Salaried Class Check List for the Documents required by the Bank for Loan Personal Documents 1. Proof of Age
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_____________(Passport/School Leaving Certificate)
2. Proof of Residence
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_____________(Passport/Ration Card/Utility Bills)
3. Proof of Signature
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_____________(Passport/Credit Card/Bank Verification)
Salaried Class Financial Documents 1. Bank Statement for the Last 6 Months 2. Three credit Checks are carried out Are the salary credits reflecting every month Is the average balance sufficient to service monthly installment Are there any monthly deductions, which could affect the ability of the customer to service the loan Salary Documents 1. Latest 3 months pay slips-duly certified by the employer (Indicates monthly gross salary, one time income and monthly deductions. Used in income eligibility calculations. 2. Salary Certificate: Duly Certified by the Employer 3. TDS 'form-16' for the last 2 years (This indicates 2 years of continuous employment/stability of Job also used to check the gross salary figure) Miscellaneous Documents 1. Repayment record on the existing loans/closure letters 2. Clarification letter from bank on cheque returns/account conduct 3. Income Tax Document, if required by the bank to verify income earned 4. Other documents as deemed fit by the bank
Legal Documents 1. Draft Agreement for Sale 2. Previous Chain of Documents 3. Legal Opinion 4. Valuation Report with Photograph
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