Used Car Loan Daman

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Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
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Best Banks for Used Car Loan in Daman

Feature
HDFC Bank
ICICI 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 DamanGoing 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
ICICI 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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Daman Documents Required

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 if 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

For Salaried:-

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

For Self-Employed:-

  1. Age: 25 years (Minimum)
  2. Age at tenure: 65 years (Maximum)
  3. Employment: at smallest 3 years in sales (Minimum)
  4. 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
>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
ucl_processing_fees

CIBIL Score Required for Used Car Loan in Daman

The Cibil score is labeled 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 assisting 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.

Used Car Loan EMI Calculator

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