Owning a car does not only represent a status in a society but also gives a comfort life.

We understand your dreams and desire, therefore, we are offering you the best deal on the car loan. As we all know having own vehicle is so important nowadays.

A car loan is a way to fulfill your desire of having your own car. Apply now for a car loan with us to get a quick disbursement.

Interest Rates for Car Loan 

New Car Loan Interest Rate

Used Car Loan  Interest Rate

    Processing Fee   

less than 3 lacs-10.25%

more than 3 lacs 8.70-9.25%

14.00 % 

NC: Rs.1250+GST

UC: Rs.2500+GST

 

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 is mandatory
  4. Minimum 21 years of age is mandatory
  5. Minimum 2 year of employment stability is a must and for 1 year in the same business

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:  For the salaried need to submit a copy of salary slip with Form 16 and For the Self-Employed need to submit latest and previous ITR.
  2. Employment Proof: For the salaried need to submit a copy of the appointment letter and a certificate of employment issued by your company ( minimum form 1 year in the employment). For self-employed individuals, the partnership deed or business establishment documents need to be submitted (minimum from 2 years in the same business)
  3. Address Proof: A copy of Aadhar card/PAN Card/Ration card/Voter ID/Rental Agreement/Property Document.
  4. Age Proof: Any government sanctioned 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 a 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

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. CanaraBank Car Loan
  8. IndusInd Bank Car Loan
About Mamit

Mamit is a census town in Mamit district, Mizoram, India. The population of the city is 5,261.

Used Car Loan EMI Calculator

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

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal

 

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 Mamit

Personal Loan Mamit

Business Loan Mamit