Documents Required

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation subject to specific requirements. Self Attested copies of Documents are solicited.

1. The Signed application form duly filled with photograph
2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
3. Passport Size Photo

Salaried Individuals

1. Last 2 years Form 16 or Income Tax Returns
2. Last 3 months salary slips
3. Last 6 months bank statement reflecting salary credits
4. Appointment letter from the current employer
5. For Professionals- Qualification Proof, Registration with Professional council etc.
6. Identity Card and Business Card of the Current Employer

Self employed Individuals

1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
3. Latest 12 months bank statement- Savings Account and Current Account
4. Existing Loans’ Sanction letters accompanied with repayment track
5. Business profile on the letterhead of the company

Eligibility criteria for Personal Loan

Salaried Individual

• Minimum Age of the applicant should be 25 years
• Maximum Age of the applicant at the time of loan maturity should be 58 years.
• The minimum employment period should be of two years with one year at the present organisation.
• Minimum Income is a net salary of Rs 20000 per month

Businessman/ Self Employed Individuals

• Minimum Age of the applicant should be 25 years
• Maximum Age of the applicant at the time of loan maturity should be 65 years.
• Minimum Business period should be five years with minimum three years in current business.
• The Minimum annual income should be Rs 3,00,000 net Profit as per latest IT Return