    On Bankbazaar.com, get a comprehensive glimpse of the various features, interest rates, eligibility criteria and required documentation for a second hand car loan as offered by an assortment of banks and financial institutions across India. All the information you want, in one complete package.

    • Calculate the applicable EMI and other essential loan details by using a variety of financial tools provided on the website.
    • A comprehensive listing of loaning banks- choose the one that meets your specific expectations.
    • Instant online loan application, followed by immediate approval based on the submitted information.
    • Robust customer support division to help you with concerns and queries.

    Applying for a Used Car Loan on Bankbazaar is a Simple and Intuitive 3-Step Process:

    Step 1- On Bankbazaar.com’s homepage, access the navigational menu that is located at the top of the page and select the LOANS menu item. Next, select the USED CAR LOAN option off the various loan types listed. The resultant page helps you get an instant quote in terms of a plethora of used car loan options, as offered by various banks. Complete the simple requisite information and click on the ‘Get a Quote’ button. Now, spread before you are the various loan options. It’s time to choose!

    Step 2- You must compare between the various second hand car loan options before you and select the one that most appeals to your requirements and budget.

    Step 3- After the submission of the online application, you will receive an instant e-approval from Bankbazaar.com. This application is next transferred to your chosen bank from wherein a customer support executive will get in touch with you within a short duration of time. Meanwhile, you can track your application through SMS alerts and email.

    How to Calculate Used Car Loan EMI on Bankbazaar.com?

    Used car loans are repaid through Equated Monthly Installments (EMIs). You can use the online car loan EMI calculator that is available on the bank website to find out how much your used car loan will cost you on a monthly basis. The tool is easy and simple to use. It can be used any number of times for free. You can enter varying combinations of the loan amount, interest rate, and loan tenure to get revised loan repayment schedules. The tool will display instant and accurate results in the form of an amortisation table which represents the periodic loan repayment schedule of your used car loan.

    The friendly financial tools available on our website make the whole EMI calculation process, as applicable to your old car loan, a simple and interactive effort. Essentially, follow these steps-

    1. Access the ‘Used Car Loan EMI Calculator’ tool.
    2. Note the two scales presented before you? One is marked ‘Loan Amount’ and the other, ‘Tenure’.
    3. Select the loan amount and the tenure applicable to you on these scales.
    4. Next, insert the applicable interest rate on your pre-owned car loan in the field marked ‘Interest Rate in %’, similarly insert the applicable processing fee in the field marked ‘Processing Fee (% of loan amount)’. Note that default values are already populated here- change them accordingly.
    5. Click on the ‘Calculate’ button to complete the process.
    6. Displayed before you is the complete breakup of the total interest due, monthly EMI and other relevant details. If you scroll down the page further, you will find a graphical representation titled ‘Your Amortization Details (Yearly/Monthly)’ that details the amortization information pertaining to your second hand car loan.

    Documents Expected When Applying for a Used Car Loan

    Based on individual banks, all or some of these documents will be requested to be produced at the time of the loan application,

    1. Proof of Age, Residence, Identification and Signature (Passport/Voter’s ID/PAN Card).
    2. Proof of Income (Salary slips/Form 16/ITR with income computation).
    3. Copies of the pre-owned car’s RC Book and Insurance records.
    4. Bank statement. Usually statements for the past 6 months will be required.
    5. Passport sized photographs (Minimum 2 nos.)
    6. Documentation or deed that establishes the credentials of a proprietorship or partnership firm.

    Eligibility Criteria for Used Car Loans

    The following list is a generalised view on the commonly expected requirements that form the basic eligibility criteria for second hand car loans. Banks, at their own discretion, may require additional proof and/or documentation to establish your eligibility for the said loan.

    • The applicant must be aged no lesser than 21 years nor be older than 65 years.
    • Must be a salaried individual, self-employed person, a proprietorship or partnership firm, a public sector undertaking, a private company, person currently employed in the agriculture sector or dependent industries.
    • In order to qualify for an old car loan, and if the applicant is a salaried individual, the net annual income of the said applicant and/or co-applicant together should not be lesser than Rs.3,00,000*.
    • If the applicant is a self-employed individual, proprietorship or partnership firm, then the net profit or total taxable income of said applicant and/or co-applicant together should not be lesser than Rs.4,00,000* per annum.
    • If the applicant is an agriculturist, the net annual income of the said applicant and/or co-applicant together should not be lesser than Rs.4,00,000* per annum.

    (* Numbers may vary for different banks)

    Applicable Interest Rates for Used Car Finance

    The situation with used car loan interest rates, as perceived by the loaning banks, can be summed up as ‘great risks, greater rewards’. The banks are funding an old car, thus the funds offered are lesser as compared to a new car loan. Also, most second hand car loans offer the option of pre-payment with a very nominal penalty- a situation that is a likely scenario in cases wherein the old car may suffer a functional meltdown through the tenure period, and the car owner might decide to repay the loan at one go. Thus, understandably, the interest rates on used car loans is greater when compared to new car loans. In terms of the popular reducing balance model, the interest rates offered by some popular Indian banksare as follows.

    Banks Interest Rates
    HDFC Bank
    • 15.25% to 17.75% (60 months)
    • 15.25% to 17.75% (48 months)
    • 15.25% to 17.75% (36 months)
    • 15.75% to 18.25% (24 months
    • 15.75% to 18.25% (Upto 12 months)
    • Corporate Rates 13.50% to 14.25%.
    State Bank of India (SBI)
    • 17.25% (Upto 36 Months)
    • 17.50% (Above 36 months).
    ICICI Bank 13.75% to 17%
    Bank of India (BOI) 11.45% (Upto 3yrs)
    Federal Bank 15.45% to 15.95%
    Axis Bank 16.50% to 18%
    Kotak Mahindra Bank 17% to 20%

    Refinance car loans

    Automobile refinancing is done by paying off an existing loan with a new loan. Refinancing a car loan is done for a number of reasons like reducing interest rates, lower the payments that have to be made every month or for other personal reasons. Most of the time people would want to lower the amount that they pay on a monthly basis towards a loan. This is done by either lowering the interest rates, by extending the loan payment period or by doing both.

    Sometimes a car loan borrower will want to add someone or remove their names from the car loan. Refinancing is an easy way to add or remove a cosigner to the loan.

    Top Used Car Loan Providers in India

    HDFC Bank- One of India’s premier banking organizations, the HDFC Bank is also massively preferred when it comes to used car loans. The bank has strategic tie-ups with a number of authorized pre-owned car dealers in India, and highlights its offerings with a commitment towards faster loan approval and convenient doorstep service. Some of the basic features and benefits of HDFC Used Car Loan are listed below-

    • Easy documentation- Loan is based on just an ID and address proof. No income documents needed.
    • Great Value- Assured funding of up to 100%.
    • Customer Centric- Transparent functioning and fixed interest rates. Very nominal down payment. EMI repayment not affected by fluctuation in the financial market.

    SBI Bank- India’s largest public sector bank is also a key player when it comes to used car finance. This loan applies for the purchase of a used vehicle that isn’t older than 5 years and may either be a passenger car, Multi Utility Vehicle (MUV) or Sports Utility Vehicle (SUV). The repayment tenure on offer is the longest in the Indian context, stretching upto 84 months. A listing of the features and benefits of SBI Used Car Loan are as follows-

    • Zero Advance EMI alongside the lowest EMI option in its class.
    • Long repayment tenure of 84 months/ 7 years.
    • Very nominal interest rates and processing fee (0.51% of loan amount).
    • Up to 85% funding depending on the on-road price of the car.
    • Pay EMI anytime through the applicable month.
    • Just 2% pre-payment penalty if you decide to finish the loan before the end of tenure.
    • Interest is calculated on the daily reducing balance model.
    • Provision for optional SBI Life Cover.

    ICICI Bank- One of India’s premier private sector bank, ICICI, is also a leading lender of used car loans. The loans on offer are highly customer centric and loaded with an attractive array of features and benefits that will appeal to the most discerning potential customer. The highlights of an ICICI Bank second hand car loan are as follows-

    • Loan up to 80% of the overall ex-showroom price.
    • Enjoy loan tenure of up to 5 years.
    • Very attractive rate of interest.
    • Easy documentation and hassle free loan approval process.
    • Availability of insurance cover for loan liability, repayable alongside the EMI.

    IndusInd Bank- An active player in the sphere of used car finance, IndusInd Bank offers comprehensive loan options when it comes to the purchase of a used car for personal or commercial use. The loan is offered for all makes and types of cars available in India. The salient features of this loan are as follows-

    • Attractive loan terms and efficient turn-around time.
    • Hassle free documentation and easy, fast track loan processing.
    • Transparent process with zero hidden costs.
    • Repayment tenure extends up to 60 months to suit the customer’s requirements.

    Capital First Used Car Loan - Capital First is a Non-Banking Financial Corporation that offers a wide variety of financial services to customers from different income groups with varying financial needs. One of its most popular products is the used car loan scheme called Used Car Elite Program, which offers finance for purchase of used cars at a low rate of interest. Customers can avail an LTV of 100% under this scheme. Some of the main features and benefits of Capital First Used Car Loan are as follows:

    • Quick and easy documentation - With minimal documentation and verification procedures, the loan will be processed by the company.
    • Low interest rate - Capital First offers an attractively lower rate of interest on their used car loan scheme, compared to other lenders.
    • Repayment - There is flexibility in the repayment options provided by the company and the borrower can choose an option that is best suited to his financial profile.

    TVS Credit Services Limited- The loans on offer here are very affordable, with the availability of a wide range of flexible pre-owned car loan schemes. The company also boasts of a quick turnaround time, robust customer service and adherence to a transparent and customer friendly loan approval and disbursement process. The salient features of TVS Credit Used Car Loans are as follows-

    • Funding to purchase any pre-owned car, manufactured in India and not older than a specified limit.
    • Hassle free, customer centric documentation and loan approval procedures.
    • Loan repayment tenures of upto 48 months.
    • Basic loan eligibility amounts to 15 times of the customer’s monthly income.
    • Open to salaried individuals, self-employed people, proprietorship or partnership firms, private and public limited companies.

    Used Car Loan - FAQ

    1. How to procure a used car loan?

      The ideal choice is to compare the various pre-owned car loan options available online and apply instantly through the same medium. The contacted bank will reach out to you at a later date to finalize and confirm upon the associated documentation and other details.

    2. When applying for used car loans, do I need a guarantor?

      No, most banks do not require a guarantor but may ask you to involve your parent/spouse/ offspring as a co-applicant if your income doesn’t meet the set eligibility criteria.

    3. What car models can I purchase with my allotted used car finance?

      Any automobile available in the market. Some banks may finance vehicles that are only manufactured by an Indian company, but usually there are no restrictions in terms of the type and brand of vehicle available on the menu.

    4. How much old car loan will likely be granted to me?

      Usually, the loans on offer fund anywhere from 80%-100% of the used car’s on-road price.

    5. Can I borrow an additional loan over my allotted second-hand car loan?

      This activity is known as ‘refinancing’ and it is a possibility with many banks. The value of the car can be encashed to meet your immediate monetary requirements, even while you actively continue to use the car. Ideally, you can avail upto 80%- 85% of the car’s valuation amount.

    Outlook Articles on Car Loan 2018

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      Whether you are starting a business or are planning to expand your current one, buying commercial vehicles from small or big manufacturers for the proper functioning of your business can cost you an arm and a leg. Therefore, the banks and non-banking financing companies (NBFCs) in India have come up with commercial loans that are offered to proprietorship and partnership firms, trusts, societies, schools, colleges, transporters, captive customers, public or private companies, and fleet owners in order to help them finance the purchase of their new or old commercial vehicle. In case of first-time buyers, the lenders might also offer a special discount or scheme. While these loans are easy to avail, they help business owners build a fleet without impacting the cash flow of the business. This kind of a loan requires minimum documentation and the loan amount is disbursed soon after the loan approval to help merchants buy the commercial vehicle they need at the earliest.
      Read More...

    • Best Car for Family in India

      Whether you are looking to buy a sedan or an SUV, purchasing a car that is suitable for a family is one of the biggest challenge that you can face while going through the multiple options available in the market by numerous car manufacturers. When you are looking to buy a family-friendly car, there are a number of factors that you should keep in mind before taking a decision such as comfort, affordability, durability, spaciousness, fuel efficiency, safety, entertainment, performance, etc. Learn about the best cars available in the market that are most suited for a family out of the plethora of options available and choose the one that fits your requirement the best. This will help you choose the best option according to your needs and aid you make an informed decision by selecting a car that not only you, but your entire family car enjoy traveling in.
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    • Best Mileage Diesel Cars under Rs.5 lakh

      Buying a car is one of the biggest investments that you make not only during the purchase, but also afterwards. In order to make a smart investment, you should look for a car that is easy on the pocket not only during the purchase, but also after you take it home. Car repairs, maintenance costs, price of spare parts, and fuel efficiency of a particular car play a key role in determining the cost that the owner has to bear over the years after the car purchase. Therefore, by purchasing a fuel-efficient car, an individual can significantly reduce the cost that he or she will have to bear in the upcoming years post buying a car. While car manufacturers are trying their best to top each in terms of fuel efficiency in order to entice the customers, it is often difficult for customers to decide which car is the best while keeping in mind their other requirements. Read further to see the diesel cars available in the market offering the greatest mileage and take your pick depending upon your requirements.
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    Used Car Loan Reviews

    • Bank Bazaar Car Loan
      "Good response and fast approval"
      0.5 4.5/5 "Excellent!"
      I got good response through bankbazaar. The executives were very helpful. I applied for a car loan though bankbazaar. The procedure was very easy and simple. They have the comparison option which we can easily compare with all the financial sectors.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • TVS Credit Services Car Loan
      "TVS car loan"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan from TVS CREDIT SERVICES and the approved loan amount was 1.90 lakhs. The rate of interest was 14%. The monthly emi is 16000 for tenure of 13 months .There was some processing fee from TVS credit services. Easy documentation done.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • HDFC Bank Car Loan
      "HDFC car loan"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan from HDFC bank and the approved loan amount was 4.99 lakhs. The rate of interest was 8% flat. I have taken the tenure of 4 years.They have charges for paper work around 2500. And 19000 for GPS. They have forced me to take the GPS and a loan insurance of 3500.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. Customer service was good and the tenure for this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2018
    • Bank Bazaar Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Previously i had an experience while i applied fro a credit card through bankbazaar and thus i came to know that they even provide loan facilities. Later i applied for card loan and the it got approved with the time limit. I am satisfied with bankbazaar service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2018
    • Kotak Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Around 2 years ago, I have got the car loan from the KOTAK MAHINDRA BANK. The customer support service and the response is good from the Kotak and they have disbursed the loan amount within a week time. The rate of interest and the charges are average here.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 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 5.40 lakhs. The rate of interest was 8.75%. First it was 8.25% and since the financial year got changed the interest got changed to 8.75%. The monthly emi is 11658 for tenure of 5 years .There was a processing fee of 4000.
      Was this review helpful? 0
      , kochi
      Reviewed on May 18, 2018
    • Bank Bazaar Car Loan
      "Fast approval for loan"
      0.5 3.0/5 "Satisfactory"
      I just used bankbazaar to calculate my EMI and later i got processed with my car loan through bankbazaar. The credit score checking option with bankbazaar was good.It was really helpful to use this website .The customer service and response with the bank is fine.
      Was this review helpful? 0
      , kochi
      Reviewed on May 18, 2018
    • TVS Credit Services Car Loan
      "TVS credit car loan"
      0.5 4.0/5 "Great!"
      I have taken a car loan from TVS CREDIT SERVICES and the approved loan amount was 2.26 lakhs. The rate of interest was nominal. The monthly emi is 6100 for tenure of 5 years.There was a processing fee was 3% of the approved. The customer service and response was good.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on May 17, 2018
    • TVS Credit Services Car Loan
      "Good banking"
      0.5 4.0/5 "Great!"
      I have taken a car loan from TVS CREDIT SERVICES and the approved loan amount was 2.80 lakhs. The rate of interest was 15%. The monthly emi is 9500 for tenure of 40 months .There was no processing fee from TVS credit services. Easy documentation done.
      Was this review helpful? 0
      , karimnagar
      Reviewed on May 17, 2018
    • Bank Bazaar Car Loan
      "Friendly website"
      0.5 4.0/5 "Great!"
      The website is user friendly and easy to navigate. The bankbazaar team gave me regular follow ups and intimated every status regarding my loan application with TVS credit services and i am really satisfied with the procedure and response from bankbazaar.
      Was this review helpful? 0
      , karimnagar
      Reviewed on May 17, 2018
    • TVS Credit Services Car Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have taken a car loan from TVS CREDIT SERVICES and the approved loan amount was 4.17 lakhs. The rate of interest was 14%. The monthly emi is 10490 for tenure of 5 years.There was a processing fee of 1% of the approved loan amount. The customer service and response was good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2018
    • Bank Bazaar Car Loan
      " Comparable among banks"
      0.5 4.0/5 "Great!"
      The service provided by bankbazaar is comparable regarding the financial products. In bankbazaar there are lots of banks. We can choose the best offer with the best interest. Comparison is very helpful and time saving.The executives are very good and supportive. The website was really easy to navigate.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2018
    • TVS Credit Services Car Loan
      "TVS credit car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from TVS CREDIT SERVICES and the approved loan amount was 3 lakhs. The rate of interest was 9.10%. The monthly emi is 10260 for tenure of 3 years.There was a processing fee of 3700. The documentation was very easy.
      Was this review helpful? 0
      , ahmednagar
      Reviewed on May 17, 2018
    • Bank Bazaar Car Loan
      "Good portal for financial needs"
      0.5 3.0/5 "Satisfactory"
      I have experienced the online portal of bankbazaar. I have applied for the car loan with HDFC through bankbazaar.The executives are very good and supportive. The website was really helpful and easy to navigate.Its a better platform were we can get connected to bank easily.
      Was this review helpful? 0
      , ahmednagar
      Reviewed on May 17, 2018
    • TVS Credit Services Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from TVS CREDIT SERVICES and the approved loan amount was 3.40 lakhs. The rate of interest regarding the loan has not been shared. The monthly emi is 9093 for tenure of 5 years.There was a processing fee for the RC transfer. Other than that i was really a friendly service.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 17, 2018
    • Bank Bazaar Car Loan
      " Friendly and Convenient "
      0.5 5.0/5 "Blown Away!"
      Bank bazaar website is much friendly and convenient for the financial product. i approached bankbazaar to take a car loan. The process was simple and well good. . They gave me regular follow up calls regarding the application.The executive were very helpful and polite in providing the service.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 17, 2018
    • Bank Bazaar Car Loan
      "Comfortable with bankbazaar"
      0.5 3.0/5 "Satisfactory"
      I can consider this website in future.The customer service is very much comfortable with bankbazaar as they have cleared all the query regarding my application of car loan. The process was simple and quick. The website provide all the option and we can find different products.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on May 17, 2018
    • HDFC Bank Car Loan
      "Approachable for car loan"
      0.5 4.0/5 "Great!"
      I have taken a car loan from HDFC bank and the approved loan amount was 8 lakhs. The rate of interest was 9%. The monthly emi is 16750 for tenure of 5 years.There was a processing fee. They have taken a loan insurance of 6000 which was not mentioned and was taken from my loan amount.
      Was this review helpful? 0
      , silvassa
      Reviewed on May 16, 2018
    • Bank Bazaar Car Loan
      "Good relation"
      0.5 5.0/5 "Blown Away!"
      With bankbazaar i do have good relation. I have applied for a car loan through bankbazaar only. I good response an follow up calls, Easy to compare among different banks.The website is very easy to understand. More than all, they are very much stable.
      Was this review helpful? 0
      , silvassa
      Reviewed on May 16, 2018
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