If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 1 IDBI Bank Car Loan

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    9.10% Fixed
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    7 Years
    Response Time Within 30 minutes
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    IDBI Bank Car Loan is Rated as "Excellent!" by 22 Users

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    Car Loan BYTES FROM OUR KITCHEN

    IDBI Bank Limited is an Indian financial service company headquartered in Mumbai, India. IDBI Bank is on a par with nationalized banks and the SBI Group as far as government ownership is concerned. It is one among the 26 commercial banks owned by the Government of India. Their experience of financial markets will help them to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country’s growth process. Getting to drive your dream vehicle can make life seem so much better. IDBI Bank offers Express Auto Loans for your dream vehicle. Their Auto loans are easy and quick to avail and we make sure you take on the roads faster with our quick processing of the loan. Just rush to book your dream car.


    You’re probably eligible for an IDBI Car Loan if you are

    01
    02
    03
    04
    IDBI Car Loan Minimum Age

    At least 18 years old

    IDBI Car Loan Maximum Age

    Less than 70 years old

    IDBI Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    IDBI Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your IDBI Car Loan amount eligibility is based on these factors

    01
    02
    03
    IDBI Car Loan Minimum Salary

    Minimum income required
    Rs.1,80,000 per annum

    IDBI Car Loan Maximum Loan to Value

    Loan capped @
    85% of the ex-showroom price

    IDBI Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible IDBI Car Loan amount by these steps

    01
    02
    IDBI Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    IDBI Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for an IDBI Car Loan

    • 1. Signed application form with photograph
    • 2. Photo ID and age proof
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    IDBI Car Loan Interest RatesUpdated on 26 Jul 2017

    IDBI Car Loan Details
    Interest Rate 9.10%
    Loan Tenure 1 year to 7 years
    Processing Fee Nil
    Pre-closure Charges Within 6 months 1% of the balance outstanding, after 6 months - Nil

    IDBI Bank Overview

    IDBI Bank is one of India’s largest commercial banks offering innovative and core banking services for over 40 years now. Headquartered in Mumbai, the bank plays a key role in the development of the communities with an efficient workforce and state of the art banking technology. IDBI has a strong commitment towards being the natural choice for Indian customers, providing customised banking solutions in a structured and robust manner. IDBI offers a wide array of services including retail, corporate, SME and agricultural banking. Besides these key areas, IDBI has also made its presence felt in the Investment banking, capital market and mutual fund businesses. IDBI makes it very easy for a customer to finance and own a car of his choice with IDBI Express Auto Loans. As the moniker suggests, IDBI car loans can be availed easily and quickly with fast processing done by IDBI bank officials.

    Why choose an IDBI car loan?

    IDBI has one of the fastest car loan processes, when compared to its competitors and that is the top reason for a car owner to get his new vehicle financed by IDBI. Added to that, IDBI aims at providing the maximum funding eligible for a customer while sanctioning a car loan. IDBI car loans cover all types of cars and come with flexible repayment options and attractive interest rates. To ensure that customers get the best package deals for their cars, IDBI has established tie-ups with top car dealers across India.

    Perfect Car Loan Deals for you

    Features of an IDBI car loan

    IDBI car loans are offered to customers with various benefits and the loan documentation process is completely hassle free for the convenience of IDBI customers.

    • IDBI car loans are available with flexible loan tenures up to 7 years.
    • Customers can pay their monthly EMIs for their IDBI car loans easily using standing instructions or ECS debits. The monthly EMIs for a car loan is calculated on a daily reducing basis.
    • IDBI charges low processing fees on car loans with waivers applicable during festive seasons.
    • Pre-payment or part foreclosure of an IDBI car loan is allowed after a period of six months of the loan disbursement. The pre closure should be done from own sources and will be completed without any penalty. If the car loan is closed before the required tenure of six months or a balance transfer is availed, then a fee of 1% of the outstanding balance plus other applicable charges would be levied by IDBI bank.
    • IDBI bank also imposes a penalty of 3.00% per month for late payment or irregular EMI payments on customers.
    • Additionally, loan documentation charges are also levied while processing an IDBI car loan.

    IDBI Car Loan Interest Rates

    IDBI Bank is a prominent bank in India that extends a number of banking and financial services for various requirements. Are you interested in purchasing a car in your own name? You can make your dream come true by taking a reliable car loan from IDBI Bank.

    The bank offers Express Auto Loans that will enable you to purchase any car that you want. The application process for these loans is very simple and quick. You can buy an automobile or a motorcycle (that costs from at least Rs.1.20 lakh) with a loan from IDBI.

    Interest rates for Car Loans offered by IDBI

    The interest rates for IDBI auto loans are fixed after much research. They are economically priced in order to cater to the needs of every person.

    Primary Car Loans

    Four-wheeler (for new vehicles)

    Existing customers with a banking relationship of at least 3 months 9.00%
    New customers 9.10%

    Two-wheeler loans (for high-end two-wheelers)

    Existing customers with a banking relationship of at least 3 months 9.50%
    New customers 9.60%

    Combo auto loan for different loan amounts

    A combo auto loan is offered by IDBI Bank only if the loan tenure sanctioned by the bank is higher than 3 years.

    Four-wheeler loan (for new vehicles)

    Existing customers with a banking relationship of at least 3 months 8.95%
    New customers 9.05%

    Two-wheeler loans (for high-end two-wheelers)

    Existing customers with a banking relationship of at least 3 months 9.45%
    New customers 9.55%

    The rate of interest will remain constant for the entire loan tenure.

    You can repay your car loans with low equated monthly installments (EMIs). Whether you want to buy a small car, an SUV, or a high-end motorbike, you can apply for a loan from IDBI Bank to own a vehicle. The bank has partnered with vehicle manufacturers and auto and bike dealers to make certain that you have a smooth vehicle purchasing experience.

    IDBI Bank offers car loans for both salaried and self-employed professionals at affordable interest rates.

    Salaried professionals

    The minimum age required for a salaried applicant is 18 years with the maximum age of the borrower being 70 years or the retirement age around the time of the maturity of the loan. Salaried individuals need to have a minimum annual income of Rs. 1, 80,000/- to qualify for an IDBI car loan.

    Self-employed businessmen

    Businessmen need to be aged between 18 to 70 years with the latter mandatorily required at the time of loan maturity. They should have been in business for at least two years and are required to show a minimum annual income of 1, 80,000/-.

    The following documents mentioned under every category have to be submitted by applicants while applying for an IDBI car loan.

    Age Proofs
    1. Valid Passport copy of the applicant
    2. Driving License of the applicant
    3. Voter’s ID Card
    4. Birth Certificate
    5. Copy of LIC policies
    6. PAN Card
    7. School Leaving Certificate
    Address Proofs
    1. Valid Passport copy of the applicant
    2. Driving license
    3. Voter’s ID Card
    4. Telephone Bill / Electricity Bill
    5. Title deed of property
    6. Rental Agreement
    7. Current Employer’s letter
    8. Sales Tax RC
    9. Income Tax Returns / Form 18
    Identity Proofs
    1. Valid Passport copy of the applicant
    2. PAN Card
    3. Voter’s ID Card
    4. Driving License
    5. Credit Card with photo
    6. Employer’s ID Card
    Income Proofs

    Salaried employees have to submit the mentioned documents as Income proofs to IDBI for the processing of a car loan - last two months’ pay slips, Form 16 and Income Tax returns for the last two years, Bank account statement showing salary credits for the last four months from the current employer.

    Businessmen have to furnish the following documents to avail an IDBI car loan - Income computation statement or certified financial documents for the last two years, balance sheets and Income Tax returns for the last two years, bank account statements for the past six months and P&L account statements.

    ‘Finance Tools’ on the main menu of the Bankbazaar home page contains EMI calculators, which can help a customer calculate the EMI that he will be paying while availing an IDBI car loan. Our Car Loan EMI calculator is designed to efficiently calculate Car Loan EMI payment details in a matter of seconds. Customers have to follow the below given process to instantly calculate their IDBI car loan EMIs.

    1. Selecting the ‘Finance Tools’ drop down menu takes a customer to the EMI calculator option. Clicking on this link will take him to the car loan EMI calculator option specifically leading to the calculator page.
    2. Individual ruler scales are available on the calculator page donating the ranges of the ‘loan amount’ and ‘tenure’ that can be selected by applicants.
    3. Applicants need to enter a few details to calculate the EMI to be paid for an IDBI car loan. The first value that needs to be entered is the required loan amount and the tenure of the IDBI car loan that the customer is intending to take. The pre-populated values can be changed to suit the customer’s details.
    4. The interest rate charged by IDBI for auto loans has to be entered along with the processing fee charged for IDBI car loans by the applicant. The default value is already populated in the field and can be changed as required.
    5. Clicking on ‘calculate’ will give an applicant details of his IDBI car loan EMI payments along with the breakup of the total interest that has to be paid.

    In case any issues or problems surface while navigating through this page, customers can get in touch with our customer care team at 91 44 6651800 and get the issue sorted.

    1. Is the IDBI car loan application form available online?

      Customers can use the IDBI loan application form available on the IDBI website to apply for IDBI auto loans.

    2. Is the IDBI car loan statement available online?

      Yes, customers can get their IDBI auto loan statements through the IDBI online banking portal.

    3. What are the IDBI car loan prepayment charges that are levied on a customer?

      IDBI charges a pre penalty fee of 1% for car loans pre closed within six months from the date of disbursement of the loan. Prepayment should be made from own sources only. For loan closures above the six month time period, no prepayment penalties are levied.

    4. How does a customer contact a customer care executive for more details on IDBI Car Loans?

      Customers can take the help of our friendly customer care executives available at 91 44 6651800 for any queries regarding IDBI car loans.

    5. What type of cars does IDBI Bank provide Auto Loan for?

      IDBI Bank provides Auto Loan for a wide range of cars which includes SUVs.

    6. What is the minimum age requirement for applicants to apply for a car loan from IDBI Bank?

      The minimum age requirement is 18 years for applicants to apply for a car loan from IDBI Bank.

    7. What should be the maximum age of a borrower at the time of maturity, if they have taken a car loan from IDBI Bank?

      The maximum age of a borrower at the time of maturity should be 70 years, if they have taken a car loan from IDBI Bank.

    8. I am a self – employed individual. How old should my business be for me to avail a car loan from IDBI Bank?

      If you are a self – employed individual, your business should be at least 2 years old for you to avail a car loan from IDBI Bank.

    9. What is the rate of interest on car loans offered by IDBI Bank?

      The rate of interest on car loans offered by IDBI Bank is Base Rate plus 0.35 percent.

    10. How does IDBI Bank calculate the rate of interest on car loans?

      IDBI Bank calculates the rate of interest on car loans on the basis of the reducing balance.

    11. Will my CIBIL score have an impact on the car loan that I apply for with IDBI Bank?

      Yes, your CIBIL score will have an impact on the car loan that I apply for with IDBI Bank. If you have a high CIBIL score, it will be easy for you to avail the car loan as banks generally trust people with a high score and prefer lending money to them.

    12. What should be the minimum annual income of an IDBI Bank car loan applicant?

      The minimum annual income of an IDBI Bank car loan applicant should be Rs.1, 80, 000.

    13. What documents do I have to submit as income proof when I apply for a car loan from IDBI Bank?

      You have to submit the following documents as income proof when you apply for a car loan from IDBI Bank –

      For Salaried Employees

      • Salary slips for recent 2 months
      • Income Tax Returns or Form 16 for the last two years
      • Bank Statement (which reflects your salary credits for 4 months)

      For Self – Employed Individuals

      • Balance Sheet
      • Profile and Loss Account
      • Bank Statement
      • Computation of Income for last 2 years

      As part of Bank Statement you have to submit the following –

      • Balance Sheet
      • Income statement
      • Income Tax Returns for last 2 years
      • Bank Statement for 6 months
    14. What documents do I have to submit as address proof when I apply for a car loan from IDBI Bank?

      You have to submit the following documents as address proof when you apply for a car loan from IDBI Bank –

      • Driving License
      • Passport
      • Voters ID card
      • Rental Agreement or Title Deed of Property
      • Electricity Bill or Telephone Bill
      • Letter from Employer
      • Sales Tax ITR or RC or Form 18
    15. What documents do I have to submit as age proof when I apply for a car loan from IDBI Bank?

      You have to submit the following documents as age proof when you apply for a car loan from IDBI Bank –

      • Passport
      • School Leaving Certificate
      • Driving License
      • Voters ID Card
      • LIC Policy
      • Birth Certificate
      • PAN Card
    16. What documents do I have to submit as identity proof when I apply for a car loan from IDBI Bank?

      You have to submit the following documents as identity proof when you apply for a car loan from IDBI Bank –

      • PAN Card
      • Passport
      • Voters ID Card
      • Credit Card with Photo
      • Driving License
      • Employer’s ID Card
    17. What is the maximum tenure for which I can take a car loan from IDBI Bank?

      The maximum tenure for which you can take a car loan from IDBI Bank is 7 years.

    18. Can I apply for a car loan from IDBI Bank online?

      Yes, you can apply for a car loan from IDBI Bank online.

    19. Does IDBI Bank allow their car loan applicants to track the status of their loan applications online?

      Yes, IDBI Bank allows their car loan applicants to track the status of their loan applications online. To track the status, they have to open the website of IDBI Bank and locate ‘Loan Application Tracking’ on the homepage.

    20. Where can I find the application form for IDBI Bank car loan?

      You can find the application form for IDBI Bank car loan on the website of the bank or you can collect it from any branch of the bank. On the website, you can either choose to submit an online application or download the form for ‘Auto Loan’. You can find the form in the ‘Apply Now’ section of the website.

    21. How do I apply for a car loan from IDBI Bank?

      You can apply for a car loan from IDBI Bank online by visiting the website of the bank and clicking on ‘Auto Loan’ in the ‘Apply Now’ section. You can also apply for it by contacting on the Phone Banking numbers of IDBI Bank or by visiting any branch of the bank.

    22. Does IDBI Bank charge a fee for the documentation and processing of car loans?

      Yes, IDBI Bank charges a fee for the documentation and processing of car loans.

    23. What is the processing fee for auto loans offered by IDBI Bank?

      The processing fee for auto loans offered by IDBI Bank is zero for normal loans, Rs.1000 plus tax for Speed Auto Loan and Auto Loan for Nano. The bank does not charge a processing fee for Auto Loan for Aria and Safari or Storme.

    24. Does IDBI Bank allow people to foreclose their car loan?

      Yes, IDBI Bank allows people to foreclose their car loan after 6 months (from the date of loan disbursement).

    25. Will IDBI Bank charge a penalty if I foreclose my car loan within 6 months?

      If you foreclose your car loan within 6 months from the date of loan disbursement, then IDBI Bank will charge a penalty of 1 percent of the pending balance plus other applicable charges.

    26. Will IDBI Bank charge a penalty if I foreclose my car loan after 6 months?

      If you foreclose your car loan 6 months after the loan was disbursed, then IDBI Bank will not charge any penalty for it.

    27. How can I calculate the EMI for car loans offered by IDBI Bank?

      To calculate the EMI for car loans offered by IDBI Bank, you can use the EMI calculator on the website of the bank. You can find the EMI calculator on the homepage and also in the Auto Loan section of the website.

    28. How do I repay the car loan to IDBI Bank?

      You can repay the car loan to IDBI Bank in Equated Monthly Installments (EMI), which includes both the principal amount and the rate of interest. You can either give standing instructions to the bank to deduct the EMI from your bank account or you can repay via the ECS facility. Through the ECS facility you allow IDBI Bank to debit your car loan EMI automatically from a bank account that you hold with another bank.

    29. Does IDBI Bank charge a late payment fee, if their car loan borrowers forget to pay their EMI on time?

      Yes, IDBI Bank charges a late payment fee, if their car loan borrowers forget to pay their EMI on time.

    30. What is the penal interest charge for borrowers of IDBI Bank car loan?

      For the borrowers of IDBI Bank car loan, the penal interest charge is 2 percent per month of the amount that is overdue and the time period for which it has been overdue.

    31. What is the verification process for IDBI Bank car loan?

      The verification process for IDBI Bank car loan is similar to the one followed by most Indian banks. First the bank will review your application and see if you are eligible for the car loan or not. Then they will check all the documents you have provided and if everything is correct, then your loan will be approved.

    32. How long does it take for IDBI Bank to approve and process car loan applications?

      IDBI Bank takes very little time to approval and process car loan applications. If you pass the verification round, the bank will approve the loan and the amount will be disbursed quickly.

    33. Can I check in advance if I am eligible to apply for a car loan from IDBI Bank?

      Yes, you can check in advance if you are eligible to apply for a car loan from IDBI Bank by using the ‘Eligibility Calculator’. You can find this calculator on the website of the bank.

    34. Who do I contact to get details about car loans offered by IDBI Bank?

      You can contact the customer care department of IDBI Bank to get details about their car loan schemes. To get in touch with the customer care, you can call up on the toll free number of the bank. You can also visit any branch of the bank to get the details.

    News About IDBI Car Loan

    • IDBI Bank Implements Digital Loan Processing System

      IDBI Bank, a public sector bank in India, has brought in a new and unique digital loan processing system to help with its products such as personal loans, education loans and car loans. This digital system also processes loan against property and home loans. It is expected that this system would ensure that the turn-around time of processing these loans, is greatly reduced. This would in turn enhance the convenience of customers since they can avail a loan faster. The Bank hopes to enhance the standardization of procedures involved in sanction and disbursements of loans.

      10th August 2015

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  • IDBI Bank Car Loan Reviews

    • IDBI Car Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      I had taken car loan from IDBI bank. I am very much comfortable with the bank during the loan process. And everything was so convenient for me to take the loan from them. There is no interest for the loan which I took and I only paid the processing fee because I have the account which is tied up with LIC. The customer service is good.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jul 01, 2017
    • IDBI Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      IDBI bank process was very good and smooth, because it gave the better interest rate with my car loan applications. Got IDBI car loan with the help of idbi kissan credit card. The rate of interest, fee and charges are very low with IDBI, when compared with OBC. They provided the best service for my car loan.
      Was this review helpful? 0
      , bhopal
      Reviewed on Apr 05, 2017
    • IDBI Car Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      My car loan was taken from IDBI Bank. It is an good experience but I am happy that the process was smooth.Now its gonna be a year .Total 5 years and the EMI is 16835/- rate of interest is 11.25 was quit high and the processing fee is 9500/- One of my referred me to opt car loan from IDBI,customer service people are really friendly they help in all the manners.
      Was this review helpful? 0
      , thane
      Reviewed on Feb 06, 2017
    • IDBI Car Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I choose IDBI bank to get the car loan because am already having the housing loan. Interest rate was a good one when compare with other banks. Stamp duties and the processing charges are a nominal one according to the market. Within a day of time the loan amount got disbursed to the car dealer.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 23, 2016
    • IDBI Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I am very much happy to hold the IDBI Car loan. Rate of interest charged by them was very low. They are giving a discount to the Corporate employees. This car loan is already settled. The term of the loan is 5 years and the loan got closed automatically. I got the closure letter within a month's time.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 18, 2016
    • IDBI Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have got the car loan with the IDBI bank and the interest rate was around 11.25%. The loan amount got disbursed to the account within two to three days of time. Customer service is good with them and the processing charges were nominal with them.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 05, 2016
    • IDBI Car Loan
      "Quick process!"
      0.5 5.0/5 "Blown Away!"
      Car loan process was pretty good as the loan was disbursed within an hour. Even the documentation was done in the respected time by the IDBI bank. Verification was done after the delivery of the vehicle. 9.95% is the interest rate, which is pretty low for the car loan.
      Was this review helpful? 0
      , raipur
      Reviewed on Jan 28, 2016
    • IDBI Car Loan
      "Average!!"
      0.5 1.5/5 "Bad"
      Last year I availed my car loan with Idbi . Everything was done through my car dealer. However I found their customer service is not that good. I had to visi the branch often , since I was given a maximum tenure I opted with this bank. They should improve their customer service. They should be more customer centric. Other than they were competitive as like Sbi in terms of interest rate.
      Was this review helpful? 3
      , pune
      Reviewed on Nov 27, 2015
    • IDBI Car Loan
      "Good "
      0.5 4.0/5 "Great!"
      I took the car loan with idbi bank with the interest rate of 10.75% and there was no processing fee. I visited three branches to get the loan and the customer service is was not good as they took 3 week of the loan process. They were forcing me to take the insurance on the loan and not giving the information prior.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 03, 2015
    • IDBI Car Loan
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from IDBI Bank with the interest rate of 11% which should reduce but they did not charge any processing fee. They took only three days for the disbursement after submitting the documents. The representative came and collected all the documents related to the vehicle.They guided me very well throughout the process.
      Was this review helpful? 2
      , ambala
      Reviewed on Sep 14, 2015
    • IDBI Car Loan
      "My Bank..."
      0.5 4.0/5 "Great!"
      I availed a car loan from IDBI bank. I approached the bank directly and they informed me the necessary documents. They collected the documents, checked my credit score and said that everything is genuine and provided me the loan within 4 days. They transfered the amount to the dealer directly. They did not charge any processing fees.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 17, 2015
    • IDBI Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The executive of the IDBI bank were cooperative and also it was a good service by the bank for the Car loan. The executive of the bank had come to my door step and he also had good knowledge about the loan. The bank was very transparent in their loan requirements and also they were flexible in changing the tenure period. They had given the appropriate information and they were also good in their extra features.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 23, 2015
    • IDBI Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I would like to give 5stars for IDBI. It is very good for me, everything was in place. They came to my place for documents collections and it was only once I have been to their branch to sign the documents. In fact my account was dormant they have activated it. Responsiveness is good.
      Was this review helpful? 0
      , hubli
      Reviewed on Jun 27, 2015
    • IDBI Car Loan
      "Satisfied!!!"
      0.5 4.0/5 "Great!"
      There is no processing charge in IDBI bank for car loan thus I opted. Actually I was in favor of floating rate of interest however IDBI only offered fixed rate of interest rate. Even though it was fixed I ended deal with IDBI. The car loan process was too long as the executive who handled my case was slow in process. Overall the process took a week to ten days thus bit dissatisfied. Interest rate was 10.5%. Nil pre closure charge and closing period of post six months. IDBI should speed up the loan process, which is my suggestion.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 19, 2015
    • IDBI Car Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I am holding a car loan with IDBI. The value of the car is 7 lakhs and I have borrowed 5 lakhs . There is no additional cost on that. I would say this Bank is better than HDFC in all the ways and means. Its an ongoing loan and this was taken last year and no issues with them.
      Was this review helpful? 3
      , raipur
      Reviewed on Jan 05, 2015
    • IDBI Car Loan
      "Fastest process!!"
      0.5 4.5/5 "Excellent!"
      Within 24 hours all details were collected from my end and IDBI processed loan as soon as possible. Hardly they took 2 days they provided cheque. And by paying down payment of 50,000 I took the car from the dealer. Each and every month I am getting alerts regarding current status. Processing fee is nominal for car loan where they just collected Rs.1000 and interest rate is competitive.
      Was this review helpful? 2
      , aurangabad
      Reviewed on Dec 31, 2014
    • IDBI Car Loan
      "Feel at home services with IDBI"
      0.5 5.0/5 "Blown Away!"
      The car loan from which I availed from IDBI bank is very good. The experience was great. The processing was so fast as I applied and got the loan approved on the same day. The loan amount was Rs. 500000 and the interest rate is 10.25% for 7 years.
      Was this review helpful? 2
      , nagpur
      Reviewed on Nov 27, 2014
    • IDBI Car Loan
      "Good approach"
      0.5 5.0/5 "Blown Away!"
      IDBI approached me for a Car Loan . I can rate them as 5 for their rate of interest as its can very competitive and this is the only Bank which provides the loan for 7 years and all the other Banks are providing at 5 years however as I have taken a loan with ICICI nothing much to comment about them
      Was this review helpful? 2
      , gurgaon
      Reviewed on Aug 21, 2014
    • IDBI Car Loan
      "Wonderful experience"
      0.5 5.0/5 "Blown Away!"
      It was a wonderful experience of availing a car loan from IDBI bank. I think I haven't had any problem in availing the loan. Actually I contacted the customer care executive of IDBI bank for a car loan. On the very next day a person from the bank came to my place and collected all the documents. Within 4 to 5 days they disbursed the loan. Rate of interest was 10.65%. Best part is they did not charge any processing fee.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jul 28, 2014
    • IDBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      If i compare the rate of interest of this IDBI Bank car loan with other nationalized or private bank they are profitably at the lower side in the rate of interest, the response and the customer service was excellent and i got the loan amount approved with in four days .
      Was this review helpful? 2
      , pune
      Reviewed on Jul 26, 2014
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