Dhanlaxmi Bnak Car loan Interest Rates

Dhanlaxmi Bnak Car loan Interest Rates

Dhanlaxmi Bank Ltd. was incorporated in 1927 at Thrissur, Kerala by a group of ambitious and enterprising entrepreneurs.Over the 86 years that followed, Dhanlaxmi Bank with its rich heritage has earned the trust and goodwill of clients. It is due to our strong belief in the need to seek innovation, deliver best service and demonstrate responsibility, that we have grown from strength to strength. Be it in the number of customers, the scale of business, the breadth of our product offerings, the banking experience we offer or the trust that people invest in us. With more than 670 touch points across India at your service; our focus has always been on customizing services and personalizing relations.

New Car Loans

Car Loans is the ideal way to finance your new set of wheels. Now you can acquire your favourite small car, sedan or luxury vehicle with flexible repayment options.

Features

  • Avail up to 85% on On road cost or 95% of the Ex showroom cost
  • Tenor – Ranging from 12 to 60 months
  • Quick and speedy processing.
  • Repayment through convenient EMI’s
  • Financial based product.
  • Convenient and Attractive Rate of Interests
  • Minimum / hassle free documentation

Eligibility

Salaried Individuals:

  • Minimum age of Applicant – 21 years
  • Maximum age of Applicant at loan maturity – 60 years
  • Minimum Annual Salary – Rs. 1,20,000/-
  • Minimum Employment Stability – One year in current employment and total experience of 2 years

Self-Employed / Professionals:

  • Minimum age of Applicant – 21 years
  • Maximum age of Applicant at loan maturity – 65 years
  • Minimum Annual Income – Rs. 1,20,000/-
  • Minimum Business Continuity – 3 years in same business

Partnership Firms:

  • Minimum Income – Rs. 1,20,000/-
  • Minimum Business Continuity – 3 years in same business

Private Limited Company:

  • Minimum Income – Rs. 1, 20,000/-
  • Minimum Business Continuity – 3 years in same business

Public Limited Company:

  • Minimum Income – Rs. 1, 20,000/-
  • Minimum Business Continuity – 3 years in same business

Founding

95% of the Ex showroom cost (or) 85% on On road cost ( Ex showroom cost+ Insurance+ Registration and Road tax)

Fees and charges

Sr No

Charges

AUTO – NEW CAR

1Processing fees1% of the loan amount.
2Non refundable feesNA
3Part Prepayment ChargesNA
4Foreclosure charges2% +ST of Principal Outstanding
5Cheque Bounce ChargesRs 500/- + ST
6Late Payment Charges3% per month
7**Customer Credit Information Report (Credit Bureau) (**Will be provided only where the customer has submitted an application for loan processing.)Individual customers – Rs 200, Non Individual Customers – Rs 750
8NOC issuance charges – Nil for 1st IssuanceNil for 1st issuance. Rs 500/- + ST

Used Car Loans

You can now take a car loan for not only new vehicles but also for pre-owned vehicles.The quick and speedy processing of the loan will ensure you are in possession of a car in no time.

Features

  • Avail up to 60% of the value of the vehicle.
  • Tenor – Ranging from 12 to 48.
  • Quick and speedy processing.
  • Repayment through convenient EMI’s
  • Financial based product
  • Convenient and Attractive Rate of Interests
  • Minimum / hassle free documentation

Eligibility

Salaried Individuals:

  • Minimum age of Applicant – 21 years
  • Maximum age of Applicant at loan maturity – 60 years
  • Minimum Annual Salary – Rs. 1,20,000/-
  • Minimum Employment Stability – One year in current employment and total experience of 2 years

Self-Employed / Professionals:

  • Minimum age of Applicant – 21 years
  • Maximum age of Applicant at loan maturity – 65 years
  • Minimum Annual Income – Rs. 1,20,000/-
  • Minimum Business Continuity – 3 years in same business

Partnership Firms:

  • Minimum Income – Rs. 1,20,000/-
  • Minimum Business Continuity – 3 years in same business

Private Limited Company:

  • Minimum Income – Rs. 1, 20,000/-
  • Minimum Business Continuity – 3 years in same business

Public Limited Company:

  • Minimum Income – Rs. 1, 20,000/-
  • Minimum Business Continuity – 3 years in same business

Founding

60% on value of the vehicle as certified by the approved valuer of the Bank

Fees and charges

Sr No

Charges

Pre Owned car

1Processing fees1% of the loan amount.
2Non refundable feesNA
3Part Prepayment ChargesNA
4Foreclosure charges2% +ST of Principal Outstanding
5Cheque Bounce ChargesRs 500/- + ST
6Late Payment Charges3% per month
7**Customer Credit Information Report (Credit Bureau) (**Will be provided only where the customer has submitted an application for loan processing.)Individual customers – Rs 200, Non Individual Customers – Rs 750
8NOC issuance charges – Nil for 1st IssuanceNil for 1st issuance.Rs 500/- + ST

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