Car Loan in Mumbai

Check Car Loan Interest Rates of all major banks of Mumbai Instantly

Bank NameFloating Interest RateProcessing Fee
IndusInd bank 10.65 %1% of the loan amount
Federal Bank 9.20%Rs 1500 to Rs 2500
HDFC 8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned
HDB bank N/AN/A
ICICI 12.75 %5% on the outstanding principle
Kotak Mahindra Bank 11.50% to 13.50%N/A
TATA CAPITAL 12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
IIFL 12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
AXIS 12 %Rs.3500 to Ra.5500
RBL BANK 12 to 14 %1% of Loan amount.
Bank of baroda 9.15 %Nil

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

Loans

personal Loans, car Loan, Loan Against Property, Education Loan, Housing Loans, Gold Loans,Corporate Term Loans

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 MUMBAI
SBINNEFTSERVICECENTRE
RASMECCC, MUMBAI
INTEGRATED TREASURY MUMBAI
RASMECCC,BHAYANDAR
NATIONAL AUTOMATED CLEARING HOUSE MUMBAI
RACPC SION
RBO SION
RBO BORIVALI
DAU UNIT
LINK OFFICE
SERVICE CENTRE
TFCPC MUMBAI
DEDICATED ACCOUNTING UNIT
THAKUR COMPLEX ,KANDIVALI BRANCH
PORTUGESE CHURCH, DADAR BRANCH
MITTAL COURT TOWER-II, NARIMAN POINT BRANCH
SERVICE BRANCH, MUMBAI
SAHAKARGRAM ,KANDIVALI(E) BRANCH
MARVE ROAD, MALAD BRANCH
STERLING CENTRE,WORLI BRANCH
EMPIRE HOUSE, FORT BRANCH MUMBAI
BHULESHWAR, MUMBAI
SMECC PRABHADEVI
SBH INTEGRATED TREASURY BRANCH
SBIINTOUCH MARINE DRIVE
SBIINTOUCH GOREGAON EAST
SBIINTOUCH SION CIRCLE,SION
SBIINTOUCH MATUNGA MARKET, MATUNGA
SBIINTOUCH SANTACRUZ WEST
PROJECT FINANCE BRANCH, MUMBAI
SAKI VIHAR ROAD
EWEALTH CENTRE, MUMBAI
POWAI MARKET, POWAI, MUMBAI
RACPC ANDHERI WEST
NAHUR WEST
SUBHASH ROAD VILE PARLE EAST
STATION ROAD VILE PARLE W
PBB GOREGAON WEST
MERC ACQUIRING BUSINESS VERTICAL
NARAYAN NAGAR BRANCH, GHATKOPAR WEST
HARIOM NAGAR BRANCH, MULUND EAST
DEVIDAYAL ROAD BRANCH, MULUND WEST
NANCY COLONY BORIVALI E BRANCH
M.G.ROAD BORIVALI EAST
GOLIBAR ROAD, SANTACRUZ EAST
KHIRA NAGAR SANTACRUZ WEST BRANCH,
BHARAT DIAMOND BOURSE
JANKALYAN NAGAR
ZONAL OFFICE, MUMBAIWORLI JUHU
MUMBAI CENTRALNAVI MUMBAI ZONE III
CAG, BRANCH II MUMBAI
NRI BRANCH, CHEMBUR
SMECC, BORIVALI
CORE POWER, PORTUGUESE CHURCH
VAISHALI NAGAR, MULUND WEST
KALINA
COMMERCIAL BRANCH, SAKI NAKA
KEM HOSPITAL CAMPUS BRANCH, PAREL
SPECIALISED MICRO FINANCE BRANCH, DHARAVI
RBO VII SCE2 MUMBAI
RBO V, MUMBAI
RBO II, MUMBAI
RBO I, MUMBAI
REGIONAL BUSINESS OFFICE VI MUMBAI
RBO III, MUMBAI
YOGI NAGAR
IBG ACCOUNTING UNIT MUMBAI
MAHAVIR NAGAR, MUMBAI
SANTACRUZ EAST
JUHU VERSOVA LINK ROAD
LOKHANDWALA BRANCH
MAKER CHAMBERS III
MUNDHWA
DOCUMENT ARCHIVAL CENTRE, MUMBAI
CAC ANDHERI (E)
MID CORPORATE GROUP CORPORATE CENTER MUMBAI

KARNATAKA BANK LIMITED

About

The Karnataka Bank Limited is ‘A’ Class scheduled commercial bank founded on 8th February 9. Headquartered in Mangaluru in Karnataka, India, the bank has a national presence with a network of 8 branches, 7 ATMs and 0 e-lobbies spread across states and Union Territories. The bank has deployed the most modern information technology like core banking, internet banking and mobile banking etc. to meet customers’ expectation of services, for today and for future. The bank is listed on both the BSE and the NSE.

Banking

core bankinginternet bankingmobile bankingTreasury, Corporate/Wholesale BankingRetail Banking

Product

Saving AccountLoanscardsInsuranceInvestment

Loans

personal loanbusiness loanHome Loanvechile LoanLoan against propertyEducation Loan

Card

Credit CardDebit cardDeposit only cardImage CardTravel cardGift card

Insurance

Life InsuranceHealth insuranceGeneral Insurance

Popular product

Saving AccountLoanscardsInsuranceInvestment

Branch

RO MUMBAI
DADAR(W)
VILE ? PARLE (E)
MIRAROADEAST
NAVIMUM BAIBELAPUR
MULUND WEST
SANTACRUZ MUMBAI
NERUL SEAWOODS
THAKUR VILLAGE MUMBAI
KOPAR KHAIRANE NAVI MUMBAI
OSHIWARA MUMBAI
POWAI
KANDIVLI EAST MUMBAI
MUMBAI-VAZIRA NAKA, BORIVLI(W)
KALYAN MUMBAI
INTERNATIONAL DIVISION
DOMBIVLI MUMBAI
OVERSEAS MUMBAI
KANDIVILI WEST MUMBAI
ANDHERI WEST MUMBAI
BANDRA WEST MUMBAI
SION EAST MUMBAI
BORIVLI WEST MUMBAI
CORPORATE FINANCE BRANCH