HDFC BANK Personal Loan Eligibility and Documents Required

Features of Personal Loan Provided By HDFC BANK

• Interest rate is very Low When Compared to Other Banks(15.75 % per year)
• Transparency is more than other Banks. (Zero -Hidden Charges )
• Less Documents are Needed To Get the Loan.
• Loan Amount Sanction based on Previous Repayment of Home Loans,Auto Loans,Credit Cards,etc.
• There will be Personal Accident Cover Upto 8 Lacs by Paying a Minimum Premium.
• Loan Transfer Facility is Available from other Banks(11.49 % ) and the Processing Fee is Rs.999

HDFC Bank Diva Loan For Womens

HDFC Home Loans Eligibility and Documents

Features of Home Loan Provided By HDFC Home Loans

• HDFC  Bank has Approximately  4.4 Million Customers till 14/05/2017 
• HDFC Bank has Flexible Repayment Options.
• HDFC  Bank has a Facility of Geting Loan at Our Door Step.

HDFC Provides Home Loan For The Following reasons

1. To Purchase a Home or Construct Home.
2. For Making House Repairs Like Painting,Water Proofing,Flooring,Plumbing,Electrical Works and Much More.
3. For Constructing Extra Rooms Such as Bed Room, Rooms For Playing Childrens ,Reading Rooms.

House Loans Provided in Rural Areas For Farmers,Planters,Horticulturists,Dairy Farmers.

Features for Peoples Live in Rural Houses:

• Loans Provided For Farmers Based on Land Owned By That Particular Farmer and also the Crops Cultivated by that Farmer.
• Home Loans provided for Residential Areas in Villages
• No Income Tax Statement Asked For Farmers to Get a Home Loan

Documents Needed to Get Home Loan For Agriculturists:

1. Two Photos With Application Form
2. Residential Proof & Proof of Identity.
3. Bank Statement For Last Six Months
4. Documents of Land Owned by The Farmer & Crops Being Cultivated By The Farmer.
5. Last Six Months Bank Statement
6. Processing Fees (Based on Loan Amount)
7. Details of Last Two years Bank Loan Availed By the Client.

Features For Salaried And Self Employed:

• Loans Provided For Government and Private Employees Based on Salary
• Loans Provided For Business Persons Based on Last Three Years Income Tax Returns

Documents Needed to Get Home Loan For Salaried Person:

1. Application form & Two Recently Taken Pass port Size Photos of the Client.
2. Proof for Residence and Identity.
3. Last Six Months Bank Statement.
4. Processing Fees.
5. Last 3 Months Salary Statement and Salary Slip
6. Form 16.

Documents Needed to Get Home Loan For Self Employeed:

1. Application Form With Two Pass Port Size Photos.
2. Proof of Residence and  Identity
3. Processing Fees based on Loan Amount.
4. Proof of Business and Educational Qualification Certificates.
5.  Last 3 Years Income Tax Returns and Profile.
6. Last 3 Years Balance Sheet and Profit& Loss Statement.

Icici bank business loan eligibility and documents

ELIGIBILITY CONDITION FOR BUSINESS LOAN IN ICICI BANK 

What are the Benefits of Getting Business Loan in ICICI Bank?

1. First Time Loan Will be  Given Upto 40 Lakhs
2. Different Loan Amounts and Interest Rates Based on Type of Business  Such as Doctors,Architects,Pofessionals
3. There will be Maximum Tenture Upto 60 Months
4. Loan Can be Paid By Means of Auto Debit,ECS & PDC
5. No Collateral or Security

Types of Business Loans

There are Different Loans Provided for Different Business They are

• Loans For Small and Medium Enterprises Segmant
• Collateral Free Loan - Loans Provides Without any Security Documents
• Pre-qualified Loans Micro Enterprises Credit (MEC)
• Loan For Establishment of Merchant Activities

Loans For Small and Medium Enterprises

 This type of Loan is  Provided For Small and Medium Enterprises, for the Following reasons

1. For the purpose of Capital Finance Requirement
2. Need For Purchasing asset for Business Expansion
3. Export Credit for Pre-Shipment & Post Shipment Finance
4. Guarentee For Meeting Financial Obligations by Your Company

* Bank Will Need Security For Your Loan Based On Money You Need.

*Eligible Firms are Sole Proprietorship Firms, Partnership Firms, Private limited Companies, Public limited Companies

Icici Bank Personal Loan Eligibility and Documents

There are Some of Eligibility Conditions to Meet To Apply Before Personal Loan In ICICI Bank.

Eligibility Conditions are Listed Below :

FOR SALARIED PERSONS

Age: 23 years (minimun) - 58 years(Maximum)

Net Salary: Minimum monthly income Rs.17,500 (Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)

 Total years Must Be in Current Job/Profession:  2 Years

 Years Must Be in Current Residence : 1 Year

FOR BUSINESS DOING PERSONS

Age: 28 years (self employed individuals) and 25 years (for doctors); Maximum age - 65 years 

Minimum Turnover: 

• Rs. 40 lakh for those who are  non-professionals; 
• Rs. 15 lac for professionals; as per audited financials 

Minimum Profit After Tax :

• Rs. 2 lac for Proprietorship Firm/Self employed Individuals and
•  Rs. 1 lac for non-professionals as per audited financials 

Business Stability : 

• At least 5 years For Normal Persons and 
•  Minimum 3 years for doctors 

Existing relationship with ICICI Bank :  Person Willing to Get Personal Loan Must Maintain Minimum 1 year Liability Relationship (Current or Savings account) or Asset Relationship (Loan) either Live or Closed in the Last 36 months; Repayment track as required.

DOCUMENTS REQUIRED FOR SALARIED PERSONS

1. Proof of Identity: Passport / Driving License / Voters ID / PAN Card (any one)
2. Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
3. Latest 3 months Bank Statement (where salary/income is credited).
4. Salary slips for last 3 months
5. 2 Passport Size photographs

DOCUMENTS REQUIRED FOR BUSINESS DOING PERSONS

1. KYC Documents : Proof of Identity; Address proof; DOB proof.
2.  Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one). 
3.  Income proof (audited financials for the last two years). 
4. Latest 6 months Bank statement. Office address proof. 
5. Proof of residence or office ownership. Proof of continuity of business.

How to Get Business Loans in Bank

To Get Business Loans From Bank, You Must Submit all of Details Asked By Bank
Each and Every Bank Has its Own Eligibility Criteria For Getting Loan

Some of Leading Banks are 

1)ICICI Bank
2)HDFC Bank
3)State Bank of India
4)Indian Bank
5)Karur Vysya Bank

Eligibility Criteria are fixed by Banks Based on Following Conditions

1)Age
2)Net Salary
3)Total years in job/profession
4)Total years in job/profession