Whatever be the CAR… with Indus Fast Track car loans your dreams are not FAR.
Car loans made as simple as deciding the model.
Features & Benefits
Salaried Individual (SI):
Professional / Partner / Proprietor/Director:
Self-employed / Proprietor:
Partner in a Firm:
Director in a company:
Fees and Charges: Please refer fees schedule .
** Conditions apply
What are the loan tenure options?
The tenure of the loan could range from 1 to 4 years (however the tenor can be increased based on the customer’s relation ship at the discretion of the Bank) for new car and 1 to 3 years for Used Cars
What is the quantum of finance one can avail?
We fund upto 85% of the Ex-showroom price of the vehicle which varies depending on the model
What are the lending rates?
The lending rates vary on the basis of discounts, which are offered by manufacturers and dealers. IBL has a tie-up with most of the manufacturers and authorised dealers and our sales team will help you negotiate the best deal on your car loan.
How is the interest charged/calculated?
Interest is calculated on a monthly reducing balance basis.
How do I approach IndusInd Bank for a Car Loan?
You can approach us in any of the following ways
Who can be the co-applicants for the loan?
Any individual who has the ability to repay the loan as per the bank standards residing in the same city can be taken as co applicant. This requirement varies from case to case and our sales team would help you out.
What security/collateral do I have to provide?
No additional security/collateral has to be provided apart from the car against which the loan is granted, which should be hypothecated to IndusInd Bank.
How do I repay the loan?
The loan can be repaid through post dated cheques drawn on IndusInd Bank Ltd.
If I am not able to furnish my income documents is there a special scheme for persons like me?
Yes, IndusInd Bank has tailor made schemes for persons like you. We offer funding without the income proof also.
Can I avail of a loan on my existing car?
Yes, The car should be hypothecated to IndusInd Bank after the loan sanction process before disbursement. We fund used car upto 5 years from the date of manufacture.
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