| 22 July |
Procedure for Getting the Loan for Pre-owned Vehicles |
Getting the dream vehicle is not a difficult thing now. There are number of banks which are providing the facility of the loans so that people can achieve their automobile without any inconvenience. This criterion for getting the loan is also available for the pre-owned vehicles. People who want to buy pre-owned autos can apply for these loans by fluffing the requirements of the banks. There are certain conditions and documents that had to be fulfilled in order to get the loan for the pre-owned vehicles.
If a person wants himself to get eligible for getting the loan then he should take care of one thing that the car model which he is purchasing shouldn’t be older than 5 years which is calculated from the manufacturing date of the car. Also a list of certain documents has also been mentioned which had to be fulfilled for getting the facility of the loan.
- If the borrower has some bank account, then he had to deposit his statement for last 12 months from his bank account.
- He also needs to submit the 2 passport size photo.
- For the identification he had to provide his signature.
- He had to submit a Xerox copy of PAN card/voters ID card/ passport.
- Resident’s proof must also be given.
- Borrower can also give the salary slip in which all the deductibles are mentioned.
- In case if a person is non-salaried employee then in that case he had to provide the official address.