Want car loan, but don't have a permanent address

mdsaab · 29th April 2011, 22:22

hey, glad that it got sorted out.
congratulations! wishing you many miles of joyful motoring with your new car.
i guess most companies don't want to loose business, and once they saw the pre approved sanction they better bow down or loose a chance at making a customer.
Drive Safe!

vina · 30th April 2011, 02:16

Quote:

Originally Posted by buz

Hi all: a late update - once I got back to Tata Capital armed with a pre-approved sanction from HDFC Bank on my terms, they simply followed suite

Got the delivery of the car on Monday after all the paperwork etc. got over. Will be shortly posting the initial ownership review soon. Thanks for your comments on the post.

Congratulations Buz.

Do let me know about your situation with registration process. You and I are in the same boat here - I didn't have to worry about the loan though (had the full amount saved in bank) but car registration will most likely be a headache.

buz · 1st May 2011, 23:01

Hi Vina,

For me the registration wasn't a headache as my passport (due to a quirk of fate) contained my rental accommodation address. Hence, it wasn't a problem. Otherwise I believe, one needs to have stayed for at least 6 months at the current address for a lease agreement to be admissible. Maybe an MTNL phone connection that has seasoned 3-4 months should help as well. The dealership will have the best details on this. Best of luck! Cheers.

p.s. Hey btw, I see Ghaziabad in your location details. I too have spent close to 10 years there. How were you based in good ol' Gzb?

29th April 2011, 22:22	#16
mdsaab Senior - BHPian Join Date: Jul 2008 Location: Pune Posts: 1,624 Thanked: 453 Times	Re: Want car loan, but don't have a permanent address hey, glad that it got sorted out. congratulations! wishing you many miles of joyful motoring with your new car. i guess most companies don't want to loose business, and once they saw the pre approved sanction they better bow down or loose a chance at making a customer. Drive Safe!
	() Thanks

1st May 2011, 23:01	#18
buz BHPian Join Date: Aug 2009 Location: Mumbai Posts: 97 Thanked: 18 Times	Re: Want car loan, but don't have a permanent address Hi Vina, For me the registration wasn't a headache as my passport (due to a quirk of fate) contained my rental accommodation address. Hence, it wasn't a problem. Otherwise I believe, one needs to have stayed for at least 6 months at the current address for a lease agreement to be admissible. Maybe an MTNL phone connection that has seasoned 3-4 months should help as well. The dealership will have the best details on this. Best of luck! Cheers. p.s. Hey btw, I see Ghaziabad in your location details. I too have spent close to 10 years there. How were you based in good ol' Gzb?
	() Thanks