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  • IndusInd Car Loan EMI Calculator is Rated as "Great!" by 119 Users
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    rated 4.0/5.0 by 119 users

    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.

    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
      "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? 0
      , 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
    • IndusInd Bank Car Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I took my car loan with Indusind Bank before 3 years and it was closed. I have purchased Swift car, they offered me 6L. The loan process was immediate. The rate of interest and charges are normal like other banks. It was easy to foreclosing my car loan. The documents are collected by the executive at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 27, 2018
    • IndusInd Bank Car Loan
      "Recommedable car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from INDUSIND BANK. The approved loan amount was 3 lakhs 20 thousand. The monthly EMI is 13500 for 3 years. The documentation process done well. i have already started paying my EMI. The interest rate is 11.5% with no processing fee.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 19, 2017
    • IndusInd Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It been 3 months gone and 3 emis i have paid the the car i took from the INDUSIND Bank .i was given a Full approval on the amount i asked for from the bnak .the money got Disbursed in 1 days time that was one thing i liked . the Customer service was really good from the bank side . the Rate of interest was low as compared to other banks and the Processing fee was there but minimal as compared to other banks . the Customer service is really good i received form the bank side . the bank did not provide me Pre closure option actually they did not tell about that to me .
      Was this review helpful? 1
      , una
      Reviewed on Dec 01, 2017
    • IndusInd Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My car loan was taken with INDUSIND bank which was taken 2.5 years back. The loan amount was 3 lakhs and the interest rate was just 7% which was very low than other banks in the market . I am satisfied with the customer service and responsiveness also. The pre closure is after 3 months . I had a very smooth loan process so my experience was satisfactory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Car Loan
      "Whole Loan got approved within 2 days"
      0.5 5.0/5 "Blown Away!"
      Getting a Car has been one of my life's important to do thing, and this was made possible by the help of Indusind Bank. I got Rs.5 Lakhs from them as a Car Loan and the process involved with it is absolutely great. The whole procedure right from application submission to document collection to Loan approval was done within 2 days. The money got disbursed pretty easily too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 06, 2017
    • IndusInd Bank Car Loan
      "Poor response by customer care"
      0.5 2.5/5 "Just OK"
      I want to settle my loan when I dial customer care no for my full and final payment detail but they don't gave me details every time they gave me reference no and told me that they arrange call back but no body call me I am very disappointed.plz help
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 02, 2017
    • IndusInd Bank Car Loan
      "Approachable bank"
      0.5 5.0/5 "Blown Away!"
      From INDUSIND BANK i have taken a car loan. I started paying my EMI. The total amount approved from the bank is 3 lakh 30 thousand. I paid 70000 as down payment. With in 1 day the amount got approved. That was really very fast and quick response.
      Was this review helpful? 0
      , thrissur
      Reviewed on Sep 22, 2017
    • IndusInd Bank Car Loan
      "Its Good"
      0.5 4.5/5 "Excellent!"
      Good experience with Indusind for the car loan, I purchased Swift dezire my loan amount was Rs. 5.5 lakhs but car value around 8.2 lakhs. I paid the down payment nearly 2.4 lakhs to the showroom dealer. Within a day Indusind have sanctioned the car loan. Rate of interest was also good.
      Was this review helpful? 0
      , khammam
      Reviewed on Sep 21, 2017
    • IndusInd Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was a great experience i had with INDUSLAND BANK while my car loan process . I took a loan of 6 lakhs and i got a rate of interest of 9.23% and the monthly EMI amount was rupees 7,610 . I got a loan period of 4 years and the most amazing part was i got a super offer by the bank that they didn't charge me the processing fee at all . The INDUSIND BANK a reliable and a real good customer friendly bank .
      Was this review helpful? 0
      , surat
      Reviewed on Sep 19, 2017
    • IndusInd Bank Car Loan
      "Excellent services & process"
      0.5 5.0/5 "Blown Away!"
      I visited Indusind Bank personally and applied for a car loan. On the first day I got to understand all the details about the loan. On the second day the executive came over to my place and collected my papers and verified the same with the bank manager. The process was done in three days in all and I got the loan. It was easy and quick and the interest rate and charges is normal. I did not go to the level of communicating about the repayment.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 24, 2017
    • IndusInd Bank Car Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      Overall time period for the car loan process is five days with Indusind bank. The bank approved my loan in short span of time and they sanctioned it promptly. I am very much happy with Indusind bank in terms of my car loan process because everything went good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 24, 2017
    • IndusInd Bank Car Loan
      "Recommendable product"
      0.5 4.0/5 "Great!"
      I have purchased reused car, Indusind gave me good benefits, I have taken the loan amount of Rs.4 lakhs for tenure of 47 months, EMI is Rs.11,400 . They gave me reasonable interest rate and with low processing fee. I am very much happy about their service.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 08, 2017
    • IndusInd Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Indus ind bank had disbursed my car loan within a span of 2 to 3 days of time. The customer service and the response provided by Indus Ind bank is really good. The rate of interest is nominal with Indus ind. The requested loan amount has been approved and I am very much happy with the loan amount too.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jul 30, 2017
    • IndusInd Bank Car Loan
      "very good service"
      0.5 5.0/5 "Blown Away!"
      The Car loan got disbursed from Indus ind within 2 days of time. The rate of interest was low because I got a offer based on the company which I work. The customer service and the response was good with Indus ind bank. I am happy about the loan amount and satisfied with the service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2017
    • IndusInd Bank Car Loan
      "Better service "
      0.5 5.0/5 "Blown Away!"
      The process went smooth with INDUSIND bank car loan. They just took a week time to disburse my loan. The customer service and the response with Indusind is good. The documentation was submitted in 2 days of time. The rate of interest was high with Indusind. I am happy with the loan amount, they can still increase the loan amount in future.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 07, 2017
    • IndusInd Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the car loan with the Indusind bank and the services were good and it went in the smooth manner. The loan amount got disbursed within a week of time. They have provided around 100% of quotation of mine as loan. Charges are nominal one with them.
      Was this review helpful? 1
      , hosur
      Reviewed on Jun 01, 2017
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