Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English

Planning to Buy a Car? Here’s Your Checklist to Get a Car Loan

The banks look for proof that you have a good credit score and are in a position to repay the car loan.

Anshika Bajpai |

Updated:May 13, 2019, 12:18 PM IST
facebookTwitterskypewhatsapp
Planning to Buy a Car? Here’s Your Checklist to Get a Car Loan
The banks look for proof that you have a good credit score and are in a position to repay the car loan.
Loading...

So you’ve finally set your eyes on your dream car and are ready to grab the keys and start riding it. Wait though, first of all, you need to take care of the finances. Either you can make the payment yourself or you take a car loan. Now car loan might look like it’s a complicated affair, but it's actually not.

Here is a checklist of documents required when you need to get a car loan.

● Age proof

● Identification proof

● Application form

● Passport size photograph

● Residence proof

● Income proof

● Bank statements

● Signature verification proof

● Pro-forma Invoice or Rate list

Generally, the banks look for proof that you have a good credit score and are in a position to repay the car loan. This helps in determining the rate of interest at which you will be given the loan.

Post Sanction documents

● Loan agreement signed by the Regional Transport Office

● SI request/ ECS form/ Post dated cheques

● Security cheques required for Si and ECS

● Margin money receipt

What you can use as Identity proof;

● Passport

● PAN card

● Voters ID card

● Driving license

What you can use as address proof

● Ration card

● Driving License

● Voters ID card

● Passport

● Telephone Bill

● Electricity bill

● Life Insurance policy

To know more, click here.

This content has been created in association with YONO SBI

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results