Documents for Loan

As a result, the specific documents needed for loans are based on who issued them, whether they were traditional or installment loan types and your personal situation.

Personal Loan

1. Identity Proof:We can include passport, driver’s license, Aadhar card and voter ID; etc
2. Address Proof:Various kinds of utility bills, rent contract forms along with passports and Aadhar cards as also voter identification documents etc.
3. Income Proof: Salary slips, banks statements and passes for income tax returns, 2 years Form 16 etc
4. Employment Proof: Employment letter , Appointment letter
5. Bank Statements: Basically, the latter 6 or at least 12 months bank statements.
6. Photographs: Passport-sized photographs.

Business Loan

1. Business Registration Documents: Articles of incorporation, partnership deed memorandum  , proprietorship, Private Ltd,
2. Business Address Proof: Above, consider the utility bills together with a rental agreement and property documents.
3. Financial Statements: With profit and loss statement, balance sheet, return filed among others determines the possibility of 2 Years
4. Business Plan: In depth business plan including specified goals, strategies and financial projections etc.
5. Bank Statements: Financial records of both the business as well personal bank statements for a period spanning between 6 months -1 year.
6. Income Tax Returns: Tax reporting returns for business and personal.

Home Loan

1. Identity and Address Proof: We can include passport, driver’s license, Aadhar card and voter ID; etc, Various kinds of utility bills, rent contract forms along with passports and Aadhar cards as also voter identification documents etc.
2. Property Documents: Sale deed, title deed, mother deeds and other documentation dated two years back for property tax receipts.
3. Proof of Income: Salary bills, form 16; 6 to 12 months bank statements etc.
4. Employment Proof: Employment letter, appointment letter.
5. Legal scrutiny and Property  valuation report : The reports will be issued by certified Advocates & Engineer.
6. Sanction letter from builder or Real estate development Authority: If applicable.

CAR LOAN

1. Identity and Address Proof :We can include passport, driver’s license, Aadhar card and voter ID; etc, Various kinds of utility bills, rent contract forms along with passports and Aadhar cards as also voter identification documents etc.
2. Income Proof: But it should be the salary slips, Form 16 and bank statements from last six month to one year.
3. Employment Proof: Employment letter, appointment letter.
4. Vehicle Documents: Vehicle Registration Certificate, Insurance documents together with other documentations.
5. Quotation from the Dealer: It can get quite confusing when the loan is meant for a particular purchase of vehicle.

Bank Overdraft

1. Identity and Address Proof: We can include passport, driver’s license, Aadhar card and voter ID; etc, Various kinds of utility bills, rent contract forms along with passports and Aadhar cards as also voter identification documents etc.
2. Income Proof:  Salary evidences such as pay slips, bank passbooks and income tax returns.
3. Business Registration Documents: Relevant business registration documents for the overdrafts served to businesses.
4. Bank Statements:  Business and personal bank statements dating back for the past six to one year.
5. Financial Statements: First, the specific lender should be consulted to clarify exactly what they would require for documentation because these can differ. Furthermore, some of the lenders have application process online that may need transmitting documents electronically.