Can I Get A Used Car Loan Without Income Proof?
No, you can’t get a Used Car Loan without income proof as we require income documentation to verify your ability to repay the loan. We want to ensure that the borrower has a stable income and will be able to repay the loan on time. Therefore, you can’t get a Used Car Loan without income proof.
To apply for a Poonawalla Fincorp’s Used Car Loan, the following income documents are required:
- Salaried Individuals: Latest salary slips
- Self-employed Individuals: Income Tax Returns for the past 2 years, GST Returns, Profit/Loss statement and Balance Sheet for the past 2 years.
- Firm/Company: Income Tax Returns along with the computation for the past 2 years, Profit/Loss statement, and Balance Sheet for the past 2 years, and GST returns.