I have taken a car loan with HDFC Bank some time back, I had no issues with them. Its perfect in its own way. The total tenure is 7years, I have almost paid 6years only one year is left hardly. I have planned to take another loan with the same bank after closing this one. The rate of interest and processing fee offered by them is very much nominal.
11:50 AM - Nov 22, 2014
The experience with HDFC bank was disappointed. As they did not respond properly when I applied for a car loan. I did get a call after a week,but by the time I got the loan from some other bank. So I dropped the plan of availing the loan. I feel that HDFC bank needs a lot of improvement in their services.
06:02 PM - Nov 21, 2014
When I applied car loan through one of my friend in HDFC bank where they responded promptly. I was happy that I got my loan within a time span of 2-3 days. The entire process was hassle free. They offered reasonable interest rate of 10.50% with Rs.1200 as processing fees as per market.
06:55 PM - Nov 20, 2014
I had a very good response from HDFC bank when I applied for a car loan. The response was immediate. I was not able to avail the loan as the executives in the car showroom did not respond properly. The rate of interest was reasonable as well.
06:33 PM - Nov 21, 2014
There was no several follow ups as SBI has sanctioned car loan in a single visit. I thought that SBI being nationalized bank they would take several days to process the amount but my assumption was incorrect, where they completed in a short period of time. I mailed all my documents to bank so followed that in a single visit they sanctioned the amount. There are no penalty charges and no limit for part payment. Rate of interest they offered is 10.25%.
10:49 AM - Nov 21, 2014
Experience was wonderful with Axis bank and no issues with them but unfortunately car loan application got rejected due to bank norms. No idea about hidden charges and processing fee but they processed as per their commitment. My application got closed after submitting all necessary documents so what I would suggest is that, before collecting documents with customers bank should check whether customer is eligible for car loan.
06:28 PM - Nov 20, 2014
Hdfc bank responded promptly and within the stipulated time when I applied a car loan. I would say the customer executive followed up correctly and was asking for the details. As I just dropped my plan of purchasing the car I did not process the loan. Other than that their services was good. I am very impressed by the way HDFC follows up their customers till end remembering them.
06:12 PM - Nov 21, 2014
I think they offered 10.58% of rate for Car loan , which is competitive. Actually the part payment option is not much convenient with Axis bank as there is some limitations on it. Part payment option is only possible after six months so I stopped car loan with Axis bank. However, I am satisfied with Axis bank.
10:48 AM - Nov 21, 2014
The reason for applied my car loan from hdfc bank due to lower interest rates .They offered me 10.5% as interest rate which was comparitively lower than other banks. Documentation process was very good. I am quite happy by their services
05:30 PM - Nov 20, 2014
Am happy about the services of State bank of India in terms of availing car loan. It is 9.5% interest rate which is a reasonable rate offered. Even there is a partial payment option which I feel its good one. Even satisfied with customer service.
06:07 PM - Nov 21, 2014
The experience was very good when I applied for a car loan. I would say that the response was immediate. But as my eligibility terms and norms were not met with HDFC I was not able to avail the loan. Other than that the rate of interest and fees & charges were reasonable as per market.
10:26 AM - Nov 21, 2014
The experience when I applied for a car loan with HDFC was good. The loan was processed and disbursed quickly. I did not face any difficulties in the process. I would say that they are servicing good and they donâ??t require any suggestions. Even the fees and charges they levy is reasonable compared to other banks.
05:04 PM - Nov 20, 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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