Heavy Vehicle loan is a financial assistance taken to purchase a car with minimal initial payment from your own pocket. The borrowed money from the lender can be repaid in equal monthly instalments over a period of time with an agreed rate of interest. Normally, car loans are secured with the vehicle itself that is being bought.
Documents Required for Heavy Vehicle loan:
Salaried
1 PHOTO
PAN CARD
AADHAR CARD
ELECTRICITY BILL LATEST
6 MONTHS BANK STATEMENT UP TO DATE
SALARY SLIP 3 MONTHS LATEST
2 YEARS FORM-16 LATEST
PERVIOUS LOAN DETAILS IF ANY
PREVIOUS VEHICLE RC IF ANY
IF RENTED REQUIRED RENT AGREEMENT AND PERMANENT ADDRESS PROOF
IF NEW JOB THEN TAKES APPOINTMENT LETTER AND PREVIOUS JOB RELIVING LETTER.
RC
INSURANCE
Self Employed
1 PHOTO
PAN CARD
AADHAR CARD
ELECTRICITY BILL LATEST
6 MONTHS BANK STATEMENT (CURRENT AC AND SAVING AC)
SALARY SLIP 3 MONTHS LATEST
2 YEARS ITR LATEST
PERVIOUS LOAN DETAILS IF ANY
PREVIOUS VEHICLE RC IF ANY
IF RENTED REQUIRED RENT AGREEMENT AND PERMANENT ADDRESS PROOF
IF NEW JOB THEN TAKES APPOINTMENT LETTER AND PREVIOUS JOB RELIVING LETTER.
