About Andaman

The City of Andaman was 3 districts in the Indian Union Territory of Nicobar and Andaman. It is an organizational territory encompasses all of the Andaman Islands. It is situated in the Indian Ocean.

Car Loan Andaman

Buying a car is no more difficult now!  Apply now with Dialabank and enjoy the best loan offers including lowest interest rates, less documentation and maximum funding at zero processing fee assured.

Interest Rates

8.70%-11%

Collateral Required

Hypothecation of the car

Loan Tenure

1-7 Years

Max Funding

Up to 95% of Car Value

Pre-Closure Charges

0 % to 4 % of the outstanding loan amount

 

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 1 year in current employment and 2 years in the same business

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 the last three months. For self-employed people, the requirement is to submit the 1 year ITR.
  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. 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.

car loan

Features and Benefits

  1. Credit history: The interest rate depends on the credit history you have built in past years.
  2. The amount of down payment: Higher the down payment made lesser will be the amount that the bank will have to lend you. The bank’s risk will go down and it shows that your financial position is sound. You may get a car loan at a lower interest rate from the bank.
  3. Tenure of the loan: Car loan is generally available for the tenure of up to 7 years. 
  4. 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 and 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

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 in Ahmedabad(Click to Apply)

Gold Loan Andaman

Personal Loan Andaman

Business Loan Andaman