Top List of 150+ Vehicle Loan Providers in Hyderabad. Get an instant Vehicle Loan with low interest rate, Also apply for car loan, used car loan, second hand bike loan, and more. Find the best Vehicle Loan service providers near your location. as on Oct 16, 2024

Vinay Financial Services

Kukatpally, Hyderabad, 500072

5.0/5 Based on 1 Reviews

+08048048755

Loans Car Loans Used Car Loans

+1 more

Response Time: Within 15 MinsSulekha score: 6.1

Vinay Financial Services, located in Kukatpally, Hyderabad, is a well-regarded financial service provider with a strong reputation for delivering a variety of loan solutions. With over 29 years of experience in the financial industry, they specialize in offering tailored loan options, including home loans, mortgage loans, and loans against property. They are known for their quick response time and customer-centric approach, ensuring that clients receive prompt and effective solutions to meet their financial needs. Their services cater to both individuals and businesses, making them a trusted partner for those seeking financial assistance in Hyderabad.

Available Loan Types:

Offering 3 different types of loans

Loan Amount Range:

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

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Baig Associates

Banjara Hills, Hyderabad, 500034

4.9/5 Based on 78 Reviews

+08069874935

Loans Business Loans Car Loans

+13 more

Response Time: Within 15 MinsSulekha score: 9

Baig Associates, located in Banjara Hills, Hyderabad, specializes in offering a wide range of loan services to meet diverse financial needs. Established in 2016, this firm has built a reputation for reliability and customer satisfaction, catering to both individual and commercial clients. Their services include vehicle loans, home loans, mortgage loans, and loans against property, among others. The firm prides itself on its dedicated team of professionals who work tirelessly to find the best loan solutions for their clients. Operating with a high response rate and strong customer feedback, Baig Associates ensures that financial goals are within reach for all their customers.

Available Loan Types:

Offering 10+ different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹50 Lakhs and above
Depending on the type of loan

DUSHYANTH from Hyderabad

"I got information through news paper then i immediately contact Mr Khadar Valli Baig i think he is very good Behaviour and genuine person because for getting proper information about mortgage loan and easy to get mortgage loan as per our requirement, "

MMS Steels Power Private Ltd from Hyderabad

"He is good service and genuine service in Hyderabad baig Associates "

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Manjula Devibairy

Amberpet, Hyderabad, 500013

+09021116608

Loans Car Loans Used Car Loans

+1 more

Response Time: Within 15 MinsSulekha score: 4.9

Manjula Devibairy is a trusted loan provider based in Amberpet, Hyderabad, with over 25 years of experience in the financial services industry. The business specializes in offering a wide range of loan services, including vehicle loans for both new and used four-wheelers, personal loans, and more. They cater to loan amounts ranging from 1 lakh to over 25 lakhs, ensuring tailored solutions to meet various financial needs. Their expert team is dedicated to guiding customers through the loan process, making it hassle-free and efficient. The business operates with a customer-centric approach, focusing on providing the best loan options that align with the client's budget and requirements

Available Loan Types:

Offering 3 different types of loans

Loan Amount Range:

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

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Nandhika Enterprises

Meerpet, Hyderabad, 500097

+09021118053

Loans Car Loans Used Car Loans

+1 more

Response Time: Within 15 MinsSulekha score: 6.9

Welcome to Nandhika Enterprises! Step into our world of financial solutions and embark on a journey towards your dream car. Our company has been providing top-notch services in the area of Meerpet for years. With a strong team of experienced professionals, we offer a wide range of services including loans and car financing. Whether you are looking for a new or used car, our team is here to help you. With our expertise in vehicle loans, we ensure ... less

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Chada Enterprise

Saroor Nagar, Hyderabad, 500035

+08069876099

Loans Car Loans Used Car Loans

+1 more

Response Time: Within 15 MinsSulekha score: 7.2

Kishore Kumar is a seasoned Consultant Physician with over 34 years of experience in Internal Medicine, practicing in Saroor Nagar, Hyderabad. He operates from Ratna Clinic and Ratna Hospital, offering services that include hypertension treatment, diabetes management, and general health checkups. Dr. Kumar is an MBBS graduate from Gandhi Medical College, Bhopal, and is affiliated with prominent medical associations such as the Research Society for the Study of Diabetes in India (RSSDI) and the Association of Physicians of India. His commitment to patient care and extensive experience make him a trusted name in the medical community?

Available Loan Types:

Offering 3 different types of loans

Loan Amount Range:

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

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Govind Kulkarni and Associates

Vadgaon Budruk, Pune, 411041

( Also serves in Hyderabad )

+07569016241

Loans Car Loans Two Wheeler Loans

+1 more

Response Time: Within 15 MinsSulekha score: 5.3

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 Asifabad

Jankapur, Asifabad, 504293

( Also serves in Hyderabad )

+08069864882

Loans Car Loans Commercial Vehicle Loans

+6 more

Working hours: 12:00 AM to 12:00 PM

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Mahindra Finance in Medipalli

Kamala Nagar, Medipalli, 500098

( Also serves in Hyderabad )

+08069681244

Loans Car Loans Commercial Vehicle Loans

+6 more

Working hours: 12:00 AM to 12:00 PM

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Mahindra Finance in Vaidehinagar

Nr TVS Showroom, Hyderabad, 500070

+08069865192

Loans Car Loans Commercial Vehicle Loans

+6 more

Working hours: 10:00 AM to 6:00 PM

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Mahindra Finance in K.P.H.B Colony

KPHB Colony, Kukatpally, 500072

( Also serves in Hyderabad )

+08042782317

Loans Car Loans Commercial Vehicle Loans

+6 more

Working hours: 9:30 AM to 6:30 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 Vehicle Loan?

Financial Stability: Ensure you have a reliable, steady income to comfortably cover monthly payments and maintain an emergency fund covering 3-6 months of expenses. This financial cushion is crucial before taking on additional debt.
Credit Score: A higher credit score can qualify you for better interest rates, making the loan more affordable. If your credit score is low, consider improving it before applying to secure better terms and lower interest rates.
Interest Rates: Monitor current interest rates and consider taking out a loan when rates are low. Decide whether a fixed or variable interest rate is more suitable for your financial situation to manage long-term costs effectively.
Vehicle Necessity: If your current vehicle is unreliable or you need transportation for work, a vehicle loan may be necessary. Consider the depreciation rate of the vehicle you plan to buy as some cars lose value faster than others.
Loan Terms: Ensure that the loan’s monthly payments fit within your budget without causing financial strain. Choose a loan term that balances affordable monthly payments with the total interest cost over time.
Down Payment: A larger down payment can reduce the loan amount and monthly payments, potentially securing better loan terms. If you have a current vehicle to trade in, it can act as a down payment and further reduce your loan amount.
Overall Financial Health: Maintain a manageable debt-to-income ratio, keeping your existing debt levels in check. Consider any upcoming major expenses or changes in income that could affect your ability to make loan payments.
Loan Pre-Approval: Getting pre-approved for a loan provides a clear picture of what you can afford and helps you negotiate better terms. It also streamlines the buying process, making it easier to close the deal.
Additional Costs: Factor in the cost of insurance for the new vehicle, as it can be higher than your current vehicle. Budget for maintenance and repairs, considering that new vehicles generally have lower initial maintenance costs but may incur higher expenses later on.

2. Eligibility Criteria for Vehicle Loan?

Age: Borrowers should typically be at least 18 years old, though some lenders may require a minimum age of 21. The maximum age for loan maturity is usually between 60 and 65 years.
Income: Employed individuals must meet minimum monthly or annual income requirements, which vary by lender. Self-employed individuals need to show consistent income over several years, supported by financial statements and tax returns.
Employment Status: Salaried individuals should have stable employment with a reputable organization, usually with at least 1-2 years of tenure. Self-employed borrowers need a stable business track record, typically for a minimum of 2-3 years.
Credit Score: A good credit score, usually above 650-700, is essential. This score reflects the borrower's creditworthiness and repayment history, which significantly impacts loan approval and terms.
Loan Amount: The loan amount should align with the borrower’s income and repayment capacity. Lenders often have specific minimum and maximum loan limits, and the amount requested should be reasonable within these bounds.
Down Payment: Borrowers might need to make a down payment, usually ranging from 10-20% of the vehicle’s price. This reduces the loan amount and shows the borrower’s commitment.
Vehicle Type: Eligibility criteria can differ for new and used vehicles. Lenders often have specific terms and conditions for each type, influencing the loan's terms and interest rates.
Documentation: Required documents include proof of identity, address, income, employment, and vehicle details. These documents help verify the borrower’s information and financial stability.
Debt-to-Income Ratio: Lenders assess the borrower’s existing debt obligations compared to their income to ensure they can manage additional loan repayments without financial strain.
Additional Considerations: Adding a co-applicant with a stable income and good credit score can improve eligibility. The vehicle itself often serves as collateral, but additional collateral might be required in some cases.

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

Affordability: Vehicle loans make cars more affordable by spreading the cost over time, allowing for manageable monthly payments. This helps avoid the financial strain of a large upfront payment.
Ownership and Equity: With a vehicle loan, you gain immediate ownership of the car once fully paid off. Each payment builds equity in the car, benefiting you if you decide to sell or trade it in the future.
Improved Credit Score: Regular on-time loan payments can enhance your credit score and demonstrate reliability to future lenders. Additionally, adding a vehicle loan improves your credit mix, positively impacting your credit score.
Flexible Terms: Numerous financial institutions offer vehicle loans with a range of options, allowing you to find the best terms and interest rates. Loan terms can also be customized to fit your financial situation.
Low Interest Rates: Vehicle loans often come with lower interest rates compared to other types of loans, especially for those with good credit. Dealers and manufacturers may offer promotional rates, reducing overall loan costs.
Preserve Savings: Taking a vehicle loan means you don't need to deplete your savings, allowing you to maintain an emergency fund or use your savings for other investments.
Improved Vehicle Options: Financing allows you to consider higher-end models or newer cars that might be outside your immediate cash budget. Newer vehicles typically come with warranties, reducing unexpected repair costs.
Tax Benefits: If the vehicle is used for business purposes, you might be eligible for tax deductions such as depreciation and interest expenses, making the loan more cost-effective.
Ownership Incentives: Owning the vehicle provides the opportunity to use it as a trade-in for a new car, potentially reducing the cost of your next vehicle and providing better negotiation power.
Leverage: Pre-approved financing allows for better negotiation with car dealers as you have a clear understanding of your budget and loan limits, potentially securing better terms.

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

Interest Rates: Compare fixed and variable interest rates from different lenders to find the most competitive option. Higher credit scores often secure better rates, so improving your credit score beforehand can be beneficial.
Loan Term: Loan terms range from 24 to 84 months, with shorter terms having higher monthly payments but lower total interest costs. Consider both the monthly payment and the total interest paid over the loan’s duration.
Monthly Payment: Ensure the monthly payment fits within your budget, factoring in additional costs like insurance, maintenance, and fuel. Affordability is key to avoid financial strain.
Down Payment: A larger down payment reduces the loan amount, lowering both monthly payments and total interest paid. Some lenders offer better interest rates with higher down payments.
Credit Score: Your credit score significantly affects loan approval and interest rates. Higher scores typically secure better terms, so improving your score before applying is advantageous.
Loan Fees: Be aware of origination fees and any prepayment penalties. These fees can add to the overall cost of the loan, so factor them into your decision.
Type of Vehicle: Interest rates differ between new and used vehicles, with new cars often having lower rates but higher depreciation. Consider the vehicle’s depreciation rate as it affects loan-to-value ratio and potential equity.
Lender Reputation: Research the lender’s customer service and check reviews and ratings from other borrowers. A reputable lender ensures reliability and transparency throughout the loan process.
Insurance Requirements: Lenders usually require comprehensive insurance coverage, which can be costly. Consider gap insurance to cover the difference between the loan amount and the vehicle’s value in case of an accident or theft.
Pre-Approval: Getting pre-approved for a loan provides a clear budget and strengthens your negotiating position with the dealer. It simplifies the buying process and ensures you know your financing options.
Refinancing Options: Look for loans that offer the flexibility to refinance in the future if interest rates drop or your financial situation improves. This can reduce your payments or loan term.
Vehicle’s Total Cost: Negotiate the vehicle’s price to reduce the loan amount needed and ensure you get a fair trade-in value for any vehicle you’re trading in. This reduces the overall loan amount and financial burden.

5. Vehicle Loan Interest Rates?

Bank Name	Interest Rate (p.a.)	Processing Fee	Loan Tenure
State Bank of India	7.75% - 8.65%	0.25% of loan amount	Up to 7 years
HDFC Bank	7.95% - 8.30%	₹3,500 - ₹4,500	Up to 7 years
ICICI Bank	8.25% - 9.00%	₹3,500 - ₹5,000	Up to 7 years
Axis Bank	8.50% - 11.50%	₹3,500	Up to 7 years
Punjab National Bank	7.90% - 9.35%	0.25% of loan amount	Up to 7 years
Bank of Baroda	7.70% - 9.25%	₹1,500 - ₹10,000	Up to 7 years
Kotak Mahindra Bank	7.99% - 8.75%	₹3,500	Up to 7 years
Union Bank of India	8.25% - 9.15%	0.50% of loan amount	Up to 7 years
IDFC First Bank	7.50% - 12.00%	₹5,000 - ₹10,000	Up to 7 years
IndusInd Bank	8.25% - 11.25%	₹3,500 - ₹5,000	Up to 7 years

Please 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 Vehicle Loans

1. Who are the best Vehicle Loan providers in Hyderabad?

Vinay Financial Services
Baig Associates
Manjula Devibairy
Nandhika Enterprises
Chada Enterprise

2. What documents are required for a Vehicle Loan?

To apply for a vehicle loan, you typically need proof of identity (Aadhar, PAN card), proof of address (utility bills, passport), income proof (salary slips, bank statements), and vehicle-related documents (quotation or invoice).

3. What are the eligibility criteria for a Vehicle Loan?

Eligibility criteria generally include being at least 21 years old, having a stable income, a good credit score, and a minimum income threshold, which varies by lender. Employment stability and existing debt are also considered.

4. How do I apply for a Vehicle Loan online?

To apply for a vehicle loan online, you can apply online with 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 required details, upload necessary documents, and submit the form. The lender will review and process your application, often providing instant approval or feedback.

5. How can I get an instant Vehicle Loan?

Instant vehicle loans can be obtained through lenders offering pre-approved loans to existing customers, having a good credit score, and applying online through platforms that provide quick loan approvals based on minimal documentation.

6. What is the percentage rate for Vehicle Loan?

The interest rate for vehicle loans typically ranges from 7% to 15% per annum, depending on factors like the lender, loan amount, tenure, and the applicant’s credit profile.

7. Can I get a Vehicle Loan with a low CIBIL score?

Yes, it is possible to get a vehicle loan with a low CIBIL score, but it may come with higher interest rates and stricter terms. Some lenders specialize in providing loans to individuals with lower credit scores.

8. What is the processing fee for a Vehicle Loan?

The processing fee for a vehicle loan generally ranges from 0.5% to 2% of the loan amount, depending on the lender's policies. Some lenders might also have a fixed fee structure.

9. Can I get a Vehicle Loan with a bad credit score?

While getting a vehicle loan with a bad credit score is challenging, it is not impossible. Some lenders offer loans to individuals with poor credit, though they might charge higher interest rates and require a larger down payment.

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4.0

Based on 81 Reviews

VENKATESH R Banjara Hills

11 Jun, 2022

AP09BJ2674 THIS IS MY VEHICLE NO I TAKEN VEHICLE LOAN FOR YOUR FINANCE OFFICE I CLEAR MY ALL EMI. NOW I WANT NOC CERTIFICATE HOW TO GET THAT CERTIFICATE

Siva Rama Krishna Begumpet

22 Nov, 2021

i have a bike loan in bussan finance. but the finance is clear but my noc is not returned. my finance is cleared in before 4months back. still no one is contact me. i already go to begumpet bussan finance but the office is not there and office is closed

Sharanya Begumpet

17 Sep, 2019

Worst service, that callers are talking very rudly particularly miss jyothi (caller) I was told her many times, I'm out of station after coming to hyderabad ill pay the amount, but she doesn't have minimum common sense. She don't know how to talk with client also. I was asked her to keep your office address I'll visit and do the complaint on her, she don't even care my words, very very bad service you people providing, that one star also waste for your service. Such a worst girl (caller jyothi)

Deepak Masab Tank

05 Jul, 2019

They don't give a loan on car useless app ND useless people I recommend not to use this app 1 of the time waste app in the world

Mani Saran Mehdipatnam

04 Jan, 2019

I contacted the State Bank of India, Mehdipatnam for two-wheeler loan Their response was very good. I submitted all the necessary documents to them and they processed my loan within 3 days the charges also reasonable only. I am very much happy with their service.

Mallesh Musheerabad

04 Dec, 2018

Got Vehicle loans from this ICICI bank. they did the work very quickly in order to get the loan quickly. the staff member was very cooperative and very friendly moving into the customer. I brought new TATA Tipper vehicle. They provided 80% as loan amount in vehicle cost, They have charged me a very reasonable amount for EMI. there was a quick response to the customer since the customer satisfaction was very important. Excellent service from them.

Steven Begumpet

24 Sep, 2018

The callers are very rude to the customer talking bad words I had done payment in the paytm even though they are keep on calling worst finance

Ravi Hyderabad

12 Sep, 2018

Recently I'm looking for the vehicle loan, and I Got the loan from this Bank. it was for the new four wheeler. since I have an account already in this bank, getting loan was very quick and easier. Documentation charge was very modest rate and the loan amount was as I expected. They did the work very quickly in order to get the loan quickly. A staff member was very cooperative and very friendly moving into the customer. There was a quick response to the customer since the customer satisfaction was very important. Good service from them

Top Vehicle Finance in Hyderabad

What type of vehicle loan do you need?

Find the Top Vehicle Loan Providers from Sulekha in Hyderabad

Top List of 150+ Vehicle Loan Providers in Hyderabad. Get an instant Vehicle Loan with low interest rate, Also apply for car loan, used car loan, second hand bike loan, and more. Find the best Vehicle Loan service providers near your location. as on Oct 16, 2024

Vinay Financial Services

Baig Associates

Manjula Devibairy

Nandhika Enterprises

Chada Enterprise

Govind Kulkarni and Associates

Mahindra Finance in Asifabad

Mahindra Finance in Medipalli

Mahindra Finance in Vaidehinagar

Mahindra Finance in K.P.H.B Colony

Latest User Reviews for Vehicle Finance in Hyderabad

Recent Enquiries for Vehicle Finance in Hyderabad

Why Choose Sulekha?

1. When to Consider Taking Out a Vehicle Loan?

2. Eligibility Criteria for Vehicle Loan?

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

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

5. Vehicle Loan Interest Rates?

Most Common Questions About Vehicle Loans

1. Who are the best Vehicle Loan providers in Hyderabad?

2. What documents are required for a Vehicle Loan?

3. What are the eligibility criteria for a Vehicle Loan?

4. How do I apply for a Vehicle Loan online?

5. How can I get an instant Vehicle Loan?

6. What is the percentage rate for Vehicle Loan?

7. Can I get a Vehicle Loan with a low CIBIL score?

8. What is the processing fee for a Vehicle Loan?

9. Can I get a Vehicle 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