This is the first time I have ever got the loan approved in 2 days, I was happy to be part of HDFC now, I cant tell any things more than this to make it complete, but as I said I am happy as they disbursed loan amount @ the promised interest rates,
04:26 PM - Oct 25, 2014
It was a good experience of availing a car loan from SBI in the month of Jan'2014. I chose SBI for availing the car loan because they offered me a floating interest rate of 10.75% and a maximum tenure of 7 years. This option is not available with most of the banks in the market. The processing was also very fast and they disbursed my loan within 7 to 10 days of time. Best part is there was no procesing fee at all.
12:55 PM - Oct 25, 2014
Car loan with Axis bank initially they said they need 2 years of income tax returns based on their requirement I have submitted later they need for 1 more year. It would be great if they have interaction face to face rather then informing everything in phone. They need to improvise on response part as their was no proper information given about the product.
05:17 PM - Oct 24, 2014
I had very good experience with HDFC bank when I availed Car loan with them. The offers and rate are competitive but there was some confusion in the rate of interest initially but later I got the rate which I was confirmed at the start of the process. The documentation process was less as my account is with HDFC bank and I just submitted few documents. It would be better if HDFC bank process the loan as faster without any delay. The processing fee could be reduced.
03:52 PM - Oct 25, 2014
I have postponed the plan of taking a car loan with ICICI. As everything is perfect, no issues so far. The rate of interest offered by them is really good and the processing fee is quite reasonable
I have planned to re-apply after 2 months . I would certainly get in touch with them after 2 months time.
06:15 PM - Oct 24, 2014
I think I got only one call from AXIS bank regarding my personal loan application. I was not interested to take the loan from them after we discussed about the rate of interest and charges. I feel the rate of interest & charges are bit on the higher side. I am not satisfied with the customer service and response as well.
05:17 PM - Oct 24, 2014
I got my car loan from axis bank with 10.85% as interest rates for 425000 amount. Personally I felt the rate of interest quite high compared with other banks. I committed to this bank along with my documentation that was the reason I choose this bank. Otherwise I would have chosen some other bank for my loan
03:17 PM - Oct 25, 2014
Service was very cool from hdfc bank for my car loan application. Within 24 hours the executive called me and arranged for collecting documents. They offered me 10.5% as per the market rate which was quite affordable . At the time of submitting the application along with documents I was not sure whether I am going to take car or not. Hence I decided to postponed the plan of availing now. Overall the guidance was very proper from them.
06:00 PM - Oct 24, 2014
HDFC contacted me twice or 4 times for my car loan application and they provided all the information though I was not available in the city at that time . I confirmed that I will be available in december. Quite competitive interest rates compared with other banks. It would be nice if they accept the application in any of the branches rather than the home branch
04:58 PM - Oct 24, 2014
HDFC was always best bank for me . Hence I selected this bank for my car loan . They filled up all my application form . They offered me 10.5% as interest rates . Meanwhile I applied with other bank wherein I have got loan approved also. No hassles from hdfc bank . HDFC will always fast and good
03:15 PM - Oct 25, 2014
Response was verygood when I applied for car loan from hdfc bank. The only thing I opted the other bank because hdfc wont have the prepayment option. I felt that the interest rate was good not too much . Quite competitive than other banks.May they can initiate the process of prepayment in future.
05:56 PM - Oct 24, 2014
When I applied for car loan the response was very prompt from hdfc bank. Personally I felt the policies are tougher than nationalized banks when I searched the information.The main concern was they are not having part payment and preclosure charges . However interest rates are quite affordable. It would be nice if they remove the charges and make the terms and conditions to be more easier to avail the loan
03:26 PM - Oct 24, 2014
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Minimum income required
Rs.2,40,000 per annum
Loan capped @
85% Ex-Showroom price
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 5 Yr years
|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|
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