Everyone wants to seek for family comfort and convenience. If you are one of them then buying a car is not a bad idea. You don’t need to drop the idea of buying a car due to lack of funds.

We understand your needs and desire, which is why we help you in getting a car loan at the best interest rate and affordable EMIs. Car Loan provided by us in Baddi is a secured loan.

Car Loan Eligibility

1.   A borrower must be an Indian resident

2.   Minimum Income of Rs 18,000 per month

3.   Minimum 1 year Residential stability

4.   Minimum 21 years of age is mandatory

5.   Minimum 1 year of employment stability is a must

Car Loan

Car Loan documents

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 the last six months. For self-employed people, the requirement is to submit the audited bank account statements for the 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 
  3. Address Proof: Any government sanctioned KYC document can be submitted as proof of residence.
  4. Age Proof: Any government sanctioned KYC document can be submitted as proof of age.

Interest Rates for Car Loan 

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%
 

 

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 the 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

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 Car Loan
  5. Axis Bank Car Loan
  6. SBI Car Loan
  7. Canara Bank Car Loan
  8. IndusInd Bank Car Loan

About Baddi

Baddi is an industrial town and a Nagar Panchayat in the Southwestern Solan district of Himachal Pradesh.

The town lies on the border of Himachal Pradesh and Haryana states in the Shivalik. It is a big hit among tourists seeking tranquillity and peace. 

Baddi travel guide is full of references to the mesmerizing sceneries and serene spots. Baddi is undeniably a very wonderful city to plan your holidays with your loved ones.

Used Car Loan EMI Calculator

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

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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 Baddi

Personal Loan Baddi

Business Loan Baddi