Car Loan (New & Used)
A used car loan is a loan taken to fund the purchase of a pre-owned or second-hand car. Many people today prefer to purchase a second-hand car as it offers a host of benefits – money-saver, slower depreciation rate, tension-free drive 24×7, and upgrade in segment.
Being one of the best organizations, we are offering Car Loan Service. This service is executed by our skilled professionals using high grade tools and advanced technology. Our professionals check all the quality parameters associated to this service and perform the service in the best possible manner. We offer this service as per the requirements of our clients. Further, the offered service is highly demanded by our clients for its cost-effectiveness and promptness features.
Features of Car Loan
- No need to sell the property as it provides you with instant Liquidity
- Excellent debt consolidation tool
- Loan tenure upto 7 years
- Attractive Rate of Interest
- Flexible repayment options : Emi based loan or Dropline Overdraft Facility
- Funds can be used for Business as well as Personal needs
- Residential and Commercial properties accepted as collateral
Documents Required for a Car Loan
The common documents which are required for an online personal loan approval are given below:
- Identity & Age Proof
- Completely filled personal loan application with photograph
- PAN Card
- Residence proof – Passport driving license, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
- Bank statements for the last 3 months (preferably your salary account)
- Salary Slips of last 3 months of the current company
- Form 16 or Income Tax Returns of last 3 years if govt. employee
- Identity & Age Proof
- Completely filled personal loan application with photograph
- PAN Card
- Residence proof – Passport driving license, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
- Bank statements for the last 6 months (preferably your salary account)
- Salary Slips of last 3 months
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account