Car Loan

Car Loan is a Secured Loan. Car Finance is offered against the security of a house / property which is funded by the bank's loan, the property could be a personal property or belonging to a firm. In this type of loan the borrower gives the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property. .

Car Loan - Documentation






Our representative will help you with the formats of documents and the information required.
Income proof:
Salaried individuals: Latest Salary Slip and 2 years Form 16/ Income tax returns.
Self-Employed individuals: Income Tax Returns of 2 previous financial years.
  Income Tax returns of 2 previous financial years along with complete financial/audit report.  
Documents supporting customer information :   Identity Proof, Signature Proof,Recent passport size colour photograph and Address Proof as per norms (Our representative will help you choose suitable documents). 
 
Partnership Firms: Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation.

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