Loan Application Form
Required Documents
For Salaried Individuals
- Identity Proof (Aadhaar, PAN, Passport, Voter ID)
- Address Proof (Utility bill, Rental agreement, Aadhaar)
- Latest 3 months salary slips
- Form 16 or last 2 years IT returns
- Bank statements (last 6 months)
- Employment certificate
For Self-Employed Professionals
- Identity and Address Proof (same as above)
- Last 3 years IT returns with computation of income
- Profit & Loss statement and Balance Sheet
- Bank statements (last 12 months)
- Business license or registration proof
- Property documents (for secured loans)
- Business address proof
Things to Know
Processing Fees
0.5-2% of loan amount + GST (varies by bank)
Some banks offer zero processing fee during promotional periods
Prepayment Penalty
0-2% of outstanding amount (varies by loan type)
Floating rate loans usually have no prepayment penalty
Loan Tenure
Up to 30 years for home loans, 7 years for personal loans
Longer tenures reduce EMI but increase total interest
Interest Rates
Rates start from 8.40% for home loans, 10.50% for personal loans
Your credit score significantly impacts your interest rate