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DOCUMENTATION |
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For salaried individuals:
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Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence(
Laminated, Recent , Legible)
Income Proof:- Latest salary slip with form 16.
Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone
bill/ electricity bill/Life insurance policy PAN Card.
Bank Statement:- Not mandatory
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For self employed:
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Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence(
Laminated, Recent , Legible)
Income Proof:- Latest ITR
Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone
bill/ electricity bill/Life insurance policy PAN Card.
Bank Statement:- Waived for small cars, for mid - sized and premium cars if
income Is greater than Rs 1.5 lacs then bank statement requirement can be
waived.
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For partnership firms:
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Proof of Identity:- NA
Income Proof:- Audited balance sheet, Profit & loss Account for latest two
years and the latest 2 years IT returns of the company
Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act
certificate/SSI registered certificate/Sales Tax certificate
Bank Statement:- Waived for small cars, for mid - sized and premium cars if
income Is greater than Rs 1.5 lacs then bank statement requirement can be
waived.
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For private limited company:
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Proof of Identity:- NA
Income Proof:- Audited balance sheet, Profit & loss Account for latest two
years and the latest 2 years IT returns of the company
Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act
certificate/SSI registered certificate/Sales Tax certificate
Bank Statement:- NA
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For public limited company:
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Proof of Identity:- NA
Income Proof:- Audited balance sheet, Profit & loss Account for latest two
years
Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act
certificate/SSI registered certificate/Sales Tax certificate
Bank Statement:- NA
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ELIGIBILITY
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For salaried individuals:
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Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 58 years
Minimum employment: 1 year in current employment and minimum 2 years of
employment
Minimum Annual Income: Rs 100000 net annual income
Telephone: Must at residence
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For self employed:
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Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 65 years
Minimum employment: Atleast 3 years in business
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000
p a for mid-sized and premium cars
Telephone: Must at residence
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For partnership firms:
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Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a
for mid-sized and premium cars
Minimum turnover: Turnover Rs 4.5 lacs
Telephone: One phone at least at business and at residence of the loan
executing partner
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For private limited company:
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Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a
for mid-sized and premium cars
Minimum turnover: Turnover Rs 4.5 lacs
Telephone: One phone at least at business premises
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For public limited company:
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Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a
for mid-sized and premium cars
Minimum turnover: Turnover Rs 4.5 lacs
Telephone: One phone at least at business premises
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