Essential Documents for Car Loan Application

Document Checklist for Car Loan

Having all the required documents ready can speed up your car loan approval process. Here's a comprehensive list of what you'll need.

1. Identity Proof (Any one)

• Aadhaar Card
• PAN Card
• Voter ID
• Passport
• Driving License

2. Address Proof (Any one)

• Aadhaar Card
• Passport
• Utility Bills (not older than 3 months)
• Rental Agreement
• Bank Statement with current address

3. Income Proof

For Salaried Individuals:

• Last 3 months salary slips
• Form 16 or Income Tax Returns
• Bank statements showing salary credits
• Employment certificate

For Self-Employed Individuals:

• Last 2 years Income Tax Returns
• Business registration proof
• GST returns (if applicable)
• Bank statements for 6 months

4. Banking Details

• Last 6 months bank statements
• Existing loan statements (if any)
• Credit card statements (if any)

5. Vehicle Related Documents

• Proforma invoice of the vehicle
• Insurance details
• RC copy (for used cars)
• Valuation certificate (for used cars)