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Are you a salaried employee?

This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees such as public sector undertakings and central, state and local bodies.

You should:

  • Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenure)
  • Have had a job for at least 2 years, and a minimum of 1 year with your current employer
  • Earn at least an income of Rs. 100000 annually, including the income of your spouse
  • Have a telephone at your residence
 

Documents you will need to submit:

  • Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID, School/College Leaving certificate.
  • Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth date, Photo ration card with DOB.
  • Income Proof: Latest salary slip with latest form 16/latest ITR.
  • Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with DOB, Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy, Employer certificate/ID.
  • Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date ( laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
  • 9 month repayment track for vehicle under personal usage and 12 month repayment track for vehicles under commercial usage.
  • Foreclosure statement.

Are you a self employed individual (Sole Proprietorship)?

This category includes self-employed sole proprietors in the business of manufacturing, trading or services.

You should:

  • Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenure)
  • Be in business for at least 3years
  • Earn at least Rs. 60,000 per annum
  • Have a telephone at your residence

Documents you will need to submit:

  • Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID, School/College Leaving certificate.
  • Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth date ( laminated, recent , legible), Photo ration card with DOB.
  • Income Proof: Latest ITR / Previous ITR with Adv. Tax paid Challan / latest IT assessment order.
  • Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with DOB, Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy, Employer certificate/ID.
  • Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
  • 9 month repayment track for vehicle under personal usage and 12 month repayment track for vehicles under commercial usage.
  • Foreclosure statement.

Are you self employed (Partnership Firms)?

This category includes self-employed partners in the business of manufacturing, trading or services.

You should:

  • Earn at least Rs. 60,000 per annum
  • Have a minimum turnover of Rs. 4,50,000 per annum
  • Have a landline at your office and residence. However, Post-paid mobile phone of three month vintage is acceptable in case of landline at only one place.

Documents you will need to submit:

  • Age Proof: Partnership deed.
  • Proof of Identity: Partnership deed.
  • Income Proof: Latest ITR and latest Balance Sheet along with Profit and Loss Account. In case of Business turnovers exceeding 40 Lakhs or Professional turnovers exceeding 10 Lakhs, the Balance sheet needs to have been audited and in which case the latest Income Tax Return need not be taken.
  • Address Proof: Partnership deed or any of Telephone bill, Electricity bill.
  • Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
  • 9 month repayment track for vehicle under personal usage and 12 month repayment track for vehicles under commercial usage.
  • Foreclosure statement.

Are you self employed (Private Limited Companies)?

If you own a private company in the business of manufacturing, trading or services, this is for you.

You should:

  • Earn at least Rs. 60,000 annually
  • Have a landline at office

Documents you will need to submit:

  • Age Proof: Memorandum and Articles of Association / Certificate of incorporation.
  • Proof of Identity: Memorandum and Articles of Association / Certificate of incorporation.
  • Income Proof: Latest ITR and latest audited Balance Sheet along with Profit and Loss Account.
  • Address Proof: Memorandum and Articles of Association / Certificate of incorporation or any of Telephone Bill, Electricity Bill.
  • Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
  • 9 month repayment track for vehicle under personal usage and 12 month repayment track for vehicles under commercial usage.
  • Foreclosure statement.

Are you self employed (Hindu Undivided Family- HUF)?

If you are self-employed in a business that falls under a HUF, this is for you.

You should:

  • Earn at least Rs. 60,000 per annum
  • Have a landline at your office and residence. However, Post-paid mobile phone of three month vintage is acceptable in case of landline at only one place.
  • For HUFs, the Karta should be the co-applicant in his individual capacity.