Car Loan
Car Loan Eligibility
Different company have their own criteria for loan
some of them companies follow this criteria
 Minimum Age of the Applicant
- 18 years
 Maximum Age of the Applicant - 60 years for salaried applicants and
65 years for self-employed applicants
 Minimum Annual Income - Rs.3 lakh
 Car Model Any approved car model
 Type of Employment - Salaried or self-employed
 Country or Place of Residence - India (rural/semi-urban/urban areas)
 Duration of Stay in Current Residence - A minimum of 1 year
step 1 - final the model you want to buy
step 2 - get the quotation for that perticular model.
step 3 - collect the all needed details to get the loan
for the verification and approval of the car loan they requires certain
documents.
Documents  Proof of identity
Required  Proof of address
PAN Card
Proof of income
For salaried class
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Last 2 years ITRs
Form-16
Last 3 months salary slips
Last 6 months bank statement
For non-salaried class
 Last 2 years lTRs
 Audited Balance sheet
 Last 12 months bank statement
For agriculturists not filing income tax returns,
income certificate issued by Tahsildar/Mandal
Revenue Officer/Revenue Department Officer having
State Level Gazetted rank
step 4 - apply for loan
step 5 step 6
document verification by company or bank
- get approval on loan
step 7 - buy your dream car.
step 8 - due to loan amount pay EMI