There are some terms and conditions which these customers have to abide by in order for smooth zero credit car loans sanction. They are as follows: - The first step is to open up a bank savings account. Doing so, they will get a bank statement slip which would be needed at the time of documentation. The second step is the most crucial part.
They would have to conjure a substantial amount of money for the down-payment. Experts say that the smart thing for all customers to do is pay off about 15-20% of the cost of the vehicle as this will enable them some amount of comforts in the times ahead. The third step is the stage of documentation. One has to accumulate all their important documents such as electricity bill, telephone bills, opening bank statement slip, salary sheet (if any), residential address, and etc. and present at the time of documentation.
Then is the stage of signing up the forms. Make it a point to take a cosigner along and if possible also make that person sign along. And off-course the last and obvious stage is to clear off the loan ahead of schedule. These are some of the simple conditions which apply for the customers.