Introduction
Finance is an essential means for the smooth functioning of our life. It is needed for a variety of reasons to fulfill our needs with the savings we do. However, sometimes our income and savings are insufficient to fulfill some of our monetary needs. At that time taking external financial support like a bank loan is the best course of action. To overcome your monetary needs, get the best loan services from the loan agency in ahmedabad.
Nowadays, banks and NBFCs offer various types of loans through a very easy application process. Your only concern should be to ensure that all the necessary documents are submitted with your loan application. A loan application procedure is incomplete without successful document verification. Documents play a key role in your loan approval so always be cautious in their submission. Although, documentation requirements change with the types of loans. So through this blog, we are sharing the list of documents required for applying for a bank loan.
List of documents you need to submit with your loan application to obtain a bank loan
(1) Documents needed for a loan against property
Documents |
For Salaried Individuals |
For Self-Employed Individuals |
Proof of Residence |
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Proof of Identity |
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Proof of Income |
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Proof of Ownership of Property |
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Proof of Investment |
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Passport size photo |
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(2) Documents required to obtain a Personal loan
Types of Documents |
List of Documents |
Proof of Identity |
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Proof of Address |
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Proof of Income |
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(3) Documents needed for Business loan
Types of Documents |
List of Documents |
Proof of Identity |
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Proof of Address |
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Proof of Income |
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Other Mandatory Documents |
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(4) Documents required for a Vehicle loan
Documents for Non-commercial vehicle loan |
Documents for Commercial vehicle loan |
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Note:- With the change of banks or NBFCs, the list of documents may increase, decrease, or change
Conclusion
A loan is an essential means of finance that can pull you out from any monetary crisis. So, before applying for any loan, take out some time and collect every information about it. It will help you make a proper loan application with all the necessary documents. As a result, you will have a much better chance of getting your loan approved.
If you are interested in obtaining a loan, then AGIL Finance is an excellent place to obtain it. We are one of the reputed and reliable loan agencies that provide the Best Loan Services in Ahmedabad. Contact us at info1@agil.co.in to avail of our services or to learn more about us.