Know About the IndusInd Bank Car Loan
The interest rates offered by IndusInd Bank are of the lowest and most favorable in the industry, thus making them favorable and attractive for the consumers. Some of the main features of a car loan from IndusInd Bank are:
- Interest rate: 9.65% onwards
- Minimum and transparent documentation
- Quick processing
- Repayment tenure limit can be from 1 year to 4 years for new cars and up to 3 years for used cars
- No guarantor or collateral required
Car loans from IndusInd Bank are popular because of the post sales service and customer-friendly policies. Owing to low-interest rates and hassle-free application process, owning a dream car has become a reality for the common man. The processing of the loan can be done in a simple manner by visiting a nearby branch or through the customer service desk. The bank charges minimal closure charges making it more attractive. The bank has about 573 branches all over the country, thus, making it easily accessible for a loan. The bank’s website gives all the adequate Information about payments and accounts and a customer can avail of many convenient services alone without paying any extra amount.
Car loan from IndusInd Bank can be availed for a car for commercial or personal use. The bank does not impose any such restrictions. A loan can be availed if the car is a passenger car, small commercial vehicle, light commercial vehicle, multi-utility vehicle, medium and heavy commercial vehicles and tractors. The bank also extends the loan for pre-owned cars. The rate of interest that the bank will charge on the loan depends on the type and make of car and loan tenure.
Car loan from IndusInd Bank can be availed for a car for commercial or personal use. The bank does not impose any such restrictions. A loan can be availed if the car is a passenger car, small commercial vehicle, light commercial vehicle, multi-utility vehicle, medium and heavy commercial vehicles and tractors. The bank also extends the loan for pre-owned cars. The rate of interest that the bank will charge on the loan depends on the type and make of car and loan tenure.