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 34 Indore Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.1% - 15% Floating
    0
    20K - 10L
    1-5 Years
    Response Time Within 30 minutes
    Ad Rs.2,500 Amazon voucher free Paperless approval option available
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    Eligibility Criteria
    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
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    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Eligibility Criteria
    8.25% - 9% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free PAPERLESS APPROVAL OPTION AVAILABLE
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    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 free 100% financing on car value
    What you'll love
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    Perks
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    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Good to Know
    Eligibility Criteria
    13.50% - 15% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.30% Floating
    575 One time fee
    1L - 2Crs
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
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    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
    Rs.2,500 Amazon voucher free
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Indore Car Loan Reviews

    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 4.0/5 "Great!"
      The customer service and response was good with bank bazaar. I have applied car loan through bank bazaar web site which is easy to use and user friendly.The steps are easy to follow. The follow up calls is good and it is convenient to know the offers of the banks with ease.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 10, 2017
    • Oriental Bank of Commerce Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      OBC has extended the plan to get the loan for my car after some time, so I did not go ahead with the Oriental bank of commerce for the finance of my car. They provided a good response and the loan amount that I had opted for was 8 lakhs and it was an average service.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      AXIS gave best offer in the market with zero processing fee with the interest rate of 7.99%. I took the loan amount of 9 lakhs with the tenure of five years. In against Renault dustor. AXIS has locking period of one year for preclosure for car loan.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "VERY GOOD"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good in all service, whenever I register for any products on next day I get a call. They always guide on loan products and investment, Its an one stop to get all financial needs and response is good and satisfied. Their Mobile app is also good.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Looking for a best interest rate"
      0.5 3.0/5 "Satisfactory"
      I am working as a direct dealer of bank in HDFC and Axis, Hence I have taken car loan from AXIS, they offered me 7.99% of interest for the car loan. But ICICI were giving higher interest rate but they are good in response and service. But I was unable to compromise with ICICI hence I decided to goahead with AXIS.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "Its Good friendly and good financial advisor"
      0.5 4.0/5 "Great!"
      Bank Bazaar gave me good response. When I applied for the car loan they responded well and explained about loan process. I am very much impressed about Bank Bazaar service is great. I got instant response from the site, its very easy to apply and easy to avail financial products through them.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      My brother have taken car loan from SBI, since he was government employee he got a better offer from them., Hence there is no need to take car loan from ICICI. Therefore I dropped the plan, but ICICI have responded well, I told them to collect the document but suddenly my plan got changed.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I preferred SBI for the car loan because of the rate of interest. The bank quoted 8.65% of interest rate for the car loan and they done with the process in a fast manner. Post submitted my documents to the bank, they sanctioned the loan within a day. I got an excellent service from bankbazaar.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 05, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had received good service from bankbazaar when I approached them for the loan process. Their website is quite easy to handle and very informative. They provided a proper followup calls. I had no issues with bankbazaar, the website is useful to check the interest rate for the loan.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 05, 2017
    • SBI Car Loan
      "Very good service with the best Interest rate"
      0.5 5.0/5 "Blown Away!"
      The state bank of India just took 2 days time to disburse my car loan. I got a friend in SBI branch so I have submitted my documents through my friend. I am happy about the loan amount. The required loan amount has been disbursed. The rate of interest is low with SBI . I am happy with the car loan service with state of India.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 05, 2017
    • Bank Bazaar Customer Support
      "User friendly portal"
      0.5 5.0/5 "Blown Away!"
      The response is very good with bank bazaar end. I know about bank bazaar through promotional mails and through google web search. I have applied car loan through bank bazaar web site, it was very easy to use and user friendly portal. I am happy with the bank bazaar service.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 05, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't got the car loan with ICICI bank because of their interest rate. The rate of interest is higher than normal with ICICI, I have got the car loan with the best interest rate with Sbi bank. The customer service with ICICI bank is good, The interest rate should be reduced in future with ICICI bank.
      Was this review helpful? 1
      , indore
      Reviewed on Jul 05, 2017
    • Bank Bazaar Customer Support
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      I had received good service from Bankbazaar. They were calling me regularly and forwarding my application to the bank without any delay. Bankbazaar website is easy to handle and it is very informative. The customer service and responses are good.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 22, 2017
    • ICICI Bank Car Loan
      "The Best Service"
      0.5 5.0/5 "Blown Away!"
      ICICI bank is good in terms of providing good service. I submitted my car loan application with ICICI through third party online source. The bank is responded well and contacted me promptly. But I postponed my plan due to some reason. But I received best service from ICICI.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      Always I am getting good response from bankbazaar. They are very prompt in making follow up calls and providing regular updates on the status of the application. I never had any issues with bankbazaar. Their website is quite good to handle.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 21, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It was a good service with ICICI bank for the car loan process. I applied for the loan but I could not followup with them in order to get the loan. I was held up in other work so I had no time for it. So I just postponed my plan in taking the car loan. But services of ICICI bank is good.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 21, 2017
    • review Car Loan
      "Interest rate should be reduced"
      0.5 4.5/5 "Excellent!"
      TATA Capital gave me 0.2% difference on the interest rate for the car loan. I took the loan during the year 2011, they have sanctioned 100% value on the showroom the price. I had purchased TATA Nano worth around Rs. 1.85 lakhs, it got closed without any hassle. But my only concern here is the interest rate, Hdfc giving lower rate then TATA Capital. If they reduce that it would be better.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 08, 2017
    • Bank Bazaar Customer Support
      "One stop solution"
      0.5 4.5/5 "Excellent!"
      I am very much glad to use Bank Bazaar service, I got a great support from them on my car loan process. When I was searching for vehicle, I came to know about Bank Bazaar, I visited the site and put a request for the car loan. Then I got an immediate response from them and I am very much satisfied with them,
      Was this review helpful? 0
      , indore
      Reviewed on Jun 08, 2017
    • HDFC Bank Car Loan
      "Its Best"
      0.5 4.5/5 "Excellent!"
      I dropped the idea to buy a car right now its because of my personal reason. HDFC is best in the market, they have called and confirmed about my requirements and suggested the vehicle for me. Then I have informed them , I don't have an idea to buy the car right now.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 08, 2017
    • Bank Bazaar Customer Support
      "Quick response"
      0.5 4.0/5 "Great!"
      Bankbazaar.com response was very good and quick too and am using it from the last two to three months of time. Website of the Bankbazaar.com is easy to understand like a common man can read it out. I am using Bankbazaar.com from the last two to three months of time.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 07, 2017
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    Indore Car Loan is Rated as "Great!" by 177 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    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 29 Jul 2017

    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
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