Vehicle Loan

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1. Loan Application Form (duly completed with photograph)
2. Identity Proof (Aadhaar Card, Voter ID, Passport, etc.)
3. Proof of Income (Salaried):

• Salary certificate from employer (showing gross & net salary) 
• Latest 3 years’ Income Tax Returns
   

4. Proof of Income (Business Concerns):

• Latest 3 years’ Income Tax Returns
• Audited Balance Sheet, Trading Account & Profit/Loss Account
   

5. Age Proof: PAN Card / Driving License
6. Quotation from Authorized Dealer
7. Any other documents required by the bank

✅ Ensure all documents are self-attested before submission.
✅ The bank may request additional documents if required for verification or processing.
✅ Carry originals for verification at the branch while submitting the application.

✅ Loan Application (already submitted at approval stage)
✅ Sanction Letter (issued by the Bank, signed by the borrower)
✅ Demand Promissory Note (D.P. Note) (signed by the borrower)
✅ Letter of Hypothecation of Vehicle (to secure the bank’s charge)
✅ Irrevocable Letter of Authority

Borrower authorizing employer to remit salary/loan installment/other dues directly to the bank.
✅ Agreement of Guarantee (signed by guarantors)
✅ Letter of Lien / Letter of Set-Off
✅ Letter of Installments
✅ 10 Post-Dated Cheques (PDCs) in favour of the bank
✅ Account Statements (last 6 months) from the borrower’s existing bank

✅ Ensure all documents are signed by the borrower and guarantors where required.
✅ Borrower should bring originals for verification during execution.
✅ Bank should retain copies in the loan file and update CBS (Core Banking System) post disbursement.