It becomes embarrassing as by the time you plan to drive your new car home, you end up informing all your relatives and friends. You feel cheated and get depressed. You hoped of a quick car loan and end up with the auto loan application getting rejected.
Reasons for rejection of new Auto Loan or used Car Loan
- Wrong information filled in car loan application - Due to minor mistakes in filling the applications the car loan can be rejected.
- Incomplete documentation - All the documents such as - Pan Card, Voter ID, Salaray Certificates, etc should be attached with the application for auto loan. Any missing document can lead to auto loan rejection.
- Negative verification of Work and Home Address - Banks and NBFCs send third party to verify a car loan applicant's home and work address. In case of no one verifying these two places in favor of the auto loan applicant, the car loan gets declined.
- CIBIL Score being low - A bad credit history leads to low CIBIL Score, this in turn leads to outright rejection of the car loan.
An experienced car loan agent from Car Loan Delhi NCR helps you to fill the vehicle finance application form carefully so that there remains no pend-ency or any mistake. The documentation part is also taken care by us.
In case your CIBIL score is less still we help you to get approval of the car loan. So all you need to do is contact us to get a guaranteed car loan approval.
For guaranteed car loan call - 88000 90480 or apply for auto loan