Features
- Attractive interest rates
- Easy ad 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. 10,00,000/- (Non-Individual)
Tenor for Loan Amount
1 – 5 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 and
Rs. 100,000 for premium car
For Self-employed Individuals
Rs. 60,000 for Standard car and
Rs. 100,000 for premium car
*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 center only.
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