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  1. Sukhwinder kaur
  2. Finance, Insurance
  3. Sunday, April 14 2013
Hi, i am sukhwinder, working in a private firm, earning 23,000/- per month, but salary is in cash, no bank credit of salary! But having salary slip and appointment letter, have a bank account since last 2 years, dad is a retired govt. employee, monthly pension of 17,000 rs, and house is in chandigarh, self occupied, having power of attorney on my mother's name, i want a car loan of 4,50,000/-, monthly emi approx 10,000 rs, can i avail d loan easily???? Have all other documents but not ITR of last years and Form 16
Gagan Modi Accepted Answer
Hello Sukhviner,

Couple of Queries :-

A- Is the private firm is 'proprietorship', 'partnership' or 'pvt ltd co' !
If its a Pvt Limited company - you are eligible for a loan

B - Whats the work experience with present firm and overall work experience
If its greater than 2 yrs, - you are eligible for loan

C- Which is the car you looking to buy
Generally Banks fund upto 75%/3 yrs or 70%/5 yrs on hatch,sedan cars in No Income Proof cases

With details mentioned - will suggest to apply as below
- Submit you salary slip, Appointment Letter copy with joining date
- Submit Ownership proof of house with relationship proof
- Submit appointment letter of previous company
- Rest - your KYC Documents

- Take father as co-applicant for loan
- Submit his bank statement - referring the pension
- Submit his relieving letter and other KYC documents

If the CIBIL history is not bad, and other factors holds true of Employer Type, Work Exp and LTV Funding - you are most likely eligible for the loan amount of Rs. 4.5 Lakh

  1. more than a month ago
  2. Finance, Insurance
  3. # 1
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