Eligibility and Documents for Personal Loans

Self Employed Professionals include self – employed Doctors, Chartered Accountants, Company Secretaries, Architects, and Business Consultants – many service professionals and software consultants too fall in the same category.

ELIGIBILITY CRITERIA FOR SELF EMPLOYED PROFESSIONAL LOANS:

• Minimum AGE of applicant: 25 years
• Minimum employment TENURE:  Minimum 3 year in business with proper certification and licences
• Minimum NET ANNUAL INCOME for the individual:   At least INR 500,000 per year.

DOCUMENTS REQUIRED FOR SELF EMPLOYED PROFESSIONAL LOANS:

Your KYC Documents:

1. Proof of Identity:  Your Passport or Voter ID or Driving License or PAN Card or AADHAAR Card
2. Proof of Address: Ration card or Driving License or Voter ID or  Utility Bill ( Water or Electricity Bills within last 3 months)  or  Registered  Rental Agreement  or  your Passport
3. Date of Birth Proof : Driving License  or  PAN Card  or  Passport  or  Birth Certificate  or  10th  or  12th mark sheet bearing date of birth or AADHAAR Card

Your INCOME Documents

1. Bank Statements:  Latest 3 Months bank statements or  6 months bank passbook
2. Balance Sheets and Profit/Loss Sheets financial statements for the last 2 Years and duly certified by a Chartered Accountant.
3. Latest Income Tax Returns

Self Employed OWNERS include business owners having proprietorship, business partnership firm, one person company or small private company in the business of Manufacturing, Trading or Services – we cater to all these Micro, Small and Medium Businesses and take special pride in arranging funds for them – they are the real employment and prosperity generators for India.

ELIGIBILITY CRITERIA FOR SELF EMPLOYED OWNERS  LOANS:

• Minimum AGE of applicant: 25 years
• Minimum Business TENURE:  Minimum 3 year in business with proper certifications and government license, and preferably experience in the same industry
• Minimum NET ANNUAL INCOME of Business:   At least INR 1 Cr per year.
• Profitability: Business must be making profit for at least last 2 years

DOCUMENTS REQUIRED FOR SELF EMPLOYED OWNERS  LOANS:

Your KYC Documents:

1. Proof of Identity:  Your Passport or Voter ID or Driving License or PAN Card or AADHAAR Card
2. Proof of Address: Ration card or Driving License or Voter ID or  Utility Bill ( Water or Electricity Bills within last 3 months)  or  Registered  Rental Agreement  or  your Passport
3. Date of Birth Proof : Driving License  or  PAN Card  or  Passport  or  Birth Certificate  or  10th  or  12th mark sheet bearing date of birth or AADHAAR Card

Your Business KYC Documents:

1. Proof of Business Continuity:  Your business Trade license or Establishment and Sales Tax certificate or SSI Registration or other government regulations
2.  Certificate for Business Entity setup: Sole Proprietorship Certificate, Or Certified Copy of Partnership Deed, or Certified true copy of Memorandum and Articles of Association certified by Director and Board resolution (Original)

INCOME Documents

1. Bank Statements:  Latest 3 Months bank statements or 6 months bank passbook
2. Balance Sheets and Profit/Loss Sheets financial statements for the last 3 Years and duly certified by a Chartered Accountant.
3. Latest Income Tax Returns