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Loan Against Car

    Car Loan @ 8.10%*

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    Loan Against Car

    Get the Best Loan Against car Offers

    Turning your dream into reality is now easy. Own your favourite car that you have always dreamt with attractive features of a Car Loan. We offer car loans for New Car, Pre-Owned car and even a loan against car.

    Features

    • Loan up to 80% of Car Value
    • Loan tenure up to 5 years
    • Attractive rate of interest
    • Easy documentation

    Benefits

    • Flexible repayment options
    • Tailor made schemes
    • Fast, Reliable and Personalised Service
    • Attractive deals from associated car dealers
    • Insurance cover for Loan Liability available, repayable along with EMI

    Convenient and Fast

    Get a loan Against car with minimum documentation. Loan Disbursement within 72 hours* of document submission.

    Loan Against Car Eligibility

    Eligibility Criteria

    Loan Amount

    The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc.

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    Eligibility

    Particulars
    Salarield Individual
    Self-Employed Individual
    Partnership Firm
    Private / Public Ltd Co

    Age Criteria*

    The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan.

    Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity.

    Limited companies should have been in existence for at least 3 years./p>

    Income Criteria*

    Gross annual income of at least Rs. 2.50 lakh

    Gross annual income of at least Rs. 2.00 lakh

    Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.

    Minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.

    Stability

    The total employment stability should be more than 2 years and current employment stability of minimum 1 year.

    Current business stability should be 2 years or total more than 3 years.

    Current business stability should be 2 years or total more than 3 years.

     

    Loan Against Car Documents

    Documents Required

    We offer the most convenient, flexible & quick car loan at the click of a mouse. Keeping your convenience in mind, we ask you for minimal mandatory documents for the sanctioning of your car loan.

    Income Proof

    1. Self-Employed individuals: Income Tax Returns of 2 previous financial years.
    2. Partnership Firms, Societies & Companies: Income Tax returns of 2 previous financial years along with complete financial/audit report.
    3. Documents supporting customer information: Identity Proof, Signature Proof,Recent passport size colour photograph and Address Proof as per Bank norms (Dialabank representative will help you choose suitable documents).
    4. Business / employment stability proof
    5. Ownership proof required if self-employed individuals
    6. Bank statements

    Other documents

    1. Partnership Firms: Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation.
    2. Societies and Companies: Resolution by Board of Directors (or such managing body) & Memorandum & Articles of Association (or Society/Trust deed).

    Our representative will help you with the formats of documents and the information required.

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