If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • IndusInd Car Loan Eligibility Calculator is Rated as "Great!" by 145 Users

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    IndusInd Car Loan Eligibility Calculator

    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.

    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
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan almost seven years back and the process in getting this loan was pretty much easy. The loan amount has been good and the interest rate with them has been nominal as well. There has not been any additional charges made by them and there was a help from their customer support team as well.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 20, 2019
    • IndusInd Bank Car Loan
      "Very Convenient"
      0.5 5.0/5 "Blown Away!"
      MY friend is working with Indusind he have coordinated for the car loan product, they sanctioned on price of the car. I purchases swift dezire car and it has tenure period of five years. The interest rate is attractive but I am satisfied with loan process.
      Was this review helpful? 1
      , erode
      Reviewed on Mar 05, 2019
    • IndusInd Bank Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I do have a car loan in Induslnd Bank. The interest rate is nominal. The customer service is not up to the mark which has to be improved. They have charged a processing fee which was bit high compared to others. The loan duration is 5 years. I made down payment of 3.5L and took 7L to purchase i20 car.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Feb 28, 2019
    • IndusInd Bank Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Recently I took car loan from Indusind bank, they gave me good interest as compared to others . I have purchased Swift dezire, the loan process was good. On time the car was delivered, the processing fee was nominal. I took the loan for 5 years of duration.
      Was this review helpful? 2
      , chennai
      Reviewed on Feb 26, 2019
    • IndusInd Bank Car Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My car loan experience was good with Indusind bank and it was closed few days back. The loan amount was sufficient and the rate of interest was little high when compared to others. I preclosed this loan after 1 year and there were no preclosure charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 20, 2019
    • IndusInd Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I closed my Indusind bank car loan, I took this to purchase the ALTO car, the loan interest was okay at the time. I submitted my papers and taken loan through showroom, the bank customer care is good and coordinated well with me on my loan process.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 18, 2019
    • IndusInd Bank Car Loan
      "No issues in the car loan"
      0.5 4.0/5 "Great!"
      I have purchased my car loan by using the indusind. Since showroom people has suggested me about the indusind bank, i have selected them. The documentation process is the minimal. The sanctioned letter has given on the same day. Processing fee was there and interest rate was convenient.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 03, 2019
    • IndusInd Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have purchased a car loan from indusind bank, because they have provided me a good interest rate ,they have charged me rate of interest up to 14% which was nominal,and the loan amount they have given me was sufficient. and they have charged me processing fee which was nominal, now i have closed this loan by pay pre-closure.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 31, 2019
    • IndusInd Bank Car Loan
      "Good Car Loan"
      0.5 3.0/5 "Satisfactory"
      I have purchased a car loan from indusind because they have provided me a good interest rate offers. I have got the loan amount of Rs. 3 lakhs and they have sanctioned the loan on the same day. The documentation process was normal. There is no processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 24, 2019
    • IndusInd Bank Car Loan
      "High Interest Charges"
      0.5 4.0/5 "Great!"
      My brother has taken a car loan with Indusind Bank and i was a co-applicant. The interest rates which they have for this loan is pretty much hire. It would be good if the interest rates comes down . At the time of applying there was a bit delay as things did not go well and later when i joined as co applicant things were taken care.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 19, 2018
    • IndusInd Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with IndusInd bank and the experience was good, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The rate of interest was nominal and the tenure period for this loan is 3 years.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 16, 2018
    • IndusInd Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been using my car loan with Indusind bank a long back, i have took this loan from my native and there service was up to the mark and they have charged nominal rate of interest to me and through showroom only i got this car loan and there customer support team is good they are very co-operative with me and i have closed this loan .
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 15, 2018
    • IndusInd Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with Indusind bank, the loan amount was for Rs 6.5 lacs with nominal interest rate. The process was smooth and i received my loan amount on time. Customer service was good and they responded on time. The tenure period for this loan is 3.5 years.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Oct 09, 2018
    • IndusInd Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a Used Car loan from the IndusInd bank for 3 lacs, interest rate was high. The whole application process was easy and hassle free. It has been a good experience with the Car loan from IndusInd bank.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Aug 23, 2018
    • IndusInd Bank Car Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan for a commercial vehicle from Indusind bank. The process is good and I received the loan on time. The rate of interest and processing charges is normal. The after loan services is also good. In all there has been no hassles.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Aug 17, 2018
    • IndusInd Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      Got my car loan from Indusind bank , where the rate of interest is nominal one . They took 5 days for approval and documentation. Where i use to pay monthly through ecs for 5 years . And there is no processing fees.Overall am satisfied with personal loan from hdfc.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 25, 2018
    • IndusInd Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I got car loan from Indusind bank , their rate of interest is nominal one based on the market price and am satisfied with it For documentation and approval their customer service took 10-15 days for whole thing. Making the payments through ecs and there is no charges for transaction. I have chosen tenure period of 30 months .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 17, 2018
    • IndusInd Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have four wheeler loan with the Indusind bank and the interest rate is around 9%. The processing charges were not really good. The loan amount got disbursed within four days of time. Everything is good one with the Indusind bank and there are no issues on it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • IndusInd Bank Car Loan
      "Easy to get loan from indusind"
      0.5 4.0/5 "Great!"
      I have bought a swift desire car by using the car loan from Indusind bank. They have offered me a car loan around 5 lakhs. For that they offered me interest of 8.5%. I used to make the EMI of 14000. Through Auto debit i used to make the payment. I have bought the loan for 2 years back. Overall, i'm satisfied with the car loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2018
    • IndusInd Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I took a car loan from the IndusInd Bank for 6 Lac, I got the loan amount with in 1 week. I applied at the branch. The whole application process was easy and hassle free. The interest rate is nominal when comparing to other banks in the market. So far it has been a very good experience with the bank and their services.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 14, 2018
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