Deal4Ask is a platform that helps individuals in India access car loans from a variety of financial institutions. By using Deal4Ask, you can save time and effort when applying for a car loan as the platform allows you to compare rates and terms from multiple lenders in one place. This can help you find the best deal for your car loan, which can save you money in the long run.
Another benefit of using Deal4Ask is that the platform offers a streamlined application process. You can apply for a car loan online in a few simple steps, and Deal4Ask will help you gather all the necessary documents and information. This can make the process of applying for a car loan much easier and less time-consuming, as you won't have to visit multiple financial institutions in person.
Additionally, Deal4Ask offers a range of loan options to suit different needs, such as new car loans, used car loans, and refinance car loans. With the help of Deal4Ask, you can find the right loan option that best fits your specific needs, which can help you achieve your dream of owning a car. Furthermore, Deal4Ask will also help you understand the various loan products and to compare them to make an informed decision.
Car Loan - With interest rates as low as 7.00% p.a. and a repayment tenure of up to 8 years, you can find the most suitable car loan for your needs at Deal4ask. You can take the loan for 90% to 100% of the on-road price of the car.
| Bank Name | Car Loan Interest Rates | Processing Fee |
|---|---|---|
| Bank of Baroda Car Loan | 7.00% p.a. onwards | Rs.1,500 |
| Canara Bank Car Loan | 7.30% p.a. onwards | 0.25% of the loan amount, subject to a minimum of Rs.1,000 and a maximum of Rs.5,000 |
| Axis Bank Car Loan | 7.45% p.a. onwards | Minimum of Rs.3,500 and maximum of Rs.7,000 |
| Federal Bank Car Loan | 8.50% p.a. onwards | Contact the bank |
| SBI Car Loan | 7.20% p.a. onwards | New Car: Nil (offer valid until 31 January 2022) |
| Car Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 7.00% onwards |
| Processing Fees | Depends on the bank |
| Loan Tenure | 1 year to 8 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Note:The interest rates will differ from one bank to another. This makes it critical to compare the interest rates before choosing a loan to apply for.
Listed below are some of the best car loan products you can opt for:
| Key USP | Bank | Features |
|---|---|---|
| Loans for Luxury Cars | HDFC |
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| Designed for professionals and agriculturalists with no Income Proof | State Bank of India |
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| Small Loans | Axis Bank |
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| Free Personal Accident Insurance | Federal Bank |
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| Low-Interest Rates for Used Cards and New Cars | Canara Bank |
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