Catholic Syrian Bank Car Loan Key Features – Jan 16 2025
| Catholic Syrian Bank Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 1,00,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 90% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | Max 5 Years |
| Lowest EMI / Lac | ₹ 2,000 |
| Minimum Net Monthly Income | Changes accordingly* |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 18 years to 60 years Self Employed: 18 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | N/a |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation |
About Catholic Syrian Bank Car Loan
Catholic Syrian Bank is an Indian private sector bank headquartered in the district of Thrissur of the state of Kerala.
It is known as one of the oldest banks running to date with a massive network of 459 branches and more than 250 ATMs across the nation. C.V.R. Rajendran is the CEO of the bank since 2016. The Bank was founded back on 26 Nov 1920. Catholic Syrian Bank has a long range of financial products available for its customers, and a car loan is one among them.
Advantages of Catholic Syrian Bank Car Loan
Catholic Syrian Bank Car Loan Eligibility
| Salaried Individual |
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| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
Catholic Syrian Bank Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Processing fee | 0.40% of the principal amount | Nil |
| Issuance of Duplicate Repayment Schedule Charges | Starting from Rs.500 | Starting from Rs.500 |
| Foreclosure Charges | 5% of the principal outstanding | 5% of the principal outstanding |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Starting from Rs.500 | Starting from Rs.500 |
| Documentation Charge | Starting from Rs.500 | Starting from Rs.500 |
| Issuance of Duplicate No Dues Certificate Charges | Starting from Rs.500 | Starting from Rs.500 |
| Registration Certification Collection Charge | Starting from Rs.200 | Starting from Rs.200 |
| Cheque Bounce/Instrument Return Charges | Starting from Rs.500 | Starting from Rs.500 |
| Issuance of Duplicate Statement Charges | Starting from Rs.500 | Starting from Rs.500 |
| Loan Cancellation/Re-booking Charges | >Rs.2000 | >Rs.2500 |
| Issuance of Credit Report | Around Rs.50 | Around Rs.50 |
Catholic Syrian Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Aadhar Card PAN Card DL Passport |
| Address Proof
(Any 1) |
Voter ID Passport Electricity Bill DL |
| Date of Birth Proof
(Any 1) |
10th Marksheet Passport DL |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Form 16 and Salary Slips |
| Bank Statement | At least the last two months |
| Employment Continuity Proof | Salary Slip with Joining Date Appointment Letter Work Experience Certificate ITR of Form 16 |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | PAN Card Aadhar Card Passport Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | 10th Marksheet Passport Voter ID |
| Signature Proof (Any 1) | PAN Bankers Verification Passport |
| Income Proof | Salary Slips |
| Bank Statement | Two months Bank Statements |
| Employment Continuity Proof | Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Current Account Statement |
| Business Proof | Shop & Establishment Act Certificate SSI or MSME Registration Certificate Current Account Statement Telephone Bill Electricity Bill Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | PAN Card Aadhar Card DL Voter ID |
| Address Proof (Any 1) | Utilities Bill Passport Voter ID |
| Income Proof | Audited Balance Sheet Last two years P&L account and filed ITR |
| Bank Statement | 2 Months Bank statements |
| Business Continuity Proof | Current Account Statement SSI or MSME Registration Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter or PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Incorporation Copy of Latest AOA Copy of Latest MOA |
| Address Proof (Any 1) | SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous two years |
| Bank Statement | Bank statement of last three months |
| Business Continuity Proof | Current Account Statement SSI or MSME Registration Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Additional documents |
PAN Card
Board Resolution List of Directors and Shareholding Partners Certificate of Commencement of Business for Ltd. Co. |
Catholic Syrian Bank Car Loan EMI Calculator
Check your EMI even before applying for the loan by EMI calculator attached below:
Catholic Syrian Bank Car Loan Types
Catholic Syrian Bank provides numerous car loans to its customers. Choose the best among them according to your needs. Listed below are the available types:
- New Car Loan – Choose this type if you are looking to buy a brand new car directly from the dealership. With a tenure of up to 5 years.
- Used Car Loan – buy any second-hand car according to your needs by this loan with a tenure of 5 years. Get a minimum loan amount of Rs.1 lakh.
- Loan Against Car – Applicants looking for ways to avail quick cash funds can go for this loan by gaging their owned car against the loan.
Catholic Syrian Bank Car Loan Pre Calculated EMI
| Loan Amount | 2 Years | 3 Years | 5 Years | 7 Years |
| 1 Lakh | ₹ 4,480 | ₹ 3,090 | ₹ 1,982 | ₹ 1,512 |
| 3 Lakh | ₹ 13,439 | ₹ 9,270 | ₹ 5,947 | ₹ 4,535 |
| 5 Lakh | ₹ 22,398 | ₹ 15,450 | ₹ 9,912 | ₹ 7,559 |
| 10 Lakh | ₹ 44,795 | ₹ 30,900 | ₹ 19,825 | ₹ 15,117 |
How to Apply for Catholic Syrian Bank Car Loan?
- Go on to Dialabank and fill in the necessary details.
- Our highly knowledgeable Relationship Manager will contact you and will guide you throughout the loan process.
- Compare from various available options and select after doing the best study.
- Applying with Dialabank helps you to explore more and get exciting offers.
Catholic Syrian Bank Car Loan for Top Selling Cars
Other Available Products from Catholic Syrian Bank
| Catholic Syrian Bank Personal Loan | Catholic Syrian Bank Gold Loan |
| Catholic Syrian Bank Home Loan | Catholic Syrian Bank TWL |
FAQs for Catholic Syrian Bank Car Loan
✅ What is the Catholic Syrian Bank Car Loan?
Catholic Syrian Bank Car loan is the fund allocation support for the applicants willing to buy a new or used car. Bank provides funds in the form of a loan.
✅ How can I get a Car Loan from Catholic Syrian Bank?
Catholic Syrian Bank Car Loan does not consist of any predefined Processing fees, but documentation charges along with approval fees might apply.
✅ How does Catholic Syrian Bank Car Loan work?
Catholic Syrian Bank Car Loan consists of an applicant Apply For a Car Loan and getting funds to buy a new car, Later repaying the amount in small EMIs including the rate of interest.
✅ What is the Car Loan Interest Rate in Catholic Syrian Bank?
7.35% per annum
is the Car Loan Interest Rate in Catholic Syrian Bank.✅ How to Check Car Loan status in Catholic Syrian Bank?
To check Car Loan status in Catholic Syrian Bank, visit the website of the bank and look for the “Loan Status” portal.
✅ How to Calculate Car Loan Interest in Catholic Syrian Bank?
Calculate Car Loan Rate of Interest in Catholic Syrian Bank by using Dialabank’s Calculator, This helps to find out Interest Rate and EMI of Car Loans.
✅ What is the maximum loan amount I can avail myself on a Car Loan from Catholic Syrian Bank?
You can avail of a 100% Loan amount on the ex-showroom price of the Car from Catholic Syrian Bank.
✅ What is the loan tenure of the Catholic Syrian Bank Car Loan?
5 years is the maximum loan Tenure of the Catholic Syrian Bank Car Loan.
✅ Can I get a 100% Car Loan from Catholic Syrian Bank?
You can get a 100% Car Loan on the ex-showroom price of the car from Catholic Syrian Bank.
✅ How much Processing Fee is applicable on Catholic Syrian Bank Car Loan?
0.40% of the principal amount is applicable to Catholic Syrian Bank Car Loan.
✅ What are the EMI options available on the Catholic Syrian Bank Car loan?
Catholic Syrian bank provides two EMI options on a Car Loan,i.e Balloon EMI and Step-up EMI.
✅ What are the charges for Prepayment in Catholic Syrian Bank Car Loan?
No charges are imposed for prepayment of the Car Loan in the Catholic Syrian Bank.
✅ Can I get a top-up loan on my existing Catholic Syrian Bank car loan?
Yes, a Top-up on an existing car loan can be availed with Catholic Syrian Bank.
✅ Do I need to provide a guarantor to avail a car loan from Catholic Syrian Bank?
No, Catholic Syrian Bank doesn’t require any guarantor for giving the Car Loan.
✅ How to get a Catholic Syrian Car Loan Statement?
Get your car Loan Statement from Catholic Syrian Bank by any nearest branch.
✅ How to Pay Catholic Syrian Bank Car Loan Interest Online?
Use the Catholic Syrian Bank payment portal to pay your car loan interest online using Net Banking.
✅ What if I can’t pay the interest on Catholic Syrian Bank Car Loan for 3 months?
Catholic Syrian Bank has the right to take control of your vehicle and impose a fine for not paying EMIs for three months.
✅ How can I apply for EMI Moratorium on Catholic Syrian Bank Car Loan?
You have to raise a request in the branch for availing of EMI Moratorium on Catholic Syrian Bank Car Loan.
✅ What is the number for Catholic Syrian Bank Car Loan agents?
9878981166 is the number of Dialabank, which is one of the most trusted agents of Catholic Syrian Bank Car Loan.
✅Can I close the Catholic Syrian Bank Car loan online?
Catholic Syrian Bank requires the applicant to reach the nearest branch of the bank to start the Car Loan Closure process.
✅What is the Catholic Syrian Bank Car Loan Customer Care Number?
Ring us on 9878981166 for any of your Car Loan created problems.
✅How can I get NOC from Catholic Syrian Bank for a car loan?
Catholic Syrian Bank provides NOC for a Car Loan after completing the Loan Closure process and paying all the outstanding amount.
✅What is the Catholic Syrian Bank Car Loan closure procedure?
- Just go to the bank with the documents required for a car loan.
- Write a letter for pre-closure of the Catholic Syrian Bank Car Loan account.
- Pay the pre-closure charges as per Catholic Syrian Bank Car Loan.
✅ What are the Catholic Syrian Car Loan preclosure charges?
Catholic Syrian Bank Car Loan preclosure charges are up to 6%+ GST.
✅ What is the Catholic Syrian Bank Car Loan maximum tenure?
The Catholic Syrian Bank Car Loan maximum tenure is 7 years.
✅ What is the Catholic Syrian Bank Car Loan minimum tenure?
The Catholic Syrian Bank Car Loan minimum tenure is 1 year.
