Used Car Loan EMI Calculator
IndusInd Bank offers personalised used car loans tailored to meet specific requirements. Calculate EMI for your dream car.
Used Car Loan Benefits
IndusInd Bank not only offers the best used car loan deals, but also unmatched end-to-end service from pre-owned car research to title transfer till deal closure.
Attractive interest rates
Save costs with our unmatched & competitive interest rate offers.
Repayment tenure
Choose the loan tenure from our wide, easy and flexible repayment tenure up-to 60 months.
Loan processing and documentation
Minimal paperwork with doorstep assistance and quick disbursement process.
Loan Offering
Get up-to 100%* finance on used car loans in a hassle-free manner with pocket friendly EMI options.
Used Car Loan Eligibility Criteria and Documentation
Eligibility
We make your dream come true with minimal used car loan eligibility criteria. Helping you commute in your own dream car!- Minimum Age: 23 years
- Maximum Age: Retirement age
- Minimum Income: 2.5 lakhs per annum
- Employment stability: Minimum 1 year in current employment
- Residence Stability:1 year in the current residence and at least 2 years in the same city. / no stability required in case of own house
Document details
-
Asset Documentation:
- RC copy with original verified seal
- Valuation report & Vehicle inspection report
- Copy of Insurance Policy
-
Income Proof:
- Form 17
- Last 3 months' salary slips
- Latest Income Tax Returns
- Bank Statements
-
No Income Proof:
- 6 months' bank statements
- Business incorporation certificate/business continuity proof for last 3 years
- Owned residence stability proof
Eligibility
We make your dream come true with minimal pre-owned car loan eligibility criteria. Helping you commute in your own dream car!- Minimum Age: 25 years
- Maximum Age: Retirement age
- Minimum Income: 2.5 lakhs per annum
- Employment stability: Minimum 1 year in current employment
Document details
-
Asset Documentation:
- RC copy with original verified seal
- Valuation report & Vehicle inspection report
- Copy of Insurance Policy
-
Income Proof:
- Latest Income Tax Returns
- Balance Sheet for the previous financial year
- 3 months' Bank statements
- Business Incorporation Certificate
Download Schedule of ChargesDisclaimer
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*Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.
Pre-owned Car Loan FAQs
What is the maximum amount of used (pre-owned) car loan that I can avail from IndusInd Bank?
IndusInd Bank offers used (pre-owned) car loans of up to 100%* of the car value. The final offering might vary depending on factors such as vehicle cost & credit parameters.
What are the options available for making EMI Payments?
You can make EMI payments by one of the following ways:
- E-Mandate lets you automate your EMI Payments. To know more, Click here.
- Pay your EMIs seamlessly using our online payments gateway – click pay. To Pay now, Click here.
- Download our mobile app “IndusMobile”, for EMI payments.
- Text “collect my emi” to the WhatsApp number: +91 22 4406 666 to get instructions on how to pay EMI online.
- Remit cash or drop a Cheque at any of our CFD Branches. Click here to know your nearest branch
What are the documents required for a used car loan?
To process your loan, we need documents that can verify your identity & income details. Please visit our used car loan page (link to be updated once USED CAR LOAN page is LIVE) to understand the detailed list of documents required.
Are there any tax benefits associated with car loan?
Self-Employed professionals & Business owners can avail tax benefits from a car loan if the car is being used for business purposes.
What are the different repayment tenure options available for used car loan?
The repayment tenure options available range from 1 – 4 years and can be extended up to 5 years depending on the sole discretion of the bank.