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Get car loans that are best matched to your credit profile
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Owning a car has become a necessity these days. Not everyone can afford to pay the full amount from their pocket when it comes to owning a car. This is when a car loan can help you achieve your dream of owning a car.
DCB Bank provides its customers with different types of loans and one among them is the car loan. The bank offers an affordable interest rate that makes it easy for a common man to get a car loan in no time. With flexible repayment tenure, the bank makes sure that they give the customer ample time to repay the loan.
DCB Bank Car Loan has some incredible features which can help the customer to get the loan as soon as possible. The features are
Loan Coverage: When the customer applies for the car loan amount, the bank will evaluate the loan and provide up to 85 % of the on-road price of the car as the loan amount.
Flexi loans: DCB Bank can provide the customer with a maximum of Rs 30 lakhs as the loan amount.
Repayment Period: It is important to repay the loan within the time period mentioned by the bank. In the case of DCB Bank car loan, the bank allows the customer to repay the loan within 7 years. However, the bank also allows the customer to repay the loan before the specified period if the customer is able to do so.
Quick Processing: One of the major features of DCB Bank car loan is the fast processing and easy documentation. Because of this, the customer does not have to wait for a long period before the loan gets sanctioned.
Loan Nature: The DCB Bank car loan is a term loan and it needs to be paid in EMI within the repayment period mentioned by the bank.
The car loan interest rate of DCB Bank is currently 15.25%. The other charges are as below:
For faster processing of the car loan, you will have to produce the following documentation.
You can apply for DCB Bank car loan via the official website of the Bank. When you apply online, you will have to upload the relevant documents required for the sanctioning of the loan along with the application form. The bank will scrutinize the documents and if successful, the loan will be sanctioned.
You can also apply for the DCB Bank car loan by visiting one of the nearest branches. If you already have an account with the bank, it will be easier for the bank to check your credentials before they sanction the loan.
1. Under what circumstances can DCB Bank reject the car loan proposal?
The bank can reject the car loan proposal, if
What are the different modes of EMI payment available with DCB Bank Car Loan?
The repayment can be done through the following modes:
3. How long will it take to get DCB Bank Car Loan sanctioned?
The bank might take 3-4 working days to sanction the car loan.
4. What is the maximum loan amount provided by DCB Bank for a car loan?
The bank can provide up to Rs. 30 lakhs for a car loan.
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