Some dreams are considered to be so sacred that they never come true. Owning a car which will enhance your reputation was one such dream until recent times due to the high price of any vehicle in India. But with easy EMI options and attractive interest rates, banks and NBFCs started offering car loans. These loans are specifically designed to buy a car or any other vehicle for that matter. By opting to take a car loan, now you can touch the golden dream of owning a car. Many banks and NBFCs also offer Used Car Loans. If you are interested in buying a previously used car or a second hand car, banks will help you in that aspect too.
What are the Documents Required to avail a Car Loan?
The list of documents for availing a car top up loan changes whether you’re a salaried applicant or a self-employed professional/ businessman. The process of getting a car top up loan can be made easier if you know exactly what documents you need to submit with your application. The documents are filed according to the eligibility criteria.