Car Loan Documentation

Required Documents

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Documents Needed for Car Finance

General documents required for New Car Loan are as follows:

Voter's ID/Passport/Driving License/Aadhaar Card
Income Proof – Copy of last three months' bank statements, Copy of latest 2 years Income Tax Returns (ITR)/audited Balance Sheet, and Profit and Loss Statements along with last three months' Bank Statements
Copy of Salary Slips for the last three months
Proof of Residence : A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Copy of Invoice
Copy of signature along with proof

The new car loan documents required will vary depending on your employment type.

Photo identity proof : Voter's ID/Passport/Driving License/Aadhaar Card
Salary Slips: A copy of your salary slips for the last three months
Proof of Residence: A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Photo Identity Proof: Voter's ID/Passport/Driving License/Aadhaar Card
Signature Proof: A copy of your signature along with signature proof
Proof of Residence : A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Income Proof: A copy of your 2 years Income Tax Returns (ITR), audited Balance Sheet, and Profit and Loss statements, along with bank statements for the last three months

Self-employed partnership

Photo Identity Proof: Voter's ID/Passport/Driving License/Aadhaar Card
Income Proof: A copy of your three months Bank Statement is required along with Audited Balance Sheet & Profit and Loss Statement. The Accelerated Book Build should also be 0.5 times the EMI.
Business Proof: A copy of your company's registered Partnership Deed/ Certificate of Incorporation for public and private limited companies, including Memorandum and Articles of Association along with a copy of the Commencement of Business certificate.
Proof of Residence : A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Self employed others

Photo Identity Proof: Voter's ID/Passport/Driving License/Aadhaar Card
Proof of Residence : A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Income Proof: A copy of your 2 years Income Tax Return documents, audited balance sheet, Profit and Loss statement, and bank statements for the last 3 months.
Certificate of Ownership: A copy of your Registered Partnership Deed or Certificate of Incorporation of Public and Private Limited Companies, including Memorandum and Articles of Association.