DCB Auto Loan

With the hassle free application process, speedy approval and easy eligibility, DCB Auto Loan is your short cut to a new car and a newfound status.

Features

  • Attractive interest rates
  • Easy and simple documentation
  • Speedy processing
  • Loan available up to 90% of the value of the car

Loan Amount

Minimum Loan Amount

Rs. 1,00,000/-

Maximum Loan Amount

Rs. 10,00,000/- (Individual)
Rs. 20,00,000/- (Non-Individual)

Tenure for Loan Amount

1 – 7 years

Eligibility Criteria

Age (Minimum)

21 years for standard car
23 years for premium car
25 years for super premium car

Age (Maximum at loan maturity)

60 years for salaried individuals
70 years for self-employed individuals

Annual Income (Minimum)

For Salaried Individuals
Rs. 80,000 for standard car and
Rs. 1,00,000 for premium car

For Self-employed Individuals
Rs. 60,000 for standard car and
Rs. 100,000 for premium car

Documentation Requirements

  • Pay slips for the last 2 months, for salaried individuals
  • Income Tax returns of the last 2 assessment years, for self-employed individuals
  • Statement of main / operative bank account for the last 3 months
  • Credit card / loan statement from bank / financier
  • Identity, signature and address proofs
  • Passport size photographs
  • Qualification certificates for self-employed professionals

*Conditions apply. All loans are subject to the terms and conditions and are at the sole discretion of Development Credit Bank Ltd. Product available in selected centres only.

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