General Documents:
| Documents Required | Individual Cases | |
|---|---|---|
| Salaried | Self Employed | |
| Income Proof | Latest 2 Salary Slips & Latest Form 16 | 1. Latest ITR |
| Bank Statement | Latest 3 months Bank Statement | |
| Age Proof | PAN / Driving Licence/ Passport/ Birth Certificate | |
Accordingly, can I get car loan with 30k salary?
If you have a monthly income of Rs 30,000 and aspire to buy a car, you can get a list of models including Tata Tiago, Tata Indica eV2, Maruti Suzuki Celerio, Hyundai i10 to choose from. (In Rs.) (In Rs.) (In Rs.)
Furthermore, how many cheques are required for car loan?
Repayment in Equated instalments preferably through check-off for salaried / PDCs where check-off not available / SI / ECS with 6 undated cheques to cover the loan amount.
Is DL mandatory for car loan?
For the verification and approval of the car loan banks require certain documents. Documents like identity proof, address proof, bank statements and age proof. There is a separate list of documents for salaried and self-employed professionals. For easy loan approval, right documentation is very important in a car loan.
What car payment can I get on 15000 salary?
Salary of 15000, Am I eligible for Loan? Check here online
| Product | Salary | Min. loan amount |
|---|---|---|
| Personal Loan | 15000 | 40000 |
| Home Loan | 15000 | 300000 |
| Car Loan | 15000 | 100000 |
| Credit Card | 15000 |
What is proof of income for car loan?
Proof of income
When you’re applying for your loan, you’ll want to take copies of your pay stubs from the last month, showing the total of what you’ve been paid year to date. You may also be able to use bank statements to show proof of income — be prepared with up to six months of statements — or a W-2.
What is the age limit for car loan?
Check Eligibility Criteria for Car Loan
| Age | Minimum Age: 18 yrs. Maximum Age: 75 yrs. |
|---|---|
| Employment Type Stability | Salaried or Self-employed individual/ partnership 3 yrs. (minimum) total experience/yrs. in business/profession;2 yrs. (minimum) in current post/business/profession |
| Type of Car | New or used |
What is the eligibility for car loan?
Car Loan Eligibility
| Particulars | Details |
|---|---|
| Minimum Age of the Applicant | 18 years |
| Maximum Age of the Applicant | 60 years for salaried applicants and 65 years for self-employed applicants |
| Minimum Annual Income | Rs.3 lakh |
| Car Model | Any approved car model |
What is the procedure for car loan?
So, we have listed down 5 easy steps to get a Car Loan:
- Step 1: Shortlist a car. Do you already have a car in mind? …
- Step 2: Check eligibility. …
- Step 3: Figure out loan amount, tenure and EMI. …
- Step 4: Apply and provide documents. …
- Step 5: Book your car.