Dhanalakshmi Bank, one of the leading private sector banks, offers a variety of financial goods and services. Its services include an automobile loan facility for qualified people at affordable interest rates.
The qualifying requirements of Dhanalakshmi Bank must be satisfied before you can apply for a car loan. The bank's eligibility calculator for car loans can be handy in this situation.
You can use the Dhanalakshmi Bank auto loan eligibility calculator to figure out whether you qualify for one of the bank's car loans. You must enter information like your age, income, type of employment, loan amount, and EMI.
The tool will determine your eligibility for a car loan from Dhanalakshmi Bank based on the data you furnish. The eligibility requirements for a new car loan from Dhanalakshmi Bank are listed in the following table:
| Eligibility Criteria | Eligibility Details |
|---|---|
| Age | 21 to 60 |
| Employment Type | Salaried or self-employed |
| Income | Rs.1.20 lakh |
| Loan Amount | 90% of the on-road price |
| EMI | Up to 50% of net income |
Numerous variables can impact your eligibility for a car loan from Dhanalakshmi Bank. These include your age, income, employment status, credit rating, loan amount, etc. A car loan from the bank is more likely to be approved for younger candidates with a reliable source of income and a solid credit score.
The following paperwork is needed to apply for a car loan from Dhanalakshmi Bank.
Application with a photograph
(Driver's licence, passport, PAN card, etc.)
Address verification (passport, phone bill, electricity bill, etc.)
Income documentation (pay stubs, bank statements, ITRs, etc.)
A car quote from the dealer
The eligibility calculation only applies to loans for new cars.
The minimal annual income is INR 2.5 lakhs for salaried individuals and INR 3 lakhs for self-employed individuals.
For salaried individuals and up to 80% for self-employed individuals, the maximum loan amount is up to 90% of the cars on-road price.
No, 58 years is the upper age limit for those requesting a car loan from Dhanalakshmi Bank.
For salaried individuals, the maximum EMI is up to 50% of your net salary; for self-employed individuals, it is up to 50% of your net income.