A car loan is a deal, that helps the person to buy their favorite car without worrying about the payments. Dialabank provides a deal that allows the person to pay the cost of the car in partition rather than paying it at once. It is the best way to drive your dream car home.

A car loan is one of the secured loans where an applicant gets a loan amount from the bank and NBFC’s at some rates of interest for a given period of time. An applicant can use this amount of loan to buy a car.

Features of Car Loan Nagpur

  1. Easy monthly repayment options
  2. Instantly available
  3. Loan Tenure period varies from 1-7 years
  4. Affordable interest Rates
  5. No hidden charges
  6. Quick approval with minimum documentation

Eligibility for Car Loan Nagpur

The applicant should be a citizen of India. This is the first condition that a customer has to fulfill. If it is not so that the applicant can’t apply evenly.

After that, the age of the applicant should be 21 to 65 years old in the case of salaried and the applicant should be  30 to 60 years old in case of self-employed. If he/she is not meeting this requirement then he/she can’t apply for a Car Loan.

The applicant should have some stable source of income. This is the reason why unemployed persons are not eligible to get a car loan  ( for salaried- for 1 year in the same employment and for self-employed from 2 years in the same business)

car loan

Documents Required

However the documents required in a car loan are not that much but still, you have to submit some documents to the bank or non-banking company while applying for a car loan.

  1. First of all, a proof of identity is necessary. Every applicant has to submit this if he/she wants to apply for a car loan.
  2. After that, a proof of residence is also required while applying for a loan.
  3. Two passports sized colored photographs are needed to get a loan.
  4. One proof of income is required to check the applicant’s income status.
  5. For salaried people three years banking statement and for self-employed 2 ITR is required.

Rates of Interest

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%

 

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Processing fees

Up to 2.5 Lacs: Rs.2825

Over Rs. 2.51 Lakhs up to 4 Lakhs: Rs. 3850/-<

Maximum 5000

*SPECIAL OFFER from DialaBank: Rs.1750/-*

Loan cancellation / re-booking charges

In the event of cancellation, interest charges from disbursement date till refund of disbursement amount will be borne by the customer

Legal, Repossession & Incidental charges

At Actuals

Loan Reschedulement charges

Rs. 1000/-

 

How to Apply?

Apply online on www.dialabank.com

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. ICICI Bank Car Loan
  5. Axis Bank Car Loan
  6. State Bank of India Car Loan
  7. Canara Bank Car Loan
  8. Indusind Bank Car Loan
  9. Others

About Nagpur

Nagpur is the third largest city of the Indian state Maharashtra. The city is known as the winter capital and the orange city of India.

The population of the city is the city is around 25 lakhs. The city has been proposed as one of the smart cities in Maharashtra.

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

 

Used Car Loan EMI Calculator

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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
 
Other Leading  Loan Options (Click to Apply)

Gold Loan Nagpur

Personal Loan Nagpur

Business Loan Nagpur