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  1. S Mangaraj
  2. Finance, Insurance
  3. Friday, July 05 2013
Can I take car loan without form 16. I have salary slip, appointment letter, pan card, voter ID, rent agreement, electricity bill, one year bank statement in which salary is coming . My monthly salary is Rs 43000/- . Also 2years 3 months continuing in present company, but no form 16.
Gagan Modi Accepted Answer
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Votes
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You may not be required to furnish Form 16.
To the best of my knowledge in most of the Private Banks - basis the job continuity proof established of last 2 years with same company (generally through appointment letter copy) and accompanied with Bank Statement showing Salary Credits in Account

Form 16 gets waived off by most of these banks in determining the eligibility of an Individual through Salary Credits in Account.
So - net off to our view - you are very much eligible for loan, prima facie basis the details given

You can also send your Car Loan application Online through Mycarhelpline.


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