Quick approval loans
at affordable interest rates
Drive your dreams home, with convenient
financial solutions from IndoStar Capital Finance Ltd.
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IndoStar Capital Finance Limited is engaged in composite insurance distribution services
IRDAI Registration Number: CA0910 CIN:L65100MH2009PLC268160
Vehicle Loan EMI Calculator*
- Key Features
- Documents
- FAQs
- Fees
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Avail loans for new and used vehicles.
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Get a loan for up to 100% of the vehicle value.
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Enjoy a long loan tenure of up to 60 months.
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Choose from monthly/quarterly repayment options.
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Easy documentation, quicker processing and faster disbursements make funding simple.
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Enjoy attractive interest rates, doorstep service, and a simple, fast and transparent process.
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Visit or contact us at more than 350+ vehicle finance branches across the country.
Proof of Identity
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PAN card
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Passport
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Voter ID card
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Driving license
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Government identity card
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Aadhaar card
Address Proof
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Passport
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Voter ID card
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Driving license
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Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
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Aadhaar card
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Ration card
Proof of Business Address
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Certificate under Shops and Establishment Act
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Certificate of registration
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Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
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Active bank account statement or passbook
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Property tax receipt
Index II of property -
Registered rent agreement
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Certificate issued by professional body incorporated under relevant statute.
Other KYC Documents
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Partnership firm: Partnership deed
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Company: Certificate of incorporation, Memorandum of Association, Articles of Association, latest CA-certified list of directors and shareholding pattern.
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Trust: Registration certificate and deed of trust
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Professionals: Qualifications and registration certificate
Proof of Income
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Last 2 years audited CA-certified financials along with schedules, sub-schedules/tax audit report (if applicable), computation of income, ITR acknowledgement provisional financials (if applicable), along with VAT returns/GST returns to validate provisional sales figures.
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Last 3 months salary slip along with their reflection in your bank account (in case of salaried individuals)
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Form 16 for last two years.
Banking
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Last 6 months bank statements of all active bank accounts
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Last 6 months saving bank account of partners and directors (in case of partnership firm/company)
Yes, you are eligible to apply for a vehicle loan with us if you are an Indian resident or entity that’s intending to purchase a vehicle that is either new or used. You have to be at least 21 years old to apply for a loan with IndoStar Capital Finance Ltd.
Yes, a co-applicant is mandatory to apply for a loan. All owners/co-owners of the vehicle to be financed will have to necessarily be co-applicant(s) to the loan.
You can choose any repayment tenure from 12 to 60 months. This range is specially designed to suit your needs and requirements.
A Loan-to-Value ratio is the amount of loan that will be provided compared to the value of the vehicle. For new vehicles, the purchase or invoice cost will be considered as the value of the vehicle. For a used vehicle or refinance, a fair market value is considered as the value of the vehicle.
An Equated Monthly Instalment, or EMI, is the monthly payment that you make to your vehicle loan provider. This payment is due on specific dates, which is either the 5th or 10th of every month in case of IndoStar Capital Finance Limited. The EMI consists of two parts: the interest to be paid on the loan and the principal component. Thus, with every EMI that you pay, you are repaying a part of the loan as principal repayment and also the interest due on the amount borrowed.
You can pay your EMIs by providing us with a National Automated Clearing House (NACH) mandate form. This is nothing but an instruction that authorises a direct deduction of the EMI amount from your bank account (from which you would repay your loan) on specified dates. In case your bank is not registered for NACH, then you may have to open a new bank account in a registered bank and provide us with a NACH mandate form.
Margin money is the amount that you have to pay to the dealer or seller before availing the vehicle loan. This is your contribution towards the purchase of the vehicle.
Yes, you can pre-pay your loan any time after 6 months of availing the loan. However, you will be charged a fee for the same. Refer to the ‘Fees’ tab for more info.
You can email us at contact@indostarcapital.com or visit any of our branches.
Please refer to the ‘Fees’ section in the adjacent tab.
| Description of Charges | Amount (Exclusive of GST) |
|---|---|
| Processing Fee | Higher of ₹7500 or 2% |
| Documentation charges | ₹ 2000 |
| Stamping charges | Actuals |
| SOA Charges | ₹ 500 |
| Swapping charges (from ECS/PDC to) | ₹ 1000 |
| Roll over PDC CHARGES | ₹ 500 |
| Non PDC CHARGES (Cash Payment Mode) | ₹ 500 |
| Charges for swapping PDCs of one bank to another | ₹ 500 |
| Pre Closure charges** | 4% |
| Cheque/ECS bounce charges | ₹ 500 per returned ECS/Cheque |
| Payment collection charges (FVC) | ₹ 200 per transaction |
| Duplicate NOC charges | ₹ 500 per expired/Lost NOC |
| Repossession Charges | Actuals |
| Late Payment - Penal Charges | 36% PA |
| Legal Charges | Actuals |
Customers Speak
Happy customers make us happy, especially when they let us know how we helped their dreams get off the ground.
I run coaching classes across 8 locations in Kerala. Our teachers travel frequently from one location to the other. I needed a car to ease this commute. I was able to buy one, in a short period of time at a very good rate thanks to IndoStar Capital Finance Ltd . They are always just a call away. I am very happy with their service, and I have referred IndoStar Capital Finance Ltd to many of my friends.
I am a contractor from Bhatinda. I had bought a JCB backhoe loader with a loan from IndoStar Capital Finance Ltd. They processed my loan very quickly. This is the quality that a buyer always looks for. It was also great to be dealing with a servicing team that was cooperative and very helpful while taking me through the application process.
I took truck finance from IndoStar Capital Finance Ltd, and I was very happy with their service. They were always reachable on call, and they provided me with an at-your-door service during the whole process. I have referred them to various people in my circle, and they are just as happy with the service as I am.
My experience with IndoStar Capital Finance Ltd was great! I had taken a commercial and a private vehicle loan from their Dehradun branch. My relationship manager was very helpful and enthusiastic in their approach. IndoStar cared about my business, not just the loan. They will always be my first choice for my loan requirements going forward. Loans are offered by many companies but it is comforting to deal with companies who care about their clients.
