It is a golden opportunity for the people to buy the cars they wish. The competition between the manufacturer?s outrages as the luxury car makers also stepped into small car manufacturing segment. So all the manufacturers showcase their wide range of cars at plausible price.
And moreover Auto Financing is rooting deeply to aid the car buyer. And many banks are also conducting an expo to get car loans with a tagline of cheaper interest rates. Usually a car loan means a consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay.
Here Auto financier approaches the customer with more innovative offers and provides loan of up to 90 percent of the original car value. Before that they first analyze the car model and total number of EMI required.So this strategy will make the customer to set free from dumping the whole sum in one assignment.
Initially car buyer can pay only few percent of original car value and the rest in later dues. Several schemes are introduced and based on their needs buyers can opt for them. Following are the list of schemes,
Its easier to own the car of your dreams nowadays. Many Auto financiers, Banks, engage themselves to aid the buyer to own a car at affordable interest rates. But lots of care and efforts has to be taken by both the financier and buyer to overcome any kind of malpractice.
The main emphasis is made on requirement of documents, the rate of interest of banks, Emi options, and types of loans etc. The buyer has to sign the documents after making a detailed study on the document and should verify the rate of interest and amount quoted to be correct.
Whereas the money lender i.e. either financier or banks will scrutinize the eligibility of a person applying for car loan on various parameters to offer them money.
The Address proof required is the documents collected towards identity proof to reflect the current address of the concern or firm
The Identity proof required are Partnership deed, Shop & Establishment Act certificate, Latest Sales Tax assessment order, Sale Tax registration certificate for partnership firms and Memorandum and Articles of Association for private limited companies.
The Income Tax proof required is the Audited Balance Sheet, Profit & Loss Account (latest two years) and the latest 2 years IT returns of the firm.