Documents Required for Used Car Loan

Your KYC and income papers, the car’s papers, and the seller’s transfer documents.

Updated 27 September 2026 · 8 lenders tracked

Lowest used car loan rate

9.45%

PNB Used Car Loan

What you need to know

A used car loan needs three sets of papers: yours (KYC and income), the car’s (RC, insurance, PUC, valuation) and the seller’s (transfer forms and, if the car was financed, the old lender’s NOC).

Your documents

PAN card
Aadhaar / passport / voter ID / driving licence for identity and address
Salaried: last 3 months’ salary slips, Form 16, 6 months’ bank statements
Self-employed: last 2 years’ ITR with computation, balance sheet and P&L, business proof
Photographs; co-applicant’s KYC and income proof if any

Car documents

Registration certificate (RC) — original shown for verification
Valid insurance policy
Pollution Under Control (PUC) certificate
Lender’s valuation / inspection report
Sale agreement, or dealer invoice for certified pre-owned cars

Seller & RTO documents

Form	Purpose	Signed by
Form 29	Notice of transfer of ownership	Seller (and buyer); usually 2 copies
Form 30	Application for transfer of ownership	Seller and buyer
Form 35	Notice of termination of hypothecation	Seller and old financier, with the financier’s NOC
Form 34	Application to record a hypothecation agreement	Buyer and new lender
Form 28	NOC from the original RTO	Needed when the car moves to another state
Other	Original RC, valid insurance, PUC, address proof, PAN / Form 60	Buyer

Apply online on Parivahan (Vahan “Vehicle related services”), pay the state fee, upload documents and book the RTO visit if verification is needed.
Report the transfer within 14 days of sale in the same state, or 45 days if the car moves to another state.
Your lender will insist on Form 34 so the new RC shows “Hypothecated to” your lender.

Frequently asked questions

Do I need the seller’s documents?

Yes — the seller’s KYC and signed Forms 29 and 30 for the RC transfer, and if the car had a loan, the financier’s NOC and Form 35.

For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.