Documents Required for Car Loan

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What are the Documents Required for Car Loan?

Documents Required for Car Loan

A Car loan is the best way to buy a car if you are having limited finance. You can get financial help from the banks and NBFCs. All you need to be eligible for a car loan. Banks need your documents for the approval of a car loan.

Documents required for a car loan may differ as per the profiles. For salaried and self-employed profiles, there are different income documents. To get an approval for a car loan, you need to submit some required documents as per the banks. After the verification process, you can get approval.

Car loan depends upon some factors:

  1. Salary/Income of the individual
  2. Price of the car model
  3. Credit history
  4. Employment profile

Banks check the creditworthiness of the individuals and their profiles. If they are falling under some special categories, they can get special offers from the banks. A car loan is an easy and simple process.

To get instant approval, an individual need to submit required documents. Given below is the list of documents for quick approval. Check your eligibility and documents and apply now. Call Dialabank on 9878981166 to get the expert’s assistance.

Documents Required for Car Loan
Salaried Individual Self Employed People
3 months salary slips with Form 16 2 years ITR (minimum 2 lacs)
Latest 6 months bank statement
PAN Card copy
Current Address Proof DL/Voter ID/Passport/Aadhaar Card
Identity Proof
Car Quotation from Showroom