Indiabulls Car Loan Key Features–Jan 21
| Interest Rate | 7.50%* per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 85% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 2,311 |
| Minimum Net Monthly Income | ₹ 15,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | 5% of the principal outstanding |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation |
About Indiabulls Car Loan
The Indiabulls Group is an Indian conglomerate headquartered in Gurgaon, India. Its chief businesses are housing finance, consumer finance, and wealth management. The Group also has a presence in real estate and pharmaceuticals.
Indiabulls provides Car Loans at attractive rates of interest to the consumer for buying their dream car whether new or second hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.
Advantages of Indiabulls Car Loan
Indiabulls Car Loan Eligibility
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
Indiabulls Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.50% p.a. to 11.30% p.a. | 14.80% p.a. to 16.80% p.a. |
| Processing fee | 0.40% of the principal amount | 1% of the loan amount or Rs.6,000, whichever is lower |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | 5% of the principal outstanding | 5% of the principal outstanding |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Rs.500 per instance | Rs.500 per instance |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | Rs.500 per instance | Rs.500 per instance |
| Registration Certification Collection Charge | Rs.200 per instance | Rs.200 per instance |
| Cheque Bounce/Instrument Return Charges | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate Statement Charges | Rs.500 per instance | Rs.500 per instance |
| Loan Cancellation/Re-booking Charges | Rs.2,500 per instance | Rs.2,500 per instance |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
Indiabulls Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof
(Any 1) |
Birth Certificate Passport Driving Licence PAN |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof (Any 1) |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
Indiabulls Car Loan EMI Calculator
The applicant has the option to know the EMI’s before availing a Car Loan. Thus, you can easily check through the link below:
Indiabulls Car Loan Types
Indiabulls offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It offers the following types of Car Loans:
- New Car Loan – Those who wish to buy a new car, this is the scheme for you. You can take Indiabulls Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
- Used Car Loan – If you wish to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
- Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.
Indiabulls Car Loan Pre Calculated EMI
How to Apply for Indiabulls Car Loan?
- Visit Dialabank and fill a form.
- Wait for a call from our Relationship Manager who will guide you throughout the process.
- You can compare different offers from banks and NBFCs and choose the one which suits your needs.
- Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.
Indiabulls Car Loan for Top Selling Cars
Other Available Products from Indiabulls
| Indiabulls Personal Loan | Indiabulls Gold Loan | Indiabulls Home Loan |
| Indiabulls Credit Card | Indiabulls Two Wheeler Loan | Indiabulls Education Loan |
FAQs for Indiabulls Car Loan
✅ What is the Indiabulls Car Loan?
Indiabulls car loan is the loan amount given to its clients by the company for a new or used automobile.
✅ How can I get a Car Loan from Indiabulls?
- Visit Dialabank and fill a form.
- Wait for a call from our Contact Manager who will guide you throughout the process.
- You can compare different offers from banks and other companies and choose the one which suits your needs.
- Thus, easily apply for a Car Loan through Dialabank and enjoy the best proposals.
✅ How does Indiabulls Car Loan work?
When you will apply for a car loan, then you will get a call from our representative and then, there will a document verification process. Then, the loan amount will be charged to your account.
✅ What is the Car Loan Interest Rate in Indiabulls?
The interest rate on a car loan in the Indiabulls is 7.50% only.
✅ How to Check Car Loan status in Indiabulls?
You can track your car loan status online on the Car loan status website.
✅ How to Calculate Car Loan Interest in Indiabulls?
✅ What is the maximum loan amount I can avail of on Car Loan from Indiabulls?
The maximum loan amount you can avail of on a car loan is up to 90% of On Road Price.
✅ What is the loan tenure of the Indiabulls Car Loan?
The loan tenure of the Indiabulls Car Loan is a culmination of 7 years.
✅ Can I get a 100% Car Loan from Indiabulls?
Yes, you can get a 100% Ex-showroom Price car loan from Indiabulls.
✅ How much Processing Fee is applicable to the Indiabulls Car Loan?
Indiabulls charges a processing fee of 0.40% of the principal amount
✅ What are the EMI options available on the Indiabulls Car Loan?
Indiabulls Provides two EMI options Step-up EMI and Balloon EMI.
✅ What are the charges for Prepayment in Indiabulls Car Loan?
You can prepay/foreclose your Indiabulls Car Loan with 5% as foreclosure charges.
✅ Can I get a top-up loan on my existing Indiabulls car loan?
You can get a top-up loan on your current car loan from Indiabulls for up to 150% of its value.
✅ Do I need to provide a guarantor to avail a car loan from the Indiabulls?
Generally, you don’t need a guarantor for a car loan. However, you may need a guarantor if you don’t fulfill the eligibility criteria.
✅ How to get the Indiabulls Car Loan Statement?
Get the statement in person by visiting your branch and requesting a detailed statement.
or
You can get the statement online. To do this, you should have Indiabulls internet funding activated.
✅ How to Pay Indiabulls Car Loan Interest Online?
Simply logon to online Indiabulls payment to ‘see and pay’ your bills. You also get an electronic acknowledgment for every bill paid by you using e-PAY. You can also pay through Paytm.
✅ What if I can’t pay the interest on Indiabulls Car Loan for 3 months?
Indiabulls imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for 3 months.
✅ How can I apply for EMI Moratorium on Indiabulls Car Loan?
You can apply for EMI Moratorium on Indiabulls Car Loans directly from the Indiabulls website’s Loan corner.
✅ What is the number for the Indiabulls Car Loan agent?
Call Dialabank at 9878981166 as it is one of the most trusted Indiabulls Car Loan agents. Dialabank even ensures the best offers on your Car Loan.
✅ Can I close the Indiabulls car loan online?
Indiabulls car loans can be closed by visiting the nearest branch and clearing off the outstanding amount.
✅ What is the Indiabulls Car Loan Customer Care Number?
Call 9878981166 and clear any of your queries with us anytime.
✅ How can I get NOC from the Indiabulls for a Car loan?
You can get NOC directly from the branch for Indiabulls Car Loans.
✅ What is the Indiabulls Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Indiabulls Car Loan account.
- Pay the pre-closure charges as per Indiabulls Car Loan.
✅ What are the Indiabulls Car Loan preclosure charges?
Indiabulls Car Loan preclosure charges are up to 6%+ GST.
✅ What is the Indiabulls Car Loan overdraft scheme?
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Indiabulls bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Indiabulls online banking portal and from there you can fill out a simple form and get an overdraft under your name.
✅ What is the Indiabulls Car Loan maximum tenure?
The Indiabulls Car Loan maximum tenure is 7 years.
✅ What is the Indiabulls Car Loan minimum tenure?
The Indiabulls Car Loan minimum tenure is 1 year.
Table of Contents
- 1 Indiabulls Car Loan Key Features–Jan 21
- 2 About Indiabulls Car Loan
- 3 Advantages of Indiabulls Car Loan
- 4 Indiabulls Car Loan Eligibility
- 5 Indiabulls Car Loan Interest Rate, Fees and Charges
- 6 Indiabulls Car Loan Documents Required
- 7 Indiabulls Car Loan EMI Calculator
- 8 Indiabulls Car Loan Types
- 9 Indiabulls Car Loan Pre Calculated EMI
- 10 How to Apply for Indiabulls Car Loan?
- 11 Indiabulls Car Loan for Top Selling Cars
- 12 Other Available Products from Indiabulls
- 13 FAQs for Indiabulls Car Loan
- 13.1 ✅ What is the Indiabulls Car Loan?
- 13.2 ✅ How can I get a Car Loan from Indiabulls?
- 13.3 ✅ How does Indiabulls Car Loan work?
- 13.4 ✅ What is the Car Loan Interest Rate in Indiabulls?
- 13.5 ✅ How to Check Car Loan status in Indiabulls?
- 13.6 ✅ How to Calculate Car Loan Interest in Indiabulls?
- 13.7 ✅ What is the maximum loan amount I can avail of on Car Loan from Indiabulls?
- 13.8 ✅ What is the loan tenure of the Indiabulls Car Loan?
- 13.9 ✅ Can I get a 100% Car Loan from Indiabulls?
- 13.10 ✅ How much Processing Fee is applicable to the Indiabulls Car Loan?
- 13.11 ✅ What are the EMI options available on the Indiabulls Car Loan?
- 13.12 ✅ What are the charges for Prepayment in Indiabulls Car Loan?
- 13.13 ✅ Can I get a top-up loan on my existing Indiabulls car loan?
- 13.14 ✅ Do I need to provide a guarantor to avail a car loan from the Indiabulls?
- 13.15 ✅ How to get the Indiabulls Car Loan Statement?
- 13.16 ✅ How to Pay Indiabulls Car Loan Interest Online?
- 13.17 ✅ What if I can’t pay the interest on Indiabulls Car Loan for 3 months?
- 13.18 ✅ How can I apply for EMI Moratorium on Indiabulls Car Loan?
- 13.19 ✅ What is the number for the Indiabulls Car Loan agent?
- 13.20 ✅ Can I close the Indiabulls car loan online?
- 13.21 ✅ What is the Indiabulls Car Loan Customer Care Number?
- 13.22 ✅ How can I get NOC from the Indiabulls for a Car loan?
- 13.23 ✅ What is the Indiabulls Car Loan closure procedure?
- 13.24 ✅ What are the Indiabulls Car Loan preclosure charges?
- 13.25 ✅ What is the Indiabulls Car Loan overdraft scheme?
- 13.26 ✅ What is the Indiabulls Car Loan maximum tenure?
- 13.27 ✅ What is the Indiabulls Car Loan minimum tenure?
