Car Loan for DC

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Car Loan for DC

About Car Loan for DC

Car Loan for DC

Check out top-selling DC models and apply now for a Car Loan for DC

DC Avanti
ARAI Mileage 10.0 kmpl
Fuel Type Petrol
Engine(cc) 1998
Max Power 250bhp@5500rpm
Max Torque 340Nm@2750-5000rpm
Seating 2
Engine Description 2.0-litre 250bhp 16V Petrol Engine
TransmissionType Manual
Cargo Volume No
Power Adjustable Exterior Rear View Mirror Yes
Touch Screen Yes
Automatic Climate Control Yes
Anti Lock Braking System Yes
Alloy Wheels Yes
Power Windows Front Yes
Power Steering Yes
Air Conditioner Yes

Features and Benefits of Car Loan for DC

  1. No Advance EMI
  2. Loan tenure period 12-84 months
  3. No hidden charges
  4. Offers the lowest rate of interest
  5. Loans for one-time road tax, insurance premium, registration fee, and accessories
  6. No pre-payment penalty
  7. Interest Calculated on Daily Reducing Balance

Apply for a Car Loan

Car Loan for DC Interest Rates

New Car Loan

Loan Band

Deviation Rate Grid with MI/SK/CP

Less than 3 lacs

10.60%

3 – 6 lacs

9.50%

6 – 10 lacs

9.35%

10 – 20 lacs

9.10%

more than 20 lacs

8.85%

Used Car Loan

Loan Band

Tenure less than 23 Months

Tenure less than 3 Months

less than 3 Lacs

15.00%

15.50%

 3 – 6 Lacs

14.50%

15.00%

6 – 10 Lacs

13.50%

14.00%

10 – 20 Lacs

13.00%

13.50%

more than 20 Lacs

12.75%

13.25%

 

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

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Processing fees

Loan Amount less than 20 lacs

Rs.1750/-

Loan Amount more than or equal to 20 lacs

Rs.2250/-

All

Rs.300/-

Legal, Repossession & Incidental charges

At Actuals

Loan Reschedulement charges

Rs.1000/-

Car Loan for DC Eligibility

The car loan eligibility requirements are as followed:

Salaried
  1. Minimum age of Applicant: 21 years
  2. Maximum age of Applicant: 65 years (more than 65 co-applicants is needed)
  3. Minimum employment: 1 year in current employment 2 years of employment.
  4. Minimum Income: 18000/-
  5. Telephone: Must at the residence
Self-Employed
  1. Minimum age of Applicant: 30 years (less than 30 co-applicants is needed)
  2. Maximum age of Applicant: 60 years
  3. Minimum employment: At least 2 years in the same business
  4. Income Status: 2 years ITR
  5. Telephone: Must at the residence

Car Loan for DC Documents Required

Documents required for car loan are as followed:

  • 2 passport size photos
  • Identity proof– Passport, PAN card, Aadhar Card, Voter card
  • Address proof– Rental Agreement, Property Purchase Document, Telephone Bill, Electricity Bill, Sale Deed, Driving license, Ration card
  • Income proof– Salaried– latest salary slips (at least 3 months), Self-Employed– a copy of the latest 2 year Income Tax return
  • 6 months Bank statement

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. Private Bank Car Loan
  5. Axis Bank Car Loan
  6. State Bank of India Car Loan
  7. Canara Bank Car Loan
  8. Indusind Bank Car Loan
  9. Others
Used Car Loan EMI Calculator SIP Calculator

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