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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 23/10/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 23/10/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :23/10/2021

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हिंदी में पढ़े
Updated: 04-10-2021 11:00:06 AM

TransUnion CIBIL is the oldest credit information and insight company operating in India. It collects data from credit institutions across India including banks and non-banking financial companies (NBFCs). This data is subsequently used to prepare Credit Information Report (CIR) i.e. CIBIL report and calculate CIBIL score/CIBIL rank for individual/corporate borrowers. In case of individual borrowers, a high CIBIL score is essential to be approved for a car loan as well as any other type of loan. The following sections discuss key aspects regarding how to achieve and maintain a good CIBIL score for a car loan.

A strong credit score can increase chances of getting your car loan approved. Check Score

What does a Good CIBIL Score for Car Loan Mean?

Credit score is a 3 digit number which is part of an individual’s CIBIL report. Your CIBIL report, also called the Credit Information Report, is generated based on the handling of loans and credit cards in the past. Your CIBIL score sums up how well you have previously handled credit by assigning a number between 300 and 900. A high CIBIL score is closer to 900 such as 750 or higher. Also simply put, higher your score, higher are your chances of getting a car loan approved, whether for purchase of a new car or a used car.

But a good credit score will not only improve your chances of being approved for a car loan, but can also provide you better access to special offers. Such offers can include 100% car financing i.e. zero down payment, lower than usual processing fees, special low interest rates, etc.

Also Know: What are the Factors that Affect your CIBIL score?

While a good CIBIL score is definitely desirable to avail a car loan easily, a comparatively low CIBIL score, such as 650 or below does not automatically make you ineligible for a car loan. However, a low score can typically results in car loan offers that have a higher interest rate or a higher down payment requirement.

Wondering about your credit score? You can get it here for free. This Way

How to Apply for a Car Loan with CIBIL Score?

Following is the step-by-step procedure to apply for a car loan:

Step 1: Fill out the car loan application form on Paisabazaar.com

Step 2: Subsequently, you will see a list of eligible car loan offers arranged as per the chances of approval.

Step 3: Select the most suitable loan offer or call Paisabazaar customer care for assistance.

Step 4: Get instant conditional e-approval as soon as you submit your online car loan application. As part of the application process, we will automatically check your CIBIL score to determine if it is suitable for availing the car loan of your choice and subsequently forward your application to your chosen lender.

How does CIBIL Score affect Car Loan?

While your CIBIL Score is only one of the factors that determines your eligibility for a car loan, it does play a key role in availing the loan. The following are the key ways in which a good CIBIL score helps avail a car loan easily:

  • Car Loan Approval: CIBIL score as well as other credit score offered by other credit bureaus acts as a direct measure of your creditworthiness. In other words, it helps the lenders evaluate your suitability to receive future loans such as car loans based on your repayment behaviour in the past. Hence higher the CIBIL score, higher are the chances of getting your car loan approved.
  • Car Loan Interest Rate: Your credit score may also affect the interest rate at which you will get the car loan. A high CIBIL score which is closer to 900, such as 750 and above reflects greater financial responsibility, and thus results in a lower interest rate.
  • Car Loan Amount: A good repayment history may also allow you to avail a bigger car loan amount such as one with zero down payment i.e. 100% financing. On the other hand, a low CIBIL score of 600 and below reduces your creditworthiness hence may not allow you to get the desired loan amount.

A strong credit score can help in getting the desired loan amount. Check Score

Can I Get a Car Loan with a Low CIBIL Score or No Credit History?

While having a good credit score improves your chances of getting a car loan approved, a comparatively credit score or having no credit history (i.e. no prior loans/credit cards) does not automatically make you ineligible for a car loan. Please note that no credit history (denoted by NH/NA on a credit report) typically means that you have never had any loan or credit card in the past. In such cases, lenders typically consider the following factors in order to determine your eligibility for a car loan:

  • Income: If you can prove that you have a stable source of income that can support the payment of monthly loan installments, your chances of approval will increase. Typically salary slips, Form 16, profit and loss statement, etc. need to be submitted with the lender as income proof documents.
  • Loan Amount: A low credit score is indicative of higher risk of default for the car loan as compared to an applicant with a high score. Thus, you may decide to request a lower car loan amount and choose a higher down payment option to increase your chances of car loan approval.
  • Co-applicant/ Guarantor: Apply with a co-applicant who has a better credit score and a more stable source of income. You may also consider getting a guarantor, so that the lender can trust not just your repayment capability but also your guarantor’s when approving the loan.

Click to know your credit score @ zero fee. This Way

How To Improve Credit Score For Car Loans?

Follow the steps mentioned below to know how to improve credit score for car loans:

Step 1:Know your Credit Score

It is imperative that you must first know your credit score for a car loan. You can visit Paisabazaar.com to know your credit score where you can fetch your credit report for free.

Step 2: Check your Credit Report

A credit report is a record of a borrower’s repayment of debts. So you must check the details relating to credit to avoid any sort of errors. For example, wrong personal information- your name, address, etc.

Step 3: Raise a Dispute

If you see any error in your credit report, it is highly advisable to raise a dispute with CIBIL to rectify errors.

Note: If there’s no error in your CIBIL Report, your credit score can still be low for which you need to improve your creditworthiness. Click here for more details.

How to Check your CIBIL Score for Car Loan Online for Free?

You can check your CIBIL report and score online for free through Paisabazaar.com, additionally, you can also seek the help of Paisabazaar’s credit advisory service to improve your score and enhance your eligibility for a car loan in the future. Follow the subsequent steps to check your credit score for free online:

Step 1: Visit the free CIBIL Score page on Paisabazaar.com

Step 2: Fill out the CIBIL score application form online

How to Check your CIBIL Score for Car Loan Online for Free?

Step 3: Finally, click the “Get Free Credit Report” button to get your CIBIL credit report and score with monthly updates absolutely free.

Frequently Asked Questions (FAQs)

Q1. What is a CIBIL score?

Ans. A CIBIL score is a 3-digit numerical summary of your credit report. It varies between 300 and 900. The score serves as a measure of your creditworthiness. Higher your score i.e. closer you are to 900, higher are the chances of getting a loan application approved.

Q2. What is considered a good CIBIL score for getting a car loan?

Ans. A CIBIL score close to 900, typically 750 and above is generally considered a good CIBIL score for getting a car loan.

Q3. How can I improve my credit score?

Ans. You can improve your credit score by:

  • Making timely payment of loan EMIs and credit card dues,
  • Maintaining a low credit utilization ratio, and
  • Avoiding multiple loan applications.

You can also seek the assistance of credit advisory services from Paisabazaar to improve and maintain a high credit score.

Q4. Can I get a car loan with a low CIBIL score?

Ans. Yes, you can get a car loan with a low CIBIL score. However, you should prove to the lender that you have a stable source of income and you may also have to arrange for a guarantor or settle for a lower loan amount.

Q5. Can I check my CIBIL score for free on the TransUnion CIBIL website?

Ans. Yes. You can access your CIBIL report which contains your CIBIL score for free once a year directly from TransUnion CIBIL. However, Paisabazaar.com offers free CIBIL reports with monthly updates i.e. up to 12 free CIBIL reports a year at zero cost.

Q6. What should I do, if there is an error in my CIBIL report?

Ans. You should raise an online dispute with CIBIL when there is a error in your report. Login to myCIBIL and navigate to Credit Reports > Dispute Center > Dispute an Item. This process is known as raising a CIBIL dispute.

Q7. Is CIBIL score also important for a car loan intended to purchase a used car?

Ans. Lenders tend to use your CIBIL score as the first check to assess your creditworthiness, and hence CIBIL score is important for both new and used car loan.

Q8. Can CIBIL score affect the interest rate of car loan?

Ans. Yes, CIBIL score can affect the interest rate of car loan. Generally, a high credit score translates to a lower preferential interest rate on a car loan.

Q9. How can I check the status of a dispute raised online at CIBIL?

Ans. CIBIL sends weekly email notifications to convey the status of the dispute.

Q10. How does CIBIL prepare credit report and score?

Ans. TransUnion CIBIL prepares your credit report and score on the basis of the data collected from its member credit institutions, which include banks and NBFCs all over India.

Kotak Mahindra Bank Car Loan
(4.4/5 ) 16 Reviews
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Jun 13, 2019
5/5
Discounts

Absolutely blown away by the incredible variety of discounts that I receive everyday on my Kotak Credit Card.

Jan 27, 2017
5/5
Lowest interest rate

I’ve taken SBI car loan for the third time and this time I got my loan approved at 9% with no processing fee. I recommend SBI to all the people who are planning to buy a car. They give you best-in-class experience with lowest possible interest rate. Their loan procedure takes 2 days but its worth your time.

Jan 27, 2017
5/5
Highest loan amount

I wanted to buy Tata Safari Storme top model, but I had not saved enough for the down payment. SBI funded 80% of the car price and I got my loan approved within at minimum interest rate within 72 hours. My dream car was delivered to me on time. I really had a very nice experience with SBI.

Jan 27, 2017
4/5
Highly satisfactory

I chose SBI because I have a salary account with them. They offered me 9.25% interest rate and no processing fee. The customer services are so well and the loan process is quite simple. I will surely recommend SBI car loan to my friends.

Jan 27, 2017
3/5
Loan disbursal takes too long!

SBI loan interest rates and processing fees are very low but the loan processing takes too long. I had to wait for 10 days to get my loan approved. Happy with the interest rates but loan processing time should take less time.

Jan 27, 2017
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Overall good experience

SBI Car loan interest rate is pretty much lower than other banks. I recently bought my Ford Ecosport with minimal documentation at an interest rate of just 9.4%. The customer services are satisfactory and the loan disbursal procedure was hassle-free.

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