How Much Car Loan Can I Get on My Salary

  • Axis Bank

    "Average"

    Through showroom got suggestion to take a car loan from AXIS bank. I taken this loan on 3 years back. I got the loan amount of 4L with tenure period of 4 years. The rate of interest was okay. I done the down payment of around 1.5L. EMI need to pay of 10,500 rupees. The car model is Swift Dzire. I taken for commercial purpose based on amount which I get on monthly doing the EMI payment.

    Was this review helpful? 172

    , kolkata
    Reviewed on Mar 21, 2020

  • Kotak

    Kotak

    "Good "

    I have taken car loan directly through Kotak Mahindra Bank. The car is secondhand and the model was INNOVA 2015 and the loan is still active and paying the premium on EMI basis .The rate of interest and the processing fee was nominal and they given a good service.

    Was this review helpful? 168

    , tirupur
    Reviewed on Mar 20, 2020

  • HDFC Bank

    "Good service"

    I have taken car loan directly through HDFC bank.The car model was TATA Nixon and still this loan is active. The rate of interest and the processing fee are medium it was 10.99% and this loan was sanctioned immediately within 2 to 3 days got the loan. Everything was fine so far until this loan was sanctioned .

    Was this review helpful? 158

    , chennai
    Reviewed on Mar 19, 2020

  • HDFC Bank

    "Easy loan approval"

    I have chosen car loan from HDFC Bank on 3 years back. I made the down payment of Rs. 1.50L and the loan amount was Rs. 4.80L. The rate of interest was normal and i am paying EMI amount of Rs. 12,157 and i have purchased Swift BSI. I given my documents to the showroom itself without any difficulty.

    Was this review helpful? 167

    , jaipur
    Reviewed on Mar 18, 2020

  • review

    "Best Service"

    I have taken car loan through Tata Capital Ltd directly .The vehicle name is Hyundai Eon and this loan was sanctioned on proper time frame .This loan is still active and paid the premium on Emi basis.Customer service was good to me so far .The rate of interest and the processing fee was medium.

    Was this review helpful? 102

    , jaipur
    Reviewed on Mar 16, 2020

  • Tamilnad Mercantile Bank

    "Average Service"

    0.5 2.0/5 "Expected more"

    I have taken car loan directly through Tamilnad Mercantile Bank.The rate of interest was very high, it was 14%.This loan was sanctioned on time without any delay .The car model was Maruti Suzuki Alto k10 vxi and there was no difficulties faced so far .This loan is still active and everything was good.

    Was this review helpful? 98

    , surat
    Reviewed on Mar 15, 2020

  • ICICI Bank

    "Good"

    From ICICI Bank, i applied a car loan and the loan amount was Rs. 3.50L. I made a down payment of Rs. 90k and the rate of interest was normal. I have given my documents to the showroom and am planning to close the loan with in 2-3 months. I have purchased a Maruthi car.

    Was this review helpful? 117

    , chennai
    Reviewed on Mar 15, 2020

  • ICICI Bank

    "Need to be zero for pre closure charge "

    I chosen ICICI car loan offer through showroom. I taken this loan on 2 years back for the amount of 8L which is sufficient with tenure period of 5 years. On that time rate of interest was lower when compared to other bank. The processing fee is less. The car model is TATA Nexon. I done the down payment of 2.8L. EMI need to pay of 17K. For pre closure is applicable with huge charge. So I didn't go for that option.

    Was this review helpful? 105

    , hyderabad
    Reviewed on Mar 11, 2020

  • Axis Bank

    "Excellent service "

    My car loan journey started with Axis bank which was availed directly.The vehicle name is Maruti Ertiga and this loan is still active .The rate of interest and the processing fee was nominal .This loan was sanctioned on time without anydelay .I am paying the premium on EMI basis and there is no delay charges .

    Was this review helpful? 126

    , bangalore
    Reviewed on Mar 10, 2020

  • HDFC Bank

    "Quick process"

    Maruti showroom suggested to take car loan from HDFC on few months back. They have sanctioned the loan within one week.The amount got 6L with tenure period of 7 years. An interest rate of 9%. I done down payment of 1L. EMI need to pay of 9637 rupees. The car model is Maruti new swift. Their service is good.

    Was this review helpful? 137

    , kanchipuram
    Reviewed on Mar 09, 2020

  • YES Bank

    "Good Service"

    I have availed car loan through YES bank directly.still this loan is active .The car model was Hyundai Creta and the rate of interest was quite nominal it was 9.60%and processing fee was very high. This loan was sanctioned on faster basis ,the loan process was clearly shared by the agent . I am paying the premium on EMI basis which will be done on time.

    Was this review helpful? 82

    , agra
    Reviewed on Mar 06, 2020

  • ICICI Bank

    "Excellent Service"

    I have taken car loan directly through ICICI bank .The rate of interest and the processing fee are pretty nominal and the car name is Maruti Suzuki Swift. I am paying the premium on EMI basis and need to pay the amount of 10,000.The loan was sanctioned on time without any drawbacks.

    Was this review helpful? 90

    , bangalore
    Reviewed on Mar 05, 2020

  • HDFC Bank

    "Good Loan Service"

    My car loan is going to be completed in this November. My salary goes into HDFC bank hence the guy keep on calling me to take the loan hence I have selected the car loan from same bank. In 2013, I have purchased the car loan by paying the down payment of Rs. 3.5L. Took the loan amount of Rs. 3.8L. I pay EMI amount of Rs. 6948 every month.

    Was this review helpful? 140

    , jammu
    Reviewed on Mar 05, 2020

  • ICICI Bank

    "Good Loan Service"

    I chosen car loan from ICICI on 4 years back. I bought this loan because one of my friends was working as a bank manager. I made the down payment of Rs. 2.5L and I bought the loan amount of Rs. 4.5L. I have no idea about the interest rate. I was paying EMI amount of Rs. 7,000 when I purchase the card and it keeps on in ascending order just because of my increment amount I can close at early.

    Was this review helpful? 107

    , rajkot
    Reviewed on Mar 05, 2020

  • Kotak

    "Less interest rate loan"

    My car loan was taken from Kotak Mahindra bank because an interest rate is less. I have taken the loan amount of Rs. 7L and I made the down payment of Rs. 5L. I have selected the duration of 5 years. I have been paying EMI amount of Rs. 14,000 per month. Documentation process was hassle free.

    Was this review helpful? 144

    , bangalore
    Reviewed on Mar 05, 2020

  • ICICI Bank

    "Excellent Service"

    I have taken car loan through ICICI bank directly .The vehicle name is Hyundai Creta and this model was of 2018 this loan was a joint loan with my wife and still this loan is active ,premium on emi basis and there is no ppenalty for delay emi and the loan process was clearly shared by the agent .without any hassle got the loan .

    Was this review helpful? 114

    , ahmedabad
    Reviewed on Mar 05, 2020

  • HDFC Bank

    "Fast approval loan"

    I have purchased my car loan with HDFC bank which i have taken in the month of December. There is no interest rate on fast approval so that reason i have availed this loan. I have taken the loan amount of Rs. 12.34 lakhs and i made the down payment of Rs. 50000. They have sanctioned my loan in 1 day.

    Was this review helpful? 207

    , vadodara
    Reviewed on Mar 05, 2020

  • Bank of India

    "Good Service"

    I have taken car loan directly through Bank Of India .The car model was 2018 and the name is Mahindra XUV and this loan is still active and paying the premium on EMI basis .The rate of interest and the processing fee was nominal .This was a joint loan with my father.

    Was this review helpful? 116

    , indore
    Reviewed on Mar 04, 2020

  • IndusInd Bank

    "Best service "

    From INDUSIND Bank, i have taken a car loan and the loan amount was Rs. 4.50L and i made down payment Rs. 1.80L. Pre closure is there and the rate interest was normal , emi of Rs.9600 i am paying for the tenure of 5 years. Recently done a top up on this loan for personal use.

    Was this review helpful? 133

    , tirunelveli
    Reviewed on Mar 04, 2020

  • SBI

    "Good loan offer"

    I got car loan offer from SBI which showroom suggested to apply. The rate of interest is 9.7% is fine. I taken this loan on 3.5 years back. The amount was sanctioned of 6L was sufficient with tenure period of 5 years. The car model Mahindra E2O. I have not any down payment. There are pre closure and part payment are applicable.

    Was this review helpful? 404

    , bangalore
    Reviewed on Mar 04, 2020

How Much Car Loan Can I Get on My Salary

Source: https://www.bankbazaar.com/car-loan-eligibility.html

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