IndusInd Bank Car Loan at a glance
| Feature | IndusInd Bank Car Loan |
|---|---|
| Product name | New Car Loan |
| Interest rate | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| Rate type | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| Maximum tenure | 60 months (up to 7 years in some cases) |
| How much it funds | Up to 100%* of car value |
| Processing fee | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| Pre-closure / prepayment | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
Source: indusind.bank.in, checked 4 October 2026.
IndusInd Bank vs other loan providers for car loans
Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.
| Loan provider | Published rate | Max tenure | Type |
|---|---|---|---|
| Canara Bank | 7.50% - 10.70% | 84 months | public sector bank |
| HDFC Bank | 7.60% - 14.00% | Up to 7 years | private sector bank |
| Punjab National Bank | From 7.60% | 84 months | public sector bank |
| Bank of Baroda | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 84 months | public sector bank |
| Union Bank of India | 7.60% - 10.00% | — | public sector bank |
| Federal Bank | 7.90% - 9.00% | 84 months | private sector bank |
| Mahindra Finance | 8% - 25% p.a. | 5 years | NBFC |
| SBI | 8.40% - 9.35% | 7 years | public sector bank |
| ICICI Bank | From 8.40% | Up to 84 months | private sector bank |
| Axis Bank | 8.90% - 11.70% | Up to 8 years | private sector bank |
| IDFC FIRST Bank | From 8.99% | 10 years | private sector bank |
| Hero FinCorp | 9% - 18% p.a. | 120 months | NBFC |
| Chola | 9% - 20% p.a. | — | NBFC |
| Tata Capital | From 9.49% p.a. | 84 months | NBFC |
| Kotak Mahindra Bank | — | 12 - 84 months | private sector bank |
| IndusInd Bank | — | 60 months | private sector bank |
| Yes Bank | — | 96* months | private sector bank |
| Bajaj Finance | Up to 12.25% p.a. | 12-96 months | NBFC |
What kind of loan provider IndusInd Bank is
IndusInd Bank is a private sector bank. Private banks tend to approve and disburse quickly, often digitally or at the dealership, and cover a wide range of credit profiles. The spread between their lowest and highest rates can be wide, so the rate you are offered depends heavily on your credit score, income and the vehicle.
Private bank with a large vehicle-finance book spanning cars, two-wheelers, commercial vehicles, construction equipment and tractors; it does not publish rate cards on its product pages and prices each loan individually.
Features IndusInd Bank lists for this loan
- Can also finance insurance and registration
- Doorstep documentation
Documents you will usually need
Most loan providers ask for a similar set. IndusInd Bank may ask for more depending on your profile.
- Identity proof such as Aadhaar, PAN, passport or voter ID
- Address proof such as Aadhaar, utility bill, rent agreement or passport
- PAN card (mandatory)
- Last 3 to 6 months of salary slips and bank statements for salaried applicants
- Last 2 years of ITR with computation, and 6 to 12 months of bank statements for self-employed applicants
- Proforma invoice or quotation from the dealer for a new car, or seller details for a used car
- Passport-size photographs and a signed application form
Before you sign with IndusInd Bank
- Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Apply on indusind.bank.in or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.
More from IndusInd Bank and similar loans
Other vehicle loans from IndusInd Bank:
Buying a used car? Read the used car loan guides
A second-hand car changes the rate, the tenure and the paperwork. These guides cover rates by loan provider, car age limits, valuation, down payment and RC transfer.
Frequently asked questions
What is the IndusInd Bank car loan interest rate?
IndusInd Bank does not publish a rate on its website for this loan. Ask for the Key Fact Statement, which must show the rate and APR before you sign.
What is the maximum tenure for an IndusInd Bank car loan?
60 months (up to 7 years in some cases), as published by IndusInd Bank. A longer tenure lowers the EMI but raises the total interest.
How much of the vehicle cost does IndusInd Bank fund?
Up to 100%* of car value, according to IndusInd Bank. The rest is your down payment.
What processing fee does IndusInd Bank charge?
The processing fee is not published online. It must be shown in the Key Fact Statement before you sign.
Can I close an IndusInd Bank car loan early?
Pre-closure terms are not published online. Fixed-rate loans often carry a charge; floating-rate loans to individuals cannot. Check the loan agreement.
Is IndusInd Bank regulated?
Yes. IndusInd Bank is regulated by the Reserve Bank of India as a private sector bank. If a complaint is not resolved by the loan provider within 30 days, you can approach the RBI Integrated Ombudsman.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands named here to rank them. Rates, fees and prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.