Tuesday, July 24, 2007

DOCUMENTATION

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


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