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Best Car Loan Schemes in Delhi

Get on to Online Car Loans at best rates in Delhi, NCR in India

Make Free Online Car Loan Application for Best Quotes in Car Finance Delhi with complete trust and Convenience

Do you Know Why Should you take Car Loan Instead of Buying Car on Cash

» Car Finance - Interest is calculated on Reducing Balance Method.

» Fixed Deposit - Interest is calculated on Cumulative Basis. Compound Interest Calculator is used

Live Instance - Interest Calculation

Below is Interest Rate Calculation for Interest Earned of Fixed Deposits Vis a Vis Outflow through Car Loan

Interest Comparison  Amount Invested  3 yr 5 yr 7 yr Flat Rate (rounded off)
Fixed Deposit @ 8.5% Rs. 3 Lakh 83,000 1.51 Lakh 2.31 Lakh 9% after TDS for 5 yrs
Fixed Deposit @ 8.5% Rs. 5 Lakh 1.38 Lakh 2.51  Lakh 3.85 Lakh 9% after TDS for 5 yrs
         
  Amount Borrowed         
Car Loan @ 11% Rs. 3 Lakh 53,500 91,000 1.31 Lakh Around 6%
Car Loan @ 11% Rs. 5 Lakh 89,000 1.52 Lakh 2.19 Lakh Around 6%

 

Dont be Surprised : Interest is Compounded on Recurring Month on Month Basis in Fixed Deposit, while under Loan Repayment - Interest calculated on diminishing reducing basis on Principal Outstanding

Thus your Effective Flat Rate for Auto Finance will be lower than Fixed Deposit

Calculators Get One Touch Information
Car Loan EMI Calculator  Car Loan EMI Calculator
Car Loan Eligibility Calculator  Car Loan Eligibility Calculator
Car Loan Amortization Repayment  Loan Repayment Calculator
Check Latest Car Loan Rates  Car Loan Interest Rates

Its Wise Choice to take Car Finance even if you having your Own Funds

Compare Car Loan Interest Rates with Loan Documentation

Major Banks and NBFCs Financing Auto Loan in India are - HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Kotak Mahindra Primus, PNB Car Finance

 Calculate EMI & Interest Outflow

Inputs

Loan Amount (in Rs.)*
Term of Loan (in Months)*
Interest Rate (in %)*

*Mandatory Fields

  

Effect of Extra Payments

EMI
Total Interest Payable
Final Amount to be Repaid
   


Rates & Documentation

  • Interest Rates
  • Documentation

Interest Rates

Car Loan Interest Rates in Delhi with Private Banks

 

Segment Car Loan Interest Rates in 2023
Luxury Cars Range 8.5%
Executive Segment / Mid SUV 8.75%
Mid Sedan Segment 9%
Premium Hatchback / Compact Segment 9% to 9.25%
Hatchback 9.25% to 9.5%

Documentation

 

Category Car Loan Documents
Common Loan Documents  
KYC Documents (ID, DOB, Signature Proof) Copy of PAN Card, Aadhaar Card. 2 PP Photos with Signed Application Form
KYC Residence Address Proof Local Residence Ownership Proof Copy in Self or Spouse or Parents Name
Permanent Address Proof if Rented If Rented - Additionally Permanent Address Proof with Telephone Bill
 
Documents for Salaried  
Income Dox Last 2 year Form 16 + Latest 3 month Salary Slips
Banking Latest 6 month Salary Account Bank Statement
Profession Office ID Card. If Recently Joined Appointment Letter Copy Required
Previous Loan / Vehicle Details Copy of RC of Existing Vehicle and Loan Track record if available
Documents for Self Employed  
Income Documents Latest 2 Year ITR with Computation
Banking 6 month Current Account Statement from Primary Business Account
Business Entity Proof Office Proof as Sales Tax / Service Tax / VAT Certificate
Office Address Proof Postpaid / Landline Telephone Bill Copy at Office Address
Previous Loan / Vehicle Details Copy of RC of Existing Vehicle and Loan Track record if available

  • Online Application

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Get on to the Best Car Loan with Lowest Interest Rate on Car Loans from ICICI Bank, HDFC Bank, Axis Bank, SBI in Delhi NCR and other Cities in India. *


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