What is vehicle Loan?
Ever wanted to buy the car you saw your friend driving or saw it parked near youroffice. If that is the case and you are in need of money, then there is vehicle loanto look forward to. Vehicle loan is the amount you need to pay to the lender afterthe lender pays the full amount for the car . Vehicle loans are usually securedloans and collateral involved is the car. If you are unable to lay the debt in time,then we are entitled to the possession of the car. Non secured vehicle loans arealso available but for that to take place, you need to have a very high credit score. Usually unsecured loan are not available for vehicle loans as the vehicle involvedis always there to be used as collateral.
Make that dream of owning your own car a reality with the Capital Trade Vehicle Loan. Find out about the New Car Loan eligibility criteria and documents required at the time of applying for the New Car Loan below.
CAR LOAN Eligibility CRITERIA OF CAPITAL TRADE (Salaried Person)
CAR LOAN Eligibility CRITERIA OF CAPITAL TRADE (Self-employed Person)
Documents Required for Capital Trade Car Loan
| Identity Proof | Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker's sign verification |
| Age Proof | PAN / Driving Licence/ Passport/ Birth Certificate. |
|---|---|
| Address Proof | Passport/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) |
| Income Proof for Salaried Person | Latest 3 Salary Slips & Latest Form 16 |
| Income Proof for Self-employed Person | Latest ITR |
| Banking History | Bank statements of latest 2 months/ 3 months bank passbook. |