IDBI Car Loan – Interest Rates 2018, EMI Eligibility Calculator

IDBI Bank Car Loan – Best Interest rates for Cars loans. Check Documents, EMI and Eligibility for IDBI Car Loan. Offers loans at 9.00%, the lowest in the market, and waives off the Rs 1,000 processing charge.

IDBI Car Loan Interest Rates 2018

Interest Rates 9.00% – 9.10%
Repayment Upto 7 Years
Min. Income 15000 p.m
Part Payment Charges 1% before 6 months
Processing Fees Nil Special Offer

Compare, Calculate & Save more on Interest Rates & EMIs

Professional Details
Loan Amount

Occupation

Annual Income

City

Features of IDBI Car Loan

  • maximum loan amount
  • Covers wide range of vehicles and high end bikes
  • Repayment with easy EMIs and avail the loan for upto 7 years

Eligibility of IDBI Car Loan: –

  • Min age of the applicant should be 18 years for salaried & Self employed
  • Min. Annual Income of Rs. 1,80,000/- required for salaried & Self employed
  • Income proof: Salary Slip, Form 16/ ITR, Bank statement showing salary credit for salaried & Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statement for self employed.

IDBI Bank Car loan EMI Calculator

IDBI car loan emi calculator helps you to know how much emi per month you have to pay against the loan taken for purchasing the new car. you can select or choose the right car loan amount as per your financial condition and it helps you in selecting the car variant as per your paying capacity of EMI. For calculation you have to just select the right loan amount, Interest Rate and Repayment period.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

For an example, You can take a loan amount of Rs. 4.50 lakh for Maruti Baleno or Maruti IGNIS car for 4 years repayment period at 9.10% rate of interest than you emi calculations are as follows:

  • Loan Amount = Rs. 4,50,000
  • Monthly Installment (EMI) = Rs. 11,220
  • Total Interest Amount = Rs. 88,543
  • Total Amount (Principal + Interest) = Rs. 5,38,543
Year Principal Interest Balance Amount
1 Rs. 97,697 Rs. 36,943 Rs. 352,303
2 Rs. 106,969 Rs. 27,671 Rs. 245,334
3 Rs. 117,122 Rs. 17,518 Rs. 128,212
4 Rs. 128,296 Rs. 6,406 Rs. 0

Documents:

Age Proof, Identity proof, Address Proof, Income proof & Bank statements.

Other Available Products of IDBI: