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.