Personal Loan

Salaried Individuals (Includes salaried Doctors, CAs, employees of select Public/Private Limited Companies, and Government/Public Sector Undertakings)

Eligibility Criteria

• Age: 21 to 60 years (up to 65 for Government employees)
• Employment: Minimum 1 year in current employment
• Minimum Net Monthly Income:
  • ₹20,000 for metro cities (Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune)
  • ₹15,000 for all other locations

Personal Loan for Self employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries.

Eligibility Criteria

• Age: 22 to 65 years
• Business Vintage: Minimum 3 years
• Minimum Annual Income: ₹1,00,000 (metro), ₹75,000 (non-metro)
• Profitability: Business must be profitable for the last 2 financial years

Personal Loan for Self employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria

• Age: 22 to 65 years
• Business Vintage: Minimum 4 years with at least 2 years in current business
• Minimum Annual Income: ₹1,00,000 (metro), ₹75,000 (non-metro)

Self-employed (Pvt. Co. and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Eligibility Criteria

• Age: 22 to 65 years
• Business Vintage: Minimum 4 years with at least 2 years in current business
• Minimum Annual Income: ₹1,00,000 (metro), ₹75,000 (non-metro)
• Profitability: Business must be profitable for the last 2 financial years

You can also use personal loan eligibility calculator available online for free.

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Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings:

Documents required:

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License and PAN Card of all Partners / Directors / each authorized signatory / Aadhar Card or Proof of possession of Aadhaar number (on Voluntary basis) / Photo / Utility Bill. Anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement /Letter of allotment of accommodation from employer / leave and license agreements with employers allotting official accommodation.
• Proof of Date of Birth: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth
• Bank Statements: Latest statements / Bank passbook (updated within 90 days)
• Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter

Self-employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries.

Documents required:

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card/Aadhar Card or Proof of possession of Aadhaar number(on Voluntary basis) Photo/Driving License/ Voter ID/ Utility Bill. Anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water / Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation
• Date of Birth Proof: Driving License / Pan Card* / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
• Bank Statements: Latest statements / Bank passbook (updated within 90 days)
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Documents required:

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card of the Proprietorship Firm and Proprietor/Aadhar Card or Proof of possession of Aadhaar number(on Voluntary basis) /Photo/Driving License/ Voter ID/ Utility Bill. Anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill/Registered Rental Agreement Letter of allotment of accommodation from employer/ Leave and license agreements with employers allotting official accommodation/Registration Certificate
• Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
• Bank Statements: Latest statements / Bank passbook (updated within 90 days)
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
• Proof of continuation: Trade license /Establishment /Sales Tax certificate
• Other Mandatory Documents: For the Proprietorship Concern any two of the following documents should be obtained(Registration certificate, Certificate/license issued by the municipal authorities under Shop and Establishment Act, Sales and income tax returns, CST/ VAT/ GST certificate (provisional/final), Certificate/ registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities, IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ License/ certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute, Complete Income Tax Return (not just the acknowledgment) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/ acknowledged by the Income Tax authorities, Utility bills such as electricity, water, and landline telephone bills).

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Documents required:

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License and PAN Card* of all Partners /Directors/ each authorized signatory /Aadhar Card or Proof of possession of Aadhaar number(on Voluntary basis)  / Photo/Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
• Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth.
• Pan Card of the Partnership Firm or Private Ltd Company. (Mandatory)
• Registration Certificate for Partnership firm.
• Bank Statements: Latest statements / Bank passbook (updated within 90 days).
• Power of Attorney granted to a partner, managers, officers or an employee of the firm or a company to transact business on its behalf.
• The complete Income Tax return (not just the acknowledgment) in the name of the Partnership Firm where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax Authorities.
• Proof of continuation: Trade license / Establishment / Sales Tax certificate / SSI Registration
• Other Mandatory Documents: Sole Prop. Decl. Or Cert. Copy of Partnership Deed (to be verified against original), Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).

For Pvt Ltd. Companies. – Following required additional

• 1 a) Certified Copy of Certificate of Incorporation and an updated Memorandum and Articles of Association (certified either by Company Secretary / Director);
• Certified Copy of Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account duly signed by two directors or a company secretary;
• Form 32 / DIR 12 duly filed with Registrar of Companies - Only in cases where the list of directors are not original subscribers to MOA & AOA, and
• Certified copy of the Form 18 / INC 22 filed with Registrar of Companies.- Only in cases where the address is different from document listed in 1 a)