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Documents
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Salaried
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Self Employed Professional
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| Require cross sign on a photo of Applicant with Application form |
✔ |
✔ |
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| Identity and age proof- Require Voter ID/DL/Aadhar card/PAN Card/ Passport |
✔ |
✔ |
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| For Address Proof– Utility Bill/ Bank Passbook/Voter ID |
✔ |
✔ |
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| Require latest bank statements of 1 year |
✔ |
✔ |
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| Require salary slip of latest three months |
✔ |
✔ |
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| Form 16 / Last 3 years ITR |
✔ |
✔ |
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(In case if turnover is more than 1 Core)
Requires last 3 years CA Certified audit report, P & L account, balance sheet |
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✔ |
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| Require GST registration certificate |
✔ |
✔ |
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| Running Loans sanction letter/repayment schedule/SOA |
✔ |
✔ |
* T&C applied and these terms vary from time to time
The documentation required for a personal loan:
– Identity and address proof
– Income proof
– A completely filled & signed application form with a photograph.
– Processing Fee cheque.
A number of factors are there which affects the documentation required for personal loans such as borrower’s profession, income, and loan requirement.
There are two categories of individuals for documentation required in order to lend personal loans which are salaried and self-employed professionals.
Documents required for Salaried Individuals
– Identity Proof (Aadhar Card/Passport/Voter ID/Driving License/Ration card/Bank Passbook/Employee ID).
– Address Proof (Ration card/passport/rental agreement/telephone bill/electricity bill/Voter’s ID/Ration Card/LIC policy receipt).
– Bank Statement of the last 3 months
– Recent Salary Slip/Current salary certificate
– Latest and updated Form 16.
– Credit card history.
– Proof of income depending on the type of employment (Payslip/Passbook/Bank Statements/Increment letter/Certified letter from employer
– Tax Paid (IT Returns/Form 16)
– Proof of job (Current job appointment letter/certificate)
– Passport size colored photograph
– Investment proof (If any).
Documents required for self-employed individuals and working professionals.
– PAN Card (For company/firm/individual)
– Identity proof (Passport/Aadhar Card/Voter’s ID card/Driving License/Pan Card)
– Address proof: Aadhar Card/Passport/Driving License/Voter ID-Card
– Last 1 years’ bank statement
– Latest ITR along with computation of income, recent Balance sheet along with Profit and Loss a/c (CA Certifies/Audited) for the last 2 years
– Proof of continuation.
– Residence Ownership proof (electricity bill/maintenance bill/property documents).
– Office address and ownership proof(Property documents/electricity bill/maintenance bill)
– Proof of business existence (sales deed/agreement/saral copy/copy of tax registration/company registration license)
– Proof of income (last 2 years income tax returns/ audit balance sheet)
– Passport size colored photograph
– Investment proof (if any)
– Professional Degree Certificate (In case of professionals)
