Necessary Documents for Used Car Loan

Used Car Loan Documents for Salaried Individuals

Here’s an easy list for you:

Pre Owned Car Loan Documents for a Non-Salaried Individuals

Here’s an easy list for you:

Second Hand Car Loan Documents for Self-Employed Individuals

Whether you’re self-employed in a partnership or otherwise, here’s a breakdown of the documents you require for a used car loan

Self-Employed (Partnership)

Self-Employed (Others)

Frequently asked questions

What is the procedure for used car loan?
To apply for a used car loan with Piramal Finance, you just need to choose the used car loan option and click on “Apply Now” on their website. Then, you share some basic details and your mobile number. After that, someone from Piramal Finance will get in touch with you to help you through the rest of the process. It is designed to be quick and simple with minimal paperwork and mostly online steps.
Can I get a used car loan without income proof?
Usually, no. Piramal Finance needs proof of your income to make sure you can repay the loan. This could be salary slips, bank statements, or tax returns. Whether you are salaried or self-employed, you will need to provide some income documents.
Is a salary slip needed for a second-hand car loan?
Yes, if you are a salaried person, you will need to submit your salary slip as proof of income along with your bank statements and tax documents. If you are self-employed, you will need to provide other documents like audited financials, tax returns, and bank statements instead.

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