Apply for a CAR loan
A car loan (also known as an automobile loan, or auto loan) is a sum of money a consumer borrows in order to purchase a car. Generally speaking a loan is an amount of money that is lent to an individual, a business, or another entity. The party that lends the money is known as the lender, while the party borrowing the money is called the borrower.
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When applying for a car loan, you will need to submit the following documents:
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Proof of Identity
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Proof of address
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PAN Card
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Proof of Income
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For salaried class
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Last 2 yrs. ITR
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Form - 16
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Last 3 months salary slip
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Last 6 months bank statement
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For non-salaried class
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Last 2 yrs. ITR
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Audited Balance Sheet
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Last 12 months bank statement
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For agriculturists not filing income tax returns, income certificate issued by Tahsildar/Mandal Revenue Officer/Revenue Department Officer having State Level Gazetted rank
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The authenticity of dealer of the company or supplier of vehicles.
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Quotation of the vehicle to be purchased .
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Receipt of payment already made to the dealer.
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Valuation certificate from the Insurer in case of old vehicle not older than 3 years.
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Insurance with bank clause at the time of delivery of money to the dealer.
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