Documentation and other formalities for Personal Loan
Document Required for applying for Personal loan
- Passport size photograph.
- Filled application form dully signed
- Latest 3 months salary slips (indicating break up of gross salary i.e basic pay house rent and net salary after deductions)
- 6 months Bank statement reflecting salary credits updated within last 15 days
- Identity Proof (Any one): Pan Card, passport, driving license or voter's ID card, employee identity card as identity proof and signature proof incase of government employees.
- Address Proof( Any one) : Passport, driving license, ration card, voter's ID card, bank statement, rent agreement telephone bill, electricity or water bill
- Loan schedules and bank statement showing EMI debits (if any loan is running)
Loan Details
- Rate of Interest differs according to the profile of the customer i.e company name, salary
- Loan amount varies from 50,000 to 25,00,000
- Processing fees is the charges which bank incur while processing of loan application. It's between 1% - 4% of the loan amount
- Personal loan has a specific repayment schedule from 1 year to 5 years
- Equated monthly Installment (EMI) comprise of Principal and Interest it is a fixed payment owed each month to repay the loan
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment