Nowadays, buying a car has become a dream for every person. Limited income does not allow a common man to buy his own car. A Car Loan is a convenient scheme that allows a person to buy a vehicle. Get easy funding to fulfill your dream car home.
What is a Car Loan?
A car loan is a financial help offered by different banks and NBFC's to buy a car. The banks provide the necessary funding for purchasing a car which can be on Ex-Showroom price or the On-Road price of the car. They offered the lowest interest rates and minimum document process.
Why should one choose Car Loan in Delhi?
- Easy monthly repayment options
- Instantly available
- Loan Tenure period varies from 1-7 years.
- Affordable interest Rates
- Easily and quickly available loan
- No hidden charges.
Eligibility Criteria for Car Loan
SALARIED INDIVIDUALS
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
- Minimum Annual Income: Rs 100000 net annual income.
SELF-EMPLOYED
- Minimum age: 30 years
- Maximum age at loan maturity: 60 years
- Minimum employment: At least 2 years in business
- Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
PARTNERSHIP FIRMS
- Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
- Minimum turnover: Turnover Rs. 4.5 lakh.
PRIVATE LIMITED COMPANY
- Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 pa for mid-sized and premium cars
- Minimum turnover: Turnover Rs 4.5 lakh
PUBLIC LIMITED COMPANY
- Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a for mid-sized and premium cars
- Minimum turnover: Turnover Rs 4.5 lakh
Documents you will need to submit
- Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card
- Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card / Aadhar Card
- Bank Statement: Last 6 months
Interest Rates
Interest Rate | ||
New Car | Less than 3 lacs | 10.25% |
3-6 lacs | 9.50% | |
6-10 lacs | 9.25% | |
10-20 lacs | 9.00% | |
More than 20 lacs | 8.70% | |
Used Car | 14.00% |
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
About Delhi
Delhi is a capital and the union territory of India. Delhi is known as the land of mysteries. It has the beauty of architectures and monuments.
Built and rebuilt seven times, it has witnessed a number of events that have brought our country in the history books.
The total population of the city was 1.9 crores, second highest after Mumbai. Delhi is boarded by Haryana and Uttar Pradesh.
Leading Car Loan Providers (Click to Apply)
- HDFC Car Loan
- Kotak Mahindra Car Loan
- Yes Bank Car Loan
- ICICI Bank Car Loan
- Axis Bank Car Loan
- State Bank of India Car Loan
- Canara Bank Car Loan
- IndusInd Bank Car Loan
- Others
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Other Leading Loan Options in Delhi(Click to Apply) |
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