Car Loan in Mumbai

About Car Loan in Mumbai

Bank NameFloating Interest RateProcessing Fee
Bank of baroda9.15 %Nil
RBL BANK12 to 14 %1% of Loan amount.
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
HDB bankN/AN/A
Kotak Mahindra Bank11.50% to 13.50%N/A
Federal Bank9.20%Rs 1500 to Rs 2500
TATA CAPITAL12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
IndusInd bank10.65 %1% of the loan amount
AXIS12 %Rs.3500 to Ra.5500

About Mumbai

Mumbai is a city known as the city where dreams are made and fulfilled. The city is famous from the railway platforms to the famous Dabbawalas, multi-millionaires to suburban slums. From the dazzling Bollywood to the quintessential vada pav, bhel puri, and sev puri, Mumbai is the capital city of Maharashtra an Indian state.

Mumbai is the house of three UNESCO World Heritage Sites including the Chhatrapati Shivaji Maharaj Terminus, Elephanta Caves, and the city's distinctive ensemble of the Victorian and Art Deco buildings. The top famous tourists places in Mumbai are Marine Drive, Gateway of India, Colaba Causeway, Juhu Beach, Siddhivinayak Temple, Hali Ali Dargah, Elephant Caves, Girgaum Chowpatty, Bandra Worli Sea Link, Chhatrapati Shivaji Teminus, Prince of Wales Museum, Chhatrapati Shivaji Maharaj Terminus, Essel World, Film City, Sanjay Gandhi National Park, Global Vipassana Pagoda, Kanheri Caves, Mahalaxmi Temple, Hanging Garden and many other places

About car Loan in Mumbai

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 Mumbai 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 Mumbai -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Mumbai 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 Mumbai

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 Mumbai

If you are falling short of funds for buying a car, go for a Car Loan. At Mumbai, 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 Mumbai. 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

COMMERCIAL BRANCH MUMBAISBINNEFTSERVICECENTRERASMECCC, MUMBAIINTEGRATED TREASURY MUMBAIRASMECCC,BHAYANDARNATIONAL AUTOMATED CLEARING HOUSE MUMBAIRACPC SIONRBO SIONRBO BORIVALIDAU UNITLINK OFFICESERVICE CENTRETFCPC MUMBAIDEDICATED ACCOUNTING UNITTHAKUR COMPLEX ,KANDIVALI BRANCHPORTUGESE CHURCH, DADAR BRANCHMITTAL COURT TOWER-II, NARIMAN POINT BRANCHSERVICE BRANCH, MUMBAISAHAKARGRAM ,KANDIVALI(E) BRANCHMARVE ROAD, MALAD BRANCHSTERLING CENTRE,WORLI BRANCHEMPIRE HOUSE, FORT BRANCH MUMBAIBHULESHWAR, MUMBAISMECC PRABHADEVISBH INTEGRATED TREASURY BRANCHSBIINTOUCH MARINE DRIVESBIINTOUCH GOREGAON EASTSBIINTOUCH SION CIRCLE,SIONSBIINTOUCH MATUNGA MARKET, MATUNGASBIINTOUCH SANTACRUZ WESTPROJECT FINANCE BRANCH, MUMBAISAKI VIHAR ROADEWEALTH CENTRE, MUMBAIPOWAI MARKET, POWAI, MUMBAIRACPC ANDHERI WESTNAHUR WESTSUBHASH ROAD VILE PARLE EASTSTATION ROAD VILE PARLE WPBB GOREGAON WESTMERC ACQUIRING BUSINESS VERTICALNARAYAN NAGAR BRANCH, GHATKOPAR WESTHARIOM NAGAR BRANCH, MULUND EASTDEVIDAYAL ROAD BRANCH, MULUND WESTNANCY COLONY BORIVALI E BRANCHM.G.ROAD BORIVALI EASTGOLIBAR ROAD, SANTACRUZ EASTKHIRA NAGAR SANTACRUZ WEST BRANCH,BHARAT DIAMOND BOURSEJANKALYAN NAGARZONAL OFFICE, MUMBAIWORLI JUHUMUMBAI CENTRALNAVI MUMBAI ZONE IIICAG, BRANCH II MUMBAINRI BRANCH, CHEMBURSMECC, BORIVALICORE POWER, PORTUGUESE CHURCHVAISHALI NAGAR, MULUND WESTKALINACOMMERCIAL BRANCH, SAKI NAKAKEM HOSPITAL CAMPUS BRANCH, PARELSPECIALISED MICRO FINANCE BRANCH, DHARAVIRBO VII SCE2 MUMBAIRBO V, MUMBAIRBO II, MUMBAIRBO I, MUMBAIREGIONAL BUSINESS OFFICE VI MUMBAIRBO III, MUMBAIYOGI NAGARIBG ACCOUNTING UNIT MUMBAIMAHAVIR NAGAR, MUMBAISANTACRUZ EASTJUHU VERSOVA LINK ROADLOKHANDWALA BRANCHMAKER CHAMBERS IIIMUNDHWADOCUMENT ARCHIVAL CENTRE, MUMBAICAC ANDHERI (E)MID CORPORATE GROUP CORPORATE CENTER MUMBAI

INDUSIND BANK

About

Indusind Bank Limited is a new generation private bank. Established in 99, the bank is headquartered in Mumbai, India. It stands tall today as one of the reputed banks in the country. Indusind Bank operates more than 000 branches and over ,800 ATMs spread across the country. It also has representative offices in London, Dubai and Abu Dhabi.

Banking

reasury
Corporate/Wholesale Banking,
recurring deposits,
corporate salary,
Rupee multiplier products.
Retail Banking
,young saver deposits,
urrent, savings, defense,and RFC accounts
fixed deposits
mutual funds
My Account Number
Quick Redeem Services and 0 Days banking.
Choice Money ATMs
Direct Connect
Cash-on-Mobile
Check-on-Cheque

Product

The bank provides various banking solutions to individuals, NRIs, business owners, corporate, government and financial Institutions. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and other Banking Operations segments. The bank offers current, savings, defense, corporate salary, and RFC accounts; and fixed deposits, recurring deposits, young saver deposits, as well as Rupee multiplier products.

Card

credit cards

Branch

ANDHERI MIDC OPUSKALINA- SANTACRUZ EASTSANTACRUZ WESTDADAR TTOSHIWARASAKI NAKAFOUR BUNGLOWAMBOLIGOREGAONMAHIMDADARCHEMBURKANDIVALI (WEST)MULUNDFORTLOKHANDWALAANDHERINARIMAN POINTBANDRAOPERA HOUSE

BANK OF BARODA

About

Bank of Baroda (BOB) is an Indian multinational banking and financial services institution headquartered in Vadodara in Gujrat, India. The bank was established on 0 July 908 and nationalized on 9 July 99 along with other major commercial banks of India. It has been termed as a profit-making public sector undertaking (PSU). The bank has 7 global branches including 7 India branches and 0 overseas branches. It offers a wide range of banking products and services including loans, credit and debit cards etc.

Banking

Instant Banking
Baroda Connect (Internet Banking)
BHIM Baroda Pay
Baroda M-connect Plus (Mobile Banking)
Mobile Application
Baroda mPassbook
Baroda m-Invest App
BHIM UPI Payment App

Product

Account Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Loans

Loans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Card

Debit Cards Visa Electron Card RuPay Platinum Card Baroda Master Platinum Card RuPay Classic Card Master Classic Card Visa Platinum Chip CardPrepaid Cards Gift Card TravelEasy Card Reloadable CardCredit Cards Easy Visa Platinum Select Visa Platinum Premier Visa Signature Prime Mastercard

Insurance

Life InsuranceHealth InsuranceGeneral Insurance

Popular product

Account Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Branch

ZAVERI BAZAR BRANCHWORLI BRANCHWALKESHWAR BRANCHV.P.ROAD-BOM BRANCHVILE PAR WST BRANCHVILE PAR EST BRANCHVERSOVA-BOM. BRANCHVEENANAGAR BRANCHVASHI BRANCHULHASNAGAR BRANCHTURBHE BRANCHTILAK NAGARTHAKUR VILLAGE, MUMBAITHANE WEST BRANCHTHANE-EAST BRANCHTARDEO ROAD BRANCHSUNDERNAGAR, GOREGAON (W), MUMBAISIR P M ROAD BRANCHSION BRANCHSHIMPOLI BRANCHSHIVAJI PARK BRANCHSANTACRUZ(W) BRANCHSANPADA BR., NAVI MUMBAI, MAHARASHTRASANTACRUZ(E) BRANCHSAKINAKA BRANCHULHASNAGAR MUMBAIRABALE, NAVI MUMBAIPRINCESS ST. BRANCHPRABHADEVI BRANCHPOWAI-BOMBAY BRANCHMOUNTPOINSUR-MUMBAIPBBMID CORPORATE, MUMBAIMIDCORPORATE ,BANDRA( W),MUMBAIMALAD WEST BRANCHJUINAGAR,NAVI MUMBAIASHOKVAN,BORIVALI EAST,MUMBAI

RBL Bank Limited

About

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Banking

SMS Banking
Online Banking
Mobile/Phone Banking

Product

Corporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits

Loans

home loanspersonal loansbusiness loanseducation loansauto loansloans against propertyoverdrafts against propertyloans against depositsgold metal loansworking capital finance

Card

Mastercard Credit Card

Insurance

Life InsuranceGeneral InsuranceHealth Insurance

Popular product

Corporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits

Branch

LAMINGTON ROAD BRANCHGHATKOPAR EAST

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