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Car Loan In Madurai

To strengthen its car financing business portfolio, Bank is all set to lend pre-approved car loans. The bank will be providing loans to the customers on the car’s website by checking on the customer’s banking and credit history. The interest rates on these loans will be given based on customer’s credit stability. The bank is planning to link its application programming interface with prominent automobile companies like Maruti Suzuki and Hyundai, among others.

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How IT Works

1

Registration

Apply online in less than 2 minutes

2

Quick Verification

We will review your application and give you a decision within minutes

3

Loan Disbursal

Good Credit Score

Basic Eligibility Criteria

Good Credit Score

Above 21 years of Age

Salaried professional

Resident of India

Valid Bank Account

PAN Card and Voter ID Card/Driving License

Bank Statements for the last three months

Salary Slip for last three months

Find out your customized interest rate for a car loan in Madurai

Contact Us

Frequently Ask Questions

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You can get car loans starting from Rs. 25,000 up to Rs.25 lakhs for 1 to 5 years.
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Yes, you can pre-pay your loan as and when you want.
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Each consumer wishing to borrow on the Indialends portal will need to go through a rigorous verification and credit assessment process. The assessment is based on information collected from various data sources like the application form, credit bureaus, bank statements, pay slips, verification reports, social media, etc. The above process is automated and happens within seconds. Hence, you can get an approval shortly after you submit your application.
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The reason your application was rejected was because your credit profile did not match the criteria stipulated in the Indialends policy at the time. However, Indialends might be able to approve your application at a later date, if by then your credit file has improved or there have been changes in the Indialends credit policy.
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Repayment of the loan will happen monthly on an EMI (equated monthly installment) basis where the amount will be calculated based on amortizing balance. One or two of the installments might be different which will depend on the timing of the loan.
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If the monthly payment for a borrower is delayed for any reason, a penalty fee and penal interest might be charged to the borrower. The borrower’s credit file will also get impacted which will restrict him / her to get credit in the future. Legal action may also be taken against the borrower.
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Lenders will have the ability to view detailed profiles of the borrowers, information like financial information, employment information, etc. The personal information of the borrower remains protected as per our privacy policy.
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Loan requests can only be cancelled prior to loan disbursal. In case you want to make any changes to your request please reach out to support@indialends.com. The support team will help you in making the modifications.
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You can pay your EMIs using electronic transfer of funds, ECS.
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Soon after the loan is approved, the funds will be transferred right into your bank account.