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Age:

• You must be above 21 years of age at the time of the commencing of your loan, and up to 70 years or less at loan maturity


• Salaried Person - 21 years to 60 years


• Self-Employed Person - 25 years to 65 years

Income:

• Salaried Person - Minimum Rs. 10,000 per month


• Self-Employed Person - Minimum Rs. 2,00,000 per year

Employment:

• Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company


• Self-Employed Person - Minimum 3 years of Experience in the current field

Credit Score:

• A credit score of 750 is considered a good score for approval.

1. Salaried Individuals

• Form 16/ITR (Last 2-3 Years)


• Employee Identity Card


• 3 Months Salary Slip


• 12 Month Bank Account Statement


• Duration of Employment Evidence


• 12 Month Existing Loan Account Statement


• Property Documents

2. Self-Employed Individuals

• PAN


• Trade License


• Partnership Deed


• Article of Association


• Memorandum of Association


• ROC Registration Certificate


• Financial Statement Audited by CA


• Profit & Loss Account Statement


• Balance Sheet


• GST Returns


• 12 Months Bank Account Statement


• Professional Practice License for Doctors, Consultants, etc


• Registration Certificate of Establishment for Shops, Factories, and Other Establishments


• Business Address Proof

3. Documents Required from all Non-Resident Indians (NRIs) Applicants

• Income Proof Documents for NRI


• 3 Months Salary Slip


• 2-3 Years ITR


• Office/Residence Proof


• Property Documents


• 12 Month Existing Loan Account Statement


• 12 Month Bank Account Statement


• Construction Cost Estimate


• Bank Account Statement of Payment Made to Seller or Builder


• Payment Receipt of Payment Made to Seller or Builder

Age:

• You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity

Eligible Entities:

• Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors

Business experience

• Min. 1 year, business location to remain same

Annual Turnover:

• Shall be defined by the Bank/NBFC

Additional Criteria:

• Applicants must own either a residence, office, shop, or Godown

Credit Score

• 700 or above (Preferred by most private and public sector banks)

• ITR for the past 3 years


• Current Bank Account Statement for the last 12 months


• Photocopy of PAN Card


• Address Proof for Residence such as Voter Card, Passport, Aadhaar Card, Telephone Bill, Electricity Bill


• Address proof for Business such as the Telephone Bill or Electricity Bill


• Last Financial Year's provisional Financials and future year's projections


• Company's business profile on the letterhead


• 2 photographs of promoters and property owners


• Sanction letter and Repayment schedule of existing loan


• GST registration certificate and GST returns of latest 2 years


• D-Vat/Sale tax registration copy


• Udhayam Aadhaar registration certificate


• Rent agreement copy of factory and residence (if property is rented)


• Business Continuity proof of 3 years (3 years old ITR/Company registration etc)


• Company PAN Card, Certificate of Incorporation, MOA, AOA, List of Directors, and Shareholding pattern for Pvt Ltd companies


• Partnership Deed, Company pan Card for Partnership Companies