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Why Choose Car Loan in Hailakandi

Interest Rates

9.0%

Collateral Required

Hypothecation of the car

Loan Tenure

1 Yr to 5 Years

Max Funding

Upto 90% of Car Value

Pre-Closure Charges

0 % to 4 % of outstanding loan amount

 

Features and Benefits

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

Car Loan

Car Loan Eligibility 
  1. A borrower must be an Indian resident
  2. Minimum Income of Rs 15,000 per month
  3. Minimum 1-year Residential stability is mandatory
  4. Minimum 21 years of age is mandatory
  5. Minimum 1 year of employment stability is must

Car Loan  Documentation

When you apply for a Car Loan, these are the documents which are commonly required, so keep them handy.

  1. Income proof: Need to submit your salary slips for the last three months and the statements of your bank account for last six months. For self-employed people, the requirement is to submit the audited bank account statements for last six months.
  2. Employment Proof: Need to submit a copy of the appointment letter and a certificate of employment issued by your company. For self-employed individuals, the partnership deed or business establishment documents need to be submitted.
  3. Tax Proof: Need to submit the IT return or Form 16 documents for the last two years.
  4. Address Proof: Any government sanctioned KYC document can be submitted as proof of residence.
  5. Age Proof: Any government sanctioned KYC document can be submitted as proof of age.

Factors that affect Car Loan Interest Rates

  1. Credit history: The interest rate depends on the credit history you have built in past years, the high cibil score will not only help you in getting a loan but will also empower you with a strong bargaining power.
  2. Income level: Higher the income better are the chances for the approval of higher loan amount.
  3. The amount of down payment: Higher the down payment made lesser will be the amount that the bank will have to lend you. As a result, the bank’s risk will go down. Also, it shows that your financial position is sound. You may get a loan at a lower interest rate from the bank.
  4. Tenure of the loan: Car loan is generally available for the tenure of up to 7 years.  It is generally seen that banks charge a higher interest rate for a loan of the shorter time period and vice versa. Longer tenors will enhance repayment capacity.
  5. Car model and age: It is necessary for the bank to consider the car model in deciding the interest rate as on sale every model may not fetch the expected price. New cars are more easily financed than used cars; a high-end model will be expensive which means the borrower has to be able to pay the required down payment.

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Late Payment Penalty

2% per month

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/-*

Cheque swapping charges

NIL

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

Duplicate Repayment Schedule charges

NIL

Legal, Repossession & Incidental charges

At Actuals

Duplicate no due certificate / NOC

NIL

CIBIL Charges (only on request)

Rs. 50/-

Loan Reschedulement charges

Rs. 1000/-

Special NOC

NIL

 

How to Apply?

Apply online on www.dialabank.com

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. IndusInd Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. IDBI Car Loan

About Hailakandi

Hailakandi is a town and the third district of Indian state, Assam. Hailakandi was constituted as a civil subpart on 1st June 1869. The total population of the city is 6.95 lakhs. The city is famous for its two reserved forests in the Hailakandi district, inner line reserved forest and Kahakhal reserved forest.

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.