Commercial auto loan Documentation

• Duly filled application form 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/ product product product Sales taxation Certificate (Any one)
• Signature verification proof-Driving License/PAN Card/Registered Sale Deed/Govt. ID Card (For Govt. Workers) (anyone)

Income proof

• Last three months Salary Slips
• Latest half a year bank declaration
• Form No. 16
• Updated ITR for final 24 months
• Photocopy of official ID

Experience proof

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• Legitimate documents to show experience that is relevantin the event of first-time purchasers)

Other Documents (As relevant)

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

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