Best Bank For Car Loan With Minimum Documents & Faster Processing?


Thread Starter #1
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I had a terrible time dealing with both HDFC Bk and SBI in getting Car Loan.

HDFC - Dealer contact in HDFC says its online processing so no documents needed if pre-approved.
My Branch contact saying even if pre-approved, you will still need to provide a tons of documents etc.

In both cases, processing fees, foreclosure charges etc are all applicable.

SBI - it needs a lot of documents more than HDFC, like employer NOC, Employer letter etc, and couple of branches i have Managers are on leave, so no new loans can be disbursed. kind of autocratic reply.

Still in dilemma.

Any recent experience in detail please.
 
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Re: Best Bank for Car Loan with Minimum Documents and Faster Processing

Rather than going for best bank.....let your dealer handle your loan as they have contacts and get the work done damn fast.
 
Thread Starter #4
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Re: Best Bank for Car Loan with Minimum Documents and Faster Processing

Try Syndicate Bank very easy process.
Thanks.

Rather than going for best bank.....let your dealer handle your loan as they have contacts and get the work done damn fast.
Thanks, I have went through dealer only to both the bank.
They are saying for HDFC Zipdrive, there is no documentation required. Anyone has any experience in that?
 
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My experience with ICICI bank car loan was super smooth and quick. approval within a day.
Month end is the right time to negotiate with bank Exe's as they have their target to achieve. try the bank in which you have your Savings A/c.
All the best[thumbsup]
 
Thread Starter #6
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My experience with ICICI bank car loan was super smooth and quick. approval within a day.
Month end is the right time to negotiate with bank Exe's as they have their target to achieve. try the bank in which you have your Savings A/c.
All the best[thumbsup]
Sure. Thanks.
My Savings account is with HDFC.

Anyone has HDFC bank's Pre Approved Zip drive experience? It says its super fast processing.. but not sure how fast it is on the ground.
 
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I have taken the loan from SBI via dealer. They were quick and with less documentation. The pre closure of loan was also hassle free.

The only thing was that i need to take my car to the branch as they take carbon image of VIN in personal.
 
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Every bank is giving some kind of offers like less rate of interest or no file fees due to the festive season. Have you got your loan?
 
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