Car Loan for Mercedes Benz

About Car Loan for Mercedes Benz

Mercedes Benz is a global automobile manufacturer and a division of the German company Daimler AG. The brand is known for luxury vehicles, buses, coaches and trucks. The headquarters of Mercedes-Benz is in Stuttgart, Baden-Wurttemberg, Germany. This brand is founded in 1926 by Kari Benz and Gottlieb Daimler. To buy your dream car of Mercedes Benz get a car loan with the help of Dialabank at lowest prices.

Check out top-selling Mercedes Benz models and apply now for Car Loan for Mercedes Benz

Features and Benefits of Car Loan for Mercedes Benz from Dialabank

1. We offer extremely quick service to the customers
2. Loans are approved within 24 hours after the documentation process
3. 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
4. The maximum loan amount is up to 90-95%% of the ex-showroom price of the car
5. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
6. Repayment period ranges from 1 to 7 years
7. Prepayment is allowed after 6 months from the disbursement of the loan

Car Loan for Mercedes Benz Interest Rates

To check Car Loan Interest Rate you can visit: Car Loan Interest Rates

Fee & Charges

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.

Eligibility Criteria for Car Loan for Mercedes Benz

The car loan eligibility requirements are as followed for Mercedes Benz:

Salaried

1. Age – Minimum 21 years at the time of application up to 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 up to 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. A person should review the documents required for car loan along with the processing fees.

How to Apply?

Apply online on www.dialabank.com

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