Категории архива: Advanced Payday Loans

10 Июн

Commercial car loans are loans agreed to borrowers, usually self-employed people, trusts

Commercial auto loan Documentation

  • Duly filled application form with connected picture
  • 2 passport-size photographs
  • Cheque for processing fee

KYC papers

  • Age evidence- Aadhaar Card/PAN Card/Voter’s ID card/Driving License/Passport (Any one)
  • 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 Sales income tax Certificate (Any one)
  • Signature verification proof-Driving License/PAN Card/Registered Sale Deed/Govt. ID Card (For Govt. Workers) (anybody)

Earnings proof

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

Experience proof

  • Legitimate documents to show appropriate experience (in the event of first-time purchasers)

Other Papers (As applicable)

  • Current car ownership evidence
  • Vehicle details & valuation report
  • Insurance and RC content of automobile
  • Fleet list details (In instance of little, https://paydayloansnc.org credit moderate, and large operators/owners that are fleet
  • Trade sources (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 businesses, partnership companies, trusts & communities)
  • Loan repayment track (if any)

Eligibility Criteria for Commercial Vehicle Loan

For new vehicles that are commercial

  • Salaried borrowers must have a lot more than 24 months of work security and self-employed people must have at the very least two years of company experience.
  • Private/Limited organizations, partnership businesses, trusts, communities and associations needs to be in presence for minimal 24 months. Читать далее