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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  • IndusInd Car Loan Eligibility Calculator is Rated as "Great!" by 109 Users

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    IndusInd Car Loan Eligibility Calculator

    Overview about IndusInd Car Loan

    IndusInd began its operations in 1994 as a collective contribution to India’s social and economic development. Its name is derived from the Indus Valley Civilisation which inspires the bank with its culture that is known to be one of the greatest in history. IndusInd’s business operations involve innovation and fair practices. The bank continues to grow endlessly with its customer-centric products and services.


    IndusInd offers car loans for personal use and commercial use. You can get finance to buy the vehicle of your choice as IndusInd covers all brands of cars.

    • Avail of a vehicle loan from IndusInd to get the car you need for yourself or your business.
    • IndusInd is a one-stop shop for car loans as they not only provide loans on all brands, but they also come with attractive terms.
    • Enjoy quick and easy loan processing with minimal documentation.
    • IndusInd ensures total transparency and doesn’t have any hidden costs.
    • Customers can repay the loan in flexible tenure options of 12 to 60 months.
    • They can tailor their loans to suit their requirements.
    Apply for Car Loan Online

    IndusInd Car Loan Eligibility

    The IndusInd Car Loan is available to salaried individuals and businessmen or professionals. You should be 21 years or above to be eligible to apply for this loan. You will need to submit documents to support your application. You will need:

    • ID proof
    • Address Proof
    • Income proof
    • Recent passport-size photos

    Factors Affecting IndusInd Car Loan Eligibility

    To be eligible for a car loan, a number of factors come into play.

    Credit score – Your credit score is determined by CIBIL, the Credit Information Bureau India Limited. It is calculated based on your credit history which they keep a record of. So any time you miss a payment on a credit card or a loan EMI, your credit score takes a hit. There’s a number of other activities that could affect this score negatively. If you have a low score, the loan quantum you’re eligible for could come down drastically. If your score is extremely bad, then you may not be eligible at all. Maintaining a good credit score enables you to secure loans easily and get the amount you are seeking.

    Income – The income you are earning plays a very important role in getting a loan. Every bank has a minimum required income in order to sanction your loan. With a higher income, you will be able to secure your loan easily. Your income also needs to be steady. Banks need income proof for the simple reason that they need assurance that you can pay it back.

    Current debt – If you already have existing debt in the form of credit cards, personal loans or other loans, this will affect your eligibility. Debt-to-income ratio is important for banks to determine if you will be able to handle your finances when you are repaying the loan. There is only so much a person can allot to paying off debt from the money they earn. So having prior debt will bring down your loan amount.

    How CIBIL Score affects IndusInd Car Loan Eligibility

    CIBIL score has come to play a major role in India’s banking system. Banks depend largely on CIBIL scores to determine a customer’s credibility. To maintain a good credit score, you need to have a good pattern of credit repayments and spending behaviours. Paying your dues in full and on time contributes to your score. Missed payments, late payments, paying only the minimum due, spending erratically can all have a negative effect. Banks keep a track on what credit cards you hold, what kind of credit card user you are and how you handle the card. When you close a credit card, this can bring down your available credit limit and therefore brings down your score.

    Banks can approve customers with high CIBIL scores easily. The loan amount you require to purchase your car will also be sanctioned with no hassles. But when it comes to people with low scores, it’s a red flag for banks to give you a loan. For people with no scores at all, banks simply are not sure what to do with you because they don’t know your credit history.

    How to Increase your IndusInd Car Loan Eligibility

    Pay off your current debts as soon as possible. This will increase the loan amount you could get. If you know you’re going to take a car loan in the near future, don’t take out any other loan like a personal loan, because this will decrease your eligible amount. Take steps to increase your CIBIL score. You could add your spouse’s income to increase your earning capacity. Your spouse would be considered a co-applicant of the loan.

    IndusInd Car Loan Eligibility Calculator

    You can find out if you are eligible for a car loan by using an eligibility calculator online. BankBazaar.com has a very easy and user-friendly calculator that can help you determine if you are eligible for an IndusInd car loan. You need to provide basic details about your age, income, company, city, car you wish to purchase and so on. You will get results that provide you information about if you are eligible for an IndusInd Car Loan, your loan amount, EMI, interest rate and processing fees. Using an IndusInd Car Loan Eligibility Calculator is a wise thing to do before you apply for a loan.

    Car Loan Reviews

    • IndusInd Bank Car Loan
      "Approachable bank"
      0.5 5.0/5 "Blown Away!"
      From INDUSIND BANK i have taken a car loan. I started paying my EMI. The total amount approved from the bank is 3 lakh 30 thousand. I paid 70000 as down payment. With in 1 day the amount got approved. That was really very fast and quick response.
      Was this review helpful? 0
      , thrissur
      Reviewed on Sep 22, 2017
    • IndusInd Bank Car Loan
      "Its Good"
      0.5 4.5/5 "Excellent!"
      Good experience with Indusind for the car loan, I purchased Swift dezire my loan amount was Rs. 5.5 lakhs but car value around 8.2 lakhs. I paid the down payment nearly 2.4 lakhs to the showroom dealer. Within a day Indusind have sanctioned the car loan. Rate of interest was also good.
      Was this review helpful? 0
      , khammam
      Reviewed on Sep 21, 2017
    • IndusInd Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was a great experience i had with INDUSLAND BANK while my car loan process . I took a loan of 6 lakhs and i got a rate of interest of 9.23% and the monthly EMI amount was rupees 7,610 . I got a loan period of 4 years and the most amazing part was i got a super offer by the bank that they didn't charge me the processing fee at all . The INDUSIND BANK a reliable and a real good customer friendly bank .
      Was this review helpful? 0
      , surat
      Reviewed on Sep 19, 2017
    • IndusInd Bank Car Loan
      "Excellent services & process"
      0.5 5.0/5 "Blown Away!"
      I visited Indusind Bank personally and applied for a car loan. On the first day I got to understand all the details about the loan. On the second day the executive came over to my place and collected my papers and verified the same with the bank manager. The process was done in three days in all and I got the loan. It was easy and quick and the interest rate and charges is normal. I did not go to the level of communicating about the repayment.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 24, 2017
    • IndusInd Bank Car Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      Overall time period for the car loan process is five days with Indusind bank. The bank approved my loan in short span of time and they sanctioned it promptly. I am very much happy with Indusind bank in terms of my car loan process because everything went good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 24, 2017
    • IndusInd Bank Car Loan
      "Recommendable product"
      0.5 4.0/5 "Great!"
      I have purchased reused car, Indusind gave me good benefits, I have taken the loan amount of Rs.4 lakhs for tenure of 47 months, EMI is Rs.11,400 . They gave me reasonable interest rate and with low processing fee. I am very much happy about their service.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 08, 2017
    • IndusInd Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Indus ind bank had disbursed my car loan within a span of 2 to 3 days of time. The customer service and the response provided by Indus Ind bank is really good. The rate of interest is nominal with Indus ind. The requested loan amount has been approved and I am very much happy with the loan amount too.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jul 30, 2017
    • IndusInd Bank Car Loan
      "very good service"
      0.5 5.0/5 "Blown Away!"
      The Car loan got disbursed from Indus ind within 2 days of time. The rate of interest was low because I got a offer based on the company which I work. The customer service and the response was good with Indus ind bank. I am happy about the loan amount and satisfied with the service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2017
    • IndusInd Bank Car Loan
      "Better service "
      0.5 5.0/5 "Blown Away!"
      The process went smooth with INDUSIND bank car loan. They just took a week time to disburse my loan. The customer service and the response with Indusind is good. The documentation was submitted in 2 days of time. The rate of interest was high with Indusind. I am happy with the loan amount, they can still increase the loan amount in future.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 07, 2017
    • IndusInd Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the car loan with the Indusind bank and the services were good and it went in the smooth manner. The loan amount got disbursed within a week of time. They have provided around 100% of quotation of mine as loan. Charges are nominal one with them.
      Was this review helpful? 1
      , hosur
      Reviewed on Jun 01, 2017
    • IndusInd Bank Car Loan
      "Impovement needed "
      0.5 3.0/5 "Satisfactory"
      Indusind bank interest rates are high compared with Sundaram finance. They just took around 2 days to disburse my loan. The documentation process was fine with Indusind bank. I got 3lakh as loan amount. The response need to be improved a lot with Indusind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 08, 2017
    • IndusInd Bank Car Loan
      "Good Bank"
      0.5 4.0/5 "Great!"
      I had chosen Indusind bank for my car loan purpose because this is the only available bank at my area. I found that they are very good in the interest rate. I got the loan with 5.5% of interest rate, also they disbursed the loan amount within two weeks of time.
      Was this review helpful? 0
      , kannur
      Reviewed on Apr 18, 2017
    • IndusInd Bank Car Loan
      "Good Bank"
      0.5 3.5/5 "Pretty good"
      The loan amount got disbursed in eight days from Indusind bank as they promised. But the process was not as simple as with other bank. Documentation part is little tough. But the rate of interest quoted by them was pretty lower than the other banks.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Mar 10, 2017
    • IndusInd Bank Car Loan
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      Good experience with Indus Ind Bank on my car loan. They were providing quite efficient services for customers. Documentation process was done with ease and it is very much simple and it was processed in a smooth manner.Customer service is also good, they had taken only 3 days time for the loan disbursement.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 28, 2017
    • IndusInd Bank Car Loan
      "NEED TO IMPROVE IN BANKING"
      0.5 2.0/5 "Expected more"
      Earlier i had taken my car loan with INDUS IND Bank i have closed my car loan in four years now.And the worst part is Rate of interest is very high and EMI was 12000/- per year but i iant sure about that,They are very bad in communicating.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 06, 2017
    • IndusInd Bank Car Loan
      "Very good "
      0.5 4.0/5 "Great!"
      INDUS IND car loan process is very good. I had taken this loan on behalf of my friend as he does not have a proper proof. Now he is repaying the loan however the loan was taken on my name only. They came to my place when there is a problem with the ECS instruction later from the second month on wards everything was very smooth.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 15, 2016
    • IndusInd Bank Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have a long time experience with Indusind Bank. The services are very good from them. This is my second renewal for my car loan. They have offered me a rate of 11%. The processing charges was very minimal. They processed my loan within one day. Never faced any hassles with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 25, 2016
    • IndusInd Bank Car Loan
      "Awesome service "
      0.5 5.0/5 "Blown Away!"
      Brilliant service offered by INDUSIND, as they have just taken 2 days to process my car loan. The response time was very good with Indusind Bank.The service offered was good related to the car loan application which is submitted and I am overall happy with their service.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jun 30, 2016
    • IndusInd Bank Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      Induslind bank provided the car loan with interest rate of 7.25% and the processing fee was Rs.2000. They approved 90% of the loan amount. I got this offer from the showroom dealer. Within one day they completed the formalities and transferred the amount at the earliest.
      Was this review helpful? 0
      , bhilwara
      Reviewed on Jun 29, 2016
    • IndusInd Bank Car Loan
      "Good service with higher interest rate"
      0.5 3.0/5 "Satisfactory"
      When I took the car loan form Induslind bank with the less documentation they processed the loan quick but the interest rate and processing fee was on higher side comparing with other banks as they charging 14% interest rate and processing fee nearly 3%-4%. I took used car loan. They approved the 60% on the value of the car.
      Was this review helpful? 8
      , indore
      Reviewed on Jun 08, 2016
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