Top Car Loans Providers in Jaipur - Vehicle Loans

Top List of 10+ Car Loan Providers in Jaipur. Get a Car loan with a low interest rate. Also, get an instant vehicle loan, Auto loan, used car loan, commercial car loan, and more. Find the best car loan service providers near your location. as on Dec 10, 2024

Pankaj Sharma

Durgapura, Jaipur, 302018

+08035427939

Response Time: More than 60 MinsSulekha score: 8

All type of Home loan mortgej loan Personal loan car loan

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Kadam Assets FinGuru LLP

Jaipur, Jaipur, 302001

4.9/5 Based on 29 Reviews

+08069875183

Loans Construction Loans

Response Time: More than 60 MinsSulekha score: 7.6

Kadam Assets Finguru Limited Liability Partnership, located in Jaipur, specializes in providing a wide range of financial services, including personal loans, business loans, and mortgage loans. They are recognized for their professional behavior and quick response time, often responding to inquiries within 15 minutes. The business has garnered positive reviews for its affordable rates and excellent customer service. Additionally, the firm has a strong online presence and is easily accessible, being situated near Mahalaxmi Jewelers in Jaipur

Available Loan Types:

Offering 5+ different types of loans

Loan Amount Range:

From less than ₹1 Lakhs to ₹1 Crore
Depending on the type of loan

BIRDI CHAND from Jaipur

"MAXIMUM PEOPLE ARE NOT PROVIDING PROPER SERVICES BUT THEY ARE PROVIDING PROPER SERVICE AND PROPER RESPONSE."

SANJAY SAINI from Jaipur

"Professional behavior"

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Mahindra Finance in Fatehpur

Fatehpur, Fatehpur, 332301

( Also serves in Jaipur )

+08069680087

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

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Govind Kulkarni and Associates

Vadgaon Budruk, Pune, 411041

( Also serves in Jaipur )

+07569016241

Loans

Sulekha score: 4.3Working hours: 10 AM to 7 PM

Govind Kulkarni and Associates, located in Vadgaon Budruk, Pune, offers a comprehensive range of loan services. Specializing in vehicle loans, home loans, personal loans, and business loans, the firm is dedicated to meeting the financial needs of its clients. They provide personalized solutions tailored to individual requirements, ensuring a smooth loan application process. Their experienced team is committed to helping clients navigate financial challenges, with a focus on customer satisfaction. And has garnered positive reviews for its responsive service and efficient loan disbursement process

Available Loan Types:

Offering 3 different types of loans

Loan Amount Range:

From less than ₹1 Lakhs to ₹25 Lakhs and above
Depending on the type of loan

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Mahindra Finance in Dantri

Dudu, Jaipur, 303008

Unverified

+08069865218

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

Mahindra Finance is one of India's leading Non-banking Financial Companies, offering a comprehensive range of Financial Solutions under one roof. With over 10 million customers and an AUM of over Rs. 1,02,597 crores, our product portfolio includes Vehicle Finance, Tractor loans, Car loans, Commercial Vehicle Loans, SME Finance, Housing Finance, insurance Broking, Mutual Fund Distribution, Fixed Deposits, Personal Loans, etc. tailor-made to customers’ needs with easy processing structure and minimum documentations. We have offices across 3,80,000 villages and towns in the country. Search online for "loans agency" or "loans near me” to reach out to our nearest branch.

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Mahindra Finance in Sanganer Bazar

Sanganer, Jaipur, 303902

Unverified

+08069866117

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

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Mahindra Finance in Transport Nagar

Transport Nagar, Jaipur, 302004

Unverified

+08069864969

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

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Mahindra Finance in Amba Bari

Central Spine, JAIPUR, 302039

Unverified

+08069865112

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

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Mahindra Finance in Bayana

Bhim Nagar Colony, Bayana, 321401

( Also serves in Jaipur )

Unverified

+08069864887

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

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Mahindra Finance in Durgapura

Durgapura, Jaipur, 302018

Unverified

+08069866115

Loans Construction Loans Loan on Credit Card

Working hours: 10:00 AM to 07:00 PM

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, car loans, home loans, vehicle loans, mortgage loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Car Loan?

Financial Stability: Ensure you have a stable income to manage monthly payments and an emergency fund to cover unexpected expenses. This financial cushion helps prevent stress and ensures you can meet loan obligations without compromising other financial needs.
Credit Score: A good credit score can help secure a loan with lower interest rates and better terms. Check your credit score and improve it if necessary to enhance your borrowing options and reduce overall loan costs.
Interest Rates: Research current interest rates for car loans and compare offers from multiple lenders. Securing a lower interest rate can significantly reduce the total cost of the loan over time.
Down Payment: A larger down payment reduces the amount you need to borrow, leading to lower monthly payments and interest costs. Aim to save as much as possible for the down payment to improve your loan terms.
Loan Terms: Consider the loan term length and ensure the monthly payments fit within your budget. Longer terms may have lower payments but result in higher total interest costs, so balance the term with your financial capabilities.
Vehicle Necessity: Determine if the car is a necessity or a luxury. Essential purchases may justify taking on a loan more than discretionary ones. Also, be aware of the car's depreciation and how it affects your financial position.
Total Cost of Ownership: Factor in additional expenses like insurance, maintenance, fuel, and registration when budgeting for a car loan. Ensure these costs fit within your budget along with the loan payments.
Alternative Financing: Explore other financing options like personal loans or borrowing from family as they may offer better terms. If ownership isn't crucial, consider leasing which might have lower monthly payments.
Pre-Approval: Getting pre-approved for a loan provides a clearer picture of what you can afford and strengthens your negotiating position with car dealers. It also helps streamline the car-buying process.
Economic Conditions: Consider broader economic conditions as they can affect loan availability and terms. Economic downturns may lead to stricter lending criteria while booms might offer more favorable loan terms.

2. Eligibility Criteria for Taking a Car Loan?

Age: Applicants should be between 21 and 65 years old at the time of loan maturity. This ensures that the borrower is legally eligible to enter into a loan agreement and will be within the working age to repay the loan.
Income: Salaried individuals typically need a minimum monthly income of ₹20,000-₹25,000, while self-employed individuals should have an annual income of ₹2-3 lakh. This demonstrates the applicant's ability to make regular loan payments.
Employment: Salaried individuals should have at least 1-2 years of employment history with 6 months to 1 year in the current job. Self-employed individuals should be in their current business for at least 2-3 years, showing stability and a reliable income source.
Credit Score: A good credit score, generally above 750, is essential as it reflects a strong credit history and responsible repayment behavior. Lenders use this score to assess the risk of lending to the applicant.
Residency: Applicants should have a stable residence history. If renting, lenders may require proof of stability such as a lease agreement or utility bills to ensure the borrower has a fixed address.
Down Payment: Some lenders may require a down payment ranging from 10-20% of the car's value. This upfront payment reduces the loan amount and shows the borrower’s commitment to the purchase.
Existing Debts: Lenders assess the debt-to-income ratio to ensure that the applicant can manage additional loan repayments without financial strain. Keeping existing debts within acceptable limits is crucial.
Type of Car: The car’s make, model, and age (for used cars) can influence loan eligibility. Newer models usually have better financing options due to their higher resale value and lower maintenance costs.
Documentation: Applicants need to provide KYC documents (proof of identity, address, and age), income proof (salary slips, income tax returns), employment proof (employment certificate, business registration), and car documents (proforma invoice, car registration for used cars).

3. What are the Benefits and Advantages of a Car Loan?

Ownership: A car loan allows immediate ownership of the vehicle once the loan is paid off, unlike leasing. It becomes an asset you can sell or trade in the future, contributing to your personal wealth.
Affordability: Car loans spread the cost over time, making payments more manageable and predictable. This helps with budgeting and financial planning, ensuring you don't need to pay a large sum upfront.
Improved Credit Score: Regular, on-time payments can positively impact your credit score. Additionally, having a car loan diversifies your credit profile, which can further enhance your credit rating.
Flexible Terms: Car loans offer flexibility with various lenders and terms available, allowing you to find the best interest rates and repayment periods. You can customize options like loan length and down payment size to suit your financial situation.
Lower Interest Rates: As a secured loan, car loans generally have lower interest rates compared to unsecured loans. The competition among lenders also means you can shop around for the best rates and terms.
Access to Better Vehicles: A loan increases your purchasing power, enabling you to buy a newer or better car than you might afford with cash. Newer cars often come with improved safety features and technology.
Tax Benefits: If the car is used for business, you may deduct the interest on the loan from your taxes and claim depreciation on the vehicle, providing additional financial advantages.
Liquidity Preservation: Taking a car loan helps preserve your savings and maintain liquidity for other expenses or investments, allowing better cash flow management.
Special Offers and Incentives: Manufacturers and dealers often provide special financing deals like low or zero-interest rates, making car loans even more attractive and cost-effective.

4. Important Factors to Consider When Taking a Car Loan?

Interest Rate: Compare the Annual Percentage Rate (APR) across different lenders as a lower rate means less interest paid over time. Understand if the rate is fixed (constant) or variable (fluctuating based on market conditions).
Loan Term: Loan terms typically range from 12 to 72 months. Longer terms result in lower monthly payments but higher total interest costs. Choose a term that balances manageable payments with overall interest expenses.
Down Payment: A larger down payment reduces the amount you need to finance, lowering monthly payments and total interest. Higher down payments can also lead to better loan terms and interest rates.
Loan Amount: Borrow only what you can comfortably repay. Financing extras like warranties or insurance increases your loan amount and monthly payments, so consider these additions carefully.
Credit Score: A higher credit score can qualify you for lower interest rates and better loan terms. If your credit score is low, work on improving it before applying to secure better terms.
Total Cost of the Loan: Calculate the total interest paid over the life of the loan and be aware of additional fees such as origination fees, prepayment penalties, and late payment charges.
Monthly Payment: Ensure the monthly payment fits within your budget without straining your finances. Factor in other expenses like insurance, maintenance, and fuel.
Lender Options: Consider various lender options including banks, credit unions, dealership financing, and online lenders. Compare offers to find the most competitive rates and terms.
Pre-Approval: Getting pre-approved for a loan helps you understand your budget and strengthens your bargaining position with dealers. Some pre-approvals also lock in your interest rate for a certain period.
Loan Conditions: Check for conditions related to refinancing, transferring the loan if you sell the car, and any penalties for early repayment. Understand the payment schedule and due dates to avoid penalties.
Insurance Requirements: Consider gap insurance if you make a small down payment or have a long-term loan. Lenders often require full coverage insurance which can be more expensive than standard coverage.
Resale Value: Understand the car’s depreciation rate and its impact on your loan-to-value ratio. Ensure you won’t be underwater (owing more than the car’s value) by making a substantial down payment or choosing a shorter loan term.

5. Car Loan Interest Rates?

Car Loan Interest Rates

Bank Name	Interest Rate (per annum)	Loan Tenure	Processing Fee
State Bank of India	7.75% - 8.75%	Up to 7 years	0.25% of loan amount (min Rs. 500)
HDFC Bank	7.95% - 8.30%	Up to 7 years	Up to Rs. 10,000
ICICI Bank	7.90% - 9.10%	Up to 7 years	0.5% of loan amount (min Rs. 3500)
Axis Bank	7.75% - 8.85%	Up to 8 years	1% of loan amount (min Rs. 3500)
Punjab National Bank	7.85% - 8.95%	Up to 7 years	0.5% of loan amount
Bank of Baroda	7.70% - 8.70%	Up to 7 years	Rs. 1500
Kotak Mahindra Bank	7.99% - 8.99%	Up to 7 years	0.5% of loan amount (min Rs. 3000)
IDBI Bank	7.50% - 8.75%	Up to 7 years	0.5% of loan amount
Union Bank of India	7.80% - 8.90%	Up to 7 years	Rs. 1000 - Rs. 1500
Canara Bank	7.85% - 9.00%	Up to 7 years	0.25% of loan amount (min Rs. 1000)

Note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Car Loans

1. Who are the best Car Loan providers in Jaipur?

Pankaj Sharma
Kadam Assets FinGuru LLP
Mahindra Finance in Fatehpur
Govind Kulkarni and Associates
Mahindra Finance in Dantri

2. What documents are required for a Car loan?

To apply for a car loan, you'll typically need to provide proof of identity (like a passport or driver's license), proof of address (such as a utility bill), proof of income (salary slips or bank statements), and vehicle details (proforma invoice from the dealer).

3. What are the eligibility criteria for a Car loan?

Eligibility criteria for a car loan usually include being between 21 and 65 years old, having a stable source of income (employment or business), a good credit score, and meeting the minimum income requirements set by the lender.

4. How do I apply for a Car loan online?

To apply for a car loan online, you can fill out the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also, you can visit the lender’s website, fill out the application form with your personal and financial details, upload the required documents, and submit the form. The lender will review your application and get back to you with their decision.

5. How can I get an instant Car loan?

For an instant car loan, apply through lenders offering instant approval services, typically online or through their mobile apps. Ensure you have all necessary documents ready and a good credit score to increase your chances of quick approval.

6. What is the percentage rate for Car loans?

The interest rate for car loans varies by lender and borrower profile but generally ranges between 7% to 12% per annum. Factors affecting the rate include credit score, loan amount, tenure, and type of vehicle.

7. Can I get a Car loan with a low CIBIL score?

It is possible to get a car loan with a low CIBIL score, but it may come with higher interest rates and stricter terms. Some lenders specialize in high-risk loans, but it's advisable to improve your credit score to get better terms.

8. What is the processing fee for a Car loan?

The processing fee for a car loan typically ranges from 0.5% to 2% of the loan amount, depending on the lender. Some lenders may have fixed fees, while others charge a percentage of the loan.

9. Can I get a Car loan with a bad credit score?

Yes, you can get a car loan with a bad credit score, but it might be more challenging. Expect higher interest rates and stricter loan terms. Consider looking for lenders specializing in subprime loans or improving your credit score before applying.

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4.4

Based on 35 Reviews

Kalp Ajmer Road

29 Oct, 2019

Fast n easy to get process my car loan ..same day get my car loan approval ..really amazing n superb experience with parashar ji

Sapna dhanuka Gopalbari

25 Nov, 2018

hinduja leyland finance is not a good finance company the company employ is a doing frod with me IN MY VEHICLE FINANCE YOUR BANK STAFF AJIT SINGH CHURU BRANCH MANAGER YESTRDAY IN MY PS KOTWALI THANA FATEHPUR SIKAR RAJASTHAN SUMBIT A NOTICE FROM ACJM/DJ COURT JHUNJHUNU AGENEST ME & MY VICHEL SUBIT A NOTICE FOR ANY LIBBLITES PLS CALL US FOR A MTTER CLOSE AND SATEL WITH PARTY DONT USE A LEGAL PROCESE IN COURT & PS HIRE PUR AGRMENT NO:-RJJPSK01086 my whical no :- RJ23GA8209 OWNER NAME :- JITENDRA S/O NATHMAL SAWAMI ADDRESH:- RAMGHAR ROAD WD NO 33 FATEHPUR SIKAR VEHICLE NAME :-DOST LS ASHOK LEYLAND CHASSIS NO:-MB1AA22E2DRC32117 ENGINE NO:-DCH031197P MOBILE NO:-6376666366

Depak M.I. Road

04 May, 2017

My relative was planned to buy Car for my official purpose..then from Esskay Auto Finance Pvt. Ltd. I have got commercial vehicle loan ,they have been provided the loan amount for me…I have paying some nominal amount as a interest..the service is very good and im happy..

Top Car Loan Providers in Jaipur

What type of vehicle loan do you need?

Find the Top Car Loan Providers from Sulekha in Jaipur

Top List of 10+ Car Loan Providers in Jaipur. Get a Car loan with a low interest rate. Also, get an instant vehicle loan, Auto loan, used car loan, commercial car loan, and more. Find the best car loan service providers near your location. as on Dec 10, 2024

Pankaj Sharma

Kadam Assets FinGuru LLP

Mahindra Finance in Fatehpur

Govind Kulkarni and Associates

Mahindra Finance in Dantri

Mahindra Finance in Sanganer Bazar

Mahindra Finance in Transport Nagar

Mahindra Finance in Amba Bari

Mahindra Finance in Bayana

Mahindra Finance in Durgapura

Latest User Reviews for Car Loan in Jaipur

Recently Connected Loans Business Partners in Jaipur

Recent Enquiries for Car Loan in Jaipur

Why Choose Sulekha?

1. When to Consider Taking Out a Car Loan?

2. Eligibility Criteria for Taking a Car Loan?

3. What are the Benefits and Advantages of a Car Loan?

4. Important Factors to Consider When Taking a Car Loan?

5. Car Loan Interest Rates?

Most Common Questions About Car Loans

1. Who are the best Car Loan providers in Jaipur?

2. What documents are required for a Car loan?

3. What are the eligibility criteria for a Car loan?

4. How do I apply for a Car loan online?

5. How can I get an instant Car loan?

6. What is the percentage rate for Car loans?

7. Can I get a Car loan with a low CIBIL score?

8. What is the processing fee for a Car loan?

9. Can I get a Car loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application