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
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
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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
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
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Daman
check here for the processing Fees and Prepayment charges on a car loan.
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
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
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.
Car Loan EMI Calculator
Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increase our CIBIL score.
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