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  • IndusInd Car Loan EMI Calculator is Rated as "Great!" by 135 Users

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    IndusInd Car Loan EMI Calculator

    IndusInd Bank is one of India's top private operated banks that offers a wide portfolio of pocket-friendly car loans to its large customer base. Their customers can avail the best possible deals which are offered on car loans depending on the make and model of the car. The interest rates which are offered by IndusInd Bank vary depending on market rates which is why it's offered as a floating interest rate.

    How to use BankBazaar IndusInd Car Loan EMI Calculator to understand your car loan repayment

    You can use the EMI Calculator offered by BankBazaar to calculate the Equated Monthly Installments EMI which would have to be paid after taking a car loan from IndusInd Bank. This is a simple calculator to use and is easy to understand and comprehend making it a very user-friendly tool. The IndusInd Car Loan EMI Calculator also provides an amortization graph to make it easier for the user to visually analyze and understand their loan repayment procedure and timetable over the repayment tenure.

    Calculate your Car Loan EMI

    IndusInd Car Loan EMI Calculator – How does it work?

    The IndusInd Car Loan EMI Calculator will require a few personal details to help with calculating the EMIs which you will have to pay. The personal details which are required are as follows:

    • Loan amount: Using your cursor, you can select the loan amount that you are looking for on the IndusInd Car Loan EMI Calculator offered on the BankBazaar website
    • Processing fee: You will have to enter the processing fee which is charged by the bank
    • Interest rate: Enter the interest rate which is offered by IndusInd Bank on a car loan
    • Tenure: Select the tenure of the loan amount by dragging the pointer under the "Loan Tenure" tab
    • Pre-payment: There are two options under the "Pre-payment" tab:
      • If you do not intend on making any pre-payments towards your car loan, you can select "No" and then click the "Calculate" button which is available. Once this is done, you will be given a page which gives you the breakup of the total loan amount which you will have to repay. The webpage will also show your amortization table apart from your car loan details.
      • If you select "Yes", the following details will be required to give you a better idea of the repayment of your loan:
        • Pre-payment frequency
        • How the pre-payment applies
        • Pre-payment fee
        • Pre-payment amount

    After this, you can select the "Calculate" button which provides a detailed breakup of the total loan amount that is payable. Details of your loan amount along with the amortization table will be provided on this webpage.

    Let us now analyze the EMIs (for various tenures) on car loans using the BankBazaar IndusInd Car Loan EMI Calculator. The lowest interest rate currently offered by IndusInd bank is 10.65% and the maximum rate is 15.50% and processing fee is up to 1% of the total loan amount and is non-refundable. The example below assumes that no pre-payments are made towards the loan.

    Loan amount (Rs.) Processing fee Interest rate (Mean) EMI for 2 years  (Rs.) EMI for 3 years (Rs.) EMI for 4 years (Rs.) EMI for 5 years (Rs.) EMI for 6 years (Rs.) EMI for 7 years (Rs.)
    10 Lakh 1% 13.30% 47,683 33,839 26,977 22,907 20,233 18,355
    15 Lakh 1% 13.30% 71,524 50,758 40,465 34,360 30,349 27,533
    20 Lakh 1% 13.30% 95,366 67,677 53,953 45,814 40,466 36,711
    25 Lakh 1% 13.30% 1,19,207 84,597 67,442 57,267 50,582 45,889
    30 Lakh 1% 13.30% 1,43,049 1,01,516 80,930 68,721 60,698 55,066
    35 Lakh 1% 13.30% 1,66,890 1,18,435 94,418 80,174 70,815 64,244
    40 Lakh 1% 13.30% 1,90,731 1,35,355 1,07,907 91,628 80,931 73,422
    Apply for Car Loan Online

    IndusInd Car Loan EMI Calculator – Feature and Benefits

    The IndusInd Car Loan EMI Calculator is a very useful tool as it performs complicated calculations at the click of a button. Some of the key features of this tool include:

    • It is a very helpful tool which is very user-friendly and this displays the EMI and amortization details instantly
    • The customer support team of BankBazaar is trained and capable of solving any of your queries or problems that you might face while using the EMI Calculator
    • No charge is levied on a user for using the tool
    • The BankBazaar IndusInd Car Loan EMI Calculator displays the breakup of the amount payable and the amortization schedule in an attractive graphical format. Hence, it is very easy to understand as well
    • A user can use the tool a number of times until you arrive at the right combination of principle and tenure
    • The tool helps with calculating your EMI that you have to pay for a car loan even if you intend of making any pre-payments on your loan

    IndusInd Car Loan EMI Calculator - FAQs

    1. What is the amortization table provided when using the EMI Calculator available on the BankBazaar website?

      A car loan amortization table shows the user the payment schedule of your debt in a tabular format which is easy to read and understand. It displays the breakup of the principal amount, interest rate, the total paid amount, and the outstanding loan balance.

    2. What are the main features of the IndusInd Car Loan?

      The IndusInd Bank car loan is characterized by the following features:

      • Competitive interest rates with no hidden charges
      • The IndusInd Car Loan is easy to apply and avail
      • The car loan application is processed and the loan amount is disbursed in a very short time span
      • There are special benefits offered by the bank along with innovative loyalty schemes for its car loan customers
    3. Is it easier to calculate the EMI using the formula or an excel sheet, in comparison to the EMI Calculator tool?

      Calculating the EMI using the formula or an excel sheet would be error-prone and time-consuming. Moreover, it would be really complicated if we have to calculate the EMI when pre-payments are made towards the debt. To avoid such problems, it is recommended that we use the BankBazaar IndusInd Car Loan EMI Calculator for the same.

    4. What is the formula employed for calculating car loan EMI?

      EMI = [P x R x (1+R) ^N] / [(1+R) ^N – 1],

      Where, P is the principal amount, R is the interest rate on a monthly basis, and N is the number of instalments.

      This formula does not take into account the pre-payments that you make towards the loan.

    5. I know there is a pre-payment penalty levied by my lending bank, but do not know the exact amount I will have to pay for the same. How can I get accurate results from the tool then?

      It is a smart and safe move by the user if they ensure that they read the offer documents carefully. You can contact the bank’s customer care number of you can also visit the bank branch to request for the very same. You can then input these charges into the EMI Calculator like any pre-payments which have to be made after which you can view the amortization schedule almost instantly.

    Car Loan Reviews

    • IndusInd Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with IndusInd bank and the experience was good, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The rate of interest was nominal and the tenure period for this loan is 3 years.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Nov 16, 2018
    • IndusInd Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been using my car loan with Indusind bank a long back, i have took this loan from my native and there service was up to the mark and they have charged nominal rate of interest to me and through showroom only i got this car loan and there customer support team is good they are very co-operative with me and i have closed this loan .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • IndusInd Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with Indusind bank, the loan amount was for Rs 6.5 lacs with nominal interest rate. The process was smooth and i received my loan amount on time. Customer service was good and they responded on time. The tenure period for this loan is 3.5 years.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Oct 09, 2018
    • IndusInd Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a Used Car loan from the IndusInd bank for 3 lacs, interest rate was high. The whole application process was easy and hassle free. It has been a good experience with the Car loan from IndusInd bank.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Aug 23, 2018
    • IndusInd Bank Car Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan for a commercial vehicle from Indusind bank. The process is good and I received the loan on time. The rate of interest and processing charges is normal. The after loan services is also good. In all there has been no hassles.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Aug 17, 2018
    • IndusInd Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      Got my car loan from Indusind bank , where the rate of interest is nominal one . They took 5 days for approval and documentation. Where i use to pay monthly through ecs for 5 years . And there is no processing fees.Overall am satisfied with personal loan from hdfc.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 25, 2018
    • IndusInd Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I got car loan from Indusind bank , their rate of interest is nominal one based on the market price and am satisfied with it For documentation and approval their customer service took 10-15 days for whole thing. Making the payments through ecs and there is no charges for transaction. I have chosen tenure period of 30 months .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 17, 2018
    • IndusInd Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have four wheeler loan with the Indusind bank and the interest rate is around 9%. The processing charges were not really good. The loan amount got disbursed within four days of time. Everything is good one with the Indusind bank and there are no issues on it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • IndusInd Bank Car Loan
      "Easy to get loan from indusind"
      0.5 4.0/5 "Great!"
      I have bought a swift desire car by using the car loan from Indusind bank. They have offered me a car loan around 5 lakhs. For that they offered me interest of 8.5%. I used to make the EMI of 14000. Through Auto debit i used to make the payment. I have bought the loan for 2 years back. Overall, i'm satisfied with the car loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2018
    • IndusInd Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I took a car loan from the IndusInd Bank for 6 Lac, I got the loan amount with in 1 week. I applied at the branch. The whole application process was easy and hassle free. The interest rate is nominal when comparing to other banks in the market. So far it has been a very good experience with the bank and their services.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 14, 2018
    • IndusInd Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from IndusInd bank and my experience was good, the loan amount was based on my requirement and the rate of interest was comparatively low. Customer service was good with this bank and the tenure for this loan is 3 years. My payment is auto deducted through ECS.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 13, 2018
    • IndusInd Bank Car Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Indus ind bank has approved my car loan within 8 days of time and they disbursed the loan amount within the time period. The customer support service is good with the Indus ind bank . The rate of interest and the charges are average with the Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 22, 2018
    • IndusInd Bank Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Indusind Bank. The customer services are good and they are responsive. They completed the process on time and the best was they offered a lower rate of interest. I got a rate around 13% and the processing charges are normal.
      Was this review helpful? 0
      , shimoga
      Reviewed on Mar 08, 2018
    • IndusInd Bank Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a Car loan with IndusInd bank and my loan experience was very good. The loan amount was for Rs 10.5 lakhs with the rate of interest of 11% which is nominal when compared to all other banks. Customer service was good and they collected documents on time. My loan amount was based on the on-road price. The tenure of this loan is 5 years and they charge 2.5% on preclosure and part payment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 26, 2018
    • IndusInd Bank Car Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Indusind Bank and it was a smooth process. The customer services was good, my documentation was collected on time and the process was also convenient. The rate of interest and processing charges is also normal. Overall good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • IndusInd Bank Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Indusind bank. It was a good process to get the loan. The rate of interest looked decent at that moment so I went ahead for the loan. I had been paying my EMI correctly every month for the last four years so I did not have any issues in between.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 19, 2018
    • IndusInd Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The interest rate offer by Indusind car loan department was 14 % ,I feel it is little high compared to others. But the loan disbursement was on time and they offer me with 5.98 lakhs as a loan amount for my Hyundai Xcent car. It was a average service from Indusind car loan team.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 09, 2018
    • IndusInd Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The bank approach is excellent with the Indus ind bank. The explanation of the product is excellent from the Indus ind bank. The customer support and the response is good here and they have supported me a lot to avail a car loan from them. The rate of interest and the charges are average with the Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 07, 2018
    • IndusInd Bank Car Loan
      "Car loan from INDUSIND BANK"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from INDUSIND BANK . the approved loan amount was 5 lakhs . The rate of interest with the bank is 9 %. The total tenure was for 36 months with an EMI of 18000. The customer service and response during the application was good. The documentation part was really done well.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 01, 2018
    • IndusInd Bank Car Loan
      "Car loan with INDUSIND BANK LTD"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from INDUSIND BANK . the approved loan amount was 20 lakhs . The rate of interest with the bank is 9 %. The total tenure was for 36 months with an EMI of 50000. The customer service and response during the application was good. The documentation gone well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 01, 2018
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