Car Loan

Want to bring home your dream car, but don't have enough funds? Now, you don't need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement. We can make this drive easy for you, apply for a car loan with and become pride owner of your dream car.

Benefits of comparing car loan with

Deal4loans is India's largest loan comparison service offering company. For trusted advice on various loan products and solutions on your financial needs, you can rely on us. We have tie-ups with leading banks and financial institutions providing car loans. We can assure you that you will get the best deals and offers at Deal4loans, which you can find nowhere else. Our user-friendly website enables you to compare all offerings in the market and make a well calculated choice.

Car Loan applications received for rupees 46,340 crores till 16 June 2024

Latest Update as on 27 March 2020: No EMI's for 3 Months as per RBI. Your CIBIL Score will also not be impacted by this EMI waiver on your Personal / home/car loans. so your credit report will not take hit also but if you don't pay interest will increase

Compare, Calculate & Save more on Interest Rates & EMIs

Professional Details
Loan Amount
Annual Income
* Quotes are totally free for customers

Features of Car loans:

A Car loan is a great way to drive your dream car without making the complete payment upfront. Some other traits which make a car loan more feasible are:

✔ Flexible contract terms and comfortable tenure of loan i.e. upto 7 years
✔ Competitive and attractive rates of interests
✔ A tax deduction may be applicable if the vehicle is to be used for business purposes
✔ Almost everyone with a Permanent Income can apply for a car loan
✔ Some banks offer up to 100% of car finance on ex-showroom price and generally upto 85% of car finance on ex-showroom price is available.
✔ Very low processing fees and prepayment charges.

Check your Eligibility for a Car loan:

The certain factors that determine your eligibility for a car loan are:
✔ Age
✔ Kind of employment
✔ Income
✔ Period of employment
✔ Previous running EMI's and CIBIL score

You can check your eligibility and get quotes by updating all information in our eligibility calculator.

Car loan interest rates can be vary from user-to-user based on different parameters. Some of these factors are:

  1. Banks give lower interest rates to the employees who have salary accounts with the same bank.
  2. It gives lower interest rates to employees of top 5000 companies of India.
  3. Based on your income per month you might get some waivers or on the total loan amount you may get cheaper rates.

Banks giving Car loans in India:

HDFC Bank Car Loan
HDFC Provides a Quick and Easy car loan with Easy Documents, EMI Options and Low Interest Rates... Read More
SBI Car Loan
Lowest interest rate, Low processing fee, processed through speedy delivery channels with total transparency...Read More
ICICI Bank Car Loan
Compare Interest Rates, EMI, Documents and Eligibility for ICICI Car loan. Apply online for car loan...Read More
Axis Bank Car Loan
Compare and Choose Interest Rates, Documents, EMI, and Features of Axis Bank Car Loan...Read More
Kotak Mahindra Car Loan
flexible schemes to suit your needs, hassle-free documentation and quick processing...Read More
Bank of India Car Loan
Get Details on Eligibility, EMI, Interest Rates, Documents, Eligibility of BOI Car Loans...Read More

In India, we have 35 corporations for financing Car/Auto loans. Let us take a look which banks are the favorites of Indian borrowers when it comes to Car Loans:

Market share of major banks in Car/Auto Loan category:

Bank Market Share in Car loans
HDFC Bank 26%
SBI 22%
Kotak Mahindra Bank 16%
ICICI Bank 14%
Axis Bank 10%
Others 12%
Car Loan Rate of Interest
( Last updated on 16 June 2024 )
Bank Interest Rates Apply
ICICI Bank 8.95% - 11.25%
HDFC Bank 8.95% - 11.00%
Kotak Mahindra 8.25% - 13.00%
SBI 8.65% – 9.70%
Magma Fincorp N.A
AXIS Bank 9.15%-13.80%
PNB Bank 8.80% - 9.60%
What Others are saying
Simanta Moharana
I would like to thank deal 4 loans for helping me to get a personal loan from Neha kumari from deal 4 loan, successfully able to get 5 lakh loan without any problem and cooperate excellently and provide me complete step by step update of loan. Thank you kind service. Regards simanta Moharana
Through deal for personal loan and advisor successfully able to get 20 lekh loan without any problem. I would like to thank deal4loans persons .
Bipasa Sarkar
Appreciating Shashank Singh and Poulami Chatterjee for their extreme support and smoothe work towards approving my loan amount.
I want to thank Aniket for providing up to date information and continuous followup regarding my personal loan processing. I got a loan of 7 Lakhs with competitive interest rate. Thank you for your kind service.

Syed Ahtaysham
i would like to thank deal4Loans for helping me get a personal loan from kotak, Aniket Juneja from deal4Loans co ordinated excellently and provide me complete step by step updates and made it very easy for me to get the loan.
Sushanta Kumar padhi
Thanking you for your immediate response.
Suresh Kamannavar
Hi Aniket,

I really grateful to you to provide me loan in critical situation and I never forget you for this help.Really appreciate his work to get me loan.Also suggest others to contact this site.They really help you in any situation.
Because of Deal4loans and his advisor i was able to get 10 lakh of personal loan with smooth process. i would like to thank deal4loans team and Kotak bank.
Dear Mr Santosh Kumar

Thank you very much .service and follow up is excellent.

I thought it is very difficult to get credit card. You made it easy and simple. I am impressed and satisfied about your service.
T.Satish Kumar
Hi Abhishek,
Greetings for the day...!

I would like to appreciate Abhishek for all his help on getting personal loan.

Thanks & Regards,
T.satish Kumar,

Read More