Buying a car is a more of a necessity today than a luxury, therefore, apply for a car loan with Dialabank and enjoy the best loan offers including lowest interest rates, less documentation and maximum funding at zero processing fee assured.

Why Choose Car Loan in Zirakpur

Interest Rates

9.50%

Collateral Required

Hypothecation of the car

Loan Tenure

Upto 7 years

Max Funding

Upto 80-85% of Car Value

Pre-Closure Charges

0 % to 4 % of the outstanding loan amount

 

Features and Benefits

Affordable

Simple and Hassle free

Easy to pay back

Flexibility of payment

Speedy Approval in 4 hours

Minimum Documentation

Attractive Interest Rates

Car Loan Eligibility

A borrower must be an Indian resident

Minimum Income of Rs 15,000 per month

Minimum 1-year Residential stability is mandatory

Minimum 21 years of age is mandatory

Minimum 1 year of employment stability is the must

Car Loan Documents

Identity Proof- Aadhar card, PAN Card, Voters ID card, Driving License

Income Proof- For Salaried Latest salary slip of 6 months/ For Self- Employed Latest 1 year ITR

Address Proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill etc.

Factors that affect Car Loan Interest Rates

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.

Income level: Higher the income better are the chances for the approval of higher loan amount.

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.

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.

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.

About Zirakpur

Zirakpur is a satellite town, in Mohali District, Punjab. The city is set on the foothills of Shivalik hills and is part of the tehsil Dera Bassi. The total population of the city was 95,556 in 2011.

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Late Payment Penalty

2% per month

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/-*

Cheque swapping charges

NIL

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

Duplicate Repayment Schedule charges

NIL

Legal, Repossession & Incidental charges

At Actuals

Duplicate no due certificate / NOC

NIL

CIBIL Charges (only on request)

Rs. 50/-

Loan Reschedulement charges

Rs. 1000/-

Special NOC

NIL

 

How to Apply?

Apply online on www.dialabank.com

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. IndusInd Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. IDBI Car Loan

 

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.