IDBI Bank Car Loan

Give us a call on +91-98789-81166

IDBI Bank Car Loan Details
Interest Rates 10.10%
Repayment Up to 7 Years
Min. Income 15000 per month
Part-Payment Charges 1% before 6 months
Processing Fee Nil to 1000/-


Why IDBI Bank Car Loan

  1. Maximum Fund Provider- IDBI provides funding to the optimal level.
  2. Reduced EMI- IDBI offers variety of repayment options to the people
  3. Variety of loans on different Cars- Wide variety of loans on all type of cars.
  4. Tie-ups with Dealers and Manufacturers: We have the tie-ups with dealers and Manufactures of vehicles.

Buying your favorite car in not really a big deal unless if you have enough cash in hand. But if you cannot afford the full cash to buy a car then you need to opt for an IDBI Bank Car Loan. Loans are money that a financial institution lends to you when you want to buy a product or to avail a service. It is a flexible and easy way to bring home a vehicle. It is offered at low interest rates with easy repayment schemes.

Eligibility Criteria for IDBI Car Loans: IDBI Bank provides different schemes for different customers. Check the eligibility to get a car loan from IDBI:


Eligibility Criteria
For Salaried For Self-Employed Professionals
Minimum Work Experience in current company: 1 year Minimum 2 years of the professional work experience.
Other requirements are Income proof, Salary Slip, Form 16/ ITR, Bank statements showing salary credit. Other requirements are Income proof: ITR for Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statements, etc.
Applicant’s minimum age should be: 18 years
Maximum age of an applicant’s must be 70 years.
Least Annual Income must be Rs. 1,80,000/-


List of document required for IDBI Car Loan

Documents Required
Identity Proof-
Passport, PAN Card, Election Id card, Driving License, Photo Credit Card, Employers ID Card
Address Proof-
Election Id card, Telephone Bill / Electricity Bill, Title deed of property / Rental Agreement, Employer’s letter, Sales Tax RC / ITR / Form 18
Photographs- 2 Colored passport size photographs Income Proof- Latest 3 months salary slips.; Form 16/ ITR for last 2 years
Quotations- Car Price Quotations from the Showroom Bank Statement- Bank Statement of last 6 months, Balance Sheet and ITR for last 2 years


Leading Car Loan Providers

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. Indusind Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. ICICI Bank Car Loan
  8. AXIS bank Car Loan



car loan

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