Interest Rates of IDFC Used Car Loan

  • Interest rate charges are depending on the vehicle's scheme.

  • Foreclosure charges can be done by service manager or visiting any IDFC Bank.

  • The loan amount is depending on the customer's profile and laid down policies of the bank.

Eligibility Criteria for IDFC Used Car Loan

Salary Employee Self Employed
Age should be 21 to 70 years at the end of a loan Age should be 18 to 75 years at the end of a loan
Minimal salary should be Rs. 2,40,000 per annum Minimum income should be Rs. 2,00,000 per annum
Income eligibility is based on the payslip and form 16 Income eligibility is based on the current income tax returns
At lease 1 year employment in the same organization Minimum 3 years employment in the same business

Doumentaion Required for IDFC Used Car Loan

  • Age Proof

  • ID Proof

  • Passport size photos

  • Application Form

  • Address Proof

  • Bank Statement

  • Income Proof

  • Rate list or Pro forma invoice

  • Signature verification proof

IDFC Used Bank Car Loan EMI Calculator

To check your used car loan Hyderabad EMI for IDFC Bank, use below EMI calculator.

Features and Benefits of IDFC Used Bank Loan

  • Hassle free loan sanction

  • Less Documentation

  • Loan Tenure up to 5 years

  • No hidden charges