Business Finance – GCC Business Finance

Important documents while applying for a car loan!

Age Proof Age proof plays a pivotal role if you are applying for a car loan. It is the first and the foremost criteria that a bank look in a candidate, when applying for a loan. Different banks require different age limit to apply for a car loan, but for many, it usually ranges between 21-60 years.

Income Proof To apply for a car loan, all you need to do is just submit the last three month’s salary slips along with a total of what you have been paid year-to-date.

Residence Proof Almost every bank or lending institute ask you to submit the copies of your address proof so as to get a car loan. It is important for them to know or check whether the applicant owns his own home or lives in a rented property. You need to keep these documents ready before applying for a car loan.

Photographs Submitting your recent photographs are must in almost every bank. The picture should be the recent one so that you can easily be identified by the bank. You need to keep your photograph ready so as to get a car loan.

Credit History Before applying for a car loan, the banks or lenders are interested to know any other loans or financial obligations running on you. If so, how you have handled your debt payments in the past, will be the concern.

Thank you!

For any kind of loans, Contact https://www.gccbusinessfinance.com.au/