Car Loan for Mahindra

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About Car Loan for Mahindra

Car Loan for Mahindra

If you are looking for Mahindra cars but don’t have funds and savings than apply for a car loan on Dialabank and buy your favorite Mahindra Model. The cost of your vehicle can be repaid through EMIs.

We are having a scheme that offers monetary support to people and helps them to get their own car. This loan is one of the most popular loans among customers because of its competitive rates and flexible terms.

We are offering a car loan for Mahindra at the lowest rate of interest to our customers. Car Loan is a secured loan. We will offer you schemes like instant loan approval, a minimum document required and less process fee.

About Mahindra

Mahindra company is one of the oldest Indian car manufacturers, headquartered in Mumbai and Igatpuri, Maharashtra. Starting with assembling Willy’s Jeep in the 60s, Mahindra has become one of the famous SUV makers in the country with most of its line-up featuring large cars.

The Mahindra Bolero utility vehicle is the highest selling vehicle and is followed by its other stalwart, the Mahindra Scorpio. Known for their rugged build and durability, Mahindra cars are popular in the semi-urban and rural markets in India.

Check out top-selling Mahindra models and apply today for Car Loan for Mahindra

Mahindra

Mahindra Alturas G4

Rs.26.95 Lakhs onwards

Mahindra Scorpio

Rs.10.09 Lakhs onwards

Mahindra Marazzo

Rs.9.99 Lakhs onwards

Mahindra Bolero

Rs.7.46 Lakhs onwards

Mahindra XUV500

Rs.12.62 Lakhs onwards

Mahindra Thar

Rs.6.54 Lakhs onwards

Mahindra KUV100 NXT

Rs.4.77 Lakhs onwards

Mahindra TUV300

Rs.8.37 Lakhs onwards

Mahindra Xylo

Rs.9.34 Lakhs onwards

Mahindra TUV300 PLUS

Rs.9.74 Lakhs onwards

Mahindra Verito

Rs.7.46 Lakhs onwards

Mahindra e2o PLUS

 Rs.7.44 Lakhs onwards

Mahindra NuvoSport

Rs.7.97 Lakhs onwards

Mahindra Scorpio Getaway

Rs.10.9 Lakhs onwards

Mahindra Verito Vibe CS

Rs.6.55 Lakhs onwards

Mahindra e20 NXT

Expected Price: Rs.6 Lakhs

Upcoming

Expected to launch in January 2019

Mahindra XUV300

Expected Price: Rs.8 Lakhs

Upcoming

Expected to launch in February 2019

Mahindra eKUV100

Expected Price: Rs.8 Lakhs

Upcoming

Expected to launch in December 2019

Features and Benefits of Car Loan for Mahindra from Dialabank
  • We offer extremely quick service to the customers
  • Loans are approved within 24 hours after the documentation process
  • 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
  • The maximum loan amount is up to 90-95%% of the ex-showroom price of the car
  • LTV (Loan to value) of up to 90% of the ex-showroom price of the car
  • Repayment period ranges from 1 to 7 years
  • Prepayment is allowed after 6 months from the disbursement of the loan
Car Loan for Mahindra Interest Rates

New Car Loan

Loan Band

Deviation Rate Grid with MI/SK/CP

Less than 3 lacs

10.60%

3 – 6 lacs

9.50%

6 – 10 lacs

9.35%

10 – 20 lacs

9.10%

more than 20 lacs

8.85%

Used Car Loan

Loan Band

Tenure less than 23 Months

Tenure less than 3 Months

less than 3 Lacs

15.00%

15.50%

 3 – 6 Lacs

14.50%

15.00%

6 – 10 Lacs

13.50%

14.00%

10 – 20 Lacs

13.00%

13.50%

more than 20 Lacs

12.75%

13.25%

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Processing fees

Loan Amount less than 20 lacs

Rs.1750/-

Loan Amount more than or equal to 20 lacs

Rs.2250/-

All

Rs.300/-

Legal, Repossession & Incidental charges

At Actuals

Loan Reschedulement charges

Rs.1000/-

Now fulfill your dream of buying a car with Dialabank. Submit the following documents to our branch or apply online at dialabank to check your eligibility.

Car Loan for Mahindra Eligibility criteria 
Salaried
  1. Age – Minimum 21 years at the time of application upto Maximum 65 years (more than 65 years co-applicant is needed)
  2. Income –Minimum Income must be Rs.2,50,000/- per annum.
  3. Work Experience –A minimum of 2 years of total experience, and must have completed 1 year of service with the current employer immediately prior to application.
  4. Residence stability- 2 years in the city and 1 year in the current residence or should be residing the own house
Documentation Required
  1. 2 passport size photos
  2. Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
  3. Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
  4. Income Proof- Latest 3 months salary slip
  5. Latest 6 months banking statements
Self-Employed
  1. Age – Minimum 30 years at the time of application upto maximum 60 yrs (less than co=applicant is needed)
  2. Income –A minimum net profit of Rs.2,00,000/- per annum.
  3. Business Experience – 2 years of minimum business stability mitigated with proof.
  4. Residence stability – 2 years in the city and 1 year in the current residence or should be residing the own house
Documentation Required
  1. 2 passport size photos
  2. Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
  3. Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
  4. Income Proof- Latest 2 years ITR with computation
  5. Latest 6 months banking statements
  6. Business Proof- CST Certificate / Labour act, Shop Establishment act / SSI Certificate, Rental deed / Utility deed in the name of the company
Leading Car Loan Providers (Click to Apply)
  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. ICICI Bank Car Loan
  5. Axis Bank Car Loan
  6. State Bank of India Car Loan
  7. Canara Bank Car Loan
  8. Indusind Bank Car Loan
  9. Others
Used Car Loan EMI Calculator SIP Calculator
EMI Calculator SIP Calculator

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

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.

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