Documents required for a car loan


Documents required by various financial institutions to process the car loan application are: –

                     Valid identity proof
                     Pan Card
                     Election Card
                     Photo Identity issued by Government,
                     Driving License
                     Photo Credit Card
                     Employees ID card
                     Valid residence proof
                     Bank Account Statement
                     Ration card
                     Latest Electricity Bill
                     Latest Telephone Bill
                     Latest Credit Card Bill
                     Employers letter certifying current mailing address
                    Passport (Valid) – provided the passport address
                     Existing Registered House Lease
                     Valid age proof
                     Matriculation/10th Mark sheet
                     Birth certificate issued by competent authority
                     Valid signature proof
                     Valid Passport
                     Pan Card
                     Processing Fee Cheque
                     Banker’s Verification Letter
                     Valid Income proof
                     Bank statements (latest six months)
                     Latest ITR along with calculation of income
                     Loan Application letter from the bank you want to take loan from.
                     Documents related to the purchase of the car you want to buy.
                     Documents of collateral (if any).
                     Related legal Affidavits depending on the bank
                     Your passport sized recent photographs
                     Post-dated cheques (pdc)
                     Guarantors and the same set of their documents (Optional)



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