Car Loan Samba

Car Loan Samba

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Best Banks for Car Loan in Samba

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	8.5 - 9.5 %	11%
Min Loan Amt	Metro : 1 Lac & Non Metro: 75000	75000	75000
Max Loan Amt	1 Cr	1 Cr	1 Cr
Loan Tenure	Upto 7 Years	Upto 5 Years	Upto 5 Years
Processing Fee	1999 - 4999 + Tax	0.25% to 1.50%	0.25% to 1.50%
Preclosure Chgs	2%, Nil after 24 months	2%, Nil after 36 months	Nil
Loan to Value (LTV)	Upto 100% on Ex- showroom	Upto 95% on Ex- showroom	Upto 90% on Ex- showroom

Car Loan Samba Features

With plenty of car companies introducing various cars in the market, people are getting attracted to them because of their features. Buying a car has become a dream for the common man.

But limited income and overbearing expenses do not allow them to buy their favorite car. Auto Loan is the best and beneficial way to buy your favorite car easily in a simple way. Get easy funding for your car to drive in your home.

Features of car loan in Samba are:

Easy monthly repayment options
Instantly available
Loan Tenure period varies from 1-7 years
Affordable interest Rates
No hidden charges

Car Loan Samba Interest Rates

Car loan interest rates keep changing every time, which is why it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan	Nil	Nil
Muthoot Car Loan	Nil	Nil
Manappauram Car Loan	Nil	Nil
PNB Car Loan	0.70% to 1%	Nil
Canara Bank Car Loan	0.01	Nil
Andhra Bank Car Loan	Nil	Nil

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

Apply for a Car Loan

Car Loan Samba Documents Required

Documents required for car loan are as followed:

For Salaried Individuals

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: – Latest 3-month salary slip with form 16
Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
Bank Statement: Last 6 months.

For Self Employed

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: – Latest ITR reports.
Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
Bank Statement: Last 6 months

Car Loan Samba Eligibility Criteria

The car loan eligibility requirements are as followed in Samba:

Salaried

Firstly, the minimum age of the applicant should be not less than 21 years.
Further, the maximum age should be 65 for loan maturity.
Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
Minimum Annual Income: It should be Rs 1,00,000 net annual income.
Also, the contact number is required.

Self Employed

Firstly, the minimum age of the applicant should be 30 years or above
The maximum age should be 60 at loan maturity
In this, minimum employment should be at least 2 years in business
Furthermore, the minimum annual income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Samba

TABLE WILL APPEAR

Apply for a Car Loan

Processing Fees & Prepayment Charges on Car Loan Samba

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

Car Loan Samba Agent Contact Number

To get an easy and instant car loan you can visit DialaBank or call on 9878981166 to get personalized assistance. Our relationship managers are well trained and will assist you in the best ever way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Samba

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

Car Loan EMI Calculator Samba

Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. The calculator is free to use and you can use it as many times you want. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

Apply for a Car Loan