DCB Bank Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

DCB Bank Car Loan Key Features – Jan 2021

Interest Rate Starts@7.50%
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of the car value
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,526
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 70 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Processing Fee Up to 2% of the loan amount
Foreclosure Charges 4% of the outstanding principal
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation

About DCB Bank Car Loan

DCB Bank is a new private sector bank in India. It has 336 branches and 505 ATMs spread over India. DCB Bank provides financial products to individuals, small and medium businesses, and rural banking.

DCB Bank offers Car Loans at reasonable interest rates to the customer for buying a car whether new or second hand. A car loan is easily available which can be got by anyone with a good credit/CIBIL score.

DCB Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be a minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-70 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

DCB Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate Starts@7.50% Starts@10.24%
Processing fee 2% of the loan amount 2% of the loan amount
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges 4% of the outstanding principal 4% of the outstanding principal
Penal Interest 2% per month 2% per month
Part Payment charges 2% of the paid amount 2% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.1,500 per instance Rs.1,500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs. 100 per instance Rs. 100 per instance
Registration Certification Collection Charge NIL NIL
Cheque Bounce/Instrument Return Charges Rs. 500 per instance Rs. 500 per instance
Issuance of Duplicate Statement Charges Rs. 100 per instance Rs. 100 per instance
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

DCB Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

DCB Bank Car Loan EMI Calculator

An applier has the choice to check the EMI’s before getting a Car Loan. So, you can get check through the link below:

Car Loan EMI Calculator

DCB Bank Car Loan Types

DCB Bank offers 3 types of car loans to its customers. You have the option of selecting the offer which suits your need the best. The following types of Car Loans offered by DCB bank:

  1. New Car Loan –  If you desire to buy a new car, this is the proposal for you. You can get a Car Loan from DCB Bank for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you wish to buy a used car then you can choose to offer a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this proposal if you need urgent funds where you can keep your cars as security with the bank.

DCB Bank Car Loan Pre Calculated EMI

How to Apply for DCB Bank Car Loan?       

  1. Visit Dialabank.
  2. Go to the DCB Bank page.
  3. Complete the car loan application form.
  4. Our Relationship Manager will call you and provides you assistance throughout the process.
  5. Compare various offers from banks and pick according to your suitability.
  6. You can easily apply for a Car Loan with Dialabank and enjoy the best offers.

Other Available Products from DCB Bank

DCB Bank Personal Loan DCB Bank Gold Loan DCB Bank Home Loan

 

FAQs for DCB Bank Car Loan

✅ What is the DCB Bank Car Loan?

DCB Bank Car Loan is a car loan offered to you to purchase a car, it can be new or used.

✅ How can I get a Car Loan from DCB Bank?

You can get a car loan from DCB Bank by visiting the nearest branch of DCB Bank. You will get the convenience to apply from anywhere.

✅ How does DCB Bank Car Loan work?

DCB Bank works on providing its customers with the best and fast services of a car loan at reasonable interest rates. You can get a car loan easily and quickly. DCB Bank provides flexible loan tenure.

✅ What is the Car Loan Interest Rate in DCB Bank?

The interest rate in DCB Bank for a car loan starts at 7.50%.

✅ How to Check Car Loan status in DCB Bank?

To check the car loan status in DCB Bank, you must visit the nearby branch of DCB Bank. Also, you can utilize the net-banking facility of DCB Bank.

✅ How to Calculate Car Loan interest in DCB Bank?

For the calculation of your car loan interest in DCB Bank, the following information is required:

  • Rate of Interest
  • Loan amount
  • Loan tenure

You can calculate your car loan interest in DCB Bank through the EMI calculator.

✅ What is the maximum loan amount I can avail of on Car Loan from DCB Bank?

The maximum loan amount you can avail a car loan from DCB Bank provides up to 90% funding of the car value.

✅ What is the loan tenure of the DCB Bank Car Loan?

The loan tenure of DCB Bank ranges between 1 to 7 years for a car loan.

✅ Can I get a 100% Car Loan from DCB Bank?

You can get a loan up to 90% Car Loan from DCB Bank.

✅ How much processing fee is applicable to DCB Bank Car Loan?

The processing fee applicable to DCB Bank for a car loan is up to 2% of the loan amount.

✅ What are the EMI options available on DCB Bank Car Loan?

The EMI options available on DCB Bank car loan are the following:

  • Electronic Clearance System 
  • Standing Instruction 
  • Post Dated Cheques 

✅ What are the charges for Prepayment in DCB Bank Car Loan?

The charges for prepayment in DCB Bank is 4% of the outstanding principal for availing a car loan.

✅ Can I get a top-up loan on my existing DCB Bank Car Loan?

Yes, you can get a top-up loan on your existing DCB Bank car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅ Do I need to provide a guarantor to avail a car loan from DCB Bank?

No, you do not need a guarantor for availing a car loan from DCB Bank.

✅ How to get a DCB Bank Car Loan Statement?

To getting a car loan statement of DCB bank, you can utilize DCB Bank’s mobile banking app. Also, visit the nearby branch of DCB Bank to check your car loan statement.

✅ How to pay DCB bank Car Loan interest online?

You can pay your car loan interest using the net -banking services of DCB Bank. If you want a low-interest car loan, you must visit Dialabank online.

✅ What if I can’t pay the interest on DCB Bank Car Loan for 3 months?

If you can’t pay the interest on DCB Bank Car Loan for 3 months, then it will sum up to the outstanding loan amount and repayment charges will redraft.

✅ How can I apply for EMI Moratorium on DCB Bank Car Loan?

You can apply for EMI Moratorium on DCB Bank by visiting the nearby branch of DCB Bank or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply with Dialabank.

✅ What is the number for DCB Bank Car Loan agent?

The number for DCB Bank Car Loan agent is 9878981166.

✅ Can I close the DCB Bank car loan online?

You can close your car loan online from DCB Bank through the DCB Bank’s net-banking page. You just log in with your details on the net -banking page and pay your car loan.

✅ What is the DCB Bank Car Loan Customer Care Number?

The customer care number of DCB Bank for car loan queries is  9878981166.

✅ How can I get NOC from DCB Bank for a car loan?

You can get a car loan NOC from DCB Bank when you clear your outstanding loan amount.

✅ What is the DCB Bank Car Loan closure procedure?

  • Just go to the bank with the documents.
  • Write a letter for pre-closure of the DCB Bank Car Loan account.
  • Pay the pre-closure charges as per DCB Bank Car Loan.

✅ What is the DCB Bank Car Loan preclosure charges?

DCB Bank Car Loan preclosure charges are 4% of the outstanding principal.

✅ What is the DCB Bank Car Loan maximum tenure?

The DCB Bank Car Loan maximum tenure is 7 years.

✅ What is the DCB Bank Car Loan minimum tenure?

The DCB Bank Car Loan minimum tenure is 1 year.

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