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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

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Loan Tenure
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    Proof of Identity
    • PAN card
    • Passport
    • Voter ID card
    • Driving license
    • Government identity card
    • Aadhaar card
    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 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.
    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.
    Banking
    • Last 6 months bank statements of all active bank accounts
    • Last 6 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.

    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.

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