It was through the car dealer I have availed the car loan from State bank of Mysore. Everything went smooth and my loan was disbursed within 3 days of time once the documentation process complete. They offered me a good rate of interest around 10.5%.
04:16 PM - Sep 01, 2014
I Availed Car Loan from HDFC the disadvantage is they charge for pre payment, interest rate when compare to other banks was bit high, ECS option and reminder message is very helpful, loan approval process was done in 4 to 5 days. Overall the service was quick.
01:19 PM - Aug 30, 2014
In the year 2005 I have availed a car loan from SBI. I had directly visited the branch of SBI and made my request for a car loan. The next moment they collected the required documents from me and they ensured my loan disbursement within 5 to 7 days. Only the follow up was not that good because they suddenly increased the rate of interest without prior notification. Rate of interest was around 10.5% and the processing fee & charges are reasonable.
06:19 PM - Aug 28, 2014
HDFC car loan provides good and quality customer service. They are very much faster in
processing the loan. I guess. this is one of the leading finance in India and they are known for their quality. I have approached them for a car loan this month and much happy with their services.
05:45 PM - Aug 28, 2014
My feedback for SBI is good, the customer service executives called me a they asked for too many documents like authority letter , salary slip and also details confirming all the salary deductions, in depth details about my deductions . I was not comfortable in disclosing all such details and the best part about SBI they offer the least rate of interest rate and very less processing fee.
04:47 PM - Aug 28, 2014
My recent experience of applying for a car loan with ICICI bank was pretty good. Everything was alright with ICICI bank however it is me who cancelled the application and post ponded my plan for the next 3 months. ICICI bank was overall very good and I have no problem. I think the rate of interest was also somehow OK.
11:58 AM - Sep 01, 2014
At present I dont have any plans to purchase a new car, probably after 6 months I might purchase a new car. I am happy with the rate of interest what ICICI has offered me for the car loan and its much better when compared with other Banks. The reason why, I prefer ICICI is because I hold an account with them and I like their services.
11:51 AM - Aug 30, 2014
I had recently applied for a car loan with ICICI bank. I did not avail the loan because I was in a little confusion in choosing the car model. I am not in a hurry as I am already holding the car however I have just post ponded my plan for sometimes. I got immediate response from ICICI bank and they explained me everything in detail about the loan. I would contact ICICI bank again once I finalize the car model.
06:18 PM - Aug 28, 2014
I got a car loan is that they its better communication to any cusotmer they should communicate rate and how to avial loan roi was ok i have approached them for they told me that they will communicate by Monday no calls i have availed finance theorugh the dealer itself form toher bank i have taken car loan
05:44 PM - Aug 28, 2014
I had opted for a car loan from ICICI bank in the year 2010. Interest rates are standard and the processing fee & charges are reasonable. At the same time the problem is the documentation part because the bank executive who collected the documents from me came back thrice for getting mandatory signatures on the forms. After 5 to 6 days of processing they disbursed my loan. Unfortunately my recent car loan application with ICICI bank has been close for some reason.
04:47 PM - Aug 28, 2014
It was a nice experience of availing a car loan from SBI. I have an account with SBI therefore I had visited the branch for availing a car loan. After I submitted all the required documents to the branch people they ensured my loan disbursement within 2 to 3 days. I was really happy with the rate of interest of 10.5%.
10:40 AM - Sep 01, 2014
I have approached ICICI for a car loan, unfortunately I have changed my plan. I have decided to purchase a used car, instead of new car . I am unable to comment more about ICICI, from my perspective they are very quick in response, as I got a call from them immediately with in an hourâ??s time. The rate of interest is 16% which is much higher, when compared with other Banks as other Banks are offering me at 13 to 15% interest.
10:35 AM - Aug 30, 2014
It was a good experience of applying for a car loan with ICICI bank. To be frank the response from ICICI bank was very good and executives followed up very well. They are always ready to send the person to my residence for collecting the documents. Meanwhile I opted for the loan from another bank which took the whole responsibility and processed my application quite fast. In terms of rate of interest they are not coming down from 10.5%.
05:54 PM - Aug 28, 2014
My feedback for SBI car loan is ok , the customer service executives called me a they asked for too many documents like authority letter , salary slip and also details confirming all the salary deductions, in depth details about my deductions . I was not comfortable in disclosing all such details and the best part about SBI they offer the least rate of interest rate and very less processing fee.
04:52 PM - Aug 28, 2014
ICICI Car Loan service is ok , there is no specific reason for dropping ICICI. I got a positive response from HDFC first, so I have taken a loan with them. I have holding a savings account with ICICI their service is really good overall their service is satisfactory.
04:44 PM - Aug 28, 2014
I have applied through on line for a ICICI Bank car loan, unfortunately I did not receive any calls till date and I have no way of knowing what has happened to that application . Mean while, I got a better offer else where I switched over. Finally, when everything was over I got a call from ICICI, by that time everything was completed it could have been better if they have provided me proper response on time.
06:53 PM - Aug 30, 2014
I have approached ICICI for a car loan , they asked me to submit certain documents. I got a call from them, as I was not holding FORM 16, I asked them to wait for 10 days . Mean while, I got a better deal from KOTAK Bank and I switched over to that Bank.
06:47 PM - Aug 28, 2014
I have recently availed a car loan from HDFC bank. Basically the car dealer is having some local connection and everything was taken care by the car dealer himself who ensured my loan disbursement within 2 days. Rate of interest was 10.25%. After availing the loan only I came to know that the rate of interest could have been negotiated. As a member of the bank the processing fee was reduced a little bit.
05:54 PM - Aug 28, 2014
My recent experience of applying for a car loan with ICICI bank was too good. Unfortunately I had to drop the plan of availing the loan from ICICI bank because my company has provided me the loan under car lease policy. I found my company's offer much better and really saved me time & money. It would be better if the rate of interest is reduced by ICICI bank.
04:50 PM - Aug 28, 2014
My recent experience of applying for a car loan with ICICI bank was fantastic. Unfortunately I had let my loan application close because of some financial crisis. Otherwise I would really appreciate the bank for their wonderful services. They responded timely on my loan application and provided good customer service overall.
04:42 PM - Aug 28, 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|