About Dena Bank Car Loan Kochi
Dena Bank was constituted in July 1969 along with 13 major banks as nationalized banks. The headquarters of Dena Bank are based out at Mumbai. It is a government owned bank which provides numerous financial services of great value to its customers. The bank laid down its presence in Kochi by setting up only two branches there. Apart from varied loans, a car loan is one such loan offered by Dena Bank to the loan seekers.
A car loan is a type of loan provided to the loan aspirants in a most convenient, quick and cost-effective way to possess their dream car. The interest rates offered to them would be subject to Dena bank's stipulated criteria and changes are likely to happen from time-to-time. The bank usually considers various things when it comes to evaluating the credit history of a customer. For those customers who have a good reputation in paying their debts in time are more likely to get a reasonable interest rate on their loan. Moreover, Dena Bank's auto financing scheme is voted as one of the top-rated financing products which are widely accessible to car owners in India. The bank takes into consideration every particular aspect of individual needs so that customers tend to enjoy every personalized attention from the bank officials which guides them throughout their loan sanctioning process. The mode of disbursing loan is made through an authorized dealer. The interest rates are available for new four-wheelers irrespective of the make and model chosen by the customer. Dena Bank officials are responsible enough to assist you in making the right decision on how repayment should be made on the car loan. The detailed forecast on your car loan repayment will help you in comfortably plan your investment in a car of your choice without any hassles.
Dena Bank Car Loan Kochi at a glance
|Interest Rate||7% onwards|
|Loan Amount||Upto ₹ 200 lakhs for purchase of a new car.|
|Tenure||Maximum upto 7 years for new vehicle.|
2nd hand four-wheeler(upto 3 year old)-Maximum upto3 years
|Processing Fee||₹ 500 irrespective of loan amount (Plus service tax as applicable from time to time)|
Salaried Individuals, proprietary firm, partnership firms and companies are eligible to apply for the car loan.
The minimum income for salaried individuals/proprietary firm is ₹ 2.50 lakhs per annum.
The minimum income for partnership firm/company is ₹ 3 lakhs per annum.
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR
Bank Statement: Last 6 months
To know more, visit Car Loan Kochi
Address of Dena Bank Branches in Kochi
|Branch Name||Complete Address||IFSC||MICR||Contact Number|
|Ernakulam||PB NO.1792, XXX/537, M.G.ROAD, Ernakulam, Cochin, Kerala - 682016||BKDN0620371||682018001||0484-2351414|
|Cochin - Naval Base||INCS Complex, Naval Base, Cochin - 682004||BKDN0620465||682018003||0484-2667351/2666460|