Reply to Query asked by Pratyusha on 24-05-2012
How to get car loan??? Please Help.
Asked by Pratyusha on 24-05-2012
Dear Pratyusha, Getting a car loan is like applying for any other loan. You should start the process by collecting the requisite documents, and contacting a number of different loan providers to get a quote. The documents you will require to apply for a loan include identification proof (Passport, Driver's License, Birth Certificate), address proof (Electricity and telephone bill, Passport) and income details, including PAN details, salary slips if you're employed and bank statements. Once you get the competing quotes, you can then ask the agents to get you the best rate. Bargain hard and you might be able to secure a waiver on the processing fees.
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