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Up to 0.50% of loan ...amount or Rs 3,000, whichever is higher For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
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Eligibility | Requirement |
Age | Minimum Age: 18 years and Maximum Age: 70 years |
Resident Type | The applicant must be (any one):
|
Employment | The applicant can be (any one):
|
Net Annual Income | At least Rs.5-6 lakh depending on the type of employment |
Residence | The applicant must have (any one):
|
Credit score | A good credit score of at least 750 or more obtained from a recognised credit bureau |
Identity Proof (anyone) | Residence Proof (any one) | Other Documents |
Driving Licences | Copy of Electricity Bill/Water Bill/Telephone Bill | Employer Identity Card |
PAN | Copy of valid Passport/Aadhar card /Driving License | Duly filled loan application form affixed with 3 passport size photographs |
Voter ID Card | ---- | Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions |
For Self-Employed applicant/Co-Applicant | For Salaried Applicant/ Co-Applicant |
Income tax Returns for the last three years | Copy of 16G form Income tax return slip of last two years. |
Certificate of Qualification | Salaries slip of last two months |
Balance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years | ---- |
Business Licence Details | ---- |
Business address proof | ---- |
TDS Certificate | ---- |
Identity Proof (anyone) | Residence Proof (any one) | Other Documents |
PAN | Telephone bill | Attested copy of the applicant’s/co-applicants’/guarantor’s valid passport and visa |
Valid Passport | Electricity bill | Proof of residence indicating the applicant’s current overseas address |
Driver’s Licence | Water bill | Employer Identity Card |
Voter ID Card | Piped Gas bill | If the applicant is employed in the Merchant Navy, the applicant is required to submit a copy of Continuous Discharge Certificate (CDC) |
---- | Valid Passport | PIO Card issued by the Government of India in case the applicant/co-applicant is a Person of Indian Origin (PIO). |
---- | Driving Licence | The completed loan application form duly filled with three passport size photographs of the applicant and co-applicants. |
---- | Aadhaar Card | The attestation of the documents can be done by: 1. Indian Embassy/Consulate 2. Overseas Notary Public 3. FOs/Representative |
---- | ---- | Offices 4. Officials of Branch/Sourcing Units based in India |
For Self-Employed applicant/Co-Applicant | For Salaried Applicant/ Co-Applicant |
Proof of income if the applicant/co-applicant is a self-employed professional/businessman. | Valid work permit |
Business address proof | Employment contract (translated in English) attested by the employer/consulate/embassy/Indian foreign office if the contract is in another language. |
Balance Sheet and Profit and Loss accounts audited by a certified CA for the last 2 years | Salary slips for the last 3 months |
Individual Tax Return for the last 2 years – Not applicable to NRIs/PIOs located in the Middle East countries. | Bank statements indicating salary credit for the last 6 months |