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  #1  
Old September 10th, 2012, 11:25 AM
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Join Date: Dec 2011
Default IDBI Bank Car Loan Interest Rate

I want to buy a car (Honda City) by taking Car Loan from IDBI Bank. Sir, would you please give me its latest interest rate for this loan?

IDBI Bank Car Loan Interest Rates-

Floating Interest Rates-
MUV Segment- 12.25% p.a (Linked to BR)
For all other vehicles- 11.75% p.a (Linked to BR)

Fixed Interest Rates-

Segment A: Small/Mid-size/ Utility & Premium-
Tenor up to 36 months- 11.50% p.a
Tenor up to 60 months- 12.00% p.a

MUVs-
Tenor up to 36 months-12.00% p.a
Tenor up to 60 months-13.00% p.a

Segment B: Premium-
Tenor up to 36 months-11.50% p.a
Tenor up to 60 months-12.00% p.a

Segment C: Luxury & SUV
Tenor up to 36 months-11.50% p.a
Tenor up to 60 months-11.75% p.a

Segment D: Classic-
Tenor up to 36 months-11.50% p.a
Tenor up to 60 months-11.75% p.a

Last edited by Aakashd; February 4th, 2020 at 12:19 PM.
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  #2  
Old April 7th, 2020, 06:44 PM
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Default Re: IDBI Bank Car Loan Interest Rate

I am customer of IDBI Bank and want to take car loan from this bank searching for details. Will you tell what the IDBI Bank Car Loan Interest Rate also tell documents required to apply?
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  #3  
Old April 7th, 2020, 06:45 PM
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Join Date: Jun 2013
Default Re: IDBI Bank Car Loan Interest Rate

Industrial Development Bank of India (IDBI) was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry.

About IDBI Bank Car Loan Interest Rate:

IDBI car loan interest rates are in the range of 9.30 % to 9.90%.

IDBI Car Loan Eligibility

Eligibility Criteria


Salaried:
Min age of the applicant: 18 years
Max age of the applicant (At loan Maturity): 70 years/retirement age whichever is earlier.
Min. Annual Income of Rs.2,40,000/-
Income proof: Salary Slip, Form 16/ ITR, Bank statement showing salary credit

Self-Employed Professionals:

Min age of the applicant: 18 years
Max age of the applicant: (At loan Maturity): 70 years
Min. 2 years in profession
Min. Annual Income of Rs.2,40,000/-
Income proof: for Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statement

Documents required

Salaried Employees


Filled up loan application form
2 Passport Size Photo
Copy of Income Tax PAN
Identity Proof –Aadhaar, Passport/ Driving License/ Voter ID/ PAN
Quotation of car
Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Income Documents – 3 months pay slip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit
R.C of Vehicle and Insurance of Car

Self-Employed

Filled up loan application form
2 Passport Size Photo
Copy of Income Tax PAN
Identity Proof – Aadhaar, Passport/ Driving License/ Voter ID/ PAN
Quotation of car
Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Income Documents – 3 months pay slip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit
R.C of Vehicle and Insurance of Car.

Contact

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Swift: IBKLINBB
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