What are the documents required for a car loan?
Last Four months Bank statements
Passport and Visa copy
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.
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DEVALOKAM CAR REGISTRATION TRANSFER SERVICE
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.
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.