IndusInd Bank Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

IndusInd Bank Car Loan Key Features

IndusInd Bank Car Loan Interest Rate 7.35%* 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 5 Years
Lowest EMI / Lac ₹ 2,157
Minimum Net Monthly Income ₹ 12,500
Minimum ITR for Self Employed ₹ 1,50,000
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% (minimum Rs.2500)
Foreclosure Charges At Least 3%
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About IndusInd Bank Car Loan

A new generation Indian Bank set up in Pune, IndusInd Bank us established in 1994 and was inaugurated by Former Union Finance Minister Dr Manmohan Singh.
Owned by Hinduja Group, IndusInd Bank was founded by S.P Hinduja and is currently under the CEO Sumant Kathpalia.

IndusInd Bank provides a group of financial products available for all satisfying the essential criteria.

IndusInd Bank Car Loan is now available at an appropriate rate of Interest.

Advantages of IndusInd Bank Car Loan

IndusInd Bank Car Loan

IndusInd Bank Car Loan Eligibility

Salaried Individual
  • Age – 23-60 years of age
  • Net Monthly Income – should be minimum ₹ 12,500
  • Employment Duration – 2 years minimum
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 27-65 years of age
  • Minimum ITR  – Rs. 1.5 Lakhs PA
  • Employment Duration – 3 Years minimum
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 1.5 Lakhs PA
  • Employment Duration – 3 Years minimum
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least six months
  • Average Quarterly Balance – Minimum Rs.1 lakh for the last two quarters
  • Maximum Loan Amount – 2 X Average Quarterly Balance of Last two quarters

IndusInd Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% p.a. 14.80% p.a. to 16.80% p.a.
Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Starts from Rs.400 Starts from Rs.400
Foreclosure Charges 3% 3%
Penal Interest 1% – 2% 1% – 2%
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Starts from Rs.400 Starts from Rs.400
Documentation Charge Starts from Rs.400 Starts from Rs.400
Issuance of Duplicate No Dues Certificate Charges Starts from Rs.400 Starts from Rs.400
Registration Certification Collection Charge Starts from Rs.150 Starts from Rs.150
Cheque Bounce/Instrument Return Charges Starts from Rs.400 Starts from Rs.400
Issuance of Duplicate Statement Charges Starts from Rs.400 Starts from Rs.400
Loan Cancellation/Re-booking Charges Starts from Rs.2500 Starts from Rs.2500
Issuance of Credit Report >Rs.100 >Rs.100

IndusInd Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Aadhaar Card
Passport
Driving Licence
PAN
Voter ID
Address Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
Voter ID
Date of Birth Proof

(Any 1)

Birth Certificate
Passport
Driving Licence
10th Marksheet
Signature Proof

(Any 1)

PAN
Passport
Bankers Verification
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of the last six months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Passport
PAN
Aadhaar Card
Voter ID
Address Proof (Any 1) Passport
PAN
Driving Licence
Aadhaar Card
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
PAN
Passport
Driving Licence
Signature Proof (Any 1) Bankers Verification
PAN
Passport
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of the last six 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
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Telephone Bill
Electricity Bill
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) Passport
PAN
Driving Licence
Aadhaar Card
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous two years
Bank Statement Bank statement of the last six 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 Latest AOA
Copy of Incorporation
Address Proof (Any 1) Registered Lease Document with other utility bills
Current Account Statement
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous two years
Bank Statement Bank statement of the last six months
Business Continuity Proof Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Current Account Statement
SSI or MSME Registration Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

IndusInd Bank Car Loan EMI Calculator

Interested applicant can evaluate their EMI directly by using the calculate:

Car Loan EMI Calculator

IndusInd Bank Car Loan Types

IndusInd provides various kinds of car loans considering the needs of the customer; some of them are:

  1. New Car Loan –  Applicants interested in buying new cars avail this loan with a repayment tenure of up to 5 years.
  2. Used Car Loan – Applicants with a wish to buy an old/used car avail this loan with basic interest rates and tenure of 5 years.
  3. Loan Against Car – Avail a loan against your pre-owned car and get quick funds for all your needs. Get a loan up to 50% of the worth of your vehicle.

IndusInd Bank Car Loan Pre Calculated EMI

How to Apply for IndusInd Bank Car Loan?

  1. Provide your details at Dialabank.
  2. Relationship Manager of Dialabank will assist you through the process.
  3. Select your loan after comparing various options available.
  4. Apply with Dialabank to avail the more exciting offer on your car loan.

IndusInd Bank Car Loan for Top Selling Cars

Other Available Products from IndusInd Bank

IndusInd Bank Personal Loan IndusInd Bank Gold Loan
IndusInd Bank Home Loan IndusInd Bank TWL

FAQs for IndusInd Bank Car Loan

✅ What is IndusInd Bank Car Loan?

IndusInd Bank Car Loan is the loan sanctioned to customers for buying any new or used cars by keeping the same as a gage.

✅ How can I get Car Loan from IndusInd Bank?

Use Dialabank for swift and reliable Car Loan process with IndusInd Bank, and you can also apply directly with the bank itself.

✅ How does IndusInd Bank Car Loan work?

IndusInd Bank Car Loan consists of an applicant looking for buying a car and the bank providing the fund for the same by charging a minimal interest rate.

✅ What is the Car Loan Interest Rate in IndusInd Bank?

7.35% is the regular interest rate charged by IndusInd Bank on car Loan.

✅ How to Check Car Loan status in IndusInd Bank?

Use IndusInd Bank’s Loan Status option from the website to know your car Loan Status.

✅ How to Calculate Car Loan Interest in IndusInd Bank?

Use Dialabank Calculator to calculate your interest and EMI on Car Loan of IndusInd Bank.

✅What is the maximum loan amount I can avail on Car Loan from IndusInd Bank?

You can avail Loan up to 100% of the ex-showroom price of the vehicle with IndusInd Bank.

✅What is the loan tenure of IndusInd Bank Car Loan?

IndusInd Bank Car Loan tenure ranges from 1 year to 5 years.

✅Can I get 100% Car Loan from IndusInd Bank?

Yes, You can get 100% of the ex-showroom price of the vehicle car loan from IndusInd Bank.

✅How much Processing Fee is applicable on IndusInd Car Loan?

Processing fee on IndusInd Car Loan is 0.40% of the principal amount and a minimum of Rs.2500.

✅What are the EMI options available on IndusInd Bank Car Loan?

Two EMI options available on IndusInd Bank car Loan are step-up EMI and Balloon EMI.

✅What are the charges for Prepayment in IndusInd Bank Car Loan?

A minimum of 3% on the outstanding amount is charged as Prepayment fee in IndusInd Bank on the foreclosure of your Car Loan.

✅Can I get a top-up loan on my existing IndusInd Bank Car Loan?

Top-up on existing IndusInd Bank Car Loan depends upon the profile of the borrower. Reach out nearest Branch to know more.

✅Do I need to provide a guarantor to avail a Car Loan from IndusInd Bank?

No, you don’t need to provide a guarantor to avail a Car Loan from IndusInd Bank.

✅How to get the IndusInd Bank Car Loan Statement?

Use IndusInd Bank’s website to get Car Loan statement online or got to nearby ATM or Branch to get the same.

✅How to Pay IndusInd Bank Car Loan Interest Online?

Pay IndusInd Bank Car Loan Interest Online using Net Banking anytime from your comfort zone.

✅What if I can’t pay the interest on IndusInd Bank Car Loan for three months?

IndusInd Bank has the authority to seize your vehicle and impose fine on you for not paying EMI for three months.

✅ How can I apply for EMI Moratorium on IndusInd Bank Car Loan?

Apply your Moratorium request with your bank at least two days before the EMI date of your IndusInd Bank Car Loan.

✅What is the number for IndusInd Bank Car Loan agent?

Dialabank is one of the widely known agents of IndusInd Bank Car Loan, call on 9878981166 to know more.

✅Can I close IndusInd Bank Car Loan online?

Initiate your Car Loan Closure process online with IndusInd Bank.

✅What is IndusInd Car Loan Customer Care Number?

Ring us at 9878981166 for any of your queries related to Loan.

✅How can I get NOC from IndusInd Bank for a car loan?

Complete all your outstanding payments related to Car Loan for getting your NOC from IndusInd Bank.

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