The essential documents required before taking a loan are as follows –

Income documents

• Salary slips for the last three months.
• Appointment letter. ● Salary certificate.
• Retainer ship agreement, if appointed as a consultant.
• Form 16 issued by the employer in your name.
• Last three years profit and loss account duly attested by a Chartered Accountant, if self employed.
• Last three years balance sheets duly attested by a Chartered Accountant, if self employed.
• Last three years Income Tax Returns duly filed and certified by the Income Tax authorities.

Proof of employment

• Identity card issued by your employer.
• Visiting card.

Employer’s details (in case of private limited companies)

The profile of the employer on a letter head (to be signed by a senior person in the organization) comprising:

• Name of promoters/Directors. ● Background of promoters/Directors.
• Nature of the business activity of your employer. ● Number of employees.
• List of branches/factories. ● List of suppliers.
• List of clients/customers. ● Turnover of the organization.
• Annual reports of your employer for the last two to three years.

Proof of age (any of the following)

• Passport. ● Voter’s ID card.
• PAN card. ● Ration card
• Employer’s identity card. ● School leaving certificate.
• Birth certificate.

Proof of residence (any of the following)

• Ration card. ● Passport.
• PAN card.
• Rent agreement, if you are currently staying on rent. ● Bank Passbook.
• Allotment letter from your company if you are residing in company quarters.

Proof of name change (if applicable)

• A copy of the official gazette. ● A copy of a newspaper advertisement publicizing the name change.
• Marriage certificate.

Proof of investment (if required)

• Bank statement for the last six months of all operations and salary accounts.
• Bank statements for the last six months of all current accounts, if self-employed.
• Any other photocopies of investments held, if required.

By LawZ Bureau,