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What Documents Are Required For a Pre-Approved Car Loan In India

To obtain a pre-approved car loan in India, the required documents typically include:

  1. Identity Proof: Aadhaar card, PAN card, Driving Licence, Passport, Voter ID.

  2. Address Proof: Aadhaar card, Passport, Driving Licence, Voter ID, Family card (ration card), Utility bill (Electricity, water, or telephone), Life insurance policy.

  3. Age Proof: Birth certificate, School transfer certificate, Std. 10th mark sheet, Aadhaar card.

  4. Proof Of Income for Car Loan: Salary slips (for last 3 months), Form 16, Income tax return document.

  5. Bank Statement: 3 to 6 months bank statement for verification.

  6. Vehicle Loan Agreement: Reflects the dealer quoted price for the selected car, determining the loan amount based on the car's price.

These documents are essential for demonstrating your creditworthiness and financial stability to the lender when applying for a pre-approved car loan in India.

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