Experience was very good and am pretty much happy in availing car loan from HDFC. Services are entirely quick and got the loan at the short point of time. Interest rate is as per the market rate. Overall excellent and great.
06:15 PM - Dec 20, 2014
The problem i faced with HDFC is in terms of car loan. I did get information that its a pre approved loan, collected documents however later part it was rejected. I had committed with the dealer and had paid full amount of cash to get my car. Later then, they did disbursed the car loan after 3 weeks. Its totally disappointing inspite of being a preferred customer of HDFC, they haven't considered my issue and there was hypothication in RC related to car.
10:18 AM - Dec 20, 2014
I have taken a car loan with ICICI Bank. Processing fee charged by them is hardly rs 1500 and I would say its relatively high. The rate of interest offered by them is 10.5%. I am very much happy with the service offered by them and overall its been great.
05:34 PM - Dec 19, 2014
Five years ago I took car loan with Kotak Mahindra bank and I am going to complete the tenure so cannot recall the interest rate but I think it is between 9 to 13%. Interest rate seems to be high so bit dissatisfied. EMI date is 9th and it is getting deducted automatically from my account. Car loan procedures are good in Kotak so I would recommend to my friends.
05:43 PM - Dec 20, 2014
It was smooth process and the loan amount was disbursed faster but the interest rate offered is bit high as the rate is 10.5% for car loan. HDFC bank deducted Rs.1000 for processing charge. I availed car loan for tenure of 5 years and fore closure is post 24 months but no idea about charge. HDFC bank is good so they have to continue it.
10:17 AM - Dec 20, 2014
ICICI Bank carloan is good. The entire process took 15 days time to get over. I believe its because of holidays the process was delayed. When compared with any other Bank the rate of interest offered by ICICI bank is very less. To summarize great service offered by ICICI Bank.
05:33 PM - Dec 19, 2014
I did get the car loan from HDFC very easily. There was a huge support provided by the particular executive and there is a part payment option. Rate of interest is quite great. Overall whatever was done was great.
11:33 AM - Dec 20, 2014
Its been very good and the executive of HDFC had been so cooperative. Even the interest rate was quite reasonable and lesser than other banks. The time of disbursal was quite delayed due to certain issues from the bank side. Overall services was quite satisfactory.
10:00 AM - Dec 20, 2014
I have taken a car loan with Bank of Baroda. They processed my loan very quickly.Rate of interest offered by them is fine. Bank of Baroda has offered me a tenure of 7 years where was other Bank does not. They have given a reducing rate of interest where as othe r Banks are offering a flat rate.
03:49 PM - Dec 19, 2014
The services overall was good however the issue faced was with the executive of HDFC. He was not quite professional and was not carrying the ID card, hence I did felt that its the right person to whom I am submitting the documents. Other than that, rate of interest is good.
10:52 AM - Dec 20, 2014
The car loan which I have with ICICI bank is really good. They responded on time. The loan was processed in a time span of 24 hours which was good. The processing was very fast and quick. I am having this for the past one year and yet I dont have any issues.
06:20 PM - Dec 19, 2014
I have taken a car loan with ICICI Bank. I got a very good response from them. Everything is fine. Unfortunately, I have cancelled it because it was my bank which has offered me a better interest rate and more over its a nationalized bank as well. So I have switched over to BOB.
03:44 PM - Dec 19, 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|
There are plenty of reasons to buy a car. Off the top of our heads, we’ll tell you: long, happy drives with your family to fun destinations, no more haggling with mean auto rickshaw drivers, avoid being packed like a tin of sardines in a bus, immunity to public transport strikes, the “cool” factor, your own choice of music… The list goes on. Get from Point A to Point B or Point Z and back with some new commuting adventures thrown in. Don’t have the funds for it? No worries. Simply apply for a car loan and in just a few EMIs, you’ll have your own set of wheels. Let’s fulfill your dreams today.
BankBazaar is your finance-savvy buddy you can turn to any time for the most trusted advice on and solutions to your personal finance needs. With tie-ups with leading banks and financial institutions providing car loans, you search ends here! On our user-friendly site you can: