What Are The Documents Required For Vehicle Loan?

What Are The Documents Required For Vehicle Loan?

Here is the checklist of the documents required to apply for a car loan:

  • Proof of age.
  • Identification proof.
  • Application form.
  • Passport size photograph.
  • Proof of residence.
  • Income proof.
  • Bank statement.
  • Signature verification proof.

What documents do I need to finance a car?

7 Crucial Things You Need to Apply for a Car Loan

  1. Proof of Income. Most lenders require proof that a borrower is actively earning income to ensure he can make his car payment.
  2. Proof of Residence. A lender must verify your address on the car loan application.
  3. Proof of Insurance.
  4. Identification.
  5. Credit and Financial History.
  6. Vehicle Information.
  7. Trade-in Documentation.

What are the documents required for commercial vehicle loan?

Documents Required For Commercial Vehicle Loan:

  • Two years Income Tax Returns (ITR)
  • Audited Financial Statements of the business.
  • Six months bank statements.
  • Duly filled application form.
  • Cheque for processing fee.
  • Age proof.
  • Aadhaar.
  • PAN Card.

What are the documents required for SBI car loan?

Documentation needed to apply for an SBI Car Loan

  1. Residence proof.
  2. Photo ID and age proof.
  3. Signed application form with photograph.
  4. Last 6 months bank statement.
  5. Documentation for salaried applicants: Last 3 months salary – slips.
  6. Documentation for self-employed applicants:

Photo in the article by “Picryl” https://picryl.com/media/7-30-loans-original-blank-1865-to-jay-cooke-subscription-agent-philadelphia-1