{"id":2987,"date":"2021-06-15T11:42:10","date_gmt":"2021-06-15T11:42:10","guid":{"rendered":"https:\/\/www.indusind.bank.in\/iblogs\/?p=2987"},"modified":"2025-09-01T12:14:39","modified_gmt":"2025-09-01T12:14:39","slug":"factors-to-consider-while-applying-car-loan-online","status":"publish","type":"post","link":"https:\/\/www.indusind.bank.in\/iblogs\/trends\/factors-to-consider-while-applying-car-loan-online\/","title":{"rendered":"Factors to Consider While Applying Car Loan Online"},"content":{"rendered":"\n

Eligibility<\/strong><\/h2>\n\n\n\n

While we apply for a car loan, there are\ncertain eligibility conditions which needs to be fulfilled including age, salary\nrequirements, employment type and a place of residence.<\/p>\n\n\n\n

Following are the primary documents that are required to be submitted online or in person:<\/strong><\/p>\n\n\n\n

i) Identity proof like Permanent Account\nNumber (PAN) Card, passport, driver’s license, etc.<\/p>\n\n\n\n

ii) Address proof like Voter ID Card,\npassport, etc.<\/p>\n\n\n\n

iii) Photographs<\/p>\n\n\n\n

iv) Car documents<\/p>\n\n\n\n

v) Income proof like salary slips, latest\nincome-tax return, etc.<\/p>\n\n\n\n

For more details about the document requirements, you can check here<\/a>.<\/p>\n\n\n\n

Loan amount<\/strong><\/h2>\n\n\n\n

The loan amount varies based on your age and\nincome. Lenders offer up-to 90% of the financing. <\/p>\n\n\n\n

Interest rate charged<\/strong><\/h2>\n\n\n\n

Banks charge rate of interest on car\nloans. The rate charged is generally fixed. However, if you think that the rate\nof interest will decrease in future then you can choose floating interest rate.\n<\/p>\n\n\n\n

Looking for the perfect\u00a0car Loan? Click here<\/a> to know how to get the best option!<\/p>\n\n\n\n

Cost involved<\/strong><\/h2>\n\n\n\n

Processing fees are charged when the\napplication is processed. The lenders also charge fees on early loan closure,\nreferred to as ‘foreclosure charges’, it’s charged on the outstanding loan\namount. This charge varies from one bank to another.<\/p>\n\n\n\n

Are you looking for a vehicle loan at lucrative interest rates? Turn to IndusInd Bank. We offer options for both new car loan<\/a> and used car loan<\/a>. Our documentation is minimal, and loan processing is quick and hassle-free. So, get in touch today!<\/p>\n\n\n\n

Disclaimer:<\/strong> The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Eligibility While we apply for a car loan, there are certain eligibility conditions which needs to be fulfilled including age, salary requirements, employment type and a place of residence. Following are the primary documents that are required to be submitted online or in person: i) Identity proof like Permanent Account Number (PAN) Card, passport, driver’s…<\/p>\n","protected":false},"author":13,"featured_media":2693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n","_links":{"self":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/2987"}],"collection":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/comments?post=2987"}],"version-history":[{"count":4,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/2987\/revisions"}],"predecessor-version":[{"id":18691,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/2987\/revisions\/18691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/media\/2693"}],"wp:attachment":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/media?parent=2987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/categories?post=2987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/tags?post=2987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}