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Car Loan EMI Calculator

IndusInd Bank offers custom-fit car loans tailored for every individual. Calculate EMI for your dream car.

I wish to avail a loan amounting at interest rate for approximately months only.

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*Moratorium for 30 days applied. Results are indicative in nature

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*Moratorium for 30 days applied. Results are indicative in nature. Please get in touch with the branch for more details


Car Loan Benefits

At IndusInd Bank, we not only offer the best car loan but also help in researching and finding the perfect car for you!

Attractive interest rates

Competitive & convenient interest rates within your budget limit.

Repayment tenure

Choose the loan tenure from our wide, easy and flexible repayment tenure up-to 60 months.

Loan processing and documentation

Simple, quick and easy documentation with doorstep assistance.

Loan Offering

Get up-to 100%* finance on new car loans in a hassle-free manner with pocket friendly EMI options.


Car Loan Eligibility Criteria and Documentation

Eligibility
We make your dream come true with minimal new car loan eligibility criteria. Helping you commute in your own dream car!
  • Income: Minimum â‚ą2.5 Lakhs per annum
  • Age: 23 years to 60 years
  • Stability: Minimum 3 years’ employment stability and at least 1 year in the current employment
  • Residence stability – 2 years in the city and 1 in the current residence/ no stability required in case of own house
Document details
  • Income proof :
    • Latest - Form 16/ Income Tax Returns
    • Last 3 months' salary slips
    • Bank Statements – 3 months
Eligibility
We make your dream come true with minimal new car loan eligibility criteria. Helping you commute in your own dream car!
  • Income: Minimum â‚ą3 Lakhs per annum as per latest ITR
  • Age: 23 years to 65 years
  • Stability: Minimum 3 years’ business stability
  • Residence stability – 2 years in the city and 1 in the current residence/ no stability required in case of own house
Document details
  • Documents
    • Latest 2 years’ Income Tax Returns with IT computations
    • 3 months' Bank statements
    • Business Incorporation Certificate /Business Proof
Eligibility
We make your dream come true with minimal new car loan eligibility criteria. Helping you commute in your own dream car!
  • 3 years’ business stability
  • Age: 23 years to 65 years
  • Own residence Stability
Document details
  • No Income Proof:
    • 6 months' bank statements
    • Business incorporation certificate/business continuity proof for last 3 years
    • Owned house proof
  • No Income Proof (Agricultural)
    • Form J or 'Patta' copy of minimum 3 acres (land document)
    • 6 months' bank statements
    • Owned House pro
Eligibility criteria
We make your dream come true with minimal new car loan eligibility criteria. Helping you commute in your own dream car!
  • Minimum 3 years of Valid driving license with badge
  • Age: 25 years to 60 years
  • Mandatory Guarantor with at least 12 months of commercial experience with valid repayment track/ RC copy / license with badge
  • Own house / Own house Guarantor
  • Residence stability – 2 years in the city and 1 in the current residence / no stability required in case of own house
Document details
  • Proof of identity:
    • Driving license with badge
    • Own house proof

Car Loan Schedule of Charges

FAQ

  • What is the Car Loan Application Process?

    IndusInd Bank’s car loan application process is simple and hassle-free. To apply for a car loan at IndusInd bank’s website, you need to provide basic information such as:

    • Your Name
    • Mobile Number
    • PAN
    • Pincode

    Once you have submitted the above-mentioned details, an IndusInd Bank agent will contact you and explain the features and logistics of applying for a car loan.

    Alternatively, you can reach us via


  • How to get your Car Loan Approved Faster?

    Getting quick approval on your car loan will depend on your EMI installment. Use our EMI calculator to determine the EMI amount that you will have to pay. Additionally, check the eligibility criteria online before submitting your car loan application. These two things can help you plan your application well resulting in steady approval.

    You can also accelerate your car loan approval process by submitting the required documents and completing the Know Your Customer (KYC) formalities.

  • What is the tenure for which I can avail a New Car Loan?

    IndusInd Bank offers flexible tenure options ranging from 1-5 years. In some cases, it can be extended up to 7 years.

  • Can I get 100% funding to buy a new car?

    IndusInd Bank offers new car loans of up to 100%* of the car value. We also offer to finance for the insurance and registration of your vehicle. Both offers might vary depending on factors such as vehicle cost & credit parameters.

  • What’s the minimum credit score I need to get a New Car Loan?

    To avail of a new car loan at IndusInd Bank, your credit score would need to be above 600. With a high credit score, you can receive approval for a higher loan amount.

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*Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.