Personal loans can be a great source of cash for individuals who are in need of funds for personal reasons such as weddings, educational requirements, personal expenses, utility bills payments, etc. When Applying for a Personal Loan, customers are requested to furnish a certain set of documents. The documents required by the bank will depend upon whether the applicant is a salaried person or a self-employed individual.
Proof with photo identity
Any one of the following:
Proof of residence
Any one of the following:
Proof of ownership of residence
Any one of the following:
Proof of income
Proof of job continuity
Any one of the following:
Bank statement for the previous six months where the salary has been credited
Proof of investment (if any): such as fixed assets, shares, fixed deposit, etc.
One passport size photograph (colour)
Proof of photo identity
Any one of the following:
Proof of residence
Any one of the following:
Proof of residence ownership
Any one of the following:
Proof of office address
Any one of the following:
Proof of office ownership
Any one of the following:
Proof of business existence
Any one of the following:
Proof of income: Income tax returns for the previous two years inclusive of Computation of Income, audit report, balance sheet, profit and loss account, etc.
Bank statement: Savings and current bank statement for the past one year.
Proof of investment (if any): Investments such as fixed assets, fixed deposits, and shares.
One passport size photograph (colour).
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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