Sunday, September 12, 2010

PERSONAL LOAN

Documents required in Personal Loan
The documentation process in personal loan is very fast as against secured loans. Following documents are required by financial institutions to process the loan application:
• Identity proof
• 3 to 6 months Bank statements
• Residence proof
• Salary slip
• Guarantors & their same set of documents
In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other mandatory documents etc.