Easy to apply for a loan with us,Once you have complete this form.
Whenever an individual or non individual is purchasing a pre owned car either directly from a customer ( owner of the car ) or a used car dealer it is termed as used car purchase and the loan availed on this purchase is categorized as Used Car Purchase Loan .
The maximum tenure in to a used car loan is 5 years.
The age of the car into used car refers to the difference of date of manufacturing and loan completion date .
10 years(Few models can be funded upto 12 years*)
8 Years(Few models can be funded upto 10 years*)
The Maximum funding that can be availed here is upto 90 % of the car valuation .
Used Car refinance refers to the cash loan taken by a customer on a loan free car.
Rest terms and conditions remains same.
Note :- The maximum funding that can be taken on a loan free car is 140 % of the current value *
As the name suggests this is a balance transfer of existing loan running on a car along with some extra funds.
This loan is availed with only one single reason and that is cash loan which a customer gets on his existing car which is quite significant.
The maximum loan that can be availed into this product is as high as 200% of the existing car value *.
|Car Loan - Only applicable for Salaried||Partnership Firm||Company Applicant||Individual / Proprietorship Firm|
|2 Year Form -16 / Letter of Appointment||3 Year ITR/Computation/Audit report with 3cd report and all the annexures **||3 Year ITR/Computation/Audit report with 3cd report and all the annexures **||3 Year ITR/Computation/Audit report with 3cd report and all the annexures **|
|3 Month Latest salary slip||1 Year Current account statement||1 Year Current account statement||1 Year Current account statement|
|6 Month Salary slip||Firm Pan Card||Company Pan card||Pan Card of individual/proprietor|
|Pan Card||Firm registration||Company registration- VAT /RST/CST||Firm registration|
|Adhar Card / Current residence address proof||Partnership Deed||MOA||Vat Returns|
|2 Photo||GST Returns||List of directors & shareholding pattern ( CA Attested)||Residence address proof|
|Running Loan details||Loan details , if any||2 Photo||---|
|---||Pan Card of any one partner||Pan Card of any one Director||---|
|---||Residence address proof of any one partner||Residence address proof of any one Director||---|
|---||2 Photo of any one partner||2 Photo of any one Director||---|
|---||Qutation of Car||Qutation of car||---|
|** - If Unaudited than ITR/Computation with P & L ,Capital account and BS||** - If Unaudited than ITR/Computation with P & L ,Capital account and BS||** - If Unaudited than ITR/Computation with P & L ,Capital account and BS|
Here is an exhaustive list of all the fees and charges to be paid for the Car loan.