Primarily 3 sets of documents are required for Car Loan. KYC, Income & Car documents.
Document type | What are these Documents? | What are the options? |
KYC | Know Your Customer. (ID, Age, Address & Signature proof) | PAN, Passport, Ration Card, Driving License, etc. |
Income Documents | Documents that tell about your accountable Income | Pay Slip, Bank Statement, Form 16 etc. |
Car Documents | Documents that tell about your Car | Invoice, RTO Paper, Insurance etc. |
We have attempted to simplify the detailed list. We have observed that by mentioning a lengthy list of documents in Car Loans, usually the whole perspective is lost. Therefore the list provided here is a guide for documentation. The executive assigned to you will guide you with your specific loan documents.
Category | Type | Options |
KYC Documents | ID Proof | PAN, Passport, Driving License, Voter ID |
Address Proof | Passport, Ration Card, Gas Bill, Bank Statement | |
Photo | 2 Recent Passport Colour | |
Income Documents | Pay Slip | 3 Recent Months |
Bank Statement | 3 Recent Months (plus latest month update) | |
Form 16 | Recent year | |
Other Documents | Work continuity | 1 year work proof (relieving letters if needed) |
Company ID Card | Front and back | |
Car Documents | Invoice, RTO Paper, Insurance etc. |