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 upto 175% 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)