IndusInd Bank Car Loan in Hyderabad

About IndusInd Bank Car Loan in Hyderabad

The IndusInd bank is one of the trusted and leading private sector banks in India. The bank was set up in the year 1994 and it is the new generation banks of the country.The bank offers the best and world-class products and services to the people. The car is one of the things in which we spend a hefty amount of money. But it is not always necessary that we will be able to save the total amount. For such situation, IndusInd bank has specially designed the car loan product which will fulfill the financial requirements to buy the car.

IndusInd Bank Car Loan in Hyderabad at a glance

ParticularsDetails
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 Hyderabad.

Address of IndusInd Bank Branches in Hyderabad

Branch NameAddressIFSC CodeMICR Contact Details
Secunderabad1 - 8 - 448, Sardar Patel Rd. Begumpet, Secunderabad – 500003INDB0000004500234002040 27907660 / 64 / 65, 55326221 27907673
Banjara Hills8 - 2 - 541, Meridian School Road, Road No. 7, Banjara Hills, Secunderabad – 500034INDB0000504500234002040 23354567 / 8 23354567
MiyapurUpper Ground Floor, H. No. 1 - 248, Miyapur, Bollaram Cross Road, Hyderabad 500 052INDB0000289500234010040-23041632, 23041690
KarkhanaGrd Flr, #3/1/101, Moti Valley, Next To Devi Shetty Hospital, Tirumalgiri, Karkhana, Secunderabad 500 009. INDB0000290500234007040 - 27742025 / 26 / 27
SomajigudaGround Floor, 6 - 3 - 1239/2, Amar, Raj - Bhavan Road, Somajiguda, Hyderabad - 500 082INDB0000320500234008040-23312980 - 85
Tolichowki, HyderabadGround Floor, Golden Chambers, Old Mumbai Highway, Opp.ioc, Toli Chowki, Hyderabad- 500 008, Andhra PradeshINDB00003565002340111860 500 5004
Kukatpally HyderabadBhagyanagar Complex, H.no 12 6 11 By 4, Sy.no.581, Main Road, Kukatpally, Hyderabad 500 072, ApINDB000056950023401365080150
A S Rao Nagar HyderabadGrd Flr Gayatri Arcade No 5 Thyagaraya Nagar A S Rao Nagar Kapra Hyderabad 500062 TelanganaINDB000074050023401527135526

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