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. .
| 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. | Our representative will help you with the formats of documents and the information required.