About Car Loan for Toyota
Nowadays, no one wants to travel on public transport and it’s the major reason that people buying more and more cars. But there are many people who do not have adequate funds to pay for the vehicle.
So, people are turning into car loans to get finance for their vehicle. This Loan scheme is the best financing option that offers you money required for the desired a car at the lowest rate of interest.
And If you are Interest in Toyota car and don’t have funds and saving to buy a car then apply for a Car Loan with Dialabank for instant approval with less process fee.
We are here to help you in buying a car which is suitable for your budgets. You can able to check eligibility for your loan and how much EMI’s you have to pay for your car.
About Toyota
Toyota was founded in 193 by Kiichiro Toyoda as a spinoff from his father’s company Toyota industries to create automobile. Toyota is the 7th largest company and 2nd largest manufacturer of the automobile in the world.
Toyota industry entered into India with Qualis and is famous as Toyota Kirloskar Motor private limited. Toyota is the 4th largest manufacturer of the automobile after Maruti, Honda, and Mahindra.
Toyota price starts at Rs. 5.58 lakh for the cheapest car Etios Liva and goes up to Rs. 1.4 crore for the Toyota Land Cruiser. Toyota offers 11 car models in India. Fortuner- Rs. 27.23 lakh, Innova Crysta- Rs. 14.63 lakh and Yaris- Rs. 9.26 lakh are among the popular cars from Toyota. In the year 2018-2019, Toyota is going to launch 2 new models in India.
Check out top-selling Toyota models and apply now for Car Loan for Toyota
Toyota |
|
Toyota Innova Crysta |
Rs.14.63 Lakhs onwards |
Toyota Fortuner |
Rs.27.23 Lakhs onwards |
Toyota Yaris |
Rs.9.26 Lakhs onwards |
Toyota Platinum Etios |
Rs.6.94 Lakhs onwards |
Toyota Etios Liva |
Rs.5.58 Lakhs onwards |
Toyota Corolla Altis |
Rs.16.25 Lakhs onwards |
Toyota Etios Cross |
Rs.6.52 Lakhs onwards |
Toyota Camry |
Rs.37.46 Lakhs |
Toyota Land Cruiser |
Rs.1.4 Crores |
Toyota Land Cruiser Prado |
Rs.93.36 Lakhs |
Toyota Prius |
Rs.45.25 Lakhs |
Features and Benefits of Car Loan for Toyota from Dialabank
- We offer extremely quick service
- 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 Toyota Interest Rates
To check Car Loan Interest Rate you can visit: Car Loan 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% |
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 criteria.
Eligibility for Car Loan for Toyota
Salaried
- Age – Minimum 21 years at the time of application to Maximum 60 years
- Income –Minimum Income must be Rs.2,50,000/- per annum.
- 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.
- Residence stability- 2 years in the city and 1 year in the current residence or should be residing the own house
Documentation Required
- 2 passport size photos
- Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
- Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
- Income Proof- Latest 3 months salary slip
- Latest 6 months banking statements
Self-Employed
- Age – Minimum 21 years at the time of application upto maximum 65 yrs
- Income –A minimum net profit of Rs.2,00,000/- per annum.
- Business Experience – 2 years of minimum business stability mitigated with proof.
- Residence stability – 2 years in the city and 1 year in the current residence or should be residing the own house
Documentation Required
- 2 passport size photos
- Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
- Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
- Income Proof- Latest 2 years ITR with computation
- Latest 6 months banking statements
- Business Proof- CST Certificate / Labour act, Shop Establishment act / SSI Certificate, Rental deed / Utility deed in the name of the companyA person should review the documents required for car loan before making a decision.
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/- |
Avail your Car Loan with Dialabank and get personalized assistance
How to Apply?
Apply online on www.dialabank.com
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