[djay99]

Hi guys,

I am planning to buy a small car and looking at Santro xing XL.
On road price is 4.06 lacs and after discounts its 3.75 lacs. I stay in bangalore and spoke to Advaith motors.
Finance from ICICI bank on reducing monthly basis:

Loan amt 3lac.

3 years 8.14% interest 9235/month EMI
4 Years 9.29% interest 7425/month EMI
5 Years 10% interest 9235/month EMI

If i opt for loan with above interest rates then on road price will be 4.06 lac and if i get loan from other banks then 3.75Lac

Above all 1.5K is processing fee and 1month advance emi has to be paid.
I have preapproved loan offer from ICICI bank and dealers said i dont need to submit salary slip and IT return cert. Just photo ID proof, 2 photos, residence proof is fine. Also loan will be processed in 2 to 3 days and i will get car on 4th day.
I dont have Form 16 as of now since this is my 1st year employment.
Is it possible to get a loan from nationalized bank with these docs:

Salary slip, last 6months bank statement indicating salary credit, photo proof, residence proof and my dad as guarantor?

Please advise.

DJ