Car Loan Interest Rates

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About Car Loan Interest Rates

Car Loan Interest Rates


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A Car Loan is designed for those individuals who are willing to buy a car but couldn’t due to lacking funds. Now, Dialabank is offering a car loan with flexible repayment option at the Lowest Interest rates. 

We are here to help you in getting the best loan offers among the leading banks and NBFC’s in the country. Dialabank is India’s First Financial Helpline that helps you to compare and get the best Financial Deal. 

New Car Loan Interest Rates

New Car Loan
Loan BandDeviation Rate Grid with MI/SK/CP 
 (36-60 Months) 
Auto Loans
Less than 3 lacs10.60%
3 – 6 lacs9.50%
6 – 10 lacs9.35%
10 – 20 lacs9.10%
more than 20 lacs (37-60 Months)8.85%

Used Car Loan Interest Rates

Used Car
Loan BandTenure less than 23 MonthsTenure more than 23 Months
less than 3 Lacs15.00%15.50%
 3 – 6 Lacs14.50%15.00%
6 – 10 Lacs13.50%14.00%
10 – 20 Lacs13.00%13.50%
more than 20 Lacs12.75%13.25%


  • No foreclosure allowed within 6 Months from date of availing the car loan
  • 6% of Principal Outstanding for pre-closures within 1 year from 7th EMI
  • 5% of Principal Outstanding for pre-closures within 13-24 months from 1st EMI
  • 3% of Principal Outstanding for pre-closures post 24 months from1st EMI

Processing Fee

Processing Fee
Loan BandNo Approval Required
 Loan Amount less than Rs.20 Lacs1750
 Loan Amount more than or equal to Rs.20 Lacs2250

Why one should choose Car Loan

  1. Easy monthly repayment options
  2. Instantly available
  3. Loan Tenure period varies from 1-7 years
  4. Affordable interest Rates
  5. No hidden charges

Eligibility for Car Loan

  1. Minimum age:  For Salaried- 21 years / For Self Employed- 30 years ( less than 30 years co-applicant is needed)
  2. Maximum age at loan maturity: For Salaried-65 years (more than 65 years co-applicant is needed) / For Self Employed– 60 years
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self- Employed– at least 2 years in business
  4. Minimum Annual Income: For Salaried- Rs.18000 / For Self- Employed- 2 years ITR (with previous ITR)
  5. Telephone: Must at the residence.

Documents you will need to submit

  1. Identity Proof: Passport copy / PAN Card / Voters ID card / Driving License
  2. Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card
  4. Bank Statement: Last 3 months

How to Apply?

Apply online on

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. ICICI Car Loan
  5. Axis Bank Car Loan
  6. SBI Car Loan
  7. CanaraBank Car Loan
  8. IndusInd Bank Car Loan
Used Car Loan EMI CalculatorSIP Calculator
EMI CalculatorSIP Calculator

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Disclaimer: The information provided on 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 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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