This loan is provided for:
Parameters:
Loan portion | Private (Personal Use) | Private (Business Use) | ||
Up to 50% of quotation price | Up to 65% of quotation price | |||
Tenure | Minimum 2 Years - Maximum 7 Years |
Documents required: | |||
---|---|---|---|
Y = Required; N = Not Required; O = Optional
|
|||
Documents | Self Employed | Salaried | Company/Firm |
Identification | |||
2 Passport size photo of applicant |
Y
|
Y
|
Y
|
Photocopy of Citizenship Certificate/ Passport (Applicant & guarantor) |
Y
|
Y
|
Y
|
Photocopy of valid Driving License |
O
|
O
|
O
|
Photocopy of Registration Certificate |
N
|
N
|
Y
|
Photocopy of Operating Approval |
O
|
O
|
O
|
Photocopy of Tax/PAN/VAT certificate |
N
|
N
|
Y
|
Proof of Income | |||
Original Salary Certificate not more than 10 days old |
N
|
Y
|
N
|
Photocopy of Contract agreement |
N
|
O
|
O
|
Photocopy of Rent Contract |
Y
|
Y
|
N
|
Original Bank Statement (Past 3 months) |
O
|
O
|
O
|
Photocopy of Financial Statements (Past 2 years) |
Y
|
N
|
Y
|
Others | |||
Original Quotation of vehicle and from the body builder if body needs to be built up. Fax copy of quotation mentioning applicant’s name received from dealer is also acceptable. |
Y
|
Y
|
Y
|
Photocopy of Land ownership certificate (Lalpurja) |
Y
|
Y
|
N
|
Photocopy of Memorandum and Articles of Association |
O
|
N
|
Y
|
For used vehicles only | |||
Original Invoice of Used car showroom / certified copy |
Y
|
Y
|
Y
|
Valuation report of vehicles from valuators |
Y
|
Y
|
Y
|