IDBI Car Loan Interest Rates

Base Rate 9.95%
Rate of Interest(fixed) 9.95% - BR + 0.35%
Processing Fee During festival offer period, fee is waived in full
Loan Amount Above Rs. 1 lakh
Loan Tenure 12 months to 60 months
Minimum annual income required Rs 1,80,000
Servicing of EMI would be through ECS, Standing Instruction
Foreclosure charges Charges allowed only 6 months after the loan disbursement without penalty from own source. If within 6 months in case of disbursement or balance transfer, 1% of balance outstanding along with applicable charges is charged.