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Estimate your monthly instalment in seconds with our EMI calculators for commercial vehicles, pickups, used cars and loan against property. Adjust the loan amount, indicative interest rate and tenure to instantly see your EMI, total interest and total payable.
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Frequently Asked Questions
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 Ltd.
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 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.
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.
How can I contact IndoStar Capital Finance Ltd customer service?
You can email us at contact@indostarcapital.com or visit any of our branches.
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 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.
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.
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 fee for the same. Refer to the 'Fees' tab for more info.
Where can I find all the charges applicable to the loan and additional services?
Please refer to the 'Fees' section on each product page, or speak to your nearest IndoStar branch.
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