IndusInd Bank Car Loan Chennai Eligibilit- Wishfin

IndusInd Bank Car Loan in Chennai

About IndusInd Bank Car Loan in Chennai

The car loan is called as the personal loan as it is used to meet the personal demand to own a car. The car loan helps the borrower with the financial situation by lending them the amount so that they are able to purchase the dream car. IndusInd bank provides the car loan at affordable rates and gives other benefits as well. So, it is one of the best option to be the car owner.

IndusInd Bank Car Loan in Chennai at a glance

Interest RateAs per bank's guidelines
Loan amount85% of the showroom value.
Depend on the income and profile of the applicant.
TenureFor new vehicles - 3 years
Processing feeNil
Pre- payment chargesAs per bank’s norm

Eligibility Criteria

  • Eligible Segments – Individuals, professionals, reputed firms and companies
  • The age of the applicant should be between 21- 60 years for salaried individuals and 21- 65 years for self- employed.
  • Minimum annual gross salary of the individuals should ₹ 2.50 lakh for salaried individual and minimum net profit for the self- employed should be ₹ 2 lakh.
  • The salaried individuals Should have minimum work experience of 3 years and at least 1 year with the current employer.
  • The self- employed should have the minimum experience of 3 years in the current business or professions.
  • The applicant must have the residential stability. The minimum stay in the city should be at least 3 years and the minimum stay of 1 year in the current residing house.
  • The CIBIL score should be 600 and above. Should not have negative or caution profile.

Documents Required

  • 1 passport size photograph
  • Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self-attested)
  • Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
  • Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months.
  • Bank Statement: Income statement, balance sheet, and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual)
  • Business Proof: CST Certificate/ Labour act, Shop establishment act/SSI certificate, Proof of ownership of the entity, Rental deed/ Utility deed in the name of the company.

To get more information, Click Car Loan Chennai.

Address of IndusInd Bank Branches in Chennai

ChennaiNO.3 Village Road Nungambakkam, Chennai - 600034INDB0000007600234002044 28234788 / 99 / 28235471 / 28259150 28235489, 28259253, 28203638
Anna NagarAl Complex, W 115 A, 3rd Avenue, Annanagar, Chennai 600040INDB0000046600234003044 5218 0926/27/28 42180924
AdyarSreela Terrace, Old No. 48, New No. 105, 1st Main Road, Gandhi Nagar, Adyar, Chennai - 600020INDB0000051600234004044 52607575 - 79 52607577
Ashok Nagar, ChennaiGround Floor, No42, 10th Avenue, Ashok Nagar, Chennai - 600083 Tamil NaduINDB0000177600234009044-24851067/68/69/71/72 24851070
Teynampet30, OLD NO.159, Eldams Road, Teynampet, Chennai 600 018INDB0000315600234013044- 24315630 - 35
T Nagar, Chennai5/6 Old No.3/2 Swetambar, Bazullah Road, T Nagar, Chennai 600 017INDB0000328600234013044 - 2815 6931/32/34/35/38
Kilpauk, ChennaiGround Floor, New No 9, (old No 5), Balfour Road, Kilpauk, Chennai- 600 010INDB0000361600234017044-26420409/0423/0436/0468
Aminjikarai, ChennaiGround Floor At No. 1& 3, Lakshmi Ammal Street, Ayyavoo Naidu Colony, Aminjikarai, Chennai 600 029, Tamil NaduINDB00003816002340151860 500 5004
Medavakkam, ChennaiGround Floor, G-3, Ragamalika, Phase-ii, # 150, Tambaram Velachery Main Road, Medavakkam, Chennai- 600 042, TNINDB0000388600234016044 22770972/0981/0989/0968
East Mogappair ChennaiG 3, Block 1, Amm Towers, No 50, Thiruvallur Main Rd, East Mogappair, Chennai 600 037, TNINDB000056760023401826568485
VelacherryGround Floor, Dev Apartments # 28a/1, Venkateshwara Nagar, 100ft Bye Pass Road, Velachery, Chennai- 600 042, Tamil NaduINDB0000606600234019044 - 22590228, 22590268, 22590235, 22590284
Royapettah ChennaiUpper Grd First Floor Door No 151 Old Door No 90 Avvai Shanmugam Salai Royapettah Chennai 600 014 TNINDB000080360023402049527607
West Anna Nagar2067 13TH Main RoadINDB00008226002340219176599773
Chinmaya Nagar ChennaiGrd Flr Dr Ksv Towers New No 30 Kaliamman Koil Street Chinmaya Nagar Koyambedu Chennai 600092 TnINDB000085460023402224792569
Nelson Manickam Road ChennaiGround Floor Priyan Plaza 76 Nelson Manickam Road Chennai 600029 Tamil NaduINDB000086060023402323741315
K K Nagar ChennaiFirst And Second Floor K Karunanidhi Building 877a Ramasamy Salai Kk Nagar Chennai 600078 TamilnaduINDB00009316002340249840740267
Perungudi ChennaiGrd 1st Flr Plot No118 Old Mahabalipuram Road Omr Perungudi Chennai 600096 Tamil NaduINDB000093260023402524962391

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%