Used Car Loan

Car Loan Documentation Checklist

Applying for a car loan? Ensure you have the necessary documents ready for a smooth approval process.

Mandatory Documents

✅ Two Passport-Sized Photographs

Proof of Identity (Submit Any One)

• Voter ID Card
• PAN Card
• Aadhaar Card
• Driving License
• Employee ID (Issued by Current Employer)
• Passport

Proof of Residence (Submit Any One)

• Electricity Bill
• Voter ID Card
• Landline Telephone Bill
• Aadhaar Card
• Driving License
• Employee ID (Issued by Current Employer)
• Passport

For Salaried Individuals

• Latest 3 months’ salary slips (Original/Certified Copy)
• IT Returns of the last 2 years (Acknowledged by IT Dept.) OR Form 16 from Employer
• Employer’s Undertaking for EMI Remittance (if applicable)
• Last 6 months’ bank statement of your salaried account (if with another bank)

For Self-Employed / Business Owners / Professionals

• Latest 3 years’ IT Returns (2 years for professionals), including:
  
  • Income Computation
  • Profit & Loss Account
  • Balance Sheet
  • Audit Report (if applicable)
• Shop Establishment Act Certificate
• Tax Registration Certificate
• Business/Company Registration License
• Last 1 year’s bank statement

Additional Documents

Other documents may be required based on the specific loan scheme. Ensure to check with the lender for any further requirements.

📌 Tip: Having all documents ready can speed up the loan approval process! 🚗