Car Loan Daman

Car Loan Daman

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Best Banks for Car Loan in Daman

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 % - 7.95 %	8.5 % - 9.5 %	11 %
Min Loan Amt	Metro : 1 Lac & Non Metro: 75000	75000	75000
Max Loan Amt	1 Cr	1 Cr	1 Cr
Loan Tenure	Upto 7 Years	Upto 5 Years	Upto 5 Years
Processing Fee	1999 - 4999 + Tax	0.25% to 1.50%	0.25% to 1.50%
Preclosure Chgs	2%, Nil after 24 months	2%, Nil after 36 months	Nil
Loan to Value (LTV)	Upto 100% on Ex- showroom	Upto 95% on Ex- showroom	Upto 90% on Ex- showroom

Car Loan Daman Features

car loan daman Taking a car loan becoming essential these days. These days, achieving dreams like going on vacation in your car became difficult.so, to get the loan easier just apply for a loan on the dialabank website. Here you can get the loan with very attractive interest rates. And dialabank fulfills your desire of having a personal car just in few easy steps.

Car Loan Daman Interest Rate

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan	Nil	Nil
Muthoot Car Loan	Nil	Nil
Manappauram Car Loan	Nil	Nil
PNB Car Loan	0.70% to 1%	Nil
Canara Bank Car Loan	0.01	Nil
Andhra Bank Car Loan	Nil	Nil

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Daman Documents Required

Documents required for car loan are as followed:

For Salaried Employees

2 passport size photocopies are necessary.
Proofs like PAN Card, Voters ID card, Driving License are required.
For Salaried– Latest 3-month salary slip with form 16.
Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
The last 6 months’ bank statement is needed.

For Self Employed

2 passport size photocopies are necessary.
Proofs like PAN Card, Voters ID card, Driving License are required.
For Self Employed- Latest Income tax returns required.
Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
The last 6 months’ bank statement is needed.

Car Loan Daman Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

Firstly, the borrower must be an Indian citizen.
Secondly, the minimum applicant age 21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
Besides that, the applicant must have secure employment working the current job status of one year as well as regular income in the account.
More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
Besides that, the borrower should have some source of income.
After that, the monthly income of the applicant should be Rs. 18k minimum.
After that, the borrower should be from two years in employment as well as from 1 year in the same company.
Finally, CIBIL scores of the borrower should be more than 750.

For Self Employed

Firstly, the borrower must be an Indian citizen.
Secondly, the minimum applicant age 21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
Moreover, the borrower should be in the business for two years.
Finally, CIBIL scores of the borrower should be more than 750.

Car Loan for Major Car Manufacturers in Daman

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Daman

check here for the processing Fees and Prepayment charges on a car loan.

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

CIBIL Score Required for Car Loan in Daman

CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you pay your EMIs in time then your Cibil score will be increased. if you do not repay Your EMI your Cibil score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Daman Contact Number

Apply for a Car Loan

For instant help and any more queries, you can call 9878981166. You can also visit our website for more information Dialabank

Pre Calculated EMI Table for Car Loan Daman

check here of Pre calculated EMI table for a car loan.

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

About Daman

Daman is a capital city in the Indian union territory of Dadra and Nagar Haveli and Daman and Diu. It is one of the union territories of India. Daman is divided by the Daman Ganga River into two parts. Across the Daman Ganga River, Moti Daman Fort constitutes the remains of a Dominican monastery, plus the Basilica of Bom Jesus Church, known for its gilt altarpiece. Close by, the Chapel of Our Lady of Rosary features intricate carvings.