Car Loan in Mumbai

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

TOP LOAN PROVIDERS IN MUMBAI
ABOUT PUNJAB NATIONAL BANK, MUMBAI, Maharashtra

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

Bank Details
Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Insurance

Life Insurance Fire Insurance Theft Insurance Health Insurance Travel Insurance Household goods & Accidental insurance

Banking

Net Banking Mobile Banking SMS Banking

Popular Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Loans

Housing loan Car and two wheeler loan Personal loan Professional loan Education loan Mortgage loans MSME Loan Term loans Loan against future lease rentals

Cards

Rupay Credit Card Rupay Debit Card Visa Credit Card Visa Debit Card Mastercard Debit Card Mastercard Credit Card Prepaid Cards

ABOUT YES BANK, MUMBAI, Maharashtra

Yes Bank Limited is India’s fourth largest private sector bank headquartered in Mumbai, Maharashtra, India. Established in 00, the bank primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions. As of March, 08, the bank had a network of ,00 branches; national operating centers; and ,7 ATMs and bunch note acceptors.

Bank Details
Product

The bank also offers retail banking solutions such as personal, secured business, home, construction equipment, car, super bike, commercial vehicle, gold loans, and loans against securities; business banking services to micro, small, and medium enterprises; and health care and printing equipment finance.

Banking

Working capital finance Term loans Corporate finance Liquidity management Salary account Fixed deposit account Savings account Ordinary account

Loans

Personal loan Secured business loan Home loan Construction equipment loan Car loan Super bike loan Commercial vehicle loan Gold loans Loans against securities MSME Loan Health care equipment finance Printing equipment finance

ABOUT KARNATAKA BANK LIMITED, MUMBAI, Maharashtra

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.

Bank Details
Product

Saving Account Loans Cards Insurance Investment

Insurance

Life Insurance Health insurance General Insurance

Banking

Core banking Internet banking Mobile banking Treasury, Corporate/Wholesale Banking Retail Banking

Popular Product

Saving Account Loans Cards Insurance Investment

Loans

Personal loan Business loan Home Loan Vechile Loan Loan against property Education Loan

Cards

Credit Card Debit card Deposit only card Image Card Travel card Gift card

ABOUT KOTAK MAHINDRA BANK LIMITED, MUMBAI, Maharashtra

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.

Bank Details
Product

Deposit Fixed Deposit Recurring Deposit Tax Saving Fixed Deposit Senior Citizen Fixed Deposit Sweep-In Facility

Insurance

Life Insurance Health Insurance Motor Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana Pradhan Mantri Suraksha Bima Yojana Atal Pension Yojana

Banking

Internet Banking Mobile Banking SMS Banking

Popular Product

Deposit Fixed Deposit Recurring Deposit Tax Saving Fixed Deposit Senior Citizen Fixed Deposit Sweep-In Facility

Loans

Home Loan Car Loan Personal Loan Education Loan Gold Loan Loan Against Securities Loan Against Property

Cards

Credit Cards Debit Cards Forex / Prepaid Cards

Branches of KOTAK MAHINDRA BANK LIMITED in MUMBAI
ABOUT ICICI BANK LIMITED, MUMBAI, Maharashtra

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.

Bank Details
Product

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

Insurance

ICICI Lombard ICICI Pru Heart/Cancer Protect ICICI Pru iProtect Smart Car Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana

Banking

Internet Banking Mobile Banking Pockets

Popular Product

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

Loans

Home Loan Car Loan Personal Loan Education Loan Gold Loan Loans Against Securities Commercial Business Loan Pradhan Mantri Mudra Yojana Stand-Up India Scheme Two Wheeler Loans Business Loan

Cards

Credit Card Coral Rubyx Sapphiro Emeralde Diamant MakeMyTrip Jet Airways HPCL Ferrari Manchester United Platinum Amazon Pay Unifare Metro Debit 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 card Prepaid Cards Reimbursement Card Memento Gift Card PayDirect Card Pockets, the Digital bank Multi Wallet Card Gift Card Meal Card Travel Card