Car Loan Pen

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Rates as low as 7.05%*
Up to 100% Funding
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Car Loan Pen

Best Banks for Car Loan in Pen

Private Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Pen FeaturesCar Loan Pen

Did you saw a car that you want in your parking but don’t have the needed funds for it? Don’t worry at all!

This is where Dialbank’s car loans are available to help you out. A car loan is a financial help that is given by banks and NBFC’s for a specific period of time ranging from 24 months to 60 months, for both brand new and second-hand ones.

They give significant funding for getting a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy compensation options.

Dialabank brings you amazing offers for a car loan in Pen. We Give you the lowest rate of interest for car loans, which you won’t find anywhere else directly. Very minimum documentation is required to get a car loan. You will receive the loan approval in very little time after all the verification procedures are done.

Giving a car loan for both all types of applicants whether Self-employed or salaried people and even on new as well as used cars.

Car Loan Pen Interest Rates

Bank Processing Fee
Prepayment Charges
HDFC Bank Car Loan (1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan 1 % to 2.50% Nil
Private Bank Car Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan 500/- to 0.50% Nil
Kotak Car Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan Nil Nil
Muthoot Car Loan Nil Nil
Manappauram Car Loan Nil Nil
PNB Car Loan 0.70% to 1% Nil
Canara Bank Car Loan 0.01 Nil
Andhra Bank Car Loan Nil Nil

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Pen Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Proof of Identification: Passport copy, Voters ID card, PAN Card, Driving License
  2. Income Proof: Newest 3-month salary sheet with form 16
  3. Residence Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Driving License, Voters ID card
  2. Income Proof: Latest ITR
  3. Address Proof (Any 1): Ration card/ Voters card / Passport Copy / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Pen Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a least of 2 years of employment
  4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for regular cars and Rs.100000 per annum for mid-sized and superior cars

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Car Loan for Major Car Manufacturers in Pen


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Processing Fees/ Prepayment Charges on Car Loan in Pen

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq + GST
Floating Rate of Interest Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs Rs 200 + GST

Car Loan Pen Agent Contact Number

Dialabank serves as a bridge to find the most suitable option among different Banks and NBFCs by presenting you with a comprehensive and structured market comparison of many banks. The additional worries about the complex data and processes are excreted that you have to go through. So, you can make the best choice. Dialabank guides every client properly and helps in the whole car loan Pen process.

Phone us up at 9878981166 to get more data on car loans and we will give you the most useful advice to help you reach your dream easily, quickly, and efficiently.

Pre Calculated EMI Table for Car Loan Pen

Rate 5 Yrs 4 Yrs 3 Yrs
10.50% 2149 2560 3250
11.00% 2174 2584 3273
11.50% 2199 2608 3297
12.00% 2224 2633 3321
12.50% 2249 2658 3345
13.00% 2275 2682 3369
13.50% 2300 2707 3393
14.00% 2326 2732 3417
14.50% 2352 2757 3442
15.00% 2378 2783 3466

Car Loan EMI Calculator Pen

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About Pen

The pen is a town and taluka in Raigad district of the Indian state of Maharashtra. It is well-known for world-class Ganesh idols. It is the geological and educational center of Raigad district. The name of Pen is derived from the term “Pene”, which signifies ‘A place to rest’. Although no one is sure about the origin of Pen, historians think it probably dates back to the events of Buddha. The Pen Municipal Council has a population of 37,852 as per the 2011 census of India. The literacy rate of Pen city is 91.40% higher than the state average of 82.34%.

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