Car Loan for Mahindra

About Car Loan for Mahindra

If you are looking for Mahindra cars but don’t have funds and savings than apply for a car loan on Dialabank and buy your favorite Mahindra Model. The cost of your vehicle can be repaid through EMIs.

We are having a scheme that offers monetary support to people and helps them to get their own car. This loan is one of the most popular loans among customers because of its competitive rates and flexible terms.

We are offering a car loan for Mahindra at the lowest rate of interest to our customers. Car Loan is a secured loan. We will offer you schemes like instant loan approval, a minimum document required and less process fee.

About Mahindra

Mahindra company is one of the oldest Indian car manufacturers, headquartered in Mumbai and Igatpuri, Maharashtra. Starting with assembling Willy’s Jeep in the 60s, Mahindra has become one of the famous SUV makers in the country with most of its line-up featuring large cars.

The Mahindra Bolero utility vehicle is the highest selling vehicle and is followed by its other stalwart, the Mahindra Scorpio. Known for their rugged build and durability, Mahindra cars are popular in the semi-urban and rural markets in India.

Check out top-selling Mahindra models and apply today for Car Loan for Mahindra

Features and Benefits of Car Loan for Mahindra from Dialabank

• We offer extremely quick service to the customers
• Loans are approved within 24 hours after the documentation process
• The minimum loan amount is Rs 1 lakh, and maximum Loan amount depends upon the price of the car, varies with the car model, profile of the customer etc
• The maximum loan amount is up to 90-95%% of the ex-showroom price of the car
• LTV (Loan to value) of up to 90% of the ex-showroom price of the car
• Repayment period ranges from 1 to 7 years
• Prepayment is allowed after 6 months from the disbursement of the loan

Car Loan for Mahindra Interest Rates

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

Fee & Charges

Now fulfill your dream of buying a car with Dialabank. Submit the following documents to our branch or apply online at dialabank to check your eligibility.

Car Loan for Mahindra Eligibility criteria 

The car loan eligibility requirements are as followed:

Salaried

1. Age – Minimum 21 years at the time of application upto Maximum 65 years (more than 65 years co-applicant is needed)
2. Income –Minimum Income must be Rs.2,50,000/- per annum.
3. Work Experience –A minimum of 2 years of total experience, and must have completed 1 year of service with the current employer immediately prior to application.
4. Residence stability- 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

Documents required for car loan are as followed:

1. 2 passport size photos
2. Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
3. Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
4. Income Proof- Latest 3 months salary slip
5. Latest 6 months banking statements

Self-Employed

1. Age – Minimum 30 years at the time of application upto maximum 60 yrs (less than co=applicant is needed)
2. Income –A minimum net profit of Rs.2,00,000/- per annum.
3. Business Experience – 2 years of minimum business stability mitigated with proof.
4. Residence stability – 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

1. 2 passport size photos
2. Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
3. Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
4. Income Proof- Latest 2 years ITR with computation
5. Latest 6 months banking statements
6. Business Proof- CST Certificate / Labour act, Shop Establishment act / SSI Certificate, Rental deed / Utility deed in the name of the company

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

Call us on 600 11 600 (Single Number across 18 Cities)

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal