Car Loan

There are two types of auto loans: secured or unsecured. For a secured loan, the lender puts a lien on the vehicle that is being purchased. Other types of secured loans will put a lien on other collateral owned by the borrower, such as a house or another vehicle. A car loan is secured against the vehicle you intend to purchase, which means the vehicle serves as collateral for the loan. If you default on your repayments, the lender can seize the auto. The loan is paid off in fixed installments throughout the loan.

• Identity Proof - Pan Card / Aadhaar Card / Voter ID card / Driving License


• Current Address Proof - Driving license/ Passport Copy/ Latest Gas Bill/ Bank Passbook


• Income Proof - Salary Slips / ITR (If Business)


• Bank Statement - Latest 3 Months Statement

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