DOCUMENTATION | ||
For salaried individuals: | ||
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 | ||
For self employed: | ||
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. | ||
For partnership firms: | ||
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. | ||
For private limited company: | ||
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 | ||
For public limited company: | ||
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 | ||
ELIGIBILITY | ||
For salaried individuals: | ||
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 | ||
For self employed: | ||
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 | ||
For partnership firms: | ||
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 | ||
For private limited company: | ||
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 | ||
For public limited company: | ||
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 |
Tuesday, July 24, 2007
DOCUMENTATION
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