Documents required for a Car Loan

Buying a car is no longer a far fetched dream for people, as the car loan process has become way too smoother and simple. The only thing required while taking a car loan is a good credit history. Your credit score and banking history are the major factors to decide the interest rate that you will be charged in addition to the company & car specific schemes.

List of Documents required for a Car Loan

Following documents are compulsorily required for a car/vehicle loan –

1. Proof of Age
2. Id Proof
3. Proof of Residence
4. Duly Filled Application Form
5. Bank Statement(at least 6 months)
6. Income Proof(Depends on your occupation)
7. Signature Verification Proof
8. Temporary or proforma invoice of car

Specific Documents Required based on your Occupation

In addition to the documents mentioned above following need to be furnished based on your occupation –

Documents accepted as Proof of Age

1. Aadhaar Card
2. Passport
3. Birth Certificate
4. 10^th Class Marksheet
5. Bank Statement/Passbook
6. Driving License

Documents accepted as Proof of Address

• Ration Card
• Voter ID/EPIC
• LIC Policy
• Telephone Bill, Electricity Bill, Water Bill etc.
• Passport
• Bank Passbook/Statement

Documents Accepted as Proof of Identity

• Passport
• Aadhaar Card
• Voter ID/EPIC(Electoral Photo Identity Card)
• Driving License

Managing all these documents could be a big hassle. With Sorted AI, you can keep your documents safely stored and easily accessible at all times.

Bank Sites to check eligibility & documents required for a Car Loan

HDFC Bank – Flexible Repayment, Zero Foreclosure, Top up Loans

https://www.hdfcbank.com/personal/borrow/popular-loans/new-car-loan/documentation

ICICI Bank – Documents required for Loan, How to Apply

https://www.icicibank.com/Personal-Banking/loans/car-loan/documentation.page

Kotak Bank – How to Apply for Car Loan, Eligibility, Fees & Charges

https://www.kotak.com/en/personal-banking/loans/car-loan/required-documents.html

Axis Bank – Documents Required for Car Loan, EMI Calculater

https://www.axisbank.com/retail/loans/car-loan/new-car-loan/documents

SBI – How to Apply, Documents Required, Eligibility for Home Loan

https://sbi.co.in/web/personal-banking/loans/auto-loans/sbi-new-car-loan-scheme

Tata Capital – Car Loan EMI Calculator, Documentation

https://www.tatacapital.com/vehicle-loan/used-car-loan/eligibility-and-documents.html

Yes Bank – Documentation to Apply for Car Loan

https://www.yesbank.in/money-matters/car-loan-documentation-process

Federal Bank – Features & Benefits of Car Loan, Repayment Options

https://www.federalbank.co.in/personal-car-loan

Managing all these documents could be a big hassle. With Sorted AI, you can keep your documents safely stored and easily accessible at all times.