Used Car Loan Daman

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Best Banks for Used Car Loan in Daman

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	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

Used Car Loan Daman Features

Used Car Loan Daman Going to reflect on buying a used car? But don’t they have the necessary money for it? Make no fears! There is a used car loan for you somewhere. A used car loan is a mode of debt or government aid given to the buyers by banks and NBFCs at a reasonable rate to help them obtain a used vehicle.

Seeing as used cars have now become an essential to everybody, but the value of used cars is increasing steadily every day. It is like this where a used car loan plays a role and meets your urge to be the buyer of your old car desire. A used car loan in Daman has the core aspects of:

Loans on a wide assortment of used cars and tri-use cars up to Rs.2.5 Crore
Offers unique and comfortable federal loans with EMIs that are purse friendly
Enjoy a system at the doorstep and easy documenting
Achieve 80% of the car’s valuation as a loan rate for 3 years despite confirmation of profits

Used 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	1%	Nil
Andhra Bank Car Loan	Nil	Nil

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

Apply for a Car Loan

Used Car Loan Daman Documents Required

An individual must check the documents required for a car loan before deciding.

For Salaried:-

Proof of Identity of an individual: PAN Card, Voters ID card, NREGA job card received, Letter published by the National Register of Population including identity & email address, Passport copy, Driving License
Proof of wages of an individual: Latest 3-month salary slip with form 16
Proof of residence of a person: Driving license / Voters card / Passport Copy / NREGA job card received / Letter published by the National Register of Population including identity & email address /PAN Card
Bank Statement of an individual: Last 6 months.

For Self Employed:-

Proof for identity verification: PAN Card, NREGA job card received, Letter published by the National Register of Population including identity & email address, Voters ID card, Passport copy, Driving License
Proof of Income Verification: Latest ITR, current slip
Proof of house verification: Voters card / Passport Copy / Driving license / NREGA job card received / Letter published by the National Register of Population including identity & email address / Life Insurance Policy /PAN Card
Bank Statement verification: Last 6 months.

Used Car Loan in Daman Permitted Criteria

An individual must examine the Eligibility criteria for a car loan along with the process.

For Salaried:-

Age: 21 years (Minimum)
Age at Competition: 60 years (Maximum)
Employment: 1 year in current employment and a minimum of 2 years of employment (Minimum)
Annual Income: Earn at least Rs 2,50,000 a year, with spousal profits (Minimum)

For Self-Employed:-

Age: 25 years (Minimum)
Age at tenure: 65 years (Maximum)
Employment: at smallest 3 years in sales (Minimum)
Annual Income: Earn at least Rs 2,50,000 a year (Minimum)

How to Apply for Used Car Loan in Daman?

Able to deliver a used car finance Daman with DialaBank is a cheap fix. Follow the procedure below to get the lowest prices:

Access our website Dialabank
Select “ for used car loan application from the homepage
Review the details about the brand of used car and your contributions
Register for our project team to get in step with you on your assigned number earliest.
In case of questions surrounding the loan, you can however notify our middle managers at phone 9878981166.
To create use of a remote used car loan users would also need to sign up for an account yourself, which could start out to be intense for you.

Used Car Loan for Major Used Car Manufacturers in Daman

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Daman

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 Used Car Loan in Daman

The Cibil score is labelled as what dictates your opportunity to make your payments pay off. A strong credit score implies a great payment history which makes the screening process for your used car loan straightforward which easy to maintain. Most of the time, banks and NBFCs consider a mortgage rate of 750 and above as a satisfactory score for accepting your Daman loan application form.

This result will vary from bank to bank, again. You might be supposed to pay a high interest rate on the mortgage sum in case of a bad CIBIL score than for the peak voltage and if your CIBIL score is reasonable then you will have to offer a poor rate of inflation. However, a CIBIL score in something like a car loan is a major factor.

Used Car Loan Daman Contact Number

If you’ve any problems with the used car payment in Daman, you may approach for any other kind of assistance at the numbers 9878981166.

Pre Calculated EMI Table for Used Car Loan Daman

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 stunning little town on the sides, bound by Gujarat, Maharashtra, and Arabian Sea states. The area has a storied tradition and heritage. Their history dates back upwards of 2000 years. The current is tinted with pleasure, ease, and festivity colors.