Vehicle Loan Document Checklist - AutoEMI

Vehicle Loan Document Checklist

Complete list of required documents for vehicle loan approval from banks and NBFCs. Organized by category for easy reference. Ensure you have all these documents ready before applying for a vehicle loan.

Important Note

Document requirements may vary slightly between different banks and NBFCs. This checklist covers the common documents required by most lenders in India.

Identity & Address Proof

Mandatory

Any one document from each category is sufficient unless specified otherwise.

Identity Proof Documents

  • PAN Card (Mandatory for all)
  • Aadhaar Card
  • Passport
  • Driving License
  • Voter ID Card

Address Proof Documents

  • Aadhaar Card (if address is current)
  • Passport
  • Driving License
  • Utility Bill (Electricity/Water/Gas) - Last 2 months
  • Bank Statement with address
  • Property Tax Receipt

Income Proof Documents

Mandatory
  • Latest 3 months salary slips
  • Form 16 for last 2 years
  • Latest 6 months bank statement showing salary credits
  • Employment certificate with salary details
  • Appointment letter (if employed for less than 1 year)
  • ITR for last 3 years with computation of income
  • Profit & Loss Statement and Balance Sheet for last 3 years
  • Latest 12 months bank statement
  • Business registration certificate (if applicable)
  • Professional qualification certificate
  • Company's ITR for last 3 years
  • Audited financial statements for last 3 years
  • Business address proof
  • Partnership deed/MOA & AOA
  • Business license & GST registration

Vehicle & Financial Documents

Required

Financial Documents

  • Latest 6 months bank statements (all accounts)
  • Loan application form with photograph
  • Processing fee cheque (if applicable)

Vehicle Documents

  • Vehicle quotation from dealer
  • Proforma invoice
  • Advance payment receipt (if any)
  • Dealer KYC documents (for some lenders)

Property Documents (if applying against property)

  • Property ownership documents
  • Latest property tax receipt
  • Measurement sketch/site plan

Photographs & Signatures

Mandatory
  • 2-4 recent passport size photographs
  • Signature proof (PAN Card/Passport/Bank verification)
  • Photograph with the vehicle (for used vehicle loans)

Important Tips for Loan Approval

Increase your chances of loan approval with these tips

Document Checklist

Keep all documents organized in a folder before visiting the bank.

Credit Score

Check your CIBIL score before applying. A score above 750 increases approval chances.

Accuracy Matters

Ensure all information in your application matches your documents exactly.

Be Prompt

Submit all requested documents within the timeline provided by the bank.

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