DNS BANK NEW FESTIVAL DHAMAKA VEHICLE LOAN (Branch)

    
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Product

Amount

CIBIL Score

Rate of Interest

Period

Four Wheeler

(100% Finance)

Including Electrical

Upto Rs. 20.00 Lakhs

Any One CIBIL score 700 & above

7.50% p.a.

Upto 84 Months

Both CIBIL score below 700

8.00% p.a.

Upto 84 Months

Four Wheeler

(90% Finance)

Including Electrical

Above Rs. 20.00 Lakhs

Any One CIBIL score 700 & above

8.50% p.a.

Upto 84 Months

Both CIBIL score below 700

9.00% p.a.

Upto 84 Months

2nd Hand Four Wheeler

 

Upto Rs. 20.00 Lakhs

Both CIBIL score 700 & above

10.50% p.a.

Upto 60 Months

CIBIL score below 700

11.00% p.a.

Two Wheeler

(100% Finance)

Upto Rs. 20.00 Lakhs

Any One CIBIL score 700 & above

8.50% p.a.

Upto 60 Months

Both CIBIL score below 700

9.50% p.a.

Upto 60 Months

Two Wheeler Electrical -(100% Finance)

Upto Rs. 20.00 Lakhs

Any One CIBIL score 700 & above

8.00% p.a.

Upto 36 Months

Both CIBIL score below 700

9.00% p.a.

Upto 36 Months

  • This scheme is applicable upto 31st March 2022

Other Features

  • For Car Loan: No Guarantor if the residual income is more than 17,000/-. If residual income is less than Rs.17000/- then One Guarantor Required.
  • For Two Wheelers: No Guarantor, if the residual income is more than 10,000/-. If residual income is less than Rs.10,000/- then One Guarantor Required.
  • Finance for 2nd hand vehicle (for vehicle not older than 5 years). Valuation of second hand vehicle is mandatory and amount should not exceed 50% of value certified by valuer.
  • 25% Collateral Security for loan above Rs. 20.00 Lakhs
  • Processing Fees:
  1. For Four Wheeler Vehicle for Personal use: 50% (Minimum 1000.00) + Applicable Taxes
  2. For Two Wheeler Vehicle for Personal Use:  0.50% (Minimum 500.00) + Applicable Taxes

 
Documents/Papers required:

  • Vehicle Quotation from Authorised dealer.
  • PAN Card xerox.
  • 3 photographs.
  • Residential Proof ( Aadhar card/electricity bill/ Passport of current address)
  • If Salaried: Salary Slip for last 3 months and form 16 or IT returns for last 3 years.
  • If Businessman: IT returns of last 3 years along with Balance Sheet & Profit & Loss for 3 years.
  • Bank statement for last 6 months and existing loan account statement if any.
  • One Gurantor if required (PAN card xerox, Residential proof, Income proof )

For any queries do get in touch with nearest branch.


* T&C applicable APPLY  Download PDF