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Kotak Mahindra Bank is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. Reserve bank of India gave Kotak Mahindra Finance Ltd to carry on banking services in Feb 2003.  Kotak Mahindra Finance Ltd. is the first firm in the Indian banking history to convert to a bank.

Why Kotak Mahindra Bank Car Loan?

Owning a vehicle is a dream of every person. If you want to purchase a vehicle but don't have enough money for it, then you have to add on some extra cash. For this, you have to pick any loan plan. Kotak Mahindra Bank Car Loan scheme provide you with adequate funds to finance the vehicle. This loan covers a wide a range of cars and

Features and Benefits

  1. Affordable EMIs
  2. Simple and Hassle free process
  3. Easy to pay back
  4. Flexibility of payment
  5. Speedy Approval in 4 hours
  6. Minimum Documentation
  7. Attractive Interest Rates

Features and Benefits of  Car Loan from Dialabank

  1. We offer extremely quick service
  2. Loans are approved within 24 hours after the documentation process
  3. The minimum loan amount is Rs 1 lakh, and maximum Loan amount depends upon the price of the car, varies with the car model, profile of the customer etc
  4. The maximum loan amount is up to 90-95%% of the ex-showroom price of the car
  5. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
  6. Repayment period ranges from 1 to 7 years
  7. Prepayment is allowed after 6 months from the disbursement of the loan

Now fulfill your dream of buying a car with IndusInd Car Loan. Submit the following documents to our branch or apply online at dialabank to check your eligibility.

Eligibility criteria

Salaried

  1. Age - Minimum 21 years at the time of application upto Maximum 60 years
  2. Income -Minimum Income must be Rs.2,50,000/- per annum.
  3. Work Experience -A minimum of 2 years of total experience, and must have completed 1 year of service with the current employer immediately prior to application.
  4. Residence stability- 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

  1. 2 passport size photos
  2. Identity proof: Driving License / Passport / Voter Id / Aadhar card / PAN card
  3. Residence Proof: Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
  4. Income Proof: Latest 3 months salary slip
  5. Latest 6 months banking statements

Self-Employed

  1. Age - Minimum 21 years at the time of application upto maximum 65 yrs
  2. Income -A minimum net profit of Rs.2,00,000/- per annum.
  3. Business Experience - 2 years of minimum business stability mitigated with proof.
  4. Residence stability - 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

  1. 2 passport size photos
  2. Identity proof: Driving License / Passport / Voter Id / Aadhar card / PAN card
  3. Residence Proof: Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
  4. Income Proof: Latest 2 years ITR with computation
  5. Latest 6 months banking statements
  6. Business Proof: CST Certificate / Labour act, Shop Establishment act / SSI Certificate, Rental deed / Utility deed in the name of the company

IndusInd Bank Car Loan Interest Rates

Interest Rate
New Car Less than 3 lacs 10.25%
3-6 lacs 9.50%
6-10 lacs 9.25%
10-20 lacs 9.00%
More than 20 lacs 8.70%
Used Car 14.00%

 

About SBI

State Bank of India (SBI) has its headquarters in Mumbai. It is a multinational financial and banking service association. It deals with a consumer loan, insurance, corporate banking and many more. It is featured in the top 10 brands of India according to the survey conducted by Brand Finance.

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Yes Bank Car Loan
  3. ICICI Bank Car Loan
  4. Axis Bank Car Loan
  5. State Bank of India Car Loan
  6. Canara Bank Car Loan
  7. Bank of Baroda Car Loans
  8. State Bank of Hyderabad Car Loan
  9. Others

Q1. What is a car loan?

A car loan is borrowing money that a lender such as a bank or non-banking financial company provides an individual allowing purchasing a car. With the increased popularity of car loans, most banks and NBFCs offers the loan individuals who have a good credit history.

Q2.  A loan to purchase a used car

Yes, a car loan is offered for pre-used cars. The interest rate for a used car would differ from a new car. The loan would only cover the price of the car itself, other costs as the transfer of registration, etc. will have to borne by you.

Q4. The benefits of applying for a car loan with Dialabank

When you apply for a car loan with Dialabank, we provide you with all available options based on the information you provide us. You get the complete list of lenders who, suit your specific requirement you can compare the various loan options based on tenure, interest rate, maximum loan amount.

Q5. What is the maximum amount of loan that I can avail?

The maximum loan amount is up to 90-95% of the ex-showroom price of the car on new cars and 80-85% on used cars.

Q7. What is the tenure of a car loan?

The tenure of a car loan ranges from 1 year to 7 years. The shorter the car loan tenure, the higher is the EMI payable and the reverse is true for longer car loan tenures.

Used Car Loan EMI Calculator

SIP Calculator
EMI Calculator SIP Calculator
 

Call us on 600 11 600 (Single Number across 18 Cities)

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly