Car Loan


Who does not dream of having his or her own personal car and travelling with their family in it? Many others also have plans to buy a car for business purposes. But buying a car requires a lot of money. Especially in present times, the prices of the cars have increased a lot than it was before. While in other cases, your dream car is so costly, that the only possible way to avail it requires a loan from the bank.
Banks offer loan for buying a new car for personal and business usage. But getting the loan for vehicle is not as easy as it seems. There are a lot of formalities that are to be done before the bank provides you with the loan. There are also many cases that the plea of loan is declined by the bank. The banks have a lot of strict and inflexible rules and regulations regarding car loans. In this situation, the best option for you will be availing car loans from us.
We have simple rules regarding car loans. All you have to do is visit our site and go through our rules and regulation. After that you just have to apply for our car loan facility. There are certain documents which are needed to be submitted for availing this loan. After verification we provide the loan to you. Visit us today for your car loan needs.
Documents required
Businessman:
·         Financial statements for last two years
·         Residential address proof
·         Proof of Age Certificate (ID proof)
·         Business Existence Proof
·         Bank statements for last six months
·         Copy of partnership deed (if any)
·         Passport size photograph


Salaried
  • Address proof.
  • Bank account statements for last six months.
  • Salary slips of last three months.
  • Age and identity proof.
  • Passport size photos.
·         Certified letter from Employer
Professionals
  • Address proof.
  • Bank account statements for last six months.
  • Salary slips of last three months.
  • Age and identity proof.
  • Passport size photos.
  • Tax returns documents.
Eligibility criteria for Car Loan
  • Monthly income: Monthly income must be minimum of ₹15000/-.
  • Employment status: Only provided to the self-employed and salaried persons with stable income.
  • Property value: There should not be any mortgaged property.
  • Relationship with lender: There should be an overall goodwill with the bank officials as well as timely payments must also be done.
  • Age: The age limit is 21 to 55 years.
  • Credit history: The individual must pay income tax at regular intervals.


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