Car Loan Motihari

What is Car Loan Motihari?

A car loan is a financial help offered by different banks and NBFCs to buy a car. The banks provide the necessary funding for purchasing a vehicle 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.

Interest Rates for Car Loan Motihari

New Car:

1. If the requirement of the applicant is less than Rs. Three lacs then the interest rate charged would be 10.25%.

2. Simultaneously, if the loan amount is between Rs.3 lacs to Rs.6 lacs, then the interest rate charged would be 9.50%.

3. For loan amount between Rs.6 lacs to Rs.10 lacs, a 9.25% interest rate would be charged.

4. If the loan amount varies from Rs.10-20 lacs, then the interest rate charged would be 9.00%.

5. For loan amount being more than Rs. 20 lacs the interest rate would be 8.70%

Used Car:

The interest rate charged for used cars has been fixed at 14.00%.

Eligibility Criteria for Car Loan Motihari

Salaried Individuals

1. Minimum age: 21 years

2. Maximum age at loan maturity: 65 years

3. Minimum employment: 1 year in current work and a minimum of 2 years of work.

4. Minimum Annual Income: Rs 100000 net annual income.

Self-Employed

1. Minimum age: 30 years

2. Maximum age at loan maturity: 60 years

3. Minimum employment: At least two years in business

4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Why should one choose Car Loan Motihari?

1. Easy monthly repayment options

2. Instantly available

3. Loan Tenure period varies from 1-7 years.

4. Affordable interest Rates

5. Easily and quickly available loan

6. No hidden charges.

Documents Required for Car Loan Motihari

1. Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card

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 / Aadhar Card

4. Bank Statement: Bank statements for the last six months are also required.

5. Car quotation is also required.

Car Loan Motihari Eligibility

1)Private Employees: If the salary of the individual is more than Rs. 25,000, then the loan, is given on a 100% ex-showroom price.

2) Government Employees: If the government employee has his own house and has a good CIBIL Cibil score than the loan is given on 100 % on road price.

3) Internal Customer: 1oo% on road loan is given if the customer is from HDFC, Kotak, Yes Bank or Axis bank.

Additional Information of Car Loan Motihari

1.  The CIBIL of the applicant needs to be more than 700.

2.  The loan is given for a period of 60 months to 84 months.

3.  The minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.

4.  Also, the top-up amount is twice the paid loan amount.

5.  Car Loan is not given to constables.

6.  The persons having CIBIL 0, 1, -1 are also considered right customers.

7.  If the installment gets bounced, then the amount charged by the bank will be doubled for the respective month.

Car Loan Motihari for the Agriculturist

– If the amount is Rs.10 lacs, then the farmer should have a land of about 3-5 acres, and he will get a loan to 65-75% of the total loan amount.

– If the loan amount is more than rs. 10 lacs, then the farmer should own at least 20 acres of land. He will get the percentage of the loan amount depending upon his income and ITR.

Why should you choose Dialabank for a Car Loan?

1. Dialabank offers you a car with the lowest interest rates and with minimum documentation schemes.

2. Dialabank is an Indian first Financial Helpline where the company provides eligibility and price comparison for financial products.

3. Dialabank Car Loan is a convenient scheme that allows a person to bring home a vehicle.

4. Dialabank offers car loans up to 100% ex-showroom price of the car, and up to 7 years tenure.

5. Apply now on our official website dialabank for instant approval and faster processing of your car loan.

How to apply for Car Loan Motihari?

1. Visit Dialabank

2. Go to the loan section and select auto loan followed by car loan link.

3. The applicant will be directed to all the details of the car loan where they can choose their preferred city.

About Motihari

Motihari is the headquarters of East Champaran district in the state of Bihar, India. If you want to take Car Loan Motihari, visit our website and get the loan on low rate of interest.