Car Loan Eligibility:
Self employed individual
Self employed professional like doctor, lawyer, etc.
Aged above 18 years
Have a good CIBIL credit score
Good repayment capacity with fixed & stable income source
Work for a stable company
How is your car loan eligibility determined?
Based on the following aspects financial institutes will determine your loan eligibility:
Fill the form above to check your actual car loan amount eligibility.
Car Loan documentation: Car loan documentation process is minimal and generally banks require the following document:
Identity proof namely a copy of the passport or PAN card or Voter’s Id or driving license.
Income Proof in the form of usually the latest salary slip with the latest income tax forms (Form 16 in the case of the salaried individual, ITR form in the case of a self employed individual).
Residence Proof in the form of a Ration card or Driving license or Voter’s ID or Passport copy or telephone bill or electricity bill or life insurance policy or PAN card.
A copy of the bank statements pertaining to the most recent and relevant time frame.
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