Commercial car finance Documentation

• Duly filled application with connected picture
• 2 photographs that are passport-size for processing fee

KYC papers

• Age evidence- Aadhaar Card/PAN Card/Voter’s ID card/Driving License/Passport (anybody)
• identification proof- Aadhaar Card/Voter’s ID card/Driving License/Passport (anyone)
• Residence evidence- Rental agreement/Voter’s ID Card/Passport/Ration card/Tel bill or Elec. Bill/Trade License/ Sales taxation Certificate (Any one)
• Signature verification proof-Driving License/PAN Card/Registered purchase Deed/Govt. ID Card (For Govt. Workers) (anyone)

Earnings proof

• Final a couple of months Salary Slips
• Latest half a year bank statement
• Form No. 16
• Updated ITR for final 24 months
• Photocopy of official ID

Experience proof

• Legitimate documents to show relevant experience (in case there is first-time purchasers)

Other Documents (As relevant)

• Current automobile ownership evidence
• Vehicle details & valuation report
• Insurance and RC content of vehicle
• Fleet list details (In instance of tiny, moderate, and large operators/owners that are fleet
• Trade sources (in the event of first-time purchasers, fleet operators/owners & experienced borrowers)
• home ownership evidence (in the event of farmers)
• Proprietorship decl., partnership deed, (MOA/AOA), board resolution & a couple of years audited financials (in the event of Private/Limited organizations, partnership businesses, trusts & communities)
• Loan repayment track (if any)

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