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Car Loan Documents required

Documents required for Car Loan in India

DOCUMENTS SALARIED SELF EMPLOYED PROFESSIONAL SELF EMPLOYED NON PROFESSIONAL
Application form with photograph duly signed
Identity, residence and age proof
Last 6 months bank statements
Last 3 months Salary-slips
Processing fee cheque
Form 16 / Income Tax Returns
Proof of business existence
Business profile
Education qualification certificate and proof of business existence
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Vehicle Documents

  1. Sales receipts from the showroom from where the vehicle has been purchased
  2. Driving license and Insurance Proof

Apart from the above mentioned documents, banks can ask for additional documents as per their policy. It is in the interest of the applicant to see to it that the documents are submitted in the prescribed format to ensure a glitch free application process.

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