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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  • Car Loan Reviews

    • 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
    • IndusInd Bank Car Loan
      "Pretty fast process"
      0.5 5.0/5 "Blown Away!"
      The officials of the IndusInd bank explained the procedure clearly when I submitted my documents to thme for taking a car loan. The overall process was pretty fast as the loan got sanctioned in just 2 days. With the help of the loan I took a maruthi suzuki alto car.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 10, 2016
    • IndusInd Bank Car Loan
      "Excellent response timing and definitely recommendable"
      0.5 4.0/5 "Great!"
      I had recently bought a car and when I took it from the showroom they had a tie up with IndusInd bank and hence I took the car loan with them. Their interest rate was 9.45% with no processing fee and they processed it in 3 days. The executive came home and collected all documents and verification took place on the same day. It was a very smooth process.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Apr 29, 2016
    • IndusInd Bank Car Loan
      "Not satisfied.."
      0.5 2.0/5 "Expected more"
      Very high rate of interest and customer service is not good. Before taking the loan they are ready to come home but after the loan process no one reverted. IndusInd bank has disbursed the car loan in a week time. Fore closure charge is close to 3 to 4% and this is not fair at all. No banks are taking fore closure where IndusInd bank is taking.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 03, 2016
    • IndusInd Bank Car Loan
      "Good follow up made "
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with Indusind bank based on the car loan process.The customer follow up made is the positive end of the bank.The interest rate applied was around 115% for the car loan.That was a transport vehicle.I don't have any suggestion for the banks
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jan 15, 2016
    • IndusInd Bank Car Loan
      "smooth..."
      0.5 4.0/5 "Great!"
      IndusInd bank is better because they give extremely good customer support and interest rate is best than other financial companies. Foremost thing is that their service. If I put any query via mail they use to revert very fast. Car loan process was smooth.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 23, 2015
    • IndusInd Bank Car Loan
      "Fast process "
      0.5 5.0/5 "Blown Away!"
      The process was really good with indusind Bank based on the car loan application being submitted.The process was completed within 2weeks of time .The response provided was really good.I will recommend the service to others about the car loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 26, 2015
    • IndusInd Bank Car Loan
      "Completed"
      0.5 4.0/5 "Great!"
      I have taken my car loan from INDUSIND where I completed now. With in 48 hours they have processed my application. One year back I have taken this and I made a pre closing with them. For pre closing this loan I got some offers too.
      Was this review helpful? 0
      , kakinada
      Reviewed on Nov 12, 2015
    • IndusInd Bank Car Loan
      "My feedback"
      0.5 4.0/5 "Great!"
      My dealer has recommended this INDUS IND Bank so I had taken a car loan form them. I have applied for the car loan. The service offered by them was not good it is not as good as INDUS IND. However I am very much eligible to take the loan from INDUSIND therefore I had taken that.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 12, 2015
    • IndusInd Bank Car Loan
      "Excellent!!!"
      0.5 5.0/5 "Blown Away!"
      IndusInd provided a very prompt response and good service. Within 2 days the approved my car loan. Documentation part was good within 1 day the verification was done. Interest rate was flat 6.2% and the charged 1000Rs which is very minimal. IndusInd is good I do not have any comments.
      Was this review helpful? 3
      , ranchi
      Reviewed on Oct 06, 2015
    • IndusInd Bank Car Loan
      "Very high interest rate"
      0.5 3.0/5 "Satisfactory"
      Indusind Bank interest charge for the used car loan is much higher when compared to other bank offers. Even while discussing about the loan offer I found that their processing fees is also much higher than other banks. I do not recommend any one to apply used car loan in Indusind Bank.
      Was this review helpful? 0
      , berhampur
      Reviewed on Sep 26, 2015
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    IndusInd Car Loan Eligibility Calculator is Rated as "Great!" by 99 Users

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    Car Loan BYTES FROM OUR KITCHEN

    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.

    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.

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