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Drive Your Dream Car: Apply for a Car Loan with Deal4Ask and Get the Best Rate

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.

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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.

Compare Best Car Loan Interest Rates in India for 2022

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 Interest Rates

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.

Top Car Loan Schemes

Listed below are some of the best car loan products you can opt for:

Key USP Bank Features
Loans for Luxury Cars HDFC
  • Effective interest rate is 7.95%
  • Tenure is up to 84 months
  • Maximum loan amount is up to Rs.3 crore
  • 100% financing of on-road price for select models
Designed for professionals and agriculturalists with no Income Proof State Bank of India
  • Effective interest rate is 7.20% onwards
  • Tenure is up to 84 months
  • Up to 90% of the on-road price may be financed
  • Loan is provided for professionals and agriculturists
Small Loans Axis Bank
  • Effective interest rate starts from 7.45%
  • Tenure is up to 96 months
  • Up to 100% of the on-road price may be provided as a loan
  • You can avail a loan of Rs.1 lakh
Free Personal Accident Insurance Federal Bank
  • Effective interest rates start from 8.50%
  • Tenure is up to 84 months
  • No income documents need to be provided
  • Up to 100% of the ex-showroom price can be availed
Low-Interest Rates for Used Cards and New Cars Canara Bank
  • Effective interest rate starts from 7.30%
  • Tenure is up to 84 months
  • Up to 90% of the on-road price may be provided
  • Lower interest rates are provided for women