DNS BANK NEW FESTIVAL DHAMAKA VEHICLE LOAN (Branch)

 

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 31^st 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 2^nd 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.