What is Used Car Loan ?

 

Used Car Loan can be availed for two Purpose mentioned below:-


  • For Purchasing New Second Hand Car
  • In Case of Any Personal Need, Loan Against Your Existing Car

What is the Maximum Amount that can be availed?

 

At Present, Banks/NBFCs fund maximum 100% Value of Car

 

What are the Documents Required?

 

Common Document required are Pan Card,Adhaar Card/ Voter ID Card, Insurance and RC Copy

 

Documents Required for Salaried:

 

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Salary Account statement for last 3 Months

Documents Required for Self Employed:

 

  • Latest ITR
  • Latest Electricity Bill
  • Partnership Deed (If Partnership Firm)
  • Memorandum of Association, Article of Association & Certificate of Incorporation (If Private Ltd/ Public Ltd Co)