Car Loan Application Form (Page 2 of 2) in pdf

Car Loan Application Form Page 2

FOR EDG INTERNAL USE ONLY

Approval Documentation

Checklist of Documents Submitted with Application

1. Car Loan Application _____

2. Car Loan Application Fee (payment receipt) _____

3. *Applicant’s (2) Forms of I.D. One of them must show status _____

4. Applicant’s (2) Pay Stubs _____

5. Co-Signer Documents (for applicants requesting more than $8,000, with less than

20% down payment) _____

More Forms Collected Internally for Loan Decision

6. Applicant’s Credit Report _____

7. Credit Evaluation Form _____

8. Interest Matrix Form _____

9. Debt Ratio Form (less than 50%) _____

Loan Amount Approved: $_________________ Term: ______ Interest: ______%

Loan Officer Approval: __________________________ Date: ______________

*Example: I-94, Green Card, Birth Certificate or US Pass Port

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FOR EDG INTERNAL USE ONLY

Approval Documentation

Checklist of Documents Collected for Disbursement

10. Review Documents Collected for Approval (#1-9) _____

11. Purchase Order Showing Required Down Payment Amount (From Dealer) _____

12. Vehicle Appraisal Value (KBB, From Dealer) _____

13. Vehicle Mechanical Check (Form Available) _____

14. Vehicle CarFax Report (From Dealer) _____

15. Full-coverage Insurance Documentation (EDG Must be Listed as Loss Payee or

Lien Holder) _____

16. Closing Cost (Payment Receipt) _____

17. Guarantee of Lien Perfection Form (Form Available) _____

18. Car Key ____

19. Electronic Funds Transfer Form With Void Check (Form Available) _____

20. Signed & Notarized Loan Agreement (Provided by Loan Officer) _____

21. Amortization Payment Schedule (Loan Officer Submits This) _____

Portfolio Manager’s Initials: ______ Date: ________________

Car Loan Application Form Page 2