Car Loan Bangalore

Get Tailored Car Loan Quote from best dealers:

Car Loan Interest Rates

Bank Name

Interest Range

Loan Amount

hdfc

9.35% Onwards

Upto Rs. 03Cr.

What you'll love
  • No guarantor required
  • Conditional pre-closure - only after 1 year
Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph
Eligibility Criteria
  • Age at least 21 and less than 60
  • Be earning at least Rs.20,000 per month net income (Rs. 25,000/- in Madhya Pradesh)


icici

7.75% - 17.56%

Rs 1L Min

What you'll love
  • No guarantor required
  • Conditional pre-closure - only after 6 months
Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph
Eligibility Criteria
  • Age at least 23 and less than 65
  • The person must have a monthly income of Rs.15,000 or more


yes

10.25% - 12.25%

Upto Rs. 5Cr.

What you'll love
  • No guarantor required
  • Conditional pre-closure - only after 6 months
Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph
Eligibility Criteria
  • Age at least 22 and less than 58
  • Minimum income required is Rs. 25,000 per month


A car loan (also known as an automobile loan, or auto loan) is a sum of money a consumer borrows in order to purchase a car. Generally speaking a loan is an amount of money that is lent to an individual, a business, or another entity. The party that lends the money is known as the lender, while the party borrowing the money is called the borrower.

A car title loan (also known as an "auto title loan" or simply "title loan") is a short-term loan in which the borrower's car title is used as collateral

When it comes to car loans in India, in general, the following features and benefits are offered. Note that, the following is a generalized look at the advantages offered by car loans.

Car dealerships in India are committed to providing quality services across all areas of car servicing and maintenance. Majority of car showrooms in India have tie-ups with the automakers to impart training to their technicians in maintenance, diagnostics, system check, etc. Staff training and mushrooming the facilities is a continuous process taken up by dealers to ensure that customers receive the best value for the money they pay. Right from sales of brand new cars and used cars to periodic maintenance and customer support, the dealership outlets offer a wide variety of services. Nowadays, most dealers list out their services online to ensure a seamless customer experience without requiring face-to-face interactions.

car-loan
Types Of Car Loans
  • Standard loan (bank, credit union, etc)
  • Commercial Hire Purchase
  • Finance Lease
  • Novated Lease
  • Operating Lease
  • Chattel Mortgage

  • A car loan helps you purchase a better car than the one available in your budget.
  • It allows you to procure a vehicle quickly- without spending too much time arranging for the money through the time-tested concept of 'saving for it'.
  • It helps you manage the cost of purchase of the new car by spreading it across a longer duration of time.
  • Thereby, this keeps you in control of your spending and makes the car much easier to pay for.
  • Procuring a car loan is usually simple when compared to other loan products. Individuals with slightly unsavory credit scores can also hope to procure one. However, this option differs from bank to bank.
  • Aside from being a purely transport option, the car serves as a confidence booster and your means to assert the hard-earned financial freedom.

The following people are eligible to apply for a New Car Loan:

    Salaried Individuals:
  • This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
  • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  • Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant
  • Individuals who have a telephone/post-paid mobile
  • Self Employed Individuals and Professionals (Sole Proprietorship):
  • This includes self-employed sole proprietors in the business of manufacturing, trading or services
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
  • Those who have been in business for a minimum of 2 years
  • Should earn at least Rs. Rs. 3,00,000 per annum
  • Self Employed Individuals and Professionals (Partnership Firms):
  • This includes self-employed partners in the business of manufacturing, trading or services
  • Those who have a minimum turnover of Rs. Rs. 3,00,000 per annum
  • Self Employed Individuals and Professionals (Private Limited Companies)
  • This includes individuals who own a private company in the business of manufacturing, trading or services
  • Should earn at least Rs. Rs. 3,00,000 per annum
  • Self Employed Individuals (Public Limited Companies):
  • This includes directors in public limited companies that are in the business of manufacturing, trading or services
  • Should earn at least Rs. Rs. 3,00,000 per annum


    Salaried Individuals:
  • Any of the following identity proof documents:
  • Aadhar Card
  • Passport
  • PAN Card
  • Voters ID Card
  • Driving License (recent, legible, laminated)
  • Latest salary slip and Form 16 as income proof
  • Any of the following documents as address proof:
  • Aadhar Card
  • Ration Card
  • Driving License (recent, legible, laminated)
  • Voters ID Card
  • Passport Copy
  • Telephone Bill
  • Electricity Bill
  • Life Insurance Policy
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Sole Proprietorship):
  • Any of the following identity proof documents:
  • Aadhar Card
  • Passport
  • PAN Card
  • Voters ID Card
  • Driving License (recent, legible, laminated)
  • Latest Income Tax Returns (ITR) as income proof
  • Any of the following documents as address proof:
  • Aadhar Card
  • Ration Card
  • Driving License (recent, legible, laminated)
  • Voters ID Card
  • Passport Copy
  • Telephone Bill
  • Electricity Bill
  • Life Insurance Policy
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Partnership Firms): All the following documents as income proof:
  • Audited Balance Sheet
  • Profit & Loss Account of the previous 2 years
  • Company ITR for the previous 2 years
  • Any of the following documents as address proof:
  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment Act Certificate
  • SSI Registered Certificate
  • Sales Tax Certificate
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Private Limited Companies) All the following documents as income proof:
  • Audited Balance Sheet
  • Profit & Loss Account of the previous 2 years
  • Company ITR for the previous 2 years
  • Any of the following documents as address proof:
  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment Act Certificate
  • SSI Registered Certificate
  • Sales Tax Certificate
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Public Limited Companies): All the following documents as income proof:
  • Audited Balance Sheet
  • Profit & Loss Account of the previous 2 years
  • Any of the following documents as address proof:
  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment Act Certificate
  • SSI Registered Certificate
  • Sales Tax Certificate
  • Bank statement of the previous 6 months

Simple Loan Process

Turning Money Problem Into Solutions
loan icon

Choose Loan Amount

Choose your loan amount and terms to use loan

doc icon

Provide Document

Need to provide some basic document to verification

approved icon

Approved Loan

Our loan specialist ask fews question and verify docuements.

amount icon

Get your Money

Once loan aprroved you get loan amount credit.

Quick loan Process

Quick Loan
Approvals

Customer Satisfaction

Customers
Satisfied

No Hidden Charges

No Prepayment or
Hidden Fees

Best After Sales Support

Best After Sales Service