Purchasing a car is the dream of every Indian and today it becomes the status symbol of everyone. Nowadays, several banks and lending institutions provide a car loan at the lowest interest rate and affordable EMIs.
A car loan can be helpful for those consumers who want to buy a new car but they do not get the car because of lack of money. It helps the borrower to build their credit history if the borrowers make their monthly payments on time.
Interest Rates on Car Loan Cuttack
|New Car||Less than 3 lacs||10.25%|
|More than 20 lacs||8.70%|
Features of Car Loan Cuttack
- Up to 95% funding available for new cars
- Up to 85% funding available for used cars
- Loan period is usually between 1 to 7 years.
- Interest is calculated on the basis of compound interest.
- Equated Monthly Instalment (EMI) is worked out for repayment.
- Early settlement of the pending amount is available subject to pre-payment penalty.
Documentation Requirement for Car Loan Cuttack
While Availing for instant Car loans in Cuttack some important documents are required. Some of them are mentioned as under:
- Identity Proofs: PAN Card, Driving License, Passport or Voters ID
- Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
- Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
- Bank Passbook transactions of the last 6 months
- Previous 3 years IT Returns for self-employed
- 2 Passport size photographs
Eligibility Criteria of Car Loan Cuttack
Following are the Eligibility of Car Loan in Cuttack:
- Minimum Age of Applicant: 21 years
- Maximum Age: 58 years (at the time of the maturity of the loan)
- Minimum Employment: 1 year in current employment and a minimum of 2 years of employment in general
- Minimum Annual Income: Rs 100,000 (net)
Fee & Charges
Fees & Charges
Up to 2.5 Lacs: Rs.2825
Over Rs. 2.51 Lakhs up to 4 Lakhs: Rs. 3850/-<
*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
Loan Reschedulement charges
How to Apply?
Apply online on www.dialabank.com
Leading Car Loan Providers (Click to Apply)
- HDFC Car Loan
- Kotak Mahindra Car Loan
- Yes Bank Car Loan
- ICICI Bank Car Loan
- Axis Bank Car Loan
- State Bank of India Car Loan
- Canara Bank Car Loan
- IndusInd Bank Car Loan
Cuttack is located in the Cuttack district of Odisha. It is famous for its silver works and unique woven textiles, and the city is known for its Dussehra celebrations.
Cuttack is one of the ancient and religious cities in India. Oriya is the primary language spoken here.
Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.
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