Eligibility & Documents for PERSONAL Loans of Different Types
Salaried EMPLOYEE Loans
Personal Loans for Salaried class include people working in private or government enterprises – and does Salaried Doctors working in health institutions, CAs working in companies, employees of Public listed and Private limited companies , MNCs, SMEs and Government Sector employees including public sector undertakings.
ELIGIBILITY CRITERIA FOR SALARIED EMPLOYEE LOANS:
- Minimum AGE of applicant: 21 years
- Minimum employment TENURE: Minimum 1 year in employment with minimum 1 month salary credit in the current organization, with a total experience of 3+ years
- Minimum NET MONTHLY INCOME: At least INR 18,000 per month.
DOCUMENTS REQUIRED FOR SALARIED EMPLOYEE LOANS:
Your KYC Documents:
- Proof of Identity: Your Passport or Voter ID or Driving License or PAN Card or AADHAAR Card
- 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
- 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
- Bank Statements : Latest 3 Months bank statements or 6 months bank passbook
- Salary Slips: Salary payroll slips, along with latest Form 16 or ITR or your Company Offer Letter.
Self Employed PROFESSIONAL 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:
- Proof of Identity: Your Passport or Voter ID or Driving License or PAN Card or AADHAAR Card
- 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
- 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
- Bank Statements: Latest 3 Months bank statements or 6 months bank passbook
- Balance Sheets and Profit/Loss Sheets financial statements for the last 2 Years and duly certified by a Chartered Accountant.
- Latest Income Tax Returns
Self Employed OWNER Loans
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:
- Proof of Identity: Your Passport or Voter ID or Driving License or PAN Card or AADHAAR Card
- 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
- 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:
- Proof of Business Continuity: Your business Trade license or Establishment and Sales Tax certificate or SSI Registration or other government regulations
- 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
- Bank Statements: Latest 3 Months bank statements or 6 months bank passbook
- Balance Sheets and Profit/Loss Sheets financial statements for the last 3 Years and duly certified by a Chartered Accountant.
- Latest Income Tax Returns