AVAIL THE LOWEST RATE OF INTEREST ON CAR LOAN FROM INDUSIND BANK

car loan

About IndusInd Bank

IndusInd Bank Limited is a Mumbai based Indian new generation bank founded in 1994. The bank offers commercial, transactional and electronic banking products and services. It was incorporated in April 1994 by Dr. Manmohan Singh the then Union Finance Minister. The Bank is the first among the new-generation private banks in India. It has 441 branches, and 796 ATMs spread across 303 geographic locations of the country.

Why IndusInd Bank Car Loan?

There are many people who wish to buy a vehicle but do not have sufficient funds for it. So, there is a need for a car loan that can help you to acquire finance for the vehicle. The Central Bank of India Car Loan is a financing option that offers you the money required for buying the vehicle. The loan helps you to convert the dream of owning a vehicle into reality.

Features and Benefits of an IndusInd Bank Car Loan from Dialabank

  1. We offer extremely quick service
  2. Loans are approved within 24 hours after the documentation process
  3. The minimum loan amount is Rs 1 lakh, and maximum Loan amount depends upon the price of the car, varies with the car model, profile of the customer etc
  4. The maximum loan amount is up to 90-95%% of the ex-showroom price of the car
  5. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
  6. Repayment period ranges from 1 to 7 years
  7. Prepayment is allowed after 6 months from the disbursement of the loan

Now fulfill your dream of buying a car with IndusInd Car Loan. Submit the following documents to our branch or apply online at dialabank to check your eligibility.

Eligibility criteria

Salaried

  1. Age - Minimum 21 years at the time of application upto Maximum 60 years
  2. Income -Minimum Income must be Rs.2,50,000/- per annum.
  3. Work Experience -A minimum of 2 years of total experience, and must have completed 1 year of service with the current employer immediately prior to application.
  4. Residence stability- 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

  1. 2 passport size photos
  2. Identity proof: Driving License / Passport / Voter Id / Aadhar card / PAN card
  3. Residence Proof: Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
  4. Income Proof: Latest 3 months salary slip
  5. Latest 6 months banking statements

Self-Employed

  1. Age - Minimum 21 years at the time of application upto maximum 65 yrs
  2. Income -A minimum net profit of Rs.2,00,000/- per annum.
  3. Business Experience - 2 years of minimum business stability mitigated with proof.
  4. Residence stability - 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

  1. 2 passport size photos
  2. Identity proof: Driving License / Passport / Voter Id / Aadhar card / PAN card
  3. Residence Proof: Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
  4. Income Proof: Latest 2 years ITR with computation
  5. Latest 6 months banking statements
  6. Business Proof: CST Certificate / Labour act, Shop Establishment act / SSI Certificate, Rental deed / Utility deed in the name of the company

IndusInd Bank Car Loan Interest Rates

Interest Rate
New Car Less than 3 lacs 10.25%
3-6 lacs 9.50%
6-10 lacs 9.25%
10-20 lacs 9.00%
More than 20 lacs 8.70%
Used Car 14.00%

 

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Processing fees

Loan Amount less than 20 lacs

Rs.1750/-

Loan Amount more than or equal to 20 lacs

Rs.2250/-

All

Rs.300/-

Legal, Repossession & Incidental charges

At Actuals

Loan Reschedulement charges

Rs. 1000/-

 

How to Apply?

Apply online on www.dialabank.com

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. ICICI Bank Car Loan
  5. Axis Bank Car Loan
  6. State Bank of India Car Loan
  7. Canara Bank Car Loan
  8. Others

Used Car Loan EMI Calculator

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Call us on 600 11 600 (Single Number across 18 Cities)

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly