All About Car Loan Mumbai
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.
Dialabank Car Loan Mumbai
Nowadays, buying a car has become a dream for an individual. Limited income and overbearing expenses do not allow you to buy your favorite car.
Dialabank offers you a car with the lowest interest rates and with minimum documentation schemes.
Dialabank is an Indian first Financial Helpline where the company provides eligibility and price comparison for financial products.
Dialabank Car Loan is a convenient scheme that allows a person to bring home a vehicle.
Dialabank offers car loans up to 100% ex-showroom price of the car, and up to 7 years tenure.
Apply now on our official website www.dialabank.com for instant approval and faster processing of your car loan.
Why should one choose Car Loan Mumbai?
- Easy monthly repayment options
- Instantly available and easy to pay back
- Loan Tenure period varies from 1-7 years.
- Affordable
- No hidden charges
- Simple and Hassle free
- Flexibility of payment
- Minimum Documentation
- Attractive Interest Rates
Eligibility Criteria for Car Loan Mumbai
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed– at least 3 years in business
- Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Documents you will need to submit for Car Loan Mumbai
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: For Salaried– Latest 3-month 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
- Bank Statement: Last 6 months.
Interest Rates of Car Loan Mumbai
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/-* |
Car 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 |
Loan Reschedulement charges | Rs. 1000/- |
How to Apply for Car Loan Mumbai?
Apply online on www.dialabank.com
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
About Mumbai
Mumbai, the land situated on the west coast of India is a group of seven islands. With the high population density in the country, it has also become the commercial capital of the nation. The city is known as the Bollywood city of India.
The Victoria Terminus station, The Gateway of India, and The Bhabha Atomic Research Centre are the Landmarks of Mumbai.
The total population of the city was 1.84 crores.
Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.
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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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