Bank Audit Checklist for Vehicle Loan

Checklist for Bank Audit ~ Vehicle Loan

1.  Borrower & Guarantors’ profile with Photographs, ID & Address proof copy.
2.  PAN Card copy of borrower & guarantor.
3.  CIBIL of borrower & guarantor.
4.  Documents should be self attested & verified with original.
5.  3 years ITR of borrower & guarantor.
6.  Salary slips of borrower & guarantor.
7.  Original Invoices.
8.  Copy of RC
9.  Insurance policy of vehicle with bank clause.
10. Hypothecation agreement.
11. DPN
10. Vehicle should be inspected once in 12 month.
11. Check processing charges are taken.
12. Appropriate ROI has been stipulated.
13. In case of second hand vehicles, valuation certificate from reputed automobile
      engineer in prescribed format.

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