What is Consumer Finance Division (CFD)?

The Consumer Finance Division of the Bank is focussed on making credit available for all major vehicle loan categories ranging from a two wheeler to heavy earth movers or even tractors and farm equipment. We also specialise in affordable home loan financing. The CFD wing of the Bank is headquartered in Chennai and has significant presence in major geographies within the country.

What are the type of loans does CFD deal with?

We provide a range of flexible and easy financing options including but not limited to the following categories: New and pre-owned cars, two wheelers, construction equipment, new and pre-owned commercial vehicles in the small, medium, light and heavy segments, tractors and other farm equipment and home loans that are categorised as ‘affordable’ by the Bank.

How do I approach IndusInd Bank for a loan?

Our wide geographical presence gives you the convenience to walk-in to any of our branches <insert Branch Locator Link here>. Alternatively, you can also call our PhoneBanking unit at <a href="tel:18602677777">1860 267 7777</a> (24x7 Toll Free), 044454555555 (Two Wheelers), or write to us at <a href="mailto:reach4loan@indusind.com">reach4loan@indusind.com</a>. You could also approach our customer service teams that are stationed at various dealerships from where you intend to purchase your vehicle or builders where you intend to purchase your home. We also have a host of products and services that you can avail exclusively online. Click on the Apply Online tab to know more.

What is the difference between a fixed rate and a floating rate loan?

In case of a fixed rate loan, the rate of interest applicable on the loan remains the same over a period of time. Therefore fixed rate loans have a specific EMI that does not change due to market conditions. In case of a floating rate loan, the applicable interest varies periodically as per the decision of the bank based on the market conditions, thus the payable EMI on a floating rate loan may change from time to time.

How can I pay my EMIs?

We have a host of easy to use online options that you can use from the comfort of your home via even your mobile or handheld device. We would encourage you to set up an eMandate using NPCI’s safe and secure eNACH to automate your EMI payments on pre-specified dates without any kind of intervention. For this and other online modes of payment, click on the Make Payments tab on the homepage to know more. You could set up a standing instruction (SI) or opt for electronic clearing services (ECS). Offline modes of payment are also available – you could remit cash or pay by cheque at any of our CFD branches across the country or sign up for a NACH facility by filling up the NACH form and submitting it at any of our branches.

I don’t have an account with IndusInd Bank; can I still avail of loans?

Yes, you will be able to avail a loan without having a current or a savings account with us. But we would recommend that you switch to an IndusInd Bank savings or current account to avail our range of best-in-class services like customised account numbers, choice of currency at our ATMs and much more! Now with Video KYC and WhatsApp Banking facilities opening and operating your account is easier than ever before.

Pre-Owned Car Loan - Apply for Used Car Loan Online at Best Interest Rate

Used Car Loan EMI Calculator

IndusInd Bank offers personalised used car loans tailored to meet specific requirements. Calculate EMI for your dream car.

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I wish to avail a loan amounting at interest rate for approximately months only.

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Used Car Loan Benefits

IndusInd Bank not only offers the best used car loan deals, but also unmatched end-to-end service from pre-owned car research to title transfer till deal closure.

Attractive interest rates

Save costs with our unmatched & competitive interest rate offers.

Repayment tenure

Select from our wide range of loan tenures, offering easy and flexible repayment options of up to 84 months* based on credit score and eligibility.

Loan processing and documentation

Minimal paperwork with doorstep assistance and quick disbursement process.

Loan Offering

Get up-to 100%* finance on used car loans in a hassle-free manner with pocket friendly EMI options.

Used Car Loan Eligibility Criteria and Documentation

Salaried Individuals
Self Employed Individuals

Eligibility

We make your dream come true with minimal used car loan eligibility criteria. Helping you commute in your own dream car!

Minimum Age: 23 years
Maximum Age: Retirement age
Minimum Income: 2.5 lakhs per annum
Employment stability: Minimum 1 year in current employment
Residence Stability:1 year in the current residence and at least 2 years in the same city. / no stability required in case of own house

Document details

Asset Documentation:
- RC copy with original verified seal
- Valuation report & Vehicle inspection report
- Copy of Insurance Policy
Income Proof:
- Form 16
- Last 3 months' salary slips
- Latest Income Tax Returns
- Bank Statements
No Income Proof:
- 6 months' bank statements
- Business incorporation certificate/business continuity proof for last 3 years
- Owned residence stability proof

Eligibility

We make your dream come true with minimal pre-owned car loan eligibility criteria. Helping you commute in your own dream car!

Minimum Age: 25 years
Maximum Age: Retirement age
Minimum Income: 2.5 lakhs per annum
Employment stability: Minimum 1 year in current employment

Document details

Asset Documentation:
- RC copy with original verified seal
- Valuation report & Vehicle inspection report
- Copy of Insurance Policy
Income Proof:
- Latest Income Tax Returns
- Balance Sheet for the previous financial year
- 3 months' Bank statements
- Business Incorporation Certificate

Pre-owned Car Loan Schedule of Charges

Download Schedule of Charges

Disclaimer

By accessing the information on this website, you irrevocably agree to the terms and conditions specified below.

This website is owned and maintained by IndusInd Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. However, the Bank does not guarantee the accuracy, completeness and correctness of the information displayed in the website and disclaims any and all kind of liability, current or future, for any error made or omission committed with respect to information or material available on this Website and/ or linked website. No information contained herein has been independently verified by anyone else. The Bank owns all content displayed on this website including various logos, trademarks, service marks etc. unless indicated otherwise. Information may be downloaded from this website for noncommercial and personal use provided all copyright and other proprietary notices within downloadable content is retained. Distribution, reproduction, redistribution, modification, transmission, reporting and reusing any downloaded information for public or commercial purposes without the Bank’s written consent is prohibited. Any downloadable content shall not be used for illegal activities. This website does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person in any jurisdiction, including India and the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Any person placing reliance on the information contained in this website or any other communication by the Bank does so at his or her own risk and the Bank shall not be liable for any loss or damage (whether direct, indirect, consequential, loss of profits, business opportunities, etc.) caused pursuant to any act or omission based on or in reliance upon the information contained herein. The contents of this Website are provided on an "as is" basis and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this website. Past performance is not necessarily indicative of future results. Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates in the form as it has been disclosed in the Bank’s website. Parts of the website may contain documents that constitute forward-looking statements. Any opinion, estimate or projection herein constitutes a judgment as of the date of this website and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. All forward looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual results to differ materially include, among others, future changes or developments in the Bank’s business, its competitive environment and political, economic, legal, social and regulatory conditions. Given these risks, uncertainties and other factors, viewers of this website are cautioned not to place undue reliance on these forward-looking statements. The Bank disclaims any obligation to update these forward-looking statements to reflect future events or developments. The Bank may alter, modify or otherwise change in any manner the content of this website, without obligation to notify any person of such change or changes. The accuracy of this website is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. This Website may contain information sourced from third parties. The Bank is not responsible for the contents of or information offered by such third parties on this Website or linked website. Inclusion of such information on this Website does not imply any degree of endorsement by the Bank, regarding the quality of information provided or the nature of content provided by the third party. You or any third party accessing the Website irrevocably agrees to the exclusive jurisdiction of the courts at Mumbai in relation any matter connected or related to use or access of the Website and waives any objection to any proceedings on grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum. The governing law in such legal proceedings referred to above shall be the laws of the Republic of India.

*Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.

Pre-owned Car Loan FAQs

What is the maximum amount of used (pre-owned) car loan that I can avail from IndusInd Bank?

IndusInd Bank offers used (pre-owned) car loans of up to 100%* of the car value. The final offering might vary depending on factors such as vehicle cost & credit parameters.
What are the options available for making EMI Payments?

You can make EMI payments by one of the following ways:
- E-Mandate lets you automate your EMI Payments. To know more, Click here.
- Pay your EMIs seamlessly using our online payments gateway – click pay. To Pay now, Click here.
- Download our mobile app “IndusMobile”, for EMI payments.
- Text “collect my emi” to the WhatsApp number: +91 22 4406 666 to get instructions on how to pay EMI online.
- Remit cash or drop a Cheque at any of our CFD Branches. Click here to know your nearest branch
What are the documents required for a used car loan?

To process your loan, we need documents that can verify your identity & income details. Please visit our used car loan page (link to be updated once USED CAR LOAN page is LIVE) to understand the detailed list of documents required.
Are there any tax benefits associated with car loan?

Self-Employed professionals & Business owners can avail tax benefits from a car loan if the car is being used for business purposes.
What are the different repayment tenure options available for used car loan?

The repayment tenure options available range from 1 – 4 years and can be extended up to 5 years depending on the sole discretion of the bank.

Read more

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