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Are You Planning to Take a Loan to Buy Your Dream Car?
Posted on Friday, December 6th, 2024 | By IndusInd Bank
Summary: From attractive interest rates to flexible repayment tenures, IndusInd Bank offers a smooth financial journey towards achieving your dream car. Follow these easy steps to procure a car loan.
Owning your dream car is an exhilarating experience that many of us eagerly anticipate. However, financial constraints can often pose challenges to this aspiration. A car loan can help you own your dream car without years of waiting or depleting your savings. IndusInd Bank stands out as the ideal choice for those seeking a hassle-free and customised car loan experience However, taking a car loan is a significant step that requires careful planning and consideration. Continue reading to discover the features, benefits, and steps involved in applying for an IndusInd Bank car loan.
How To Apply for A Car Loan with IndusInd Bank?
Follow these steps to initiate the car loan application process with IndusInd Bank:
- Head to our webpage and click on the “Apply now” button.
- Select the suitable car loan option based on your requirements.
- Provide basic information, such as your name, mobile number, PAN, and Pincode.
- Once you have submitted these details, an IndusInd Bank representative will get in touch with you to discuss the application process.
Alternatively, you can reach us via:
- Phone: Call us at 18001023333
- Visit any of our branches – locate the nearest one here
- Email: Send your inquiry to reach4loan@indusind.com
IndusInd Bank Car Loan Eligibility Criteria and Documentation
For Salaried Individuals
Eligibility
- Minimum annual income of INR 2.5 lakhs
- Age must be between 23 to 60 years
- Employment stability of a minimum of 3 years, with at least 1 year in the current job
- Residency requirement of 2 years in the city and 1 year in the current residence / no stability required in case you own your house
Documents Required
- Latest Form 16 / Income Tax Returns
- Last 3 months’ salary slips
- Last 3 months’ bank statements
For Self Employed Individuals
Eligibility
- Minimum annual income of INR 3 lakhs as per the latest ITR
- Age must be between 23 to 65 years
- Business stability of at least 3 years
- Residency requirement of 2 years in the city and 1 year in the current residence (stability not required for own house)
Documents Required
- Latest 2 years’ Income Tax Returns with IT computations
- Last 3 months’ bank statements
- Business Incorporation Certificate / Business Proof
IndusInd Bank Car Loan Benefits
The benefits of IndusInd Bank car loan are as follows:
| Attractive Interest Rates | Offers competitive interest rates tailored to fit your financial situation |
| Flexible Repayment Tenure | You can choose a flexible repayment period of up to 60 months |
| Efficient Loan Processing | Experience a quick and easy documentation process with doorstep assistance |
| Full Financing Available | Obtain up to 100% financing for new car loans with affordable EMI options (This offer, however, is subject to conditions related to the vehicle cost & credit parameters.) |
Use IndusInd Bank Car loan EMI Calculator
Ease your financial planning with the IndusInd Bank Car Loan EMI calculator. Simply put in the loan amount, tenure, and interest rate to calculate your monthly EMIs with precision. This tool eliminates the requirement for tedious manual calculations and maps out the repayment process for your convenience.
Accelerate your dreams with IndusInd Bank’s seamless car loan solutions. Apply for a car loan online today and drive into a world of possibilities!
Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.
