Loan

Sujata Associates will help you taking Loan

Sujata Associates will help you taking any kind of loan. You don't have to make time for doing papers and all. we will be here to help you.

PERSONAL LOAN:

Personal Loans are as a rule of two kinds for example secured personal loan which is secured against the home loan of securities, high surrender value insurance policies, gold, and so on and another is unsecured personal loan which does not expect you to mortgage anything. Unsecured personal loans don't expect you to give any insurance security, however some PSU banks may demand on a third party guarantee. Unsecured personal loan can be taken to fund any short-term requirement like oversea trips, marriage, medical emergencies, and so on. The main condition is that the personal loan should not be utilized for speculative purposes.

Personal loan is a straightforward issue free procedure of funding your personal requirement with minimal documentation and within quick time.

LOAN PURPOSE:

Personal Loan is usually known as generally useful Loan it very well may be utilizes for satisfying different legitimate personal needs that includes -

  • Higher education for self, children, etc.
  • Marriage in the family
  • Dream vacation
  • Festival expenses
  • Medical emergencies
  • Furnishing or renovation of house
  • Purchase of high end lifestyle, consumer goods.
ELIGIBILITY CRITERIA:

Being unsecured in nature, lenders have stricter standards with respect to eligibility and endorsing of personal loan. But some of the basic eligibility criteria the applicant must fulfill are as follows

  • Should be a Resident Indian
  • Should be minimum 21 years of age
  • Should be Salaried or Self Employed Professional / Non professional
  • Should be a permanent employee of the organization, if salaried
  • Should have continuous source of income to service the loan
DOCUMENTS CHECKLIST:

To start the loan process, the lender will require-

  • Should be a Resident Indian
  • Should be minimum 21 years of age
  • Should be Salaried or Self Employed Professional / Non professional
  • Should be a permanent employee of the organization, if salaried
  • Should have continuous source of income to service the loan
Income Documents:
  • For salaried individuals: Form 16 or IT returns – last 2 years
  • Salary slips for last 3 months
For self-employed:
  • IT returns – last 2 / 3 years
  • Audited Balance Sheet & Profit & loss A/c – last 3 years
  • Proof of turnover vide latest sales / service tax returns
  • Proof of continuity of business (Trade License /Establishment /Sales Tax certificate)
  • Office address proof
  • Qualification or registration proof required for Self-employed Professionals
  • Documentary proofs required may vary from customer to customer and the financial institute may ask
  • for more documents, if required.

 

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