Our car loans are easy and quick to avail and we make sure to take on the roads faster with our fastest possible processing of the loan.
After you finalize your lender, the lender’s direct selling agent will visit you and collect documents supporting proof of income, residence proof, and identity. You may be required to produce copies of IT returns, salary slips, bank statements, passport, driving license, and other relevant documents. These requirements vary from lender to lender.
After submitting the documents, a field investigator will visit your home to double check the facts provided in the documents, such as your place of residence, tenure at work place, and so on. It is essential that you are present during this visit to clarify any query that the investigator might have. Otherwise, the investigator might not get all the facts clearly and could report that the facts you provided do not actually add up – thus forcing the lender to reject your loan application.
Once the lender is satisfied with the veracity of your documents, the loan is approved. The lender then disburses the amount through cheques / Online Bank Transfer.
| Particulars | Details |
| New Car | for private and commercial use |
| Used Car | purchase |
| Finance Against | Used Car |
| Age | should be 21-60 for salaried and 21-65 for self employed |
| Profile | individual partnership proprietorship private public limited company School trust society |
| Basic Documents | photo ID residential and sin proof own house proof business proof income documents bank statements for 3 to 6 month existing vehicle details |
| Compulsory | Aadhar and PAN card |
| Legal Entity Proof Documents | like partnership deed Memorandum & articles of association for company |
