More than a luxury car is a necessity now a days. Every family plans for a home first and then a car to give maximum comfort to their families. Car loans are easily available which helps you to overcome your budget constraints.
Best car loan offers from all the lenders across the country are as follows
HDFC bank is one of the leading banks which Offers Car Loan for a new car , use car and loan against car. The most attractive feature is the higher loan ticket size with low rate of interest i.e. 9.86%. Various special seasonal schemes are offered to the customers. No hidden charges and full transparency is maintained. . Bank offers car loans up to 6 times the yearly income of its customers with tenure period of 7 years .Approval within 30 minutes is another catchy feature. Processing fees of Rs. 2825/- to 5150/- is collected depending on the amount of loan. New car bazaar is another website by HDFC bank where customer can compare cars, research information about cars, read reviews about cars by users and experts, locate dealers and a lot more! All this and much more all under one roof.
ICICI Bank is another competitor in market when it comes to car loans. It offers car loans for new car as well as for pre owned cars. Up to 100% finance is available on the ex showroom price. Repayment tenure is of 7 years. Fixed rate of interest i.e 10.75% is charged, other than this interest rate depends on the loan amount , tenure and profile of the customer. The most attractive feature is the Insurance cover for loan liability, which is repayable along with EMI itself. This ensures that family is not under burden to repay the loan.
AXIS bank offers car loan with special schemes and rates to its existing bank customers. 85% on road funding with 7 years tenure is offered. AXIS bank offers rate of interest 11% to 12% , processing fees of RS.3500 to Rs. 5500 and documentation charges of Rs. 300 from its customers. Axis bank offers fixed rate of interest which is among the most attractive feature in auto loan rates in India today.
State Bank Of India
State bank of India is one of the best public sector bank when it comes to car loans. Flexible repayment mode where in the borrower can choose the Emi date . He can repay any time in a month. 0.50% is the processing fees charged. Competitive Rate of interest i.e 10.40% for men borrower and 10.35% for women borrower for all tenures. The floating rate of interest is an attractive feature and interest is calculated on Daily Reducing Balance. No pre payment penalty or foreclosure charges.
Kotak Mahindra Prime Limited
Kotak Mahindra Prime limited.(KMPL) is one of the competitive players in auto loan market. Various schemes such as Margin money scheme, Step up Scheme, Low Emi (Balloon scheme) Advance EMI Scheme , enables to customers to select the best scheme as per the requirement.90% finance on the ex showroom price is available with flexible tenure of 12 months to 60 months. Rate of interest charged is 10.50% which is highly competitive as per the current market rate. Festival offers and time to time special schemes are offered by KMPL under the tie ups with various manufactures.: Loans