Car Loan Indore
Here’s the List of Best Banks for Car loans in Indore:
| Bank Name | Address of Indore |
| Idbi Bank Limited | Alankar Chamber, Ratlam Koti, AB Road, South Tukoganj, Indore, Madhya Pradesh 452001 |
| Bank of India | Sanvid Nagar, Indore, Madhya Pradesh |
| Federal Bank Limited | 1/2, Joara Compound, M Y Hospital Road, M Y Hospital Road, Indore, Madhya Pradesh 452001 |
| ICICI Bank ATM | 8 Usha Nagar Extention, Annapurna Road, Indore, Madhya Pradesh 452009 |
| Corporation Bank | New Palasia, Old Palasia, Indore, Madhya Pradesh 452001 |
| Union Bank Of India | No. 1/3, Murai Mohalla, Sanyogita Ganj, Indore, Madhya Pradesh 452001 |
| Kotak Mahindra Bank | 580, M.G.Road,, Indore, 452001 |
| Bank Of India | Tilak Path Main Rd, Rambag, Indore, Madhya Pradesh 452006 |
| HDFC Bank | National Highway 3, Anand Nagar, Indore, Madhya Pradesh |
| Canara Bank | Microwave Tower Chouraha, Navlakha Branch, South Tukoganj, South Tukoganj, Indore, Madhya Pradesh 452001 |
| Union Bank of India | 30, Sneh Nagar, Patel Nagar, Main Road, Patel Nagar, Indore, Madhya Pradesh 452001 |
| Syndicate Bank | Laxmi Apartments, Gulmohar Colony No. 4, Kanadia Road, Indore, Madhya Pradesh 452001 |
| IDBI Bank-Vijay Nagar | Papalal Tower, AB Rd, Near Satya Sai Square,Near Satya Sai Chouraha, Vijay Nagar, Indore, Madhya Pradesh 452010 |
| State Bank of Indore | Bartan Bazaar, Cloth Market, Indore, Madhya Pradesh |
| Union Bank of India | 30, Sneh Nagar, Patel Nagar, Main Road, Patel Nagar, Indore, Madhya Pradesh 452001 |
| Bank Of India - Palasia | Race Course Rd, Near Janjeerwala Square, Opposite BBC, Mourya Center, Old Palasia, Indore, Madhya Pradesh 452001 |
| State Bank Of India Bank Manik Bagh Road | 30, Manik Bagh Rd, Manik Vilas Rd, Godha Colony, Palsikar Colony, Indore, Madhya Pradesh 452001 |
| Axis Bank Ltd | Kamal Palace 1, Yeshwant Colony, YN Road, Indore, Madhya Pradesh 452003 |
| HDFC Bank | Airport Rd, Indore, Madhya Pradesh 452006 |
| State Bank Of India | 5, Y.N Rd, Shivaji Nagar, Indore, Madhya Pradesh 452001 |
Benefits :
Firstly, it enables you to buy a better car than you could otherwise afford. Trying to save money by buying an older model can result in more costly repairs being needed, which all amounts to a false economy in the long run. Taking out a car loan also means you can spread the cost over a longer period of time, which in turn makes your car much easier to pay for - and you will always know where you stand with your monthly payments. You'll also know exactly how long you'll be paying the loan for until it's completed.
| Banks/Rates | HDFC Bank | Kotak | Axis Bank | State Bank of India (SBI) |
| New Car Loan |
9.45% - 12.50% | 11.50% - 13.50% | 9.40% - 12.00% | 9.45%( for WOMEN) 9.50%( for Others) |
| Processing Fee | Up to 2.5 Lakhs: Rs. 3220/-, (Above 2.5 Lac, Rs.4390/- to Rs.5870/-) | Rs.3300/- to Rs.4750/- | Rs.3500/- to Rs.5500/- | Nil |
How Much Salary or Income Required Getting Car loans in Indore Minimum 15000 per month income required for getting loans from bank to purchase a dream car in Indore. Documents you will need to submit for Apply Car loan in Indore: · Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible) · Income Proof: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of Rs. 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR · Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card. · Bank Statement: Last 6 months |
