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  • IndusInd Bank Car Loan is Rated as "Great!" by 132 Users

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    Car Loan BYTES FROM OUR KITCHEN
    rated 4.0/5.0 by 132 users

    IndusInd Bank Car Loan

    IndusInd Bank Limited is a Mumbai-based, new-generation bank in India, established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank is the first among the new-generation private banks in India. Generating first of kind services/innovations which further improve a customer's banking experience is the key driver towards this. The bank prides itself on having been able to understand its customers' needs and provide solutions based on that. When you want to purchase your dream car, let finances not be the stumbling block. Drive home in your dream car with the IndusInd Bank Car Loan. The bank offers quick and easy processing and flexible repayment option in addition to attractive interest rates. Read on to learn about the eligibility and documentation requirements for the IndusInd Bank Car Loan.


    You’re probably eligible for a IndusInd Bank Car Loan if you are

    01
    02
    03
    04
    IndusInd Bank Car Loan Minimum Age

    At least 21 years old

    IndusInd Bank Car Loan Maximum Age

    Less than 60 years old

    IndusInd Bank Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    IndusInd Bank Car Loan Minimum Income

    Earning more than the minimum
    income required


    Your IndusInd Bank Car Loan amount eligibility is based on these factors

    01
    02
    03
    IndusInd Bank Car Loan Minimum Salary

    Minimum required income is Rs. 2,50,000/-
    per annum

    IndusInd Bank Car Loan Maximum Loan to Value

    Loan capped @
    80% to 90% of the ex-showroom price

    IndusInd Bank Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible IndusInd Bank Car Loan amount by these steps

    01
    02
    IndusInd Bank Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    IndusInd Bank Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an IndusInd Bank Car Loan

    • 1. Signed application form with photograph
    • 2. Photo ID and age proof
    • 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

    IndusInd Bank Car Loan Interest RatesUpdated on 23 Sep 2018

    IndusInd Bank Car Loan Details
    MCLR 8.95%
    Loan Tenure 4 years

    IndusInd Bank Overview

    IndusInd bank is a new generation Indian bank based in Mumbai. Founded in 1994, IndusInd is a BSE-listed scheduled bank providing banking and financial services across India. With a footprint of over 1000 branches and more than 1800 ATMs spread far and wide across the country along with representative offices in London, Dubai, and Abu Dhabi, IndusInd offers a wide range of financial products and boasts of a diverse customer base.

    Apply for Car Loan Online

    IndusInd Bank, as part of the Hinduja group conglomerate, made its humble beginning with a capital base of Rs.10 crore. Since then, the bank has achieved many milestones to create a niche for itself in the Indian banking industry. As a brand, it is ranked 19th amongst the Top 50 Most Valuable Indian Brands in 2014 as per the BrandZ Top 50 rankings and remains a powerful banking brand in India.

    The bank offers various personal financial products such as accounts,deposits, loans, insurance, cards, investment services and forex. IndusInd Bank is known for using technology to provide innovative services like video branch,cash on mobile etc.

    In addition to the above, IndusInd Bank also competes in the NRI, Business & Commercial and Corporate banking space.

    Financing car ownership is quite a trend in India. Easy access to credit coupled with sound repayment capability have made car loans a trendy channel to own cars.

    About IndusInd Bank Car Loan

    The bank offers loans for cars at attractive interest rates and favorable terms. IndusInd Bank Car Loan interest rates are known to be competitive and one of the lowest in the market. Some of the key highlights of applying for a car loan with IndusInd Bank are listed below.

    • Quick loan processing turnaround time with minimal documentation.
    • Tenure of repayment ranges from 12 to 60 months.
    • Transparent paperwork with no hidden costs.
    • An efficient customer service team for assistance.
    • No collateral/guarantor required.

    Why choose IndusInd Bank Car Loan?

    IndusInd Bank Cars Loans are known for their customer-friendly features and post-sales service. With low interest rates and hassle free application, and minimal pre closure charges, owning your dream car has never been so easy. The pre closure charges are minimal and loan servicing can easily be done by calling the customer service or by visiting one of the branches within the bank’s ever growing, massive network.

    A customer can also access car loan information, generate statements, make payments on their web portal. These services are available to the customers at no additional charges.

    Perfect Car Loan Deals for you

    Features of IndusInd Bank Car Loan

    Minimal Documentation

    With little paperwork, you don’t have to worry about gathering multiple documents or running around for photocopies.The designated representatives will help you manage the application procedure with ease.

    Quick Access to Funds

    IndusInd Bank respects your time and processes car loan applications quickly.Since the bank understands the urgency when you are planning on buying your dream car but are running short on money, your loan application will be processed within as less as 48 hours. You can learn about the status of your loan in 2 days, and the funds will be transferred to your bank account as quickly as possible.

    Transparency

    All rates, fees and charges are communicated up front. There are no hidden charges whatsoever.

    Special Rate of Interest for Account Holders

    IndusInd Bank offers special rate of interest on car loans for existing customers. Exclusive schemes are extended for salary account holders and corporate customers.

    Maximum Financing

    Upto 90 % of the ex showroom price of the car is financed by IndusInd which means less burden on you. The down payment will be nominal.

    Simple Online Application

    With the hassle-free online application process, you will be able to apply for a IndusInd Bank Car Loan from the comfort of your home.

    Financing for a Wide Range of Cars

    The bank offers financial aid to customers who are planning to buy a four-wheeler. Using this scheme, individuals can receive a car loan for a wide variety of vehicles.

    IndusInd Bank Car Loan Interest Rates

    As per the mandate by Reserve Bank of India (RBI), IndusInd Bank uses the MCLR (Marginal Cost Based Lending Rate)system to determine the applicable rate of interest on all its retail loan products which includes car loans.

    The interest rates for vehicle loan to individual borrowers have been provided below.
    Type of VechicleInterest Rate Range
    Small commercial vehicles 12% to 28%
    Passenger cars 10.65% to 15.50%
    Construction equipment 10.60% to 15%
    Light commercial vehicle 10.65% to 16%
    Medium and heavy commercial vehicles 10.60% to 15%
    Multi Utility Vehicles (MUVs) and Jeeps 10.60% to 16%
    Tractors 13.70% to 23.50%
    Used/pre-owned vehicles 14% to 21%

    The current MCLR rates effective from 17 February 2018 are mentioned below in the table:

    TenureMCLR
    Overnight 8.45%
    1 month 8.50%
    3 month 8.80%
    6 month 9.05%
    1 year 9.10%
    2 year 9.15%
    3 year 9.20%

    The interest rate for car loan is currently not available on the website. Visit the nearest branch or call the customer service to get further details.

    Note:The MCLR is subject to periodic revision as per bank’s credit policy and RBI’s quarterly reviews. Make sure to confirm with the bank on prevailing rates at the time of applying and choose the terms accordingly.

    IndusInd Bank Car Loan Eligibility

    There are various eligibility factors that should be met in order to qualify for a car loan from IndusInd bank.

    • Minimum age of 21 years
    • Maximum age for salaried employees is 60 years and self-employed individuals is 65 years
    • Regular income from salary or self employment
    • Income should at least be Rs.2.5 lakh per annum for salaried persons
    • Minimum income for self-employed individuals should be Rs.2 lakh
    • In case of businesses, minimum net profit should be Rs.2 lakh every year along with business stability
    • Stability of residence with 3 years in the city and at least 1 year in the current residence/permanent residence
    • Job stability and work experience in case of salaried applicants
    • Good credit score and no defaults on previously held loans

    Other forms of personal debt such as outstanding credit card dues, loan EMIs and other liabilities can affect the car loan application. Ensuring up to date payments and a good credit history will have a positive bearing at the time of processing the car loan application.

    At the time of processing the application, all dues payable per month are deducted (EMIs, house rent, credit card dues) from the net salary or income to determine monetary eligibility.

    Documents Required for IndusInd Bank Car Loan

    • Duly filled car loan application form
    • 1 passport-sized photograph
    • Self attested copy of identity proof such as Passport, Voters’ ID, Driving licence, Aadhar card, or PAN card
    • Self attested copy of proof of residence such as Passport, Driving license, Voters’ ID, Aadhar card, or utility bills.
    • Bank statements for 6 months immediately before the date of application
    • Salaried  employee - Self attested copy of proof of income such as Income Tax Returns (ITR) for the last 2 years or salary slips for 3 months prior to the application date
    • Self-employed person (income based)
      • Self attested copy of business proof such as CST certificate, proof of ownership of entity, SSI certificate, rental deed, or utility deed in the name of the company
      • ITR for the past 2 years for proof of income
    • Self-employed person (non-income based) - Self attested copy of proof of business such as CST certificate, SSI certificate, proof of ownership of entity, rental deed, utility deed in the name of the company

    Please note that the applicants will have to provide the original copy of the documents before submitting the loan application for verification purposes.

    How to calculate EMI for IndusInd Bank Car Loans?

    Equated monthly installments or EMIs can be easily determined with the help of IndusInd Bank Car Loan EMI Calculator . This tool helps applicants plan their car loan by determining monthly installment amount.

    • Before using the calculator, you need to know the car loan amount, interest rate(%) and processing fee(%) to find your Car Loan EMI amount per month.
    • After gathering the required information, use the sliders to freeze the “Loan Amount” and “Tenure” of the car loan. The selected outputs are displayed at the end of the slider scale for your convenience.
    • In the third line after the sliders, key in the interest rate and processing fee, both in percentage and click the “Calculate” button right below.

    The results are displayed instantly. The elaborate break up provides the EMI amount followed by a graphical representation of the loan amount, interest payable and processing fee. Understanding this data helps in making quick decisions while availing a car loan from IndusInd Bank.

    IndusInd Bank Car Loan FAQs

    1. For what purpose can I take a car loan from IndusInd Bank?

      You can take a car loan from IndusInd Bank for the purpose of buying a car for personal or commercial use.

    2. What type of cars are covered under the IndusInd Bank vehicle loan scheme?

      The type of cars that are covered under the IndusInd Bank vehicle loan scheme are - Small commercial vehicles, passenger cars, light commercial vehicles, medium and heavy commercial vehicles, multi - utility vehicles (Jeep) and Tractors.

    3. Does IndusInd Bank provide car loan for used or preowned cars?

      Yes, IndusInd Bank provides car loan for used for preowned cars.

    4. What is the interest rates on car loans offered by IndusInd Bank?

      The interest rates on car loans offered by IndusInd Bank differ based on the type of car you are taking the loan for. Please contact the bank to know the present rate of interest.

    5. Can I track my IndusInd Bank car loan application status online?

      Yes, you can track your IndusInd Bank car loan application status online. To track you have to visit the website of the bank and click on ‘Vehicle/ MSME Loan’ under ‘Loan’ in the Personal Banking tab on the homepage. On clicking, you will be redirected to another page where you will find the option for tracking your application status.

    6. Do I have to provide any documents when I apply for IndusInd Bank Vehicle Loan?

      Yes, you have to provide the KYC documents asked by the bank when you apply for IndusInd Bank Vehicle Loan.

    7. Do I have to submit my income proof to avail a car loan from IndusInd Bank?

      Yes, you have to submit your income proof to avail a car loan from IndusInd Bank.

    8. Am I allowed to apply for a car loan from IndusInd Bank online?

      Yes, you are allowed to apply for a car loan from IndusInd Bank online.

    9. How to apply for IndusInd Bank vehicle loan online?

      To apply for IndusInd Bank vehicle loan online, you have to open the bank’s website and click on ‘Vehicle/ MSME Loan’ under ‘Loan’ in the Personal Banking tab on the homepage. On clicking, you will be redirected to another page where you will find the ‘Apply Now’ option. Click on that option and fill in the required details. The bank’s executive will call you up and guide you further.

      You can also click on ‘Car Comparison’ on the vehicle loan page of the IndusInd Bank website and a new window will open, where you can apply for a car loan.

    10. What is the maximum tenure for which I can take a car loan from IndusInd Bank?

      The maximum tenure for which you can take a car loan from IndusInd Bank is 60 months.

    11. What is the minimum tenure for which I can take a car loan from IndusInd Bank?

      The minimum tenure for which you can take a car loan from IndusInd Bank is 12 months.

    12. Can I pay my IndusInd Bank car loan EMI online?

      Yes, you can pay your IndusInd Bank car loan EMI online every month using the ‘Vehicle Loan Repayment’ service of the bank. You can find this option on the right hand corner of the bank’s website under ‘Other Online Services’ section.

    13. How to pay the IndusInd Bank car loan EMI online?

      To pay the IndusInd Bank car loan EMI online, you have to first register yourself for ‘Vehicle Loan Repayment’ service of the bank and link your car loan account with it. Then you have to open the bank’s website, click on ‘online loan payment’ and login using the id and password using which you registered for the service. After this, you have to enter the amount that you have to pay and click on ‘Submit’. The Bill Desk portal will open when you click on ‘Submit’ and you can choose the bank account using which you wish to make the payment. When you confirm the payment, the money will be debited from your bank account and you will receive an online confirmation. The payment will be processed in 3 working days.

    14. Can I pay the IndusInd Bank car loan EMI through cheques or ECS?

      Yes, you can pay the IndusInd Bank car loan EMI through cheques or ECS.

    15. Does IndusInd Bank allow their car loan applicants to compare cars on their website?

      Yes, IndusInd Bank allows their car loan applicants to compare car on their website.

    16. How to compare cars on IndusInd Bank website?

      To compare cars on IndusInd Bank website, you have to open the bank’s website and click on ‘Vehicle/ MSME Loan’ under ‘Loan’ in the Personal Banking tab on the homepage. On clicking, you will be redirected to another page where you will find the option for comparing cars. Click on ‘Car Comparison’ and a new window will open where you can compare the different cars.

    17. Does the website of IndusInd Bank have a car loan EMI Calculator?

      Yes, the website of IndusInd Bank has a car loan EMI calculator. Using this calculator you can calculate the amount of loan you have to repay the bank every month before applying for the car loan.

    18. What is the processing fee for car loans offered by IndusInd Bank?

      The processing fee for car loans offered by IndusInd Bank is 1 percent of the loan amount. Only in case of tractors and small commercial vehicles, the processing fee is 2 percent of the loan amount.

    19. What is the documentation charge for IndusInd Bank car loans?

      The documentation charge for IndusInd Bank car loans is up to Rs.5000 per vehicle. Only in case of tractors and small commercial vehicles, the documentation charge is up to Rs.3000 per vehicle.

    20. Are the processing and documentation fees for car loans charged by IndusInd Bank refundable?

      No, the processing and documentation fees for car loans charged by IndusInd Bank are not refundable.

    21. How much does IndusInd Bank charge as Loan Handling Fee for cars loans?

      IndusInd Bank charges up to 5 percent of the car loan amount as Loan Handling Fee.

    22. In case of car loan cancellation, how much does IndusInd Bank charge?

      In case of car loan cancellation, IndusInd Bank charges Rs.1500 per case.

    23. Can I prepay the car loan I took from IndusInd Bank?

      Yes, you can prepay the car loan you took from IndusInd Bank.

    24. Does IndusInd Bank charge a prepayment penalty?

      Yes, IndusInd Bank charges up to 5 percent of the Principal outstanding as prepayment penalty.

    25. I have borrowed a car loan from IndusInd Bank. Can I avail a duplicate NOC from the Bank?

      If you have borrowed a car loan from IndusInd Bank, you can avail a duplicate NOC from them. You will have to pay a fee for the same. For issuing the duplicate NOC, the bank charges Rs.500 per car.

    26. Does IndusInd Bank charge any fee for CIBIL report?

      Yes, IndusInd Bank charges Rs.50 for CIBIL Report.

    27. Does CIBIL score help borrowers get a car loan from IndusInd Bank?

      Yes, if borrowers have a high CIBIL score and a good credit history, then they have more chances of getting a car loan from IndusInd Bank.

    28. How much time will IndusInd Bank take to process my car loan applications?

      IndusInd Bank is well known for fast processing of their car loan applications.

    29. When will the bank verify and approve my car loan?

      Once you submit all the required documents and provide the necessary documents, the bank will see if you are eligible for the loan and verify the information and documents you provided to check if they are correct or not. If you pass the verification round, the bank will approve your car loan and the money will be disbursed very quickly.

    30. How can I get more details about IndusInd Bank car loan?

      You can get more details about IndusInd Bank car loan from the customer care service of the bank. To get in touch with them, please give a missed call on 1800 532 3344 from your phone and they will contact you at the earliest and provide you with all the information you need. You can also visit any branch of the bank for this purpose or speak to the bank using the video call facility online on their website.

    IndusInd Bank Car Loan Reviews

    • 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? 3
      , 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? 1
      , 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? 5
      , 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-himachal pradesh
      Reviewed on Dec 01, 2017
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