Documentation for Used Car Loans

You will be required to submit documents suggested by your lender to establish your eligibility and financial capability for a Used Car Loan. To ensure a smooth process and quick approval, keep the following documents ready before initiating the loan application.

List of Documents Required

• KYC Documents: Valid photo identification proofs such as Aadhaar Card, Passport, Voter ID, or Driving License.
• PAN Card: Permanent Account Number card for identity and tax verification.
• Income Proof: Last 2 years’ Income Tax Returns (ITR) as proof of income.
• Salary Proof: Salary slips for the latest 3 months.
• Bank Statement: Salary account statement for the latest 6 months.
• Signature Verification Proof: Document verifying your official signature (as per bank records).
• Registration Certificate of the Car: RC book as proof of vehicle ownership.
• Car Insurance: Valid insurance policy for the vehicle being financed.