EMI Calculator
*EMI
@ 7.50% ROI
*EMI
@ 7.50% ROI
Features
- Lowest Interest Rates & EMI
- Longest Repayment Tenure (7 years)
- Financing on 'On-Road price' *
- Interest calculated on Daily Reducing Balance
- Life Insurance cover available
- On-Road price includes Registration,Insurance and Extended Warranty/ Total Service Package/ Annual Maintenance Contract/ Cost of Accessories.
- Subject to maximum ex-showroom price
* Estimated value of EMI may vary from the actual EMI
Note: Maximum loan amount will be 4 times the net annual income and annual income is considered max as 50 Lakhs.
- Resident Indian Individual
- Age between 21 to 67 yrs.
- PAN card mandatory
- Salaried: Net annual income Rs.3,00,000/- or above.
Others: Net annual profit or gross taxable income Rs.3,00,000/- or above. - Customer can have single application via ISB Bank LoanApp platform.
Online application is for single borrower, In case you want to add a second borrower kindly visit the Branch
- Last 6 months bank account statements
- Proof of Identity (any 1)
Aadhaar card/ Passport/ PAN/ Voters ID card/ Driving Licence etc - Address Proof (any 1)
Property or Municipal Tax Receipt/ Pension or Family Pension Order/ Allotment Letter/ Utility Bill (Electricity/ Telephone/ Post Paid Mobile Phones/ Piped Gas/ Water Bill) - Passport size photograph
- Income Proof:
Salaried: Latest Salary Slip, Form 16
Others: ITR for last 2 yrs - Tax Proof:
Salaried: I.T. Returns/Form 16 for the last 2 yrs
Others: Audited Balance sheet, P&L statement for 2 yrs and any one of - Shop & establishment act certificate/ Sales Tax certificate/ SSI registered certificate/ copy of partnership
Interest Rate w.e.f. 01.04.2023 (1 yr MCLR is 7.00%) — Fixed Rate
(A) Current Rate of interest
| CREDIT SCORE | TERM OF THE LOAN | |
|---|---|---|
| 3-5 years | Above 5 years | |
| 757 & ABOVE | 7.75% | 7.85% |
| 721-756 | 8.00% | 8.10% |
| 689-720 | 8.25% | 8.35% |
| 606-688 | 8.35% | 8.45% |
(B) Revised LoanApp Rate of interest
| CREDIT SCORE | TERM OF THE LOAN | |
|---|---|---|
| 3-5 years | Above 5 years | |
| 757 & ABOVE | 7.50% | 7.60% |
| 721-756 | 7.75% | 7.85% |
| 689-720 | 8.00% | 8.10% |
| 606-688 | 8.10% | 8.205% |
| * NO FURTHER CONCESSION IS ALLOWED | ||
Processing Fee - 1%
Waived off till 31.03.2025
