PERSONAL LOAN

Personal Loan can be used for;

• Debt consolidation

• Paying medical bills

• Medical emergencies

• Travel purposes (vacation)

• Wedding

• Education

• Home improvement

• Paying off taxes

Eligibility For Personal Loan

• The Applicant should be at least 21years of age or up to 65 years.

• The Applicant should be residing at the current place of residence for a minimum of 3 years.

• Salaried employees should have at least 3 years of work experience with the current employer.

• Self-employed applicants should be in the business for at least 3 years.

*Note: Different banks/financial institutes have different eligibility criteria.

Personal Loan for Salaried Individuals (Documents Required)

• Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.

• Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.

• Latest salary slips.

• Form-16 issued by the current employer.

• Bank statements for the last 3months (where the salary is credited)

• Proof of Job Continuity (employment certificate, certificate of experienceor appointment letter from the current employer)

• Proof of Investment (fixed assets, shares, fixed deposit)

• Photo of Applicant & Co-Applicant.

*Should have a good CIBIL score.

Personal Loan for Self-employed Professionals (Documents Required)

• Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.

• Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.

• Business and Office Proof.

• Education Credential: degrees, diplomas, certificates, etc.

• Bank statements for last year.

• lT Returns of three years preceding the one in which loan is applied for.

• Photo of Applicant & Co-Applicant.

Personal Loan for Pensioners (Documents Required)

• Proof of Identity(Passport, Pan Card) of residence Applicant & Co-Applicant.

• Proof of Age (Birth certificate, school leaving certificate) of residence Applicant & Co-Applicant.

• Proof of Address (Aadhaar card, passport) of residence Applicant & Co-Applicant

• Form-16 and IT Returns.

• Bank statements for the last 6months (where the pension is credited).

• Photocopy of pension payment order.

• Photo of Applicant & Co-Applicant.