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Private Vehicle Loan

Owning your dream car was never so easy. Be it a new pre-owned car, new car or loan against your private vehicle, we at SAFL aim to deliver flexible, transparent & cost-effective loans that comes at an unmatched turnaround time.

commercial-vehicle-loan

Features

Finance on new and used vehicles

Personalized and prompt service

Transparent process with no hidden charges

Simple documentation

Loan approval on non-income proof also

Loan Tenure of upto 5 years

Speedy approval & disbursement

Attractive schemes to suit your needs


Eligibility

  • Age between 18 years to 65 years
  • KYC of Borrower, Co-Borrower/ Guarantor
  • Stable Income Source

Documentation

These are the basic documentation required. It may vary from case to case. In addition we also take Co-Borrower/ Guarantor who takes the responsibility incase the borrower fails to repay his/ her EMIs.


Borrower


ID Proof

  • Passport
  • Voter ID
  • Driving License
  • Pan Card
  • Aadhar Card
  • Ration Card


Address Proof

  • Latest electricity bill
  • Water bill
  • Telephone bill
  • Bank statement
  • Jamabandhi
  • Rent agreement
  • Address Affidavit


Vehicle Documents

  • Vehicle Registration certificate
  • Insurance
  • Fitness
  • NOC (incase of refinance)


Other Documents

  • 5 Post Dated Cheques (if payment mode is by cash)
  • 2 photos
  • Bank Statement or Pass book of payee (latest entry)


Co-Borrower/Guarantor


ID Proof

  • Passport
  • Voter ID
  • Driving License
  • Pan Card
  • Aadhar Card
  • Ration Card


Address Proof

  • Latest electricity bill
  • Water bill
  • Telephone bill
  • Bank statement
  • Jamabandhi
  • Rent agreement
  • Address Affidavit


Vehicle Documents

  • Vehicle Registration certificate


Other Documents

  • 2 passport size photographs

Proof of Income for:- Salaried

  • Latest 2 months Salary slip
  • Last 6 months bank account statement
  • Income Tax Return (if available)

Proof of Income for:- Self Employed

  • Last 6 months bank account statement (Individual & company's)
  • Income Tax Return (if available)
  • Photo of Business Premises
  • Jamabandhi (Agriculture income)