What are the documents required for a car loan / car finance?


Buying a new car is everyone's dream. However, those planning to buy on finance has to submit some important documents like: address proof, self financial health details etc. Documents required for individual car buyers are different from those buying in a companies name.


Please provide full details about car loan

What are the documents required for a car loan / car finance?

For getting car loans at good interest rates one needs to have all documents.

Documents required for individual buyers differ from those who want to buy a car in their companies name.

Documents required for Individual buyers are:

ITR Return ( Income Tax return) Or Form 16 for minimum 2 years
Pan card
Without these documents it will be very difficult to get a car loan

Address Proof - One can use a Electricity bill, Telephone bill, Voters ID Card, Passport, House registration, LIC policy for the same

Bank statement for last 6 months minimum

Last 3 months salary slips

Two photographs

Details of current loans if any - Loan account number, EMI etc

In case you have recently change jobs then you will have to submit Appointment letter with salary details, last companies form 16 and salary slips.


Documents required to finance a car March 18 2016.

VISITOR                                                      Hi.. Ek question hai..


AGENT                                                        ji puchiye?


VISITOR                                                      Mujhe car  finance karana hai


VISITOR                                                      kya kya lagega?


AGENT                                                        Documents required are


                                                                       Address proof


                                                                       IT return or Form16


                                                                       Photo graph


                                                                       Identity proof - normally a pan card, passport etc.


                                                                       Income proof - bank statement for last 6 months minimum


VISITOR                                                      Thanks a lot


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