E-Vehicle Loan - Eligibility & Documents Required
To qualify for an E-Vehicle loan from Fatafat Finance Company, applicants need to meet standard eligibility criteria, which include age, income stability, credit history, employment status, and address verification. Additionally, applicants must provide necessary documents such as identity proof, address proof, income documentation, employment details, information about the electric vehicle, and proof of insurance coverage. Specific requirements may vary depending on the loan product and the company's policies, so it's advisable to contact Fatafat Finance Company for precise details on eligibility and required documents.
E-Vehicle Loan Eligibility Criteria
| Eligibility criteria | Requirement |
|---|---|
| Loan Amount | UPTO 10L |
| Age | You must be of legal age, which is usually 18 years or older, to apply for a loan |
| Income | Required to provide proof of income through documents such as pay stubs, tax returns, or bank statements |
| Identity Proof | Photo ID, Social Security Number (SSN), Birth Certificate, Permanent Account Number (PAN) Card, Residence Permit or Visa |
| Address Proof | Need to provide proof of your current address to establish your residency. |
| Vehicle Information | Vehicle Identification Number (VIN), Vehicle Type, Mileage, Registration Information, Insurance Details, Vehicle Identification Documents |
| Employment Stability | A steady job and a reliable source of income can positively impact your loan application. |
| Other Requirements | There may be additional requirements or documentation needed to process your loan application. |
Note:The above-mentioned Personal Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing.
Required Documents for Individuals
- Pancard/Aadhar card/Photo/ID Card
- 6 months salary slips
- 12 months of banking statements from the salaried account
- 2 years Form 16
- 2 years ITR & Certificate of Incorporation
- Appointment letter/Last relieving letter
Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.