Car Loan Lucknow

About Lucknow

Lucknow has been ranked the 6th among the fastest job-creation cities in India. Lucknow is clearly showing the rapid development in various forms of businesses such as banking, retail industry, IT, education, legal infrastructure and other sectors. Lucknow, with its excellent education, commercial, banking and legal infrastructure, is witnessing rapid growth in Information Technology; banking, retailing, construction and other service sectors. With such economic strength, the city, of course, holds a good strength of salaried as well as self-employed individuals. The city is full of young minds who are either running their own business or working for a big IT firm.

About Car Loan

Lucknow is a place that needs no introduction when it comes to the high-class living. People living or working in Lucknow know that high society of this city has a great collection of cars. So, if you are also planning to buy a luxury car for yourself, apply for a car loan at one of the top banks in India and get low rates with flexible repayment option. You can choose the best car loan offer as per your eligibility and requirement in your location itself. Now, make your travel convenient with a car and live your life without hurting the pocket much.

Car Loan Lucknow in a nutshell

ParticularsDetails
Interest Rate8.60% - 16.25%
Processing Fee₹500-₹5500; 0.25%-0.50% of the loan amount
Pre-payment/Part-payment ChargesPre-payment charges- 5% of the principal outstanding+service tax as applicable

Part-payment charges- 5% of the part payment amount+service tax as applicable
Tenure/Repayment1-7 years
Lowest EMI₹1,594-₹2,015(per lakh)

Eligibility Criteria required for Car loan in Lucknow

ParticularsSalaried Individuals Self-Employed IndividualPartnership FirmPrivate/Public Ltd. Company (in existence for at least 3 years)
AgeThe applicant should be above 18 years at the time of application, and up to 60 years of age at the time of maturity of the loanAny proprietor, partner, professional or director above 18 years but below 65 years at the time of the loan maturity.
Income Minimum gross annual income of at least ₹2,50,000/-Minimum gross annual income of at least ₹2,50,000/-Firm should have a minimum turnover of ₹2.50 lakhsMinimum turnover of ₹2.50 lakhs
Job StabilityThe total employment stability should be for at least 2 years and current employment stability of minimum 1 yearBusiness stability should be for at least 2 years

Documentation Required for Car Loan

  • Proof of Identity: Passport copy, PAN Card, Voter ID card, driving license( Laminated, Recent, Legible)
  • Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
  • Proof of Income: Latest salary slip with form 16/Audited balance sheet, Profit & Loss Account for latest two years/a minimum turnover of ₹4,50,000 per annum/Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company/Latest ITR
  • Bank Statement: Last 6 months

Top Banks giving Car Loan in Lucknow with Interest Rate and Address

Banks NameMain Branch AddressInterest Rate (p.a.)
State Bank Of IndiaTarawali Kothi Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh-2260019.05% - 12.60%
HDFC BankHDFC Bank Ltd., 31/31 M.G Road Hazratganj, Lucknow, Uttar Pradesh-2260018.00% - 13.00%
ICICI BankNo. 14A, Shakutalam Plaza, Kanpur Road, Bara Birwa, Alambagh, Lucknow, Uttar Pradesh-22600510.75% - 15.50%
Axis BankHalwasiya House,11 M.G. Marg,Hazratganj, Lucknow, Uttar Pradesh-226001

11.00% - 12.00%

Punjab National Bank4, Vibhuti Khand, Opp Picup Building, Gomti Nagar, Lucknow, Uttar Pradesh-2260108.75% - 9.20%
Bank of IndiaStar House, Vibhuti Khand, Gomti Nagar, Lucknow, Uttar Pradesh-2260109.25%
Bank of BarodaAminabad Branch, 443, Ganga Prasad Road, PB No. - 227, Aminabad, Lucknow-2260018.80% - 10.55%
Central Bank of IndiaP.B. No-10, Akash Deep, 23, Vidhan Sabha Road DIST- Lucknow, Uttar Pradesh-2260018.70%
Bank of Maharashtra21, Vidhan Sabha Marg, Lucknow-2260018.90% - 9.40%
IDBI BankIDBI Bank, 3rd Floor, Regional Office, Kisan Sahkari Bhavan, 2 M.G Marg, Hazratganj, Lucknow, Uttar Pradesh- 2260019.95% - 12.05%

People Also Look For

Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%