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User reviews
  • Axis Bank CL overall it was good approval got in just 2 days representative came home and did all the formalities. Overall satisfied with customer service good response and rate of interest no suggestion it was nice service provided very much satisfied.i want to give 4.5 star out of 5.

    m chavda, jamnagar
    4.0/5 "Great!"
  • I was very happy on receiving the car loan from HDFC bank. Very less & easy documentation and the processing time was just three days. I was actually helpless when I visited the branch as I couldn't find the right person to complete the loan process. Rate of interest was fine.

    4.0/5 "Great!"
  • My experience of availing a car loan from HDFC bank via bank bazaar was good. Documentation was very simple & fast and the processing of the loan was completed within a week. I am quite satisfied with the rate of interest, processing fees & other charges.

    5.0/5 "Blown Away!"
  • Had a very good experience of availing a car loan from HDFC bank recently. Documentation was quite easy & good. Processing time was around 7 days because of little delay from the bank. Rate of interest is good and I am satisfied. I would suggest the bank to clearly explain the documentation needed.

    VISHAL KUMAR, kolkata
    5.0/5 "Blown Away!"
  • Everything was done on a single day ICICI Car loan is very quick there are no complaints they followed me every well and they came to my place and all my documents were collected on time and I got my car very quickly it was unbelievable and I really happy with their service and overall its good.

    RAJESH AV, chennai
    5.0/5 "Blown Away!"
  • I applied for the car loan with Axis bank the processing and the documentation was very quick and the customer service executive Mr Deepak who took the initiative in completing the process in quick time and the whole process got completed in four days, the overall service was good.

    5.0/5 "Blown Away!"
  • It was a great experience of availing a car loan from HDFC bank. I was very happy that the documents were collected from the me at the door step and the executive who collected the documents was very friendly & helpful. Processing time was just 4 days and I was fully satisfied with HDFC bank services.

    4.5/5 "Excellent!"
  • I applied for the car loan from Axis Bank the processing and the documentation very good and it was very transparent and the customer service executive Mr Chetan who took the initiative in completing the process and the whole process got completed in a weeks time.

    JAISIMHA CHANDRA, bangalore
    4.5/5 "Excellent!"
BankBazaar Car Loan is Rated as "Great!" by 1225 Users
 4.0 / 5.0   by 1225 users
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Fees & Charges

Promised Interest Rate

Customer Service



You're probably eligible for a Car Loan if you are

Car Loan Minimum Age

At least 21 years old

Car Loan Maximum Age

Less than 65 years old

Car Loan Eligible Employment Type

Salaried / Self - Employed
with regular income

Car Loan Minimum Income

Earn more than the minimum
income required

Your Car Loan amount eligibility is based on these factors

Car Loan Minimum Salary

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

Car Loan Maximum Loan Funded

Loan capped @
85% Ex-Showroom price

Car Loan EMI

EMIs of other loans lower
your eligibility

Increase your eligible Car Loan amount by these steps

Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Choose longer tenure loan up to 5 Yr years

Documentation needed to apply for an 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

Car Loan Interest RatesUpdated on 01 Aug 2014

Car Loan Details
Interest Rate (Monthly reducing balance) 13.49% - 34%
Processing Fees 0.5-2.5%
Loan Tenure 1 year to 5 years
Pre-closure Charges 2% - 5%
Guarantor Requirement No guarantor required

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rated 4.0 /5.0
by 1225 users
Over 5,00,000 Happy Customers with loans & cards
Hdfc Bank CITI Bank ICICI Bank AXIS_BANK Bajaj Fin Serv Bank Magma Standard Chartered Bank Indusind Bank American Epress Bank DHFL SBI Card Tata Capital Fullerton Bank Credila HDFC
Compare multiple options and choose the one that best suits you

Compare the best car loan offers in town and locate the lowest rates!

Offers to Compare
Over 25 offers to compare!

This is our forte- helping you compare the finest deals. Additionally, we'll handpick offers that suit your profile and present the best rates from several banks, so you can make a thoroughly-informed decision.

Breaking Down Offers
Breaking down offers

We're obsessed with giving you a 365 degree view of offers. So, we'll break it down for you - EMIs, eligibility, maximum amount that can be borrowed, fees, hidden charges... no more getting fooled by the fine print!

Why Apply Online
Cheaper than dealer

There's a good reason why thousands of customers choose BankBazaar- we're cheaper than most dealers. Best part- by applying here, you can get the lowest rates AND still demand all those freebies from your car dealer!

Cheaper then Dealer
Why apply online?

You don't have to fight for parking space! Jokes apart, applying online will help you save time and money; plus, you'll be able to use the services of our super-friendly customer service team at anytime and get all your queries answered.

Comparing Best Car Loans
Done comparing! Now what?

We showcase the best loan offers and help you compare them... what next? Well, we'll aid you in applying to the bank of your choice and work with you right up to the delivery of the loan!

Still have a gazillion questions?
Still have a gazillion questions?

Think of BankBazaar as your loan-savvy buddy! Our customer support team is at your service to clear doubts on eligibility, offers, procedures and documentation, and help you apply. They'll even co-ordinate with the bank to get you your loan on time.

Connect to the Bank
We'll connect you to the bank

We know the bank guys really well! So, if you want to talk to a bank representative or get help on your loan application, we won't just connect you to them; we'll also do the follow-up on your behalf.

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