Car Loan
Drive home your dream car with Quick, Easy and Hassle-free Car Loan
Turning your dream into reality is now easy. Own your favourite car that you have always dreamt with attractive features of a Car Loan. We offer car loans for New Car, Pre-Owned car and even a loan against car.
Features
- Loan up to 100% of ex-showroom price
- Loan tenure up to 7 years
- Pre-Qualified Car Loans for existing customers
- Attractive rate of interest
- Easy documentation
Benefits
- Flexible repayment options
- Tailor made schemes
- Fast, Reliable and Personalised Service
- Attractive deals from associated car dealers
- Insurance cover for Loan Liability available, repayable along with EMI
- Zero Pre-payment charges under ‘MultiAdvantage Car Loans’ product
Convenient and Fast
Get a car loan with minimum documentation. Loan Disbursement within 72 hours* of document submission.
Car Loan Eligibility
Eligibility Criteria
Loan Amount
The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc.
New Car
- Loan up to 100% of ex-showroom price of the car.
Pre-owned Car
- Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile)
- Hassle-free processing
Eligibility
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Particulars
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Salarield Individual
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Self-Employed Individual
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Partnership Firm
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Private / Public Ltd Co
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Age Criteria* |
The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan. |
Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity. |
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Limited companies should have been in existence for at least 3 years./p> |
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Income Criteria* |
Gross annual income of at least Rs. 2.50 lakh |
Gross annual income of at least Rs. 2.00 lakh |
Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L. |
Minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L. |
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Stability |
The total employment stability should be more than 2 years and current employment stability of minimum 1 year. |
Current business stability should be 2 years or total more than 3 years. |
Current business stability should be 2 years or total more than 3 years. |
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Car Loan Documents
Documents Required
We offer the most convenient, flexible & quick car loan at the click of a mouse. Keeping your convenience in mind, we ask you for minimal mandatory documents for the sanctioning of your car loan.
Income Proof
- Self-Employed individuals: Income Tax Returns of 2 previous financial years.
- Partnership Firms, Societies & Companies: Income Tax returns of 2 previous financial years along with complete financial/audit report.
- Documents supporting customer information: Identity Proof, Signature Proof,Recent passport size colour photograph and Address Proof as per Bank norms (Dialabank representative will help you choose suitable documents).
- Business / employment stability proof
- Ownership proof required if self-employed individuals
- Bank statements
Other documents
- Partnership Firms: Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation.
- Societies and Companies: Resolution by Board of Directors (or such managing body) & Memorandum & Articles of Association (or Society/Trust deed).
Our representative will help you with the formats of documents and the information required.
