IDBI Bank car loans are designed to provide customers with easy and hassle-free financing options for purchasing a new or used car. With IDBI Bank car loans, customers can avail loans of up to 90% of the on-road price of the car, with flexible repayment tenures ranging from 12 to 84 months. The bank also offers competitive interest rates starting at 7.90% and up to 8.90%.
Applying for a car loan from IDBI Bank is simple and can be done online through the bank's website or by visiting a branch. Customers will need to provide relevant documents such as identity proof, address proof, income proof, and details of the car they intend to purchase.
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1.What is the maximum loan amount I can get for a car loan from IDBI Bank?
The maximum loan amount that you can get for a car loan from IDBI Bank is up to 90% of the on-road price of the car.
2.What is the tenure for a car loan from IDBI Bank?
The tenure for a car loan from IDBI Bank can range from 12 months to 84 months (7 years).
3.What is the interest rate for a car loan from IDBI Bank?
The interest rate for a car loan from IDBI Bank can vary depending on various factors such as the type of car, loan amount, and your credit score. The interest rate typically ranges from 7.90% to 8.90%.
4.Can I prepay my car loan from IDBI Bank?
Yes, you can prepay your car loan from IDBI Bank without any penalty charges.
5.Can I apply for a car loan from IDBI Bank online?
Yes, you can apply for a car loan from IDBI Bank online through the bank's website. You will need to fill out an application form and submit the necessary documents such as identity proof, address proof, income proof, and details of the car you intend to purchase.
6.What are the documents required to apply for a car loan from IDBI Bank?
The documents required to apply for a car loan from IDBI Bank include identity proof, address proof, income proof, bank statements, and details of the car you intend to purchase.
7.Can I transfer my existing car loan from another bank to IDBI Bank?
Yes, you can transfer your existing car loan from another bank to IDBI Bank. This process is known as a balance transfer. By transferring your car loan to IDBI Bank, you can enjoy lower interest rates and better terms and conditions.
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