IndusInd Bank

Owning a car has graduated from being a mere luxury to an absolute necessity.
Wish to buy a car?
To know more visit your nearest IndusInd branch!
Visit your nearest branch for more information and our Customer Service Executive will Error! Hyperlink reference not valid.

You can avail of a car loan from a minimum of Rs 1 lakh to maximum of Rs 6 lakh.

Depending on your repayment plans, you can choose from the options of 12, 18, 24, 30, 36, 42, 48 or 60 months (max.).

Eligibility:
Age (years) Minimum 21 years at the time of application and max. 60 years Or retirement age (whichever is earlier) at the time of maturity.
Employment period - Minimum 1 year of continuous employment
Gross Income - Minimum Gross Income of Rs 60,000 p.a. And Gross Income must be at least twice the monthly instalment (incl. Interest)

Documents Required from you

Latest salary slips/TDS Certificates with last year's IT Returns
Proof of permanent residence
Proof of age
2 passport size photographs
Irrevocable letter to employer by applicant to make monthly deduction from salary.

Eligibility:
Age (years) - 21-60 at the time of loan maturity
Employment period - At least 2 years in business
Gross Income - Rs 1,20,000 p.a. Minimum turnover Rs 4,00,000 p.a. Net worth of Rs 2,00,000 in latest financial year.

Note:
Gross income should be 3 times the total monthly instalments including interest. Payable for all loans

Documents Required from you

Copies of Income Tax returns and audited financial statements for the last 2 years
Post-dated cheques favouring the Bank.

Proof of residence - Election card, Ration card etc.
2 passport size photographs
Signature verification from the bankers
A Demand Promissory Note
Guarantors where required.
Processing Fee - You will be charged a nominal Processing Fee of 1 per cent on the sanctioned Loan Amount.
Note:
All loans at the sole discretion of the Bank & Interest Rates subject to change without prior notice.