Who can apply?

Applicant such as:

1. Whom Job with Salary slip or salary transfer in account.
2. Whom having Business with GST certificate & ITR.
3. Whom having no Income proof but bank balance is good.

Yet to pin down on your perfect car? Browse through our personal loan eligibility criteria mentioned below, to make sure your New Car loan is approved at the very first go:

1. The applicant has to be in Job for last 1 years with a minimum salary of Rs.15000/- Monthly.
2. The applicant is business, have Company must have in profit making last year.
3. The main applicant should be minimum of 24 years of age & should be no older than 60 years at the time of loan maturity.

Documents Required for a New Car loan

For loan up to Rs. 10 lakhs:

• PAN Card +Aadhaar Card.
• Last 6 months bank statements.
• New car dealer documents (Proforma invoice, Insurance, Margin money).

For loan Rs. 10 lakhs + :

• PAN Card +Aadhaar Card
• Ownership Proof- E bill.
• Income Proofs (Current Salary Slips/Latest Form 16/Current ITR).
• Last 6 months bank statements.
• New car dealer documents (Proforma invoice, Insurance, Margin money)

1. Identity proof : PAN Card/Driving License/ Passport/ Voter's ID/ Aadhaar Card
2. Address Proof: Passport/Driving License/Voter's ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old)
3. Ownership proof: Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate
4. Job continuity proof: form 16 / joining letter / pf account statements.
5. Banking: Last 6 months bank statement.