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  #2  
January 25th, 2016, 08:19 AM
Super Moderator
 
Join Date: Mar 2012
Re: Car Loan By Corporation Bank

As you want to info about on require document for Corporation Bank Car loan, so here I am telling about it:

Corporation Bank is a public sector banking company headquartered in Mangalore, India:

Document for an Corporation Bank Car Loan
1. Signed application form with photograph
2. Photo ID and age proof
3. Residence proof
4. Last 6 months bank statement
5. Documentation for salaried applicants:
Last 3 months salary – slips
Form 16 or Income Tax Returns
6. Documentation for self-employed applicants:

Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


Features New Car Loan Scheme Used Car Loan Scheme

Interest Rates 10.65% Floating Not Available
Maximum Loan Amount Eligibility 90.00% of ex-showroom price Not Available
Maximum Loan Tenure (years) 7 years Not Available
Lowest EMI per Rs. One Lakh Loan Amount (Rs.) Rs. 1694 Not Available
Processing Fee 1.00% Min Rs. 1000 Max Rs. 0
Prepayment Charges Nil Not Available
Interest Calculation Monthly reducing balance Not Available
Age (years) Between 21 years and 65 years
Minimum Net Annual Income (Rs. lakh)
--Salaried 1.2 0.0
--Self employed professionals 1.2 0.0
--Self employed businessmen 1.2 0.0

Eligibility
Individuals [Professionals/Businessmen/ Salaried class and others] NRIs, Sole Proprietorships, Partnership Firms, HUFs, Companies, Trusts/ Institutions are eligible.


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