Here is a Comprehensive List of Documents Required to Apply for a Loan

 A finance company personal loan or a professional loan may be a useful tool for meeting a variety of financial needs. However, a verification process must be completed in order to get a loan for any purpose. There are several types of loans, and each kind has its own unique set of required documents.

However, if you have all the necessary papers together and fulfill the lending requirements, getting a loan shouldn't be too tough. It will also be simpler for you if you have everything in hand, and the process will be quicker and less cumbersome.

If you need a loan and aren't sure what documents are required, this comprehensive list will help you get everything ready in your hand.




Documents Required for Personal Loans

If you are in need of a personal loan, a trustworthy personal finance company like Peerless Finance will be a good choice for you to get a loan for any kind of personal finance needs. Here is the list of required documents to apply for a personal loan:

For salaried individuals:

●     Identity proof (copy of passport/voter ID card/Aadhaar card/driving license)

●     Income Proof

●     Address proof (copy of passport/voter ID card/Aadhaar card/driving license)

●     Pay Slip

●     Bank Statement

●     Company ID Card

For self-employed individuals:

●     Identity proof

●     Residence Proof

●     Business Existence Proof

●     Office Address Proof

●     Income Proof

Documents Required for Business Loans

●     KYC documents (Proof of Applicant's Identity, Address Proof, Proof of Age)

●     Proof of business ownership

●     Other financial documents

○     Bank account statements of the last 6 months

○     IT returns for the last 2 years

○     P&L and balance sheet for the last 2 years

●     Proof of Continuation (ITR/Trade License/Sales Tax Certificate)

Documents Required for Professional Loans

●     Proof of Identity (Passport, PAN Card, Aadhaar Card)

●     Proof of Address (Ration card, Aadhaar Card, Utility bills)

●     Copies of your professional degrees and diplomas

●     Bank statement for your business for the last 6 months

●     Profit and loss statements of your business

Knowing the eligibility criteria, gathering the necessary documents, and reading the agreements is essential before applying for any kind of loan. For those in need of a loan in the Kolkata area, Peerless Finance offers streamlined procedures for both the application and verification phases.



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