If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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 31 Indore Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 10.35% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% financing on car value
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    12% - 15.5% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 13.25% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Good to Know
    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Indore Car Loan is Rated as "Great!" by 249 Users
    Car Loan BYTES FROM OUR KITCHEN

    Indore Car Loan

    The commercial capital of the state of Madhya Pradesh, Indore is a tier 2 city which is well on its way to becoming a cosmopolitan hub in central India. The city is the birth place of trends in the fields of commerce, trade, fashion, arts, media etc. In other words, it has a strong presence on the national level as far as practises in respective fields go.

    About Car Finance: Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.


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

    01
    02
    03
    04
    Indore Car Loan Minimum Age

    At least 21 years old

    Indore Car Loan Maximum Age

    Less than 67 years old

    Indore Car Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Indore Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Indore Car Loan amount eligibility is based on these factors

    01
    02
    03
    Indore Car Loan Minimum Salary

    Minimum income required Rs.2,40,000 per annum

    Indore Car Loan Maximum Loan to Value

    Loan capped @
    85% Ex-Showroom price

    Indore Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Indore Car Loan amount by these steps

    01
    02
    Indore Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Indore Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Indore Car Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 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

    Indore Car Loan Interest RatesUpdated on 20 Jan 2018

    Indore Car Loan Details
    Interest Rate (Monthly reducing balance) 10.5% - 12.75%
    Processing Fees Rs. 500 to Rs, 5,000
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% to 4% on outstanding loan amount
    Guarantor Requirement No guarantor required

    Check For Latest: Gold Rate in Indore Or Silver Rate in Indore

    Indore Car Loan Reviews

    • Bank Bazaar Car Loan
      "Good platform"
      0.5 5.0/5 "Blown Away!"
      Earlier I used bank bazaar website but this is the first time I had taken a car loan through online. It was easy process without reaching out the banks. The website was simple to use and more user friendly. I had checked my credit score without any hassle.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      The rate of interest was normal with HDFC Bank as per the market price. I compared with the government banks, here the foreclosing is not easy. They provided a doorstep service for the documentation. I have purchased TATA Nexon. The customer service and response was good.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 17, 2018
    • Bank Bazaar Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with bankbazaar so far, they provide very good services when compared to all other banking websites. I know bankbazaar.com from last 1 year. Customer service of bankbazaar was good and they responded on time. The mobile application of bankbazaar is easy to access and is user friendly.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 16, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan application was approved with HDFC bank and the loan experience was good. The process was smooth and i received my loan amount within 10 days. The loan amount is for Rs 8 lakhs with the rate of interest of 8.5% which is nominal when compared to all other banks. My loan amount was based on the on-road price. They charged Rs 6000 as processing fee which is nominal. Customer service was good and they collected documents on time. The tenure of this loan is 7 years and it was overall a good service from HDFC bank.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 16, 2018
    • Axis Bank Car Loan
      "Car loan with AXIS"
      0.5 4.0/5 "Great!"
      I have take a card loan from AXIS bank . From my end i made a down payment of 1 lakhs 50 thousand. The bank have approved 5 lakhs 75 thousand. The interest was 8.75% The monthly EMI is 12000 for 5 years. The processing fee and charges was around 7 to 8 thousand.
      Was this review helpful? 6
      , indore
      Reviewed on Dec 22, 2017
    • Bank Bazaar Car Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      It was been about two years I came to know about the service of Bankbazaar.com I feel it was a very good experience with Bankbazaar.com compare to others in the digital market also the website was very easy to use have lot of good options it was a good experience with Bankbazaar.com.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 06, 2017
    • ICICI Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest was very high with icici car loan department compare to others in the market. The customer support was prompt but I was with my personal problems so was unable to process further with my loan process it was a good experience with icici car loan service.
      Was this review helpful? 2
      , indore
      Reviewed on Dec 06, 2017
    • Bank Bazaar Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 2-3 years, the services provided by bankbazaar is good when compared to all other sources in the market. It was a good experience with bankbazaar so far. Customer service was good and their response was prompt. The bankbazaar website is easy to navigate and is user friendly.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 02, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan from HDFC bank, my loan application was closed because there was a funds issue. When it comes to customer service, it was good, they responded on time and they followed up correctly. The rate of interest was nominal when compared to all other banks. Overall it was a good service from HDFC bank.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 02, 2017
    • Bank Bazaar Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The customer service was good from the bank bazaar side .i received Call within a day from the bank bazaar executive after i registered for the loan process . The Website was real good and user friendly for the customers . Over all experience was good from the bank side .
      Was this review helpful? 0
      , indore
      Reviewed on Nov 30, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I already bought the car and payed the dealer then i asked for a loan the bank did not have that kind of loan providing option , also the rate of interest was high 14% . So i cancled the application from my end . They contacted me on time and every information was delivered to me in a proper manner .it was a good customer service from the bank ICICI Bank side for the personal loan i received .
      Was this review helpful? 0
      , indore
      Reviewed on Nov 30, 2017
    • Bank Bazaar Car Loan
      "Much better than others"
      0.5 4.0/5 "Great!"
      Bankbazaar.com is working in good way and they are doing the perfect way. I am using Bankbazaar.com from the last 2.5 years of time, also I have not seen any hiccups with them till now. I am really happy with the Bankbazaar.com.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 11, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 2.5/5 "Just OK"
      ICICI bank have not approved my car loan because of some other reason. I would like to say that the customer service and other things are really good one for me, also I really dont have any issues with them till now.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 11, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My salary account is with Axis Bank. They have disbursed the loan within 2 working days. Since I am away from my location, after coming from there I have submitted my documents to the branch directly. The part payment and pre closure options are good. My loan was taken during the festival season, they don't charge processing fee.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 08, 2017
    • Bank Bazaar Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The response was very fast and quick. Bank Bazaar is a good platform for the customers who required loans, credit cards and provide a good idea related to FINTECH. The customer service was satisfactory. The website was easy to access and customer friendly.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 08, 2017
    • HDFC Bank Car Loan
      "Satisfied"
      0.5 4.5/5 "Excellent!"
      I had applied for a car loan with HDFC Bank. They called me 2 to 3 times, the response was proper. They have offered interest rate is 9.20,% but Axis bank given me 8.75%. Actually Axis bank have provided a loan with lesser interest rate. Overall service was satisfactory.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 08, 2017
    • Bank Bazaar Car Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I had a great experience with Bankbazaar. The customer services are good and they were quick to contact me and inform me the details. When I was confused with documents, Ms. Padmavathy has guided me in the correct way for the documentation process. The website is also good and it was convenient to use.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 07, 2017
    • HDFC Bank Car Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC Bank for the car loan except for a few tings that I had to coordinate with. I had to get back again and again with regards to the documentation process. The rate of interest was of 8% and the processing charges was of 1 or 2%. I am still not sure on those details. I have taken a Maruti Suzuki Baleno. The vehicle costed seven lakhs and I applied for five lakhs. I got 70% to 80% of the loan.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 07, 2017
    • Bank Bazaar Car Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bankbazaar provides good services on financial products when compared to all other banking websites. I know bankbazaar.com from last 6 months. The customer service was upto the mark and i would say its average. The website is easy to access and it is user friendly.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 31, 2017
    • HDFC Bank Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from HDFC bank, my loan application was approved and the requested amount was disbursed. The customer service and their response was good. they provided door step service for the collection of documents. The rate of interest was less when compared to all othe banks. The process was smooth and the loan amount was approved within 3-4 days.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 31, 2017
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