A Car Loan is a way for you to purchase a new or used vehicle. You borrow money from a lender and pay back over time, usually with interest. The amount you borrow is called the loan principal. The loan procedure has been greatly customized in order to make car loan look as attractive as the car. The documentation and approval process takes less than a day and in some cases on-the-spot approval is also possible.
In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.
List of documents for Car Loan:
| Old Car Loan | New Car Loan |
|---|---|
| Aadhar card | Aadhar card |
| PAN card | PAN card |
| Passport size photo | Passport size photo |
| 6 month bank statement | 6 month bank statement |
| Salary slip 3 month | Salary slip 3 month |
| Businessman ITR 2 year | Businessman ITR 2 year |
| Address proof | Address proof |
| Car RC | Car quotation |
| Insurance | — |
| Mobile number | Mobile number |
| Mail ID | Mail ID |
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Call us: +91-9935356667
Email: saikripaassociateslko@gmail.com
You can also send us an email and we'll get in touch shortly, or Help Line Number
