Car Loan in Bangalore

About Car Loan in Bangalore

Bank NameFloating Interest RateProcessing Fee
ICICI12.75 %5% on the outstanding principle
IIFL12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
HDFC8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned
Bank of baroda9.15 %Nil
Federal Bank9.20%Rs 1500 to Rs 2500
AXIS12 %Rs.3500 to Ra.5500
TATA CAPITAL12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
Kotak Mahindra Bank11.50% to 13.50%N/A
IndusInd bank10.65 %1% of the loan amount
RBL BANK12 to 14 %1% of Loan amount.
HDB bankN/AN/A

About Bangalore

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Popularly known as the “Garden city”, Bangalore-officially now called as Bengaluru is the capital of Karnataka. The city is also popularly known as “the Silicon Valley of India”.

Bangalore is a bustling cosmopolitan city, having a pleasant atmosphere all round the year. It is the third largest and the most livable cities of India, which contributes the major GDP after cities like Delhi, Mumbai, Chennai. Many notable institutions are located in the city such as Defense Research and Development Organisation(DRDO), Indian Space Research Organisation (ISRO), Indian Institute of Sciences (IIS), Indian Institute of Management (IIMB), National Aeronautics laboratory(NAL) and National Law School. Popular tourist spots of the city include Bannerghatta National Park, Bangalore Palace, Cubbon Park.

About car Loan in Bangalore

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Car Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Car Loan in Bangalore also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to Rs. 5000 on loan disbursal. Get ready to build a stronger tomorrow.

Eligibility Criteria for Car Loan in Bangalore -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Bangalore and help you with flexible eligibility criteria.

Salaried Individuals

  1. Any one aged between 21 to 60 years is eligible for a car loan.
  2. Good credit score is required for the car loan.
  3. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  4. A salaried individual should have the employment stability of at least 1 year with the current employer

Self-employed individuals -

  1. Any one aged between 21 to 65 years is eligible for a car loan.
  2. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  3. A self-employed individual should have the business stability of at least 2 year with the current employer

Documents Required for Car Loan in Bangalore

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  1. KYC documents like Voter ID Card, Electricity Bill, Aadhaar Card, PAN Card, Passport, Ration Card, and Driving License
  2. Salaried individuals need to furnish salary slips for the last 6 months
  3. Self-employed individuals need to showcase Income Tax Return (ITR) for the last 2 years
  4. Pro-forma invoice of the vehicle
  5. Your net worth proof like that of fixed deposits
  6. Signature verification proof
  7. 2 recent size passport photographs

Benefits & features of taking a Car Loan in Bangalore

If you are falling short of funds for buying a car, go for a Car Loan. At Bangalore, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for Car Loan. Apply at Afinoz, and we will help you avail the Car Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your Car Loan eligibility and suggest you the best available options in Bangalore. Our process is driven by automated technologies, and we help you get low EMI Car Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Car Loan Balance to save on money. Some lenders charge fee for a balance transfer.

STATE BANK OF INDIA

About

State Bank of India (SBI) is India’s multinational public sector banking and financial services company. SBI was established in 80 and is headquartered in Mumbai, Maharashtra. The bank is the largest bank in India with a % market share in assets. State Bank of India operates a network of , branches and 9, ATMs in India and internationally. SBI operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business channels. It extends a comprehensive range of banking products and services to individuals, commercial enterprises, corporates, and government bodies, and institutional customers in India and internationally. Its personal banking services include current accounts, savings accounts, term and recurring deposits; personal, home, auto, and education as well as loans against property and securities; and wealth management, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, and pension policy, as well as cards and inflation indexed national savings securities cumulative bonds. It also provides corporate banking services including corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer financing, channel financing, equipment leasing, loan syndication, financing Indian firms overseas subsidiaries or JVs, and construction equipment loans. In addition, the bank offers NRI services, such as accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; loans, supply chain finance, and deposits and transaction banking services for SME customers; and international banking services.

Banking

MoBile Banking,
Internet Banking,
Wholesale Banking,
Retail Banking

Product

Banking, Loans, Deposit

Card

SBI Card ELITE,SBI Credit Cards,Air India SBI Platinum Card,Air India SBI Signature Card,SBI STYLEUP Contactless Credit Card,IRCTC SBI Platinum Card,Doctor's SBI Card, SBI Card ELITE Advantage

Insurance

. Individual Insurance:sbi life- eshield, sbi life - poorna suraksha, sbi life - sampoorn cancer suraksha, sbi life- elncome shield, sbi life- smart shield,sbi life - saral Shield, SBI Life - Saral Swadhan +, SBI Life- Smart Swadhan Plus, SBI Life - Grameen Bina. . Corporate Insurance Plan: SBI Life - Kalyan ULIP Plus, SBI Life- CapAssure Gold, SBI Life - Gaurav Jeevan, SBI Life- Pradhan Mantri Jeevan Jyoti Bima yojana, SBI Life- Sampoorn Suraksha

Branch

ZONALOFFICE BENGALURUHSR LAYOUT, BANGALORESERVICEBRANCHBANGALOREGOC BANGALOREKENCHANAPURA CROSSHESARAGHATTA MAIN ROADTHINDLUNAGAVARASUBHASHNAGARNAYANDAHALLIANANTHAPURA GATEANDRAHALLIBHARATHNAGAR II PHASESRINIDHI LAYOUTDAIRY CIRCLEVIJAYA BANK LAYOUTNAGANATHAPURAVISVESVARAYA LAYOUTHSR II SECTOR PARANGIPALYAAECS B LAYOUTHOSAKEREHALLIBELLANDURELECTRONIC CITYSRINAGARCHIKKAJALASATHANURR G UNIVERSITY OF HEALTH SCIENCEHORAMAVUCCPC II BANGALORESMEC KORAMANGALASECTOR-1,HSR LAYOUT,BANGALORERICHMOND ROAD, BANGALOREYELAHANKABAGALURR A S E C C BENGALURURACPC YELAHANKABEGURSANDEEP VIHAR AWHC, WHITEFILEDSAINAGARBANAGIRINAGARKOLAGONDANAHALLIKOTHNUR DINNEADUGODIVARTHURYELAHANKABHOOPSANDRALINGARAJPURAMHANUMANTHANAGARCHANNASANDRARACPC WHITEFIELDBTM 1ST STAGE BANGALOREDASARAHALLIKALYAN NAGARKOTHANURDODDAKALLASANDRAJ P NAGAR IIND PHASEKUDLUPBB BELLANDURGOTTIGERESURYA NAGARMAHALAKSHMIPURAM BRANCHKARNATAKA LAYOUT KURUBARABALLITHUBARAHALLI BRANCHALL WOMENS BRANCH, INDIRANAGARPANATHUR BRANCHDOMLUR BRANCH, BANGALOREANDRAHALLIVIBHUTIPURA, BANGALOREHMT AREA, BANGALOREPEENYA INDUSTRIAL ESTATE, BANGALORE.MALLESHWARAM SIXTH CROSS, BANGALORESUBBAIAH LAYOUT, BANGALOREMUNNEKOLALU, BANGALOREYEMALUR BANGALOREK R PURAM, BANGALOREHOODI, BANGALOREVISHWESHWARAIAH LAYOUT, BANGALORESPECIALISED NRI BRANCH, J P NAGARBEML LAYOUT, RAJARAJESWARINAGARGIRINAGAR 3RD PHASE, BANGALOREJAKKASANDRA, BANGALOREKASAVANAHALLI, BANGALOREPBB HSR LAYOUT, BANGALOREPHASE II, ELECTRONICS CITYSMECCC, PEENYA, BANGALOREADMINISTRATIVE UNIT, ZONAL OFFICE, ZONE2, NETWORK II, BANGALOREJAYANAGAR 8TH BLOCK, BANGALOREBELLANDUR, BANGALORERMV 2ND STAGE, BANGALORENEW TIPPASANDRA, BANGALOREJAYANAGAR 7TH BLOCK, BANGALOREJP NAGAR 4TH PHASE, BANGALOREDWARKANAGAR, BANGALORESARAKKI, BANGALORERACPC BANASAWADI, BANGALORERACPC KORAMANGALA, BANGALOREDODDANEKUNDISME CCC, JPNAGAR, BANGALORESME KORAMANGALA, BANGALORERAJAJINAGARE BLOCK, BANGALORESURATHKAL CITYINNER RING ROAD, DOMLUR, BANGALOREBRIGADE METROPOLIS, BANGALOREAKASH NAGARNAGASHETTIHALLI, BANGALOREDLF NEWTOWN, BANGALOREKATHRIGUPPE, BANGALOREHULIMAVU, BANGALOREHENNUR ROAD BANGALOREBTM 4TH STAGE, BANGALORESPECIALIZED AGRI COMMERCIAL BRANCH, BANGALORESPL MID CORPORATE BRANCH, BANGALORERCPC, BANGALORELAGGEREAJJAMPURAGANDHINAGARATTOOR LAYOUT, BANGALORECOFFEE BOARD LAYOUTDOCUMENT ARCHIVAL CENTRE DAC BANGALOREBASHATTIHALLI INDL.ESTATECURENCY ADMINISTRATION CELL, BANGALORE SOUTHCAC BANGALORE NORTHFSLO, BANGALORE

ICICI BANK LIMITED

About

ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.

Banking

Internet Banking
Mobile Banking
Pockets

Product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension SchemeAgri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro BankingForex

Loans

Home LoanCar LoanPersonal LoanEducation LoanGold LoanLoans Against SecuritiesCommercial Business LoanPradhan Mantri Mudra YojanaStand-Up India SchemeTwo Wheeler LoansBusiness Loan

Card

Credit Card Coral Rubyx Sapphiro Emeralde Diamant MakeMyTrip Jet Airways HPCL Ferrari Manchester United Platinum Amazon Pay Unifare MetroDebit Card ICICI Bank Coral+ International Debit Card ICICI Bank Sapphiro International Debit Card ICICI Bank Rubyx International Debit Card ICICI Bank Coral Paywave International Debit Card Manchester United debit card Manchester United Coral debit card Manchester United Sapphiro Debit cardPrepaid Cards Reimbursement Card Memento Gift Card PayDirect Card Pockets, the Digital bank Multi Wallet Card Gift Card Meal CardTravel Card

Insurance

ICICI LombardICICI Pru Heart/Cancer ProtectICICI Pru iProtect SmartCar InsurancePradhan Mantri Jeevan Jyoti Bima Yojana

Popular product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension SchemeAgri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro BankingForex

Branch

BANGALORE M.G.ROADBANGALORE K.G.JAYANAGAR TH BLOCKTHANISANDRA

KOTAK MAHINDRA BANK LIMITED

About

Kotak Mahindra Bank Limited is a private sector Indian Bank headquartered in Mumbai, Maharashtra. The bank was founded in 98 and in February 00, Kotak Mahindra Finance Ltd. received the license from the Reserve Bank of India to carry on banking business. It had a network of ,88 full-fledged branches and ,99 ATMs in the country as of March 08.

Banking

Internet Banking
Mobile Banking
SMS Banking

Product

DepositFixed DepositRecurring DepositTax Saving Fixed DepositSenior Citizen Fixed DepositSweep-In Facility

Loans

Home LoanCar LoanPersonal LoanEducation LoanGold LoanLoan Against SecuritiesLoan Against Property

Card

Credit CardsDebit CardsForex / Prepaid Cards

Insurance

Life InsuranceHealth InsuranceMotor InsurancePradhan Mantri Jeevan Jyoti Bima YojanaPradhan Mantri Suraksha Bima YojanaAtal Pension Yojana

Popular product

DepositFixed DepositRecurring DepositTax Saving Fixed DepositSenior Citizen Fixed DepositSweep-In Facility

Branch

VIDYARANYANPURA BRANCHBANGALORE CASH POINT

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