A short-term loan in which the borrower’s car title is used as collateral. The borrower must be the lien holder (i.e. own the car outright).
Documents Required for Car Loan
| Documents | Salaried | Self Employed |
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| Photo Identity Proof: Any One from the following Passport Pan Card Voters ID Card Drivnig License |
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| Residence Address Proof: Any One from the following Passport Adhaar Card Utility Bill |
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| Residence Ownership Proof: Any One from the following Property Documents Maintenance Bill Electricity Bill |
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| Income Proof: Latest 3 months Salary Slips and Form 16. |
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| Job Continuity Proof: Any One from the following Current Employment Certificate Current Job Appointment letter (if it is more than 2 years) Experience Certificate (including your previous job certificate or appointment and relieving letter) |
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| Bank Statement: Latest 12 months statement |
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| Down Payment Dealer Reciept. |
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| Car Quotation. |
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| 1 passport size color photograph | |
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| IF PROFESSIONAL: Please submit your Professional Degree Certificate. | |
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| Office Address Proof: Any One from the following Property Documents (if any) Maintenance Bill (if any) Utility Bill |
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| Office Ownership Proof (if any): Any One from the following Property Documents Maintenance Bill Electricity Bill |
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| Business Existence Proof: Any One from the following 3 years old Saral Copy Shop Establishment Act Any Tax Registration Copy Company Registration license |
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| Income Proof: Latest 2 years Income Tax Returs including Computatin of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc., |
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