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  • IndusInd Car Loan Eligibility Calculator is Rated as "Great!" by 131 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
      "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? 1
      , 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? 0
      , pune
      Reviewed on Jun 14, 2018
    • IndusInd Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from IndusInd bank and my experience was good, the loan amount was based on my requirement and the rate of interest was comparatively low. Customer service was good with this bank and the tenure for this loan is 3 years. My payment is auto deducted through ECS.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 13, 2018
    • IndusInd Bank Car Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Indus ind bank has approved my car loan within 8 days of time and they disbursed the loan amount within the time period. The customer support service is good with the Indus ind bank . The rate of interest and the charges are average with the Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 22, 2018
    • IndusInd Bank Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Indusind Bank. The customer services are good and they are responsive. They completed the process on time and the best was they offered a lower rate of interest. I got a rate around 13% and the processing charges are normal.
      Was this review helpful? 0
      , shimoga
      Reviewed on Mar 08, 2018
    • IndusInd Bank Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a Car loan with IndusInd bank and my loan experience was very good. The loan amount was for Rs 10.5 lakhs with the rate of interest of 11% which is nominal when compared to all other banks. Customer service was good and they collected documents on time. My loan amount was based on the on-road price. The tenure of this loan is 5 years and they charge 2.5% on preclosure and part payment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 26, 2018
    • IndusInd Bank Car Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Indusind Bank and it was a smooth process. The customer services was good, my documentation was collected on time and the process was also convenient. The rate of interest and processing charges is also normal. Overall good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • IndusInd Bank Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Indusind bank. It was a good process to get the loan. The rate of interest looked decent at that moment so I went ahead for the loan. I had been paying my EMI correctly every month for the last four years so I did not have any issues in between.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 19, 2018
    • IndusInd Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The interest rate offer by Indusind car loan department was 14 % ,I feel it is little high compared to others. But the loan disbursement was on time and they offer me with 5.98 lakhs as a loan amount for my Hyundai Xcent car. It was a average service from Indusind car loan team.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 09, 2018
    • IndusInd Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The bank approach is excellent with the Indus ind bank. The explanation of the product is excellent from the Indus ind bank. The customer support and the response is good here and they have supported me a lot to avail a car loan from them. The rate of interest and the charges are average with the Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 07, 2018
    • IndusInd Bank Car Loan
      "Car loan from INDUSIND BANK"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from INDUSIND BANK . the approved loan amount was 5 lakhs . The rate of interest with the bank is 9 %. The total tenure was for 36 months with an EMI of 18000. The customer service and response during the application was good. The documentation part was really done well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 01, 2018
    • IndusInd Bank Car Loan
      "Car loan with INDUSIND BANK LTD"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from INDUSIND BANK . the approved loan amount was 20 lakhs . The rate of interest with the bank is 9 %. The total tenure was for 36 months with an EMI of 50000. The customer service and response during the application was good. The documentation gone well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 01, 2018
    • IndusInd Bank Car Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I took my car loan with Indusind Bank before 3 years and it was closed. I have purchased Swift car, they offered me 6L. The loan process was immediate. The rate of interest and charges are normal like other banks. It was easy to foreclosing my car loan. The documents are collected by the executive at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 27, 2018
    • IndusInd Bank Car Loan
      "Recommedable car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from INDUSIND BANK. The approved loan amount was 3 lakhs 20 thousand. The monthly EMI is 13500 for 3 years. The documentation process done well. i have already started paying my EMI. The interest rate is 11.5% with no processing fee.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 19, 2017
    • IndusInd Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It been 3 months gone and 3 emis i have paid the the car i took from the INDUSIND Bank .i was given a Full approval on the amount i asked for from the bnak .the money got Disbursed in 1 days time that was one thing i liked . the Customer service was really good from the bank side . the Rate of interest was low as compared to other banks and the Processing fee was there but minimal as compared to other banks . the Customer service is really good i received form the bank side . the bank did not provide me Pre closure option actually they did not tell about that to me .
      Was this review helpful? 1
      , una
      Reviewed on Dec 01, 2017
    • IndusInd Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My car loan was taken with INDUSIND bank which was taken 2.5 years back. The loan amount was 3 lakhs and the interest rate was just 7% which was very low than other banks in the market . I am satisfied with the customer service and responsiveness also. The pre closure is after 3 months . I had a very smooth loan process so my experience was satisfactory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
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