Capital Small Finance Bank Car Loan

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Capital Small Finance Bank Car Loan Key Features

Capital Small Finance Bank Car Loan Interest Rate 7.35%* per annum
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
Loan up to 80% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure Up to 7 Years
Lowest EMI / Lac ₹ 1,300
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 2,00,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee 1% (Minimum Rs.500)
Foreclosure Charges As per lender’s terms and conditions.
Basic Documentation Car quotation, Salary Slip, ID Proof, Address Proof and Bank Statement

About Capital Small Finance Bank Car Loan

Capital Small Finance Bank started working on April 24, 2016, as India’s first small finance bank. It was earlier Capital Local Area Bank and was most significant in the business.
Headquartered in Jalandhar, Punjab, Capital Small Finance Bank has their card acceptance in more than 2.40 lakh ATMs.

Capital Small Finance Bank provides car loans at a reasonable rate of interest by checking the eligibility criteria set by the authority.

 

Advantages of Capital Small Finance Bank Car Loan

Capital Small Finance Bank Car Loan

Capital Small Finance Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Employment Duration – More than one year
  • Income Eligibility – Present Form 16 and Salary Slip
  • Net Monthly Income – should be minimum ₹ 20,000
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 2 Lakh or more depending on the car variant.
  • Employment Duration – >3 years
  • Income Eligibility – Based on ITR
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs.2 Lakhs
  • Employment Duration – A Minimum of 3 years
  • ITR and Audited Documents of Previous 2 Financial Years.
Priority Customers
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last two quarters
  • Average Quarterly Balance – Minimum Rs.1 lakh for the last two quarters

Capital Small Finance Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate      7.35% p.a. to 11.30% p.a.     14.80% p.a. to 16.80% p.a.
Processing fee 1% (minimum Rs.500) 1% (minimum Rs.500)
Issuance of Duplicate Repayment Schedule Charges Approx Rs.400 Approx Rs.400
Foreclosure Charges As per lender’s terms and conditions. As per lender’s terms and conditions.
Penal Interest Not applicable Not applicable
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Approx Rs.400 Approx Rs.400
Documentation Charge Approx Rs.400 + GST Approx Rs.400 + GST
Issuance of Duplicate No Dues Certificate Charges Approx Rs.400 Approx Rs.400
Registration Certification Collection Charge Approx Rs.200 Approx Rs.200
Cheque Bounce/Instrument Return Charges Approx Rs.400 Approx Rs.400
Issuance of Duplicate Statement Charges Approx Rs.400 Approx Rs.400
Loan Cancellation/Re-booking Charges 5% + GST 5% + GST
Issuance of Credit Report Approx Rs.50 Approx Rs.50

Capital Small Finance Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Aadhar Card
Passport
Voter ID
PAN Card
Address Proof

 

(Any 1)

Electricity Bill
Aadhar Card
Driving License
Date of Birth Proof

 

(Any 1)

Birth Certificate
Aadhar card
High School Marksheet
Signature Proof

 

(Any 1)

Banker’s Verification
Passport
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last three months
Employment Continuity Proof Salary Slip with Joining Date
Work Experience Certificate
ITR of Form 16

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Aadhar card
PAN Card
Passport
DL
Address Proof (Any 1) Utility Bill
Driving License
Electricity Bill
Rent Agreement
Date of Birth Proof (Any 1) Birth Certificate
Passport
High school Mark Sheet
Driving Licence
Signature Proof (Any 1) Bankers Verification
PAN
Income Proof Form 16 and Salary Slips
Bank Statement Bank statement of the previous three months
Employment Continuity Proof Current Account Statement
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Shop & Establishment Act Certificate
Telephone Bill/Electricity Bill
SSI or MSME Registration Certificate
Registered Lease Document and utility bills of the same

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) PAN Card
Aadhar Card
Passport
Address Proof (Any 1) Passport
Driving License
Electricity Bill
Income Proof P&L Account and ITR for at least last 2 Years
Balance Sheet Audited
Bank Statement Bank statement of the previous two months at least
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous two years
Bank Statement Bank statement of last three months
Business Continuity Proof SSI or MSME Registration Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Current Account Statement
Additional documents
PAN Card
List of Directors and Shareholding Partners
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Capital Small Finance Bank Car Loan EMI Calculator

Calculate your Capital Small Finance Bank Car Loan EMI Easily using Dialabank’s Calculator in just simple steps.

Car Loan EMI Calculator

Capital Small Finance Bank Car Loan Types

Considering customer needs to buy a car Capital Small Finance provides various types of Car Loans:

  1. New Car Loan –  Buy any new car and get a loan for a long tenure up to 7 years.
  2. Used Car Loan – Buy any used car and get a loan for a long tenure up to 5 years.
  3. Loan Against Car – Get a loan against your pre-owned car and avail funds for any of your needs.

Capital Small Finance Bank Car Loan Pre Calculated EMI

How to Apply for Capital Small Finance Bank Car Loan?

  1. Fill a form on Dialabank’s website.
  2. Get assistance from our Relationship Manager throughout the loan process.
  3. Our representative will guide you and help you compare among various options available.
  4. Choose Dialabank to apply for Car Loan for getting best deals on it.

Capital Small Finance Bank Car Loan for Top Selling Cars

Other Available Products from Capital Small Finance Bank

Personal Loan Gold Loan Education Loan
LAP TWL Home Loan

FAQs for Capital Small Finance Bank Car Loan

✅ What is Capital Small Finance Bank Car Loan?

Capital Small Finance Bank Car Loan is a financial product of Capital Small Finance Bank which provides Loan to the customers for purchasing a Car.

✅ How can I get Car Loan from Capital Small Finance Bank?

You can apply for Car Loan with Capital Small Finance Bank by directly contacting the branch or apply with Dialabank for exciting offers on Car Loan.

✅ How does Capital Small Finance Bank Car Loan work?

Capital Small Finance Bank provides Loan to applicants willing to purchase a new car and car is the only collateral involved in the process. Monthly EMIs are fixed with interest rates being charged on it.

✅ What is the Car Loan Interest Rate in Capital Small Finance Bank?

7.35% Per Annum is the Minimum Rate of Interest charged by the Capital Small Finance Bank against the loan.

✅ How to Check Car Loan status in Capital Small Finance Bank?

You can check your Car Loan status by directly entering your Loan details in “Loan Status” address on Capital Small Finance Bank official website. Or contact your Capital Small Finance Bank Loan Department.

✅ How to Calculate Car Loan Interest in Capital Small Finance Bank?

You can easily calculate Interest as well as EMI of your Loan by using Dialabank’s EMI Calculator.

✅ What is the maximum loan amount I can avail on Car Loan from Capital Small Finance Bank?

Maximum Loan depends upon the Profile of the applicant and Price/variant of the car. Whereas, you can get a loan up to 100% value of the ex-showroom price.

✅ What is the loan tenure of Capital Small Finance Bank Car Loan?

Tenure of Capital Small Finance Bank car Loan can go up to 7 Years.

✅ Can I get 100% Car Loan from Capital Small Finance Bank?

Yes, you can avail 100% Car Loan on the ex-showroom price of the car.

✅How much Processing Fee is applicable on Capital Small Finance BankCar Loan?

1% of principal amount ( minimum Rs.500) is the basic Processing Fee charged by Capital Small Finance Bank on Car Loans.

✅What are the EMI options available on Capital Small Finance Bank car loan?

Step-Up EMI and Balloon EMI.

✅What are the charges for Prepayment in Capital Small Finance Bank Car Loan?

Capital Small Finance Bank Car Loan prepayment Charges are  As per lender’s terms and conditions.

✅Can I get a top-up loan on my existing Capital Small Finance Bank car loan?

Yes, Capital Small Finance Bank provides an option of Top-up Loan on Capital Small Finance Bank Car Loan for existing customers.

✅Do I need to provide a guarantor to avail a car loan from Capital Small Finance Bank?

No, Capital Small Finance Bank Car Loan Doesn’t require any guarantor.

✅How to get the Capital Small Finance Bank Car Loan Statement?

Get your Car Loan Statement from Capital Small Finance Bank Car Loan portal by logging in to it. Or Get it directly from the branch.

✅How to Pay Capital Small Finance Bank Car Loan Interest Online?

Pay your Capital Small Finance Bank car Loan online by using Net Banking on Capital Small Finance Bank official website.

✅What if I can’t pay the interest on Capital Small Finance Bank Car Loan for three months?

Bank can take legal actions against you if you fail to pay interest for three months before any prior notice.

✅How can I apply for EMI Moratorium on Capital Small Finance Bank Car Loan?

You can apply for EMI Moratorium by the direct link provided by the Bank through SMS or By visiting Capital Small Finance Bank Official Website.

✅What is the number for Capital Small Finance Bank Car Loan agent?

Dialabank is the most reliable Car Loan agent of Capital Small Finance Bank so Call us at 9878981166.

✅ Can I close Capital Small Finance Bank car loan online?

You can initiate the Loan Closure procedure online but have to visit the branch to finish it.

✅ What is Capital Small Finance Bank Car Loan Customer Care Number?

Ring us at 9878981166 for any of your questions.

✅ How can I get NOC from Capital Small Finance Bank for a car loan?

Collect your NOC directly from the branch after closing your loan account and paying off all your outstanding amounts.

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