Indian Bank
Indian Bank Car Loan
Data Verified
Last checked: 25 Feb 2026Best for buyers seeking a balanced PSU loan with a wide reach and transparent terms.
Seamless vehicle financing with attractive interest rates and long repayment tenure to help you bring home your favorite vehicle.
Transparent PricingLong TenureUsed Car FundingQuick SanctionWide Dealer Network
Interest Rate
8.6%
Starts From p.a.
Max Tenure
7 Yrs
84 Months
Loan Amount
to
Up to ₹2 Crore
Expert Verdict
"Indian Bank offers a competitive 8.60% rate. Their loan-to-value (LTV) ratios are generous, often covering the complete invoice price. The 7-year tenure helps in keeping EMIs low. Their tie-ups with major car dealers speed up the process. Verdict: Reliable and straightforward car finance."
Key Privileges
EligibilityAge 21-65, Salaried/Professional/Business
Processing Fee0.50% of loan amount
PrepaymentNil
Lock-inNone
DocumentationKYC, Salary slips/ITR, Bank statement, Proforma invoice
Start Application
Applying takes less than 5 minutes. You will need your PAN card and Aadhaar details handy.
Simplified Digital KYC
Instant Approval Check
Zero Physical Documentations
By clicking apply, you will be redirected to the official bank portal. FinanceMacha may earn a commission on successful approvals.
Eligibility Summary
- Min. Credit Score700+
- Min. Income₹20,000 per month
- EmploymentSalaried/Self