NEWS & ADVICE : CAR LOANS
A Complete Guide on Car Loans for NRIs
By Vaibhav Aggarwal
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Documents needed for availing NRI car loans

Some general documents to be submitted:

  1. Loan application form
  2. Hypothecation agreement
  3. Guarantee agreement
  4. Power of Attorney (only if applicable)

The guarantor has to submit the following forms:

  1. Proof of identity and proof of residence
  2. A copy of passport or a valid work permit
  3. Original Salary certificate (salaried) or proof of income (self employed) 
  4. Credit report from a credit information agency in the country of residence

 The borrower has to submit the following forms:

  1. Proof of identity
  2. Proof of residence

Some banks offering NRI car loans

  • State Bank of India - NRI Car loan scheme
  • State Bank of Travancore - NRI car loan scheme
  • State bank of Hyderabad - Car Loans to NRIs scheme
  • Canara Bank - CanMobile Vehicle
  • Federal Bank - Personal Car Loan Scheme
  • Indian Overseas bank - Vehicle Loans Pushpaka

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(Comments Posted : 1) Post Your Comments
1. Greetings to you all! My name is Mr Abdul Majeed, a private and reputable loan lender. I render all kind of loan to individuals with an interest rate of 3% with a repayment length of 1 to 30 years maximum. A lot of people have benefited from my loan offer and it have change their lifestyle positively giving them the opportunity to create their own business.
I render loan such business loan, agricultural loan, education loan, house loan, automobile loan, etc. If you are in need of a loan, kindly fill the borrower form below with your valid details and reply back for more information at abdulmajeedloancompany@gmail.com

Full Name:
Country:
State:
Sex:
Age:
Home Address:
Amount Needed:
Currency Needed:
Loan Duration:
Monthly income:
Phone: Number:
Occupation:
Purpose for Loan:
Website you saw our ads:

Note: All reply should be forwarded only to abdulmajeedloancompany@gmail.com for immediate attention.
Do you need an urgent loan? (Posted: Dec 4, 2015)
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