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.
- The Signed application form duly filled with photograph
- ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
- Passport Size Photo
Salaried Individuals
- Last 2 years Form 16 or Income Tax Returns
- Last 3 months salary slips
- Last 6 months bank statement reflecting salary credits
- Appointment letter from the current employer
- For Professionals- Qualification Proof, Registration with Professional council etc.
- Identity Card and Business Card of the Current Employer
Self employed Individuals
- Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
- Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
- Latest 12 months bank statement- Savings Account and Current Account
- Existing Loans’ Sanction letters accompanied with repayment track
- Business profile on the letterhead of the company
Eligibility criteria for Personal Loan
- 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
Salaried Individual
- 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