An Auto Loan is a type of loan taken for purchasing a new or used private or commercial vehicle. It is offered by Banks and other Financial Institutions for purchasing new cars, used cars, two-wheelers and commercial vehicles.

Documentation

  • Valid Identity Proof.
  • Valid Address Proof.
  • Income Proof.(Last three month salary slip in case of salaried individuals and last two year ITR documents for self-employed and business category.
  • Last one year bank account statement.
  • Vehicle Invoice from the show room in case of new vehicle.
  • Copy of RC Book and valid Insurance certificate for used vehicles.