What documentation is required for healthcare professionals to apply for a used car loan?

Healthcare professionals applying for a used car loan may need to provide the following documents. Requirements can vary depending on the financial institution or Non-banking Financial Company (NBFC):

• Application Form: A completed loan application form with accurate details.
• Identity and Address Proof: Documents like an Aadhaar Card, Passport, or Voter ID for identity verification and proof of residence.
• Income Proof: Salary slips, bank statements, or income tax returns (ITR) to verify financial stability.
• Registration Certificate (RC) of the Vehicle: To validate the ownership and details of the financed used car.
• KYC Documents: For compliance purposes, you must have Know Your Customer (KYC) documents, which may include a PAN Card or other identification.
• Photographs: Passport-sized photographs as part of the documentation process.

Healthcare professionals should consult with the chosen financial institution or NBFC to confirm the specific documentation requirements and ensure all paperwork is complete before applying for the loan.

Note: The required documents for a used car loan may vary depending on the policies of financial institutions or Non-Banking Financial Companies (NBFCs). Applicants are advised to verify the exact requirements beforehand.