Which documents can be considered as Income Proof to be submitted for taking a loan?

Which documents can be considered as Income Proof to be submitted for taking a loan?

In case of a Salaried Person applying for loan, the Income documents are:

  1. Last six months / 1 year salary slip depending on the Lender’s requirement.
  2. Last six months / 1 year Bank Statement reflecting the Credit in the account.
  3. Salary Certificate
  4. Form 16
  5. ITR for last for one year, two years or three years depending on the Lender requirement.

 

In case of a Self Employed Individual; the following documents are required:

  1. Last two / three years (depending on the Lender’s requirement) Complete audited Financials with ITR & Computation of Income
  2. Last one year’s Current Account Statements.
  3. Individual Bank Account Statement of the Partners / Directors, depending on the Company.

 

In case of Self Employed Professional; the documents required are:

  1. If the borrower is an Individual, last two / three years ITR with Computation of Income for the applicants
  2. If the borrower is a company; last two / three years Audited Financials with Profit & Loss account and Balance Sheet with annexures of the firm / company
  3. Bank Account Statement of the Individuals / Current Account of the firm / company.