All the dope on car insuarance in Delhi.

Why do you need Insurance?

Most people think that they'll buy insurance when they need it. But the thing is, you cannot predict when an accident, a natural calamity, or something unfortunate might happen. The uncertainity of it all, is what forms the concept of Insurance.

That's where Insurance comes in.

You need insurance when things are going good. Because when they are not, it's already too late.

About Car Insurance in Delhi.

Delhi is home to some of the best auto insurance companies in India. All these companies hire insurance agents to conduct their business. Car Insurance in Delhi deals with the insurance covers for the loss or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liabilities There are certain general insurance companies who also offer online insurance service for the vehicle.

There are insurance agents for both private cars and two wheelers. Companies like

Reliance General Insurance Company Limited,

Bajaj Allianz,

and Kotak Mahndra Car Insurance are doing good business in Delhi.

Interest Rates in Delhi:

Just like any other loan, interest rate plays a major role in deciding the installment amount one needs to pay each month for the car loan. Public sector banks have a slightly lower interest rate than private banks. Interest rates also vary depending on the duration and type of car loan opted for by the client. Borrowers can opt for a fixed interest loan or a floating type interest loan depending on the macroeconomic situation at the time of filling the car loan. Fixed rate interest rates are ideal for users who opt to play safe and feel comfortable with a fixed EMI every month. On the hand if you think interest rates are likely to fall in the near future depending on the overall economic situation, opting for a floating interest rate is a good idea. Make sure your car loan is of a reducing balance type which reduces the principal amount of the loan after each EMI paid.

Some of the best banks in delhi who offers car loan 

HDFC Bank Car Loan HDFC Provides a Quick and Easy car loan with Easy Documents, EMI Options and Low Interest Rate.   Interest Rate 10.50% – 12.50%	SBI Car Loan Lowest interest rate, Low processing fee, processed through speedy delivery channels with total transparency. For Men : 10.45% For Women : 10.40%
ICICI Bank Car Loan Compare Interest Rates, EMI, Documents and Eligibility for ICICI Car loan. Apply online for car loan. 10.75% - 15.00% (Depending upon Years)	Axis Bank Car Loan Compare and Choose Interest Rates, Documents, EMI, and Features of Axis Bank Car Loan. 11.50%
Kotak Mahindra Car Loan flexible schemes to suit your needs, hassle-free documentation and quick processing. 11.50% - 13.50%	Bank of India Car Loan Get Details on Eligibility, EMI, Interest Rates, Documents, Eligibility of BOI Car Loans. 10.65%

In Details :

Banks/Rates	New Car Loan (Reducing)	Used Car Loan (Reducing)	Processing Fee
HDFC Bank	10.75% - 12.50%	15.25% - 17.75% (60 months), 15.25% - 17.75% (48 months), 15.25% - 17.75% (36 months), 15.75% - 18.25% (24 months), 15.75% - 18.25% (Upto 12 months) Corporate Rates 13.50% - 14.25%	Rs 2625/- to Rs. 4950/- For Corporates Rs.1500
Magma Fincorp	11.25% - 12.00% (upto & including 36 months) 10.75% - 11.25% (Above 36 months to 60 months)	N.A.	-
State Bank of India (SBI)	10.45% p.a. ( for MEN) 10.40% p.a. ( for WOMEN)	17.25% ( Upto 36 Months) 17.50% ( Above 36 months)	0.51% of loan amount, minimum Rs. 1020/- and maximum Rs. 10200/-
Bank Of Baroda	10.50%	N.A.	0.75% (Upto 15Lacs), Max Rs.10000 0.5% (Above 15 Lacs), Min Rs.10000, No Maximum Limit
Canara Bank	10.70%	N.A.	0.1% of loan Amount (Minimum Rs. 250 ,Maximum Rs.500)
Corporation Bank	10.75% (upto 50 lacs)  11.25%(above 50 lacs)	N.A.	1.00% of the loan amount sanctioned with a minimum of Rs. 1,000/-
Kotak Mahindra	11.50% - 13.50%	17% - 20%	Rs.3300/- to Rs.4750/-
Axis Bank	11.50%	16.50% - 18%	Rs.3500/- to Rs.5500/-
ICICI Bank	10.75% - 12.50% (From 36 - 60 months), 12.20% - 14.50% (From 24 - 35 months), 12.75% - 15% (Upto 23 months)	13.75% - 17%	Rs.2500/- to Rs.5000/-
Bank Of India	10.65%	11.45% (Upto 3yrs)	a) Loans upto Rs.25,000/- one time Rs.1,000/- b) Loans above Rs.25,000/- upto Rs.25 lacs - one time 1% of loan amount - Min.Rs.2,000/- & Max. Rs.10,000/-  c) Loans above Rs.25 lacs -one time Max.15,000/-
Federal Bank	11.30% - 12.30%	15.45%-15.95%	Upto 5 Lacs - 1500/-  Above 5 lacs - 2500/-