car loan

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To fulfill your requirement of buying a car at affordable interest rates, you can opt for Car Loan. It is a loan that will help you in arranging the necessary funds to buy the new and branded car at low interest rates.

 

   Interest Rates for Car Loan in Cochin

 

 

New Car Loan Interest Rate (Reducing) Used Car Loan  Interest Rate (Reducing) Processing Fee
10.00 % 13.75% Up to 36 Months 0.50%
17.20% Above 36 Months

 

Why one should choose Car Loan in Cochin

  • Easy monthly repayment options.
  • Instantly available.
  • Loan Tenure period varies from 5-7 years.
  • Affordable interest Rates.
  • Easily and quickly available loans.
  • No hidden charges.

Eligibility Criteria for Car Loan

  • Minimum age : 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: For Salaried 1 year in current employment and minimum 2 years of employment / For Self- Employed at least 3 years in business
  • Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
  • Telephone: Must at residence.

Documents you will need to submit

  • Proof of Identity: Passport copy, PAN Card, Voters ID car, Driving License( Laminated, Recent, Legible)
  • Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
  • Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
  • Bank Statement: Last 6 months

About Cochin

Cochin is a beautiful city, and the major port city in the western coast of India and is the district in the state of Kerala. Cochin was the major centre of Indian spice trade for many centuries. And the city is referred as commercial capital Kerala. Cochin ranks among the major seaports due to being one of the safest and quality harbors in the Indian Ocean.

 

 

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

 

 


 

REMINDER SERVICES EMI CALCULATOR

CAR LOAN INTEREST RATES

 

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 a 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.