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Loans for New and Used Vehicle

Are you an entrepreneur planning to start, or expand, your transportation business? If yes, you’ve come to the right place! IndoStar Capital Finance has special products that cater to each and every one of your funding requirements.

With us, you can purchase new or used vehicles with maximum funding. Furthermore, the documentation process is really simple too.

Our specially designed programmes are tailored to meet your needs in the course of managing your fleet too. You can avail engine or tyre replacement loans as the need may arise.

We provide funding for

  • Commercial Vehicles

    Commercial Vehicles*

  • Farm equipment

    Farm equipment

  • Four-wheelers and two-wheelers

    Four-wheelers and two-wheelers

  • Construction equipment

    Construction equipment

*From 3 wheelers to heavy commercial vehicles

Key Features

  • Avail loans for new and used vehicles.
  • Get a loan for up to 100% of the vehicle value.
  • Enjoy a long loan tenure of up to 60 months.
  • Choose from monthly/quarterly repayment options.
  • Easy documentation, quicker processing and faster disbursements make funding simple.
  • Enjoy attractive interest rates, doorstep service, and a simple, fast and transparent process.
  • Visit or contact us at more than 322 branches across the country.
  • Funding available to individuals, proprietary concerns, partnership firm, private or public limited companies, trusts or societies as well as a cooperative society.


Keep the following documents handy to enjoy a simple and hassle-free loan application process:

Proof of Identity

  • PAN card
  • Passport
  • Voter ID card
  • Driving license
  • Government identity card
  • Aadhaar card

Proof of Age

  • PAN card
  • Passport
  • Birth certificate
  • Driving license
  • Aadhaar card (if your date of birth is mentioned)

Address Proof

  • Passport
  • Voter ID card
  • Driving license
  • Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
  • Aadhaar card
  • Ration card

Proof of Signature

  • PAN card
  • Passport
  • Driving license
  • Government identity card

Proof of Relationship

  • PAN card
  • Passport
  • Voter ID
  • Ration card
  • Marriage certificate
  • Aadhaar card (if relationship is mentioned)

Proof of Business Address

  • Certificate under Shops and Establishment Act
  • Certificate of registration
  • Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
  • Active bank account statement or passbook
  • Property tax receipt
  • Index II of property
  • Registered rent agreement
  • Certificate issued by professional body incorporated under relevant statute.

Proof of Business Continuity

  • Certificate under Shops and Establishment Act
  • Certificate of registration
  • Certificate issued by professional body incorporated under relevant statute.

Other KYC Documents

  • Partnership firm: Partnership deed
  • Company: Certificate of incorporation, Memorandum of Association, Articles of Association, latest CA-certified list of directors and shareholding pattern.
  • Trust: Registration certificate and deed of trust
  • Professionals: Qualifications and registration certificate

Proof of Income

  • 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.
  • Last 3 months salary slip along with their reflection in your bank account (in case of salaried individuals).
  • Form 16 for last two years.


  • Last 12 months bank statements of all active bank accounts.
  • Last 12 months saving bank account of partners and directors (in case of partnership firm/company).

Disclaimer: The above list is indicative and may require additional documents depending on your case.


Am I eligible to apply for a vehicle loan at IndoStar Capital Finance Limited?

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.

Is a co-applicant mandatory? Am I eligible to be a co-applicant?

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.

What are the loan tenure options?

You can choose any repayment tenure from 12 to 60 months. This range is specially designed to suit your needs and requirements.

What is a Loan-to-Value (LTV) ratio?

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.

What is EMI?

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.

How do I pay my EMI?

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.

What is margin money?

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.

Can I pre-pay my loan? If I can, will there be a pre-payment penalty?

Yes, you can pre-pay your loan any time after 6 months of availing the loan. However, you will be charged a foreclosure fee of 5% on the outstanding principal amount along with the applicable taxes.

How can I contact ICFPL customer service?

You can email us at or visit any of our branches. To know our branch locations, click here.


Customers Speak

Happy customers make us happy, especially when they let us know how we helped their dreams get off the ground.

  • Sachin Kumar

    It was a very good experience with IndoStar, I liked their servicing. I took commercial and private vehicle loan from IndoStar’s Dehradun branch. The relationship manager assigned to me has created enthusiasm and positivity in me and motivated me to grow in my business. Going forward I’ll always engage with IndoStar for my further loan requirements. Loans are offered by all companies but it’s always comfortable to deal with good people.

    Read more

    Sachin Kumar, Dehradun

  • Hem Chandra Bhatt

    I took Truck finance from IndoStar and I am very satisfied with their services. They have always provided me with door step service at one phone call. I have referred IndoStar to people in my circle and even they have liked IndoStar’s service.

    Read more

    Hem Chandra Bhatt , Pithoragarh

  • Anil Kumar

    I run coaching classes for medical and engineering entrance tests across 8 locations in Kerala. Our teachers travel from one branch to another, to ease the commute of these teachers we had bought a car. IndoStar has helped us to buy the vehicles at a very short span at a very good rate. Their service is just a call away. I have referred IndoStar to my other friends due to their timely service. 

    Read more

    Anil Kumar, Kerala

  • Gursewak Singh

    I am a contractor in Bhatinda. I had bought JCB backhoe loader with a loan from IndoStar. IndoStar was very fast in processing my loan. This is the quality that a buyer always looks for.  It was also good to deal with the servicing team as they were very cooperative in explaining the application process.

    Read more

    Gursewak Singh, Bhatinda

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