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
    8.5% - 10% 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 available
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    8.90% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    13.1% - 15% Floating
    Up to 2%
    20K - 10L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    8.80% Floating
    0
    1Cr Max
    7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
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    Eligibility Criteria
    8.75% - 11.50% Fixed
    Up to ₹5,500
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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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 free 100% financing on car value
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    Eligibility Criteria
    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 free Paperless approval available
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    Eligibility Criteria
    11.40% Floating
    0
    35K - 25L
    5 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon voucher free
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    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
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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
    Rs.2,500 Amazon voucher free
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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
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  • Indore Car Loan is Rated as "Great!" by 215 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 19 Oct 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

    Indore Car Loan Reviews

    • Bank Bazaar Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar was doing a good customer service. There were appropriate and proper response. I know this website from online search. The mobile application was it user friendly. I can refer this website to my friends and family members.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • Sundaram Finance Car Loan
      "Great srevice"
      0.5 4.5/5 "Excellent!"
      I have submitted the online application to Sundaram Finance on my car loan through online portal. But later I have changed my mind and cancelled the application. The customer service and response was good The rate of interest is little high as 7.5-8%little high from the market price
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • Bank Bazaar Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      Bank bazaar is a one stop solution for all the financial products. I have purchased a policy here before. The customer service and responsiveness was amazing and good . The website has many good options on banks that is very useful. I would like to recommend to others because I have not faced any issues with their service.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • ICICI Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached for my car loan with ICICI bank. The rate of interest was 8.50% which was average in the market but I have postponed the plan because the particular car model is not available in showroom. The customer service ad responses was up to the mark so I would like to recommend.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • Bank Bazaar Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      Customer service was good from the bank bazaar end . They called me on a proper time and delivered every information i required for the loan process . the website was well designed and user friendly there was no hassle for me to work with it .
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got car gifted from my relative so canceled the plan of buying a car now . The customer service from HDFC Bank was real good they contacted me on time and delivered all the required information . The rate of interest given to me was little bit high i felt, even from the private finance company . Also they gave me a 80% approval . It was a good experience i would say .
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • Bank Bazaar Car Loan
      "Honest and trustworthy"
      0.5 4.0/5 "Great!"
      Bank bazzar was good, It gave me a brief idea about the bank which offers the nominal rate of interest.This is my first experience with bank bazaar. Customer service is good. I would say, it is a good platform for financial products. Good website!
      Was this review helpful? 0
      , indore
      Reviewed on Oct 10, 2017
    • ICICI Bank Car Loan
      "Good "
      0.5 3.5/5 "Pretty good"
      I have approached ICICI bank for my car loan through online portal. I got a good offer from SBI. But due to some personal reasons loan got rejected with ICICI bank. They helped me lot in getting loan. Rate of interest is nominal with ICICI. Again I have approached ICICI, finally I had taken a loan from ICICI.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 10, 2017
    • Ford Finance Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The Ford credit service approved my car loan within a day time and they approve the loan only for the ford vehicles. The customer service is excellent with Ford. The rate of interest and the charges are very low when compared with others and I am satisfied with it.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 09, 2017
    • Bank Bazaar Car Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The response part was very good with bank bazaar. The website of bank bazaar is easy to use and user friendly. I have used the bank bazaar mobile application which is customer friendly. I have reached the bank bazaar inbound team to get all kind of products. I am using the bank bazaar for past 3years.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 09, 2017
    • HDFC Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank gave good response in regards to my car loan application. I felt the rate of interest was high with HDFC bank and the fore closure charges are high with HDFC bank, so that was the reason I haven't got the loan from HDFC bank. The customer service is good with HDFC bank.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 09, 2017
    • Bank Bazaar Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Customer service from Bank Bazaar contacted me on the same day. The Bank website is user friendly and easy in accessing the website. Overall happy with the services of Bank Bazaar. I use to be in online maximum times this helped me easily to apply for the car loan through Bank Bazaar.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 30, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My brother has applied car loan here in ICICI Bank without knowing that I have applied car loan in HDFC Bank. I don't know why that application in HDFC Bank is closed but I think this car loan will be given to me. I don't remember the processing fees but the rate of interest is 8.5% which is equal to other banks.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 30, 2017
    • SBI Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I applied Car loan in State Bank of India and they are quick in processing the loan. The processing fees 0.5% which is nominal and the rate of interest is 8.75% which also good. I personally like the services given by State Bank of India that's why I choose them.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 30, 2017
    • HDFC Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I applied this Car loan in HDFC Bank and I'm deciding whether to take loan from HDFC Bank or other banks. My brother didn't know that I applied car loan here in HDFC Bank and he applied car loan in another bank. Customer service is average here in HDFC Bank for car loan process but they collected the documents immediately .
      Was this review helpful? 0
      , indore
      Reviewed on Sep 30, 2017
    • Bank Bazaar Car Loan
      "Useful site"
      0.5 5.0/5 "Blown Away!"
      Happy to comment about bankbazaar as it was very useful i was able to the comparison of the rates offered by various bank. I am happy with the deal provided by bankbazaar. Customer service provided by bankbazaar is very good, I got all information from bankbazaar executive. Mobile application was very easy to download and use we can also check the credit score too online.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 28, 2017
    • HDFC Bank Car Loan
      "Car loan proces is good"
      0.5 5.0/5 "Blown Away!"
      I dont want to take the car loan as there was no need otherwise it was excellent process followed by HDFC. I have not submitted my documents yet. I had received a very good response from them . I am happy with the interest rate and processing charged by HDFC. The car model which I had chosen is MARUTI SUZUKI IGNIS SIGMA 1.2 MT
      Was this review helpful? 0
      , indore
      Reviewed on Sep 28, 2017
    • Bank Bazaar Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      My experience with Bankbazaar was actually good. They were immediate to contact me and inform me the details. The Chennai office was very efficient as they also followed up right through the process. The website is also good and very much comfortable to use.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 23, 2017
    • HDFC Bank Car Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      The formalities for my car loan was completed on time and I also got the loan on time as well. HDFC Bank has done a good job and the experience is perfect. I have taken a MARUTI SUZUKI SWIFT. The interest rate was around 9% and the processing charge was normal.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 23, 2017
    • Bank Bazaar Car Loan
      "Very good site"
      0.5 4.0/5 "Great!"
      I would like to give 4 stars for bankbazaar. I had approached bankbazaar for the car loan recently. It would have been great if the interest rate offered by bankbazaar matches with the bank rate as there was a slight variance in the interest rate.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 22, 2017
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