Can I get a car loan with just a copy of my ID and no proof of income? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can I get a car loan with just a copy of my ID and no proof of income?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Yes, most banks offer a program called “no income verification”. This program requires a large down payment (usually 40% to 50% of the car price), because the bank treats the large down payment and the car itself as the security for the loan.

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