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

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%


Features of Car Loan Cuttack

  1. Up to 95% funding available for new cars
  2. Up to 85% funding available for used cars
  3. Loan period is usually between 1 to 7 years.
  4. Interest is calculated on the basis of compound interest.
  5. Equated Monthly Instalment (EMI) is worked out for repayment.
  6. Early settlement of the pending amount is available subject to pre-payment penalty.

Apply For Car Loan

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:

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

Eligibility Criteria of Car Loan Cuttack

Following are the Eligibility of Car Loan in Cuttack:

  1. Minimum Age of Applicant: 21 years
  2. Maximum Age: 58 years (at the time of the maturity of the loan)
  3. Minimum Employment: 1 year in current employment and minimum 2 years of employment in general
  4. Minimum Annual Income: Rs 100,000 (net)

Car Loan

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 Cuttack

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.

 

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 Cuttack

Personal Loan Cuttack

Business Loan Cuttack