Loan given to self-employed, professionals or company without any collateral security is called a business loan. The sanction of business loan is based largely on the creditworthiness of the borrower and the firm. The bank or the financial institutions will first take a look at your firm’s and your credit score and analyse your credit rating before offering loan. They will also look at your financial statements for the past 3 years, bank statements, Nature of business, its current and expected returns and the market trend.

Home loan is a secured loan given to individuals who aspire to build or buy a house. The property so purchased is mortgaged in the name of the lending institution as security, till the time the loan is fully repaid.

The lending institution will hold the original property related documents till the time the loan is fully repaid along with the interest.

Debt Consolidation

Debt Consolidation is a concept that will allow you to regain the confidence by minimizing the monthly outflow & maximizing the savings for future even without increasing the income.

The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period.

Standard Documentation

• Application form & formats to be signed by Applicant & Co-Applicant

• 2 passport size photograph
• Copy of PAN card
• Copy of Aadhar Card
• Copy of Current Residence Proof
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• Copy of Company Id card (front & back side)
• Last 4 months salary slip
• Latest CTC or Increment letter – if there is any changes in salary in last 3 months
• Last 6 months to till date bank account statement where salary is getting credited
• Current Appointment Letter – not required if date of joining is mentioned in payslip
• Last 2 years form 16
• 3 Years work continuity proof (not applicable if working with present company for 3 yrs)
• Copy of Degree Certificate
• Sanction Letter / Loan Schedule of all the existing loans – if any

• Power of attorney to be signed by Applicant & co-applicant (as per bank format)

Applicant : Spouse or Self whose income is to be considered for funding.

Co-Applicant : Power of attorney holder (if married then mandatory spouse, if not then any family member)

Common Documents for Applicant & Co-Applicant

• 2 passport size photograph
• PAN card copy
• Aadhar card copy
• Indian address poof (Latest)

• Full Passport Copy with visa stamps
• Full copy of CDC (continuous discharge certificate)
• Last 6 months salary slip (with company stamp)
• Last 6 months to till date salary a/c statement - overseas
• Last 6 months to till date Indian A/c statement - NRE/NRO account
• Latest Contract Copy / Appointment Letter / Work Permit copy
• 3 years' work experience proof
• Degree Certificate
• Existing Loan details (if any)
• Full Credit Report – Equifax / TransUnion

• Power of attorney to be signed by Applicant & co-applicant (as per bank format)