Looking for Car Loan... Pls help

[Sandeep]

Hi All, I am working with a Pvt. limited company for last 11 months and looking for car loan. My take home current salary is 15000/- per month with increment is due next month. Please guide me -

1- How much loan, I can get?
2- What all document, I need to submit as I don't have IT Return as I have started my career last year?

Thanks
Sandeep

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[narayan]

Sandeep - To answer your queries, I need more info from your side. Two quick questions for you -
1- What is your basic salary?
2- Are you ready to make some down payment?

[Sandeep]

Sandeep - To answer your queries, I need more info from your side. Two quick questions for you -
1- What is your basic salary?

My basic salary is 7500/- per month.

2- Are you ready to make some down payment?

I can make upto 20000/- as down payment, If there is no other option.

[CONFUSED]

It varies from bank to bank. In general, for Salaried employee - The applicant must be a permanent employee having completed 2 years of service and remaining period of service of more than 5 years. The minimum monthly take-home pay must be Rs. 7,500/- + EMI.