Looking to avail of a loan against your car? You can avail of a loan against your car upto 50% of the original loan value of the car. When applying for a loan against car, keep these documents handy:
- Age proof
- ID proof
- Application form
- Photograph
- Residence proof
The below documents are required Post-sanction / Pre-disbursement of the loan against car:
- Loan Agreement duly signed along with RTO set
- Standing Instructions (SI) Request / ECS Form/Post Date Cheques (PDCs) – Security Cheques are required for SI and ECS