Diwali Offer On Car Loan

Diwali Offer On Car Loan @ 8.70%- Apply Online

If you are planning to buy your dream car this Diwali, Dialabank is offering you the best way to own that car. Dialabank allows you to pay for your car is equated monthly instalments rather than shelling your pockets at once. Apply for a car loan with the help of Dialabank and make your dream come true.

About Car Loan

A car loan is a financial help provided by the bank & NBFC. It is a secured loan. It is a scheme that allows the person to pay for the vehicle in parts. Car Loan is available at easy documentation with fast processing and an attractive rate of interest. Don’t think much and apply for the car now and grab the best deal.

Find the Best Rate on Car Loan

Interest Rate
New Car	Less than 3 lacs	10.25%
	3-6 lacs	9.50%
	6-10 lacs	9.25%
	10-20 lacs	9.00%
	More than 20 lacs	8.70%
Used Car	14.00%

Factors that affect Car Loan Interest Rates

Credit history: The interest rate depends on the credit history you have built-in past years, the high credit/cibil score will not only help in getting a loan but will also empower you with strong bargaining power.

Income level: Higher the income better are the chances for the approval of a higher loan amount.

Tenure of the loan: A car loan is generally available for the tenure of up to 7 years.  It is generally seen that banks charge a higher interest rate for a loan of a shorter time period and vice versa. Longer tenors will enhance repayment capacity.

Car model and age: It is necessary for the bank to consider the car model in deciding the interest rate as on sale every model may not fetch the expected price. New cars are easily financed than used cars; a high-end model will be expensive which means the borrower has to be able to pay the required down payment.

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

Find the Most Suitable offer for Car Loan 

Personalized Service: Our trained Relationship Managers will understand your requirements and your profile and help you find the most suitable Car Loan offer.

Rate Comparison: We help you understand the details of the costs involved in taking a Car Loan and help you find the Cheapest Offer.

Research: Benefit from Dialabank detailed research on all the products from the leading Car Loan players in the market and make the right choice.

Zero Charges Schemes: We offers personalized service to our customers at zero fees. Use Dialabank services to find the right Car Loan deal at no extra cost.

Unbiased and Transparent Search: Our objective is to simplify your Car Loan search and we provide information in an unbiased and transparent manner.

Features of Car Loan

1. The loan is easily accessible.
2. A car loan can be gotten anywhere in India.
3. The rates of interest are very low in the car loan.
4. The documentation process is very simple and easy, not that many documents are required.
5. The bank doesn’t put any checks on your credit history.
6. A car loan is approved easily.
7. The bank provides full transparency and there are no hidden charges.
8. The bank does the financing of  90-95% on new cars.
9. The bank also provides doorstep instalment collection.

Eligibility Criteria of Car Loan

The car loan eligibility requirements are as followed:

SALARIED INDIVIDUALS

1. Minimum age of Applicant: 21 years.
2. Maximum age of Applicant at loan maturity: 58 years.
3. Minimum employment: 1 year in current employment and minimum 2 years of employment.
4. Minimum Annual Income: Rs 100000 net annual income.
5. Telephone: Must be at the residence.

SELF – EMPLOYED 

1. Minimum age of Applicant: 21 years
2. Maximum age of Applicant at loan maturity: 65 years
3. Minimum employment: At least 3 years in business
4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
5. Telephone: Must be at the residence

PARTNERSHIP FIRMS 

1. Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
2. Minimum turnover: Turnover Rs. 4.5 lakh.
3. Telephone: One phone at least at business and at the residence of the loan executing partner.

PRIVATE LIMITED COMPANY

1. Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a for mid-sized and premium cars
2. Minimum turnover: Turnover Rs 4.5 lakh
3. Telephone: One phone at least at business premises

PUBLIC LIMITED COMPANY 

1. Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a for mid-sized and premium cars
2. Minimum turnover: Turnover Rs 4.5 lakh
3. Telephone: One phone at least at business premises

Documents

Documents required for a car loan are as followed:

1. Two recent passport-sized coloured photographs
2. Identity proof (Aadhaar Card/ PAN Card/Voter ID Card/Passport/Driving License)
3. Residence proof.(Aadhaar Card/ PAN Card/Voter ID Card/Passport/Driving License/ration card/rental bills/electricity bills/water bills)
4. Income proof Salary slip of last three months for salaried and 2 years ITR statement for self-employed

Benefits of Car Loan

One of the most important benefits is that you save your precious time by applying online, as the Car loan process is quite simple. Your Car loan gets approved within a few days or even on the same day of application

Within a few minutes, you will receive an extended list of e-mails from lenders who will avail of your online car loan. You can compare the different Car loan terms with Dialabank and choose the best one available.

Tips To Avail the Best Deal in Car Loan

These 4 keys to the right Car loan and you can ride around knowing you got the Best Car Loan Deal.

1. Budget Analysis: Banks will be happy to lend you more money than you actually need. The first step, create a budget analysis to make sure that you borrow the right amount. By doing this, you will have an actual idea of how much money you can afford to buy a car.
2. Research the cost: An individual must go into the clear details of what will be the total cost of the car. She/he should be careful as the costs include more than just the purchase price. You will also need to consider insurance charges, fuel costs, maintenance charges, and interest rates.
3. Check your credit score: Your credit score plays an important role in knowing whether the banks will consider your loan application for a car loan. Paying your previous loan payments in time helps you impress your banker for extending the amount of your car loan.
4. Compare new vs. Used: New cars depreciate much faster than old cars and it is important to decide between the two as the loan amount that you could be eligible for would vary between the two options.

New Car Deals

Maruti Suzuki	Mahindra
Hyundai	Renault India
Honda Cars	Nissan Motors
Toyota Kirloskar	Datsun
Skoda India	Audi
Ford India	BMW
Tata Motors	Mercedes
Volkswagen	Jeep

Fee & Charges

Fees & Charges
Stamp Duty	At Actuals
Processing fees	Up to 2.5 Lacs: Rs.2825 Over Rs. 2.51 Lakhs up to 4 Lakhs: Rs. 3850/-< Maximum 5000 *SPECIAL OFFER from DialaBank: Rs.1750/-*
Loan cancellation / re-booking charges	In the event of cancellation, interest charges from disbursement date till refund of disbursement amount will be borne by the customer
Legal, Repossession & Incidental charges	At Actuals
Loan Rescheduling charges	Rs. 1000/-

How to Apply?

Apply online on Dialabank

Read about:

1. Types of Car Loans
2. Reduce your Expenses by taking car insurance along with a car loan