top of page

What are the documents required for a car loan?

  1. Salary certificate 

  2. Last Four months Bank statements 

  3. Passport and Visa copy

  4.  Emirates ID

  5. Driving License 

 

Additional documents

If bank needs more documents we will inform you . The documents that normally asking as additional are pay slip or clarification letters, home country license ,marriage certificate  etc. (If bank needs only ) .

Where I deposit my advance amount ?

After approval by our credit team, if we want to proceed with our deal, we need to pay our service charge of AED 525. It can be deposited in any of these accounts. And send us the receipts. A refund of Dhs 500 is available if the deal is rejected, but if you wish to cancel, it will not be refunded. Remember that we only send bank application forms once the advance is received.

ENBD

DEEPAK SOMASUNDARAN

CURRENT ACCOUNT

AC - 101 1394169 001

IBAN- AE310260001011394169001

EMIRATES N B D

RAK BANK
DEVALOKAM CAR REGISTRATION TRANSFER SERVICE

AC 0372230670001

IBAN AE080400000372230670001

Al Qusais 

If you want to  search the car in market before our confirmation,  you can do it.But don't give any advance without any conformation. If you have confidence in your documents, you can give advance on  your own risk. All original documents should be on you before purchasing the car from seller. After pre approval from the bank or at the time of car purchase, originals should be submitted in the bank or our team.

our procedure 

 

Step 1- First we collect your documents and contact our credit team for car loan eligibility.

Step 2- If the eligibility is matched by our credit team, we send your documents to the bank for pre-approval after receiving the advance only.

Step 3-If the pre-approval from the bank is granted then our company person will come with you and pay the full amount to your seller and buy the car from seller.

Step 4- After that we complete your bank procedures and register the car in your name. After receiving the amount we released the car and warranty documents. 

What can we guarantee?

Trust us, we will do our best to get your car.

bottom of page