Eligibility & Documentation
Things to know before you applyEligibility
| Criteria | Salaried individuals | Professionals | Businessmen |
| Profile | Must be working for a Public Ltd co./ MNC/ large Pvt Ltd co. | Must be a Doctor (MS, MD, MBBS, BDS) , C.A., Architect, Consultant, Interior Designer | Must have clean payment track record of more than 1 year of a previous loan. |
| Age | 23 - 58 years resident Indian | 23 - 58 years resident Indian | 23 - 58 years resident Indian |
| Income | Net monthly salary of Rs. 20,000/- with no loans outstanding. | Filed IT returns of Rs.75,000/- or more for the last 2 years. | Filed IT returns of Rs.75,000/- or more for the last 2 years |
| Minimum education | Graduate | Professional degree | Graduate |
| Residence telephone | Required | Required | Required |
| Years in city | Min 1 year | Min 1 year | Min 1 year |
| Total work experience | Min 1 year | Min 5 years | Min 5 years |
Documentation
To avail a Personal Loan, you will need to provide the following documents
| Document | Salaried individuals | Professionals | Businessmen |
| Application form | Yes | Yes | Yes |
| 1 photograph | Yes | Yes | Yes |
| Identity details | Yes | Yes | Yes |
| Residence details | Yes | Yes | Yes |
| Signature verification from bank | Yes | Yes | Yes |
| Degree certificate & Certificate of practice | No | Yes | No |
| Payment track record | No* | No* | Yes |
| Income details | Latest payslip & Form 16 (Form 16 required only when applying under holiday finance) | IT Returns & Balance Sheet & P/L Account statement for the last 2 years | IT Returns & Balance Sheet & P/L Account statement for the last 2 years |
| Bank account statements | For the last 3 months | For the last 6 months | For the last 6 months |
For loans: *Conditions apply: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.