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
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    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.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    13.1% - 15% Floating
    999 + applicable tax
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.60% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% financing on car value
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    12% - 15.5% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.75% - 8.80% Fixed
    3,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time : Within 30 minutes
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    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time : Within 30 minutes
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    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    12% - 13% Fixed
    1% One time fee
    50K - 10L
    1-4 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
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    Eligibility Criteria
    8.75% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
    What you'll love
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    Perks
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    Eligibility Criteria
    9.15% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    11.50% Floating
    575 One time fee
    1L Min
    1-3 Years
    Response Time : Within 30 minutes
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  • Indore Car Loan is Rated as "Great!" by 260 Users

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    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
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    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 21 Jul 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

    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been using the card for the last one year and the services which they had been providing so far had been very good. I had been using the card for shopping and all other purchases. The credit limit with the card has been good as well as there has been good benefits with them.
      Was this review helpful? 1
      , indore
      Reviewed on Jul 07, 2018
    • Bank Bazaar Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      This was my first time experience with bankbazaar and it was good, the services provided by bankbazaar is good when compared to all other sources in the market. Customer service is good and their response is on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 28, 2018
    • HDFC Bank Car Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      My car loan application was approved with HDFC bank and the experience was good, i received my loan amount within 1 week. I have taken loan for 6.5 lakhs for 4 years with rate of interest which is little bit high. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 28, 2018
    • Bank of India Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with Bank of India, the loan amount was for Rs 3.5 lakhs with rate of interest of 9.5% which is nominal rate. It was a new car and my loan was approved based on the on-road price. There are no charges on foreclosure and the tenure period for this loan is 7 years.
      Was this review helpful? 0
      , indore
      Reviewed on May 16, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was less than Rs 3 lakhs with nominal interest rate when compared to all other banks. There are no charges on foreclosure and part payment options are available. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , indore
      Reviewed on May 16, 2018
    • HDFC Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC bank and my loan experience was good, the loan amount was sufficient with nominal interest rate when compared to all other banks. The tenure period of this loan is 5 years. They have charged 2% of the principal amount for preclosing the loan.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 20, 2018
    • TVS Credit Services Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest was been 15 to 16 % with Tvs car loan service which was been nominal compared to the market value. They done the verification process which was been smooth. The documents have been collected from my door step. It was a good experience with Tvs Car loan service.
      Was this review helpful? 0
      , indore
      Reviewed on Mar 13, 2018
    • HDFC Bank Car Loan
      "Car Loan with HDFC"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from HDFC and the approved loan amount is 4 lakhs. The rate of interest was 8.65% with a monthly EMI of 6473. The total tenure was for 7 years. There was no processing fee or charges. I can recommend this HDFC bank to others
      Was this review helpful? 0
      , indore
      Reviewed on Mar 10, 2018
    • Bank Bazaar Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar response is fine. I have not find any difficulty in using the service. The service is much friendly. They gave me regular follow up calls regarding my application and the value added service is really beneficial.The website is easy to navigate.
      Was this review helpful? 0
      , indore
      Reviewed on Mar 10, 2018
    • Bank Bazaar Car Loan
      "Better service"
      0.5 4.5/5 "Excellent!"
      I have taken my car loan via BANK BAZAAR.Their customer service and responses was really good . Here the application process was easy .The website was Informative and user friendly . My overall experience was really better and I would like to recommend to others.
      Was this review helpful? 0
      , indore
      Reviewed on Feb 27, 2018
    • HDFC Bank Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have my car loan with HDFC bank. The loan amount was 3.9 lakhs and the Interest rate was 8.65% which is average in the market . The tenure period was 5 years.The loan process was very good and I had a smooth documentation. My overall experience was better and its recommendable.
      Was this review helpful? 0
      , indore
      Reviewed on Feb 27, 2018
    • 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
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