AVAIL THE LOWEST RATE OF INTEREST ON CAR LOAN FROM LAKSHMI VILAS BANK

car loan

Call us on 600 11 600

About Lakshmi Vilas Bank 

Lakshmi Vilas Bank Limited was founded in 1926 by seven people of Karur. It was mainly established to cater to the financial needs of varied customer segments. The Bank has an ATM network of 685, in vital/Major locations.

About Lakshmi Vilas Bank Car Loan

  1. Everyone wants to own a car and also for that they are aware that getting approved for auto finance is essential.
  2. The Lakshmi Vilas Bank Car Loan is a financial product that offers finance to people for buying a vehicle.
  3. The loan provides monetary support to people and helps them in making their dream of owning a vehicle come true.

 

Features and Benefits of a Lakshmi Vilas Bank Car Loan 

  1. We offer extremely quick service
  2. The minimum loan amount is Rs.1 lakh, and maximum Loan amount depends upon the price of the car, varies with the car model, profile of the customer etc.
  3. The maximum loan amount is up to 90% of the ex-showroom price of the car
  4. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
  5. Repayment period ranges from 1 to 5 years
  6. Loans are approved within 24 hours after the documentation process
  7. Prepayment is allowed after 6 months from the disbursement of the loan

 

Lakshmi Vilas Bank Car Loan Interest Rates 

New Car Interest Rate

Amount Less than 3 lacs 

  • Interest Rate 10.25 to 10.15
  • Average 10.5

Amount 3 – 6 lacs

  • Interest Rate 9.50 to 10.25
  • Average 9.75

Amount 6 – 10 lacs

  • Interest Rate 9.25 to 9.75
  • Average 9.5

Amount  10 – 20 lacs

  • Interest Rate  9.10 to 9.65
  • Average - 9.35

More than 20 lacs 

  • Interest Rate  8.90 to 9.25
  • Average – 9

 

Used Car Interest Rate & Loan Against the Car 

  • Interest Rate  13% – 16%
  • Average   14%

 

Lakshmi Vilas Bank Car Loan Tenure 

  • New Car Loan –  Minimum 2 year - Maximum 7 year
  • The used car loan and Loan against the car – Minimum 2 year - Maximum 4 year

 

Lakshmi Vilas Bank Car Loan Charges  

  •  Pre-closer charges – 0 – 2.5%
  •  Processing Fee – 0 to 3 %

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

Lakshmi Vilas Bank Car Loan Eligibility

  1. Minimum age: Limit is 21 years and the maximum is 65 years
  2. Employment: For Salaried 1 year in current employment / For Self- Employed at least 2 years in business
  3. Annual Income: For Salaried Rs. 18000 per month/ For Self- Employed Rs. 18000 per month
  4. Telephone: Must at the residence.

 

Lakshmi Vilas Car Loan Documentation Process

  1. Identity Proof- Aadhar card, PAN Card, Voters ID card, Driving License
  2. Income Proof- For Salaried Latest salary slip of 6 months/ For Self- Employed Latest 1 year ITR
  3. Address Proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill etc.
  4. Bank Statement: Last 6 months

 

How to Apply for Lakshmi Vilas Bank Car Loan

  1. Firstly visit www.dialabank.com
  2. Secondly, Fill the online application form 
  3. Thirdly, Enter the basic information in the above application form.
  4. After that, For more information call 7707861526 or 60011600 with your city code.
  5. The process is very easy and simple.

 

FAQ

Ques.  Does Dialabank charge me for its services?

Ans: No, Services by Dialabank come to you free of cost.

Ques. A Best online platform for availing Lakshmi Vilas Bank Car Loan?

Ans: Firstly Dialabank is the best platform to get a loan through. Secondly, they provide you hassle-free process as well as the low rate of interest in the market as compared to others.

Ques. How much processing fee for a Lakshmi Vilas Bank Car Loan?

Ans: Processing fee started at 0 -3%.

Ques. In Lakshmi Vilas Bank Car Loan can I avail EMI facility?

Ans: Yes, he /she can avail Term Loan with EMI as repayment type for the tenures of 2 years to 7 years.

Ques. Whom do I contact for more details?

Ans: Call us (enter area code) 600-11-600 or 7707861526 for more details.

Ques. How much funding can I expect in terms of the car loan?

Ans: Firstly this factor differs from bank to bank. Besides that, few banks offer the complete 100% funding.

Ques. Can I change my car loan tenure?

Ans: Yes, you can change the tenure as well as the amount of the loan. But this would imply that the interest rate and the amount of installment will change accordingly.

Ques. Can I transfer my car loan to another person?

Ans: If you have sold are or trying to sell your car to someone else, you may be able to transfer your loan to the buyer as well. However, the person to whom you want to move the loan must be approved by your lender and pass a credit check.

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  9. Others

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