IDBI Car Loan | Interest Rates | Documents | Information

IDBI Bank Car Loan – best Interest rates for Cars loans. Check Documents, EMI and Eligibility for IDBI Car Loan. Offers loans at 10.25%, the lowest in the market, and waives off the Rs 1,000 processing charge.

Features of IDBI Car Loan: -

  • Maximum Funding
  • Covers wide range of vehicles and high end bikes
  • Repayment period up to 60 months.
  • Repay with easy EMIs.
  • Hassle-free documentation.
  • Attractive Interest rates.
  • Tie-ups with Dealers and Manufacturers

Compare & Apply for Best Car Loans from Top 10 Banks

Minimum Salary: 2.5 Lakhs * | Offers for 100% finance * | Lowest Rates of 10.45% *
Professional Details
Loan Amount:
Occupation:
Annual Income:
City:

Interest Rates of IDBI Car Loan:

Auto Loan (Floating )
MUV Segment ROI(%) p.a
MUV Segment

10.25% p.a
(Linked to BR)

For all other vehicles

10.25% p.a
(Linked to BR)

Click to Compare other banks Interest Rates

Eligibility of IDBI Car Loan: -


Salaried:

  • Min age of the applicant: 22 years.
  • Max age of the applicant: 65 years.
  • Min. 2 years in service.
  • Min. Annual Income of Rs. 1,50,000/-
  • Income proof: Salary Slip, Form 16/ ITR, Bank statement showing salary credit.

Self-Employed Professionals:

  • Min age of the applicant: 22 years.
  • Max age of the applicant: 65 years.
  • Min. 2 years in profession.
  • Min. Annual Income of Rs. 1, 50,000/-
  • Income proof: for Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statement.

Documents:

Age Proof:  

  • School Leaving Certificate
  • Passport
  • Driving License
  • Election ID Card
  • Birth Certificate
  • LIC Policy
  • PAN Card
Address Proof:  

  • Passport
  • Driving license
  • Election Id card
  • Telephone Bill/Electricity Bill
  • Title deed of property/Rental Agreement
  • Employers letter
  • Sales Tax RC/ITR/Form 18
Identity Proof:  

  • Passport
  • PAN Card
  • Election Id card
  • Driving License
  • Photo Credit Card
  • Employers ID Card
  • Income Proof: Latest 2 months salary slips; Form 16/ ITR for last 2 years; Bank Statement reflecting salary credits for 4 months.
  • Bank Statement: – Income Statement, Balance Sheet and ITR for last 2 years, Bank Statement for 6 months.

Processing Fees: -
For Segment A & B Vehicles: Rs. 2500 + applicable service tax
For Segment C & D Vehicles: Rs. 5000 + applicable service tax.

Documentation charges: -
As per actual car cost.

Other Available Products of IDBI:


Disclaimer: This information is sourced from Bank's Website to help customers to gain information on Banks product.