IndusInd Bank Car Loan Rate, Eligibility Calculator, Apply Online

IndusInd Bank Car Loan Offer Feb 2017

Last Updated 25th Feb 2017
Features and Eligibility IndusInd Bank New Car Loan Scheme IndusInd Bank Used Car Loan Scheme
Interest Rates 10.90% Fixed Check Special Offer Not Available
Maximum Loan Amount Eligibility 85.00% of ex-showroom price Not Available
Maximum Loan Tenure (years) 5 years Not Available
Lowest EMI per Rs. One Lakh Loan Amount (Rs.) Rs. 2,169 Rs. 0
Processing Fee 1.00% Min Rs. 2500 Max Rs.
Prepayment Charges 3% Not Available
Interest Calculation Monthly reducing balance Not Available
Age (years) Between 21 years and 65 years
Apply Car Loan Online @9.25%*
 Salaried   Self Employed - Professional   Self Employed - Business 





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Eligibility Condition for IndusInd Bank Car Loan

IndusInd Bank New Car Loan Scheme IndusInd Bank Used Car Loan Scheme
Minimum Net Annual Income (Rs. lakh)
--Salaried 1.5 0.0
--Self employed professionals 1.5 0.0
--Self employed businessmen 1.5 0.0
  • Car loan EMI calculation varies from bank to bank depending upon the method of calculation.
  • The standard convention should be to use the EMI in arrears method on reducing balance basis – whereby you pay interest on the car loan amount outstanding on a reducing basis at or after the end of the month.
  • Simply key in the loan amount, rate of interest and car loan tenure here and check the EMI amount using the car loan EMI calculator here. In case the EMI amount displayed is different from the one advised to you by the agent, you must check the calculation basis with your car loan agent.

  • New Car Loan Schemes of All Banks

  • Used Car Loan Schemes of All Banks

Frequently Asked Questions on IndusInd Bank Car Loan

How much interest is charged by IndusInd Bank on car loan?

IndusInd Bank offers an interest of 10.90% to 15.50% on car loan.

What is the lowest EMI per lakh on IndusInd Bank car loan?

If you apply for a car loan from IndusInd Bank, your lowest EMI per lakh will be Rs. 2,169.

What is the maximum tenure of IndusInd Bank car loan?

You can repay your car loan from IndusInd Bank in a flexible period of maximum 7 years.

How much car loan I can borrow from IndusInd Bank?

IndusInd Bank offers you 85.00% of of ex-showroom price of car as loan.

How much processing fee is charged by IndusInd Bank on car loan?

IndusInd Bank charge a processing fee of 1.00% with applicable service tax.

Is age an eligibility factor to get car loan from IndusInd Bank?

Yes, age is an important eligibility factor to get IndusInd Bank car loan as you should be at least 21 years old at loan approval time and 65 years old at loan maturity time.

Are there any prepayment charges on IndusInd Bank car loan?

You can take car loan from IndusInd Bank with 3% prepayment charges.

Can I add my spouse's income while applying for car loan from IndusInd Bank?

You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.
IndusInd Bank Car Loan Calculator News - Feb 2017
26th Aug 16 IndusInd has reduced its 1 year MCLR from 26th August, 2016
IndusInd Bank has reduced its 1 year Marginal Cost of Fund Based Lending Rate (MCLR) by 15 basis point (bps) to 9.75 percent from 9.9 percent. The change are effective from 26th August, 2016. The interest rates of home loans that have been disbursed after 1st April 2016 are linked to 1 year MCLR. For borrowers who have taken a home loan from IndusInd Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken the home loan at fixed interest rate then your interest expense will remain unchanged.
24th Aug 16 IndusInd Bank ties up with IBM for improved customer engagement services
IndusInd Bank has tied up with IBM to use its cloud commerce solutions to convert customer arrangements and boost its cross-sell platforms. In an agreement of three years, IBM will provide a cloud and predictive analytics based multi-channel campaign managing solution that enables IndusInd Bank to build up its online banking presence while improving the product holding per customer. Using customer behavior analysis and real-time contextual advertising, banks can make sure that customers relating with the bank on any channel will receive relevant and timely communications.
12th Jul 16 IndusInd Bank Q1 net up 26% at Rs 661.38 cr
IndusInd Bank posted 26 per cent rise in net profit for the quarter ended June 30. The bank posted net profit of Rs 661.38 crore for the quarter, compared with Rs 525.04 crore in the corresponding quarter of the previous financial year. The bank would continue its focus on the digital medium. It launched its Finger Print mobile banking during this quarter.
11th Jul 16 IndusInd Bank reports a 26 percent increase in its Net Profit
As per the results for Q1FY17, IndusInd Bank reported 26 percent increase in Net Profit to Rs 661 crore. This was supported by a strong increase in its Net Interest Income. The Net Interest Income increased by 28 percent and the advances showed a growth of 30 percent year on year in June quarter. Asset quality weakened mildly in Q1FY17 as Gross NPAs increased to 0.91 percent of total advances, up from 0.87 percent as on March 2016 and the Net NPA stood at 0.38 percent in June quarter compared to 0.36 percent as on March 2016.
24th May 16 IndusInd Bank and Reliance General Insurance Tie up for Distribution of Insurance Products
IndusInd Bank has recently signed a Corporate Agency Agreement with Reliance General Insurance, with the objective to distribute multiple options of general insurance products to its customers. With this partnership, Reliance General Insurance has extended its distribution channels and will distribute its insurance products across all the branches of IndusInd Bank. This is the first tie-up on Bancassurance post the recent multi bank partner guidelines issued by IRDAI.
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