- Inhouse finance is only a single window service by the dealer to avoid inconvenience to customers
- The dealer cannot exert influence over loan approval or rejection. Your co-operation in this regard is highly appreciated. Finance company is the sole decision authority to approve or reject the loan.
PAPERS/ DOCUMENTS FOR ALL CUSTOMERS
- Age Proof(eg. PAN card/Voter’s ID/Passport/Driving Lic., etc.(any one))
- Address proof (eg. Latest Electricity Bill/Telephone Bill/Corporation Bill)
- Two passport size coloured photographs
- Copy of bank account statement/passbook for last 12 months duly updated
- Signature Verification
- Quotation & down payment receipt
- Latest Salary Slip for last 3 months
- Form No. 16 or Copy of IT return for last 2 financial years
- Employer’s certificate
FOR SELF EMPLOYED/ PVT LTD COMPANIES/ PARTNERSHIP FIRMS
- Form 32 in case of director’s name not mentioned on AOA & MOA
- Income Proof: Last 3 years ITR with Trading, Profit & Loss A/c., Balance Sheet duty attested by Chartered Accountant
- Authorisation & Partnership Deed: Letter of Authorisation from all partners and Parnership Deed in case of Partnership Firm
- Pvt. Ltd./ Public Ltd. : Board Resolution duly stamped and sealed, Attested copy of Memorandum & Articles of Association
Note: In case of Partnership firm / Pvt. Ltd./ Public Ltd. Co., passport size photograph, proof of age, signature verification & proof of address of the signing partner / authorized signatory is required.
- Finance at the sole discretion of the finance company. The following are the various reasons for delay / rejections”
The following are the various reasons for delay / rejections :
- Incomplete documents
- Negative FI report
- Negative profile
- Verification of outstation address
- Unhealthy previous loan repayment record
- Request for approval in case of unhealthy previous loan repayment record, credit card repayments
- Request for approval for change in tenure
- Request for approval for higher loan amount
- Mismatching of signature on documents & bank cheques
- Verification of co-applicants address
- Verification of co-applicants address & status of staying out station
- Information furnished by applicant in the forms and the information mentioned in supporting documents are different
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- State Bank of India
- State Bank of Hyderabad
- State Bank of Travancore
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- Kotak Mahindra Prime Ltd.
- Sundaram Finance Ltd.
- Mahindra & Mahindra Financial services Ltd.
- Family Credit Ltd.
- Indusland Bank Ltd.
- New Car Finance
- Used car Finance
- Refinance against lein free car