Apply for - Car Loan

AVAIL THE LOWEST RATE OF INTEREST ON YOUR CAR LOAN

Dialabank.com helps you find the most suitable offer for Car Loan 

•  Personalized Service:  Our Relationship Managers are trained to understand your requirements and your profile to find the most suitable Car finance offer.
•  Rate Comparison:  We help you understand the details of all costs involved in taking a Car Loan and help you find the Cheapest Offer.
•  Research:  Benefit from our detailed research on all the products from the leading Car Loan players in the market and make the right choice.
•  Zero Charges:  Dialabank offers personalized service to its customers at zero fees. Use our services to find the right Car Loan deal at no extra cost.
• Unbiased and Transparent Service :  Our objective is to simplify your Car Loan search and we provide information in an unbiased and transparent manner.

Find the Right Car Loan Offer from India's First Financial Helpline

Online: Fill in your Car Loan requirements in the form above and our trained Relationship Manager will contact you with the best Car Loan offers basis your profile.

Dial “600 11 600”: Get the personalized service from our trained Relationship Manager who will help you with your Car Loan requirements.

EMI CALCULATOR

Take benefit of our EMI calculator to check affordability of your Car Loan EMI

Features of Car Loans 

• In case of a new car, loan amount is up to 90% of cost of the car.
• In case of used car, loan amount is up to 80% of the car.
• The maximum loan amount is up to 3 times the annual salary (for salaried professionals) or 6 times the annual income (for self employed professionals).
• The finance period is usually between 1 to 5 years.
• Interest is calculated on the basis of compound interest.
• Equated Monthly Installment (EMI) is applied on repayment.
• Early settlement of the pending amount is available.

Documents Required For Car Loans  

While applying for Car loan, some significant documents are required. Some of them are mentioned as under:

• Identity Proofs in the form of PAN Card, Driving License, Passport or Voters ID
• Monthly income evidence in the form of salary receipt for salaried persons and last three years of IT income for businessmen
• Proof of Address in the form of Electricity Bill, Ration Card, Life Insurance Policy, etc.
• Bank Passbook transactions of the last 6 months
• Previous 3 year IT Returns for self employed
• 2 Passport size photographs

  Eligibility Criteria for Car Loans  

• Minimum Age of Applicant While Applying For Loan: 21 years
• Maximum Age of Applicant at Loan Maturity: 58 years
• Minimum Employment: 1 year in current employment and minimum 2 years of employment in general
• Minimum Annual Income: Rs 100,000 (net)
• Telephone: Must at Residence

Benefits of Car Loans  

• Online Car loans don’t have elaborative or complex “process” for approving your credit. As the reason behind these online Car loans, as it is a single online application will help you to avail your Car loan approved.
• One most important benefit is that it saves your precious time as Car loan process is quite simple. Get your Car Loan approved within a day or even on the same day of application
• Online Car finance is most privileged loan as of the elimination of the procedure as well as application charge.
• Lender can also have the benefits of evaluating the sellers of the car online. Loan application can also be forwarded to various lenders at a same time.
• Within a few minutes, you will receive an extended list of e-mails from lenders who will avail your online car loan. At the same time, you can compare the different Car loan terms and choose the best one available.
• In addition to all these, the lenders also facilitate the bad credit holders with these loans. As well, the lenders also offers poor credit Car loan for individuals having bad credit.

  Tips To Avail the Best Car Loan Deal  

It’s quite delight to get the keys to a new car. For most, the only challenge is paying for the car. Unless you have cash in hand, there is need for some type of Car loan. Follow these four keys to a great Car loan and you can ride around knowing you got the best deal.

  1. Analyze your budget  

Lenders will be happy to lend you more money than you really need.  To make sure that you borrow the right amount, create a budget.  Write down all your sources of income and your expenses, making sure to include any upcoming purchases or lifestyle changes that could impact your finances.  By creating a thorough budget, you'll have a good sense of how much you can afford to spend on a car.

  2. Research the cost  

Once you've got a good idea of how much you can spend on a car, Analyze how much the vehicle will cost.  Be careful:  The expenses include more than just the purchase price.  You'll also need to consider insurance, fuel, maintenance, and interest charges.  Make sure that the overall cost isn't more than 15 to 20 percent of your total budget.

  3. Check your credit score  

Of course, your credit score is going to be a primary factor in determining whether or not you are eligible for a Car loan - that and your income level.  If you have treated past lenders well, paying debts faithfully and on time all of the time, then you will impress the lenders that you are deserving of a loan. If your credit report shows, that you have many (recent) late payments on your debts, an account (or two) in collections, or a recent bankruptcy filing they will seriously think twice about extending credit to you.

  4. Compare New vs. Used  

Choosing between buying a new or used car will affect the size of your loan.  A new car will be much more expensive than a used one-and it will also depreciate much more quickly in value.  However, you may decide that the additional cost is justified if you place more value on the latest safety and convenience features of a new car.

Compare Interest Rates Across Car Loan providers in India:

ICICI Bank Car Loan | HDFC Bank Car Loan | SBI Car Loan | Axis bank Car Loan

Kotak Bank Car Loan | Bank of Baroda Car Loan | Canara bank Car Loan

Reliance Car Loan |Central bank of India Car Loan | PNB Car Loan