Before applying for Personal Loan in Guwahati know the documents required

Having the largest metropolis in north-eastern India and the largest city in the state. Assam’s capital city, Guwahati, has one of the fastest-growing populations, a significant riverine port, and hills. With an industrial sector that contributes to the city’s economy, the area is home to a variety of primate species and animals.

As a result, if you’re searching for a vacation area with a lot of tourist attractions but no rush-hour atmosphere, you might want to think about it as a nice change of pace. Your next vacation destination is Guwahati, but unlike many others, you don’t have enough money saved. Given that you may now apply for a personal loan in Guwahati, you have come to the proper place.

Purpose of personal loan

Personal loans in Guwahati, are flexible loans that you can use for a variety of purposes, such as purchasing a new device or paying for business, wedding, and travel expenses. These loans don’t require collateral, disburse quickly, and promote minimal paperwork.

For whatever monetary requirement, a personal loan is available in Guwahati. Are you looking for such financial protection? You should visit the Hero FinCorp website right away because they offer speedy personal loans with the lowest APRs. You can go to, get married in, or conduct business in this north-eastern city. What if it is? Then you decide to apply for a personal loan in Guwahati, which might be a wise choice if you ever need financial assistance.

Documents needed for salaried employees’ loans

There are personal loan documents required by you to be quickly approved. These documents include, among others, a completely completed application form, KYC, income verification, and a passport photo. Be aware that the personal loan documentation needed for salaried customers and those who are self-employed differ slightly.

Mandatory Documents

  • Properly completed loan application
  • Colored passport-size photo

ID Verification (anyone)

  • PAN card
  • Driving License
  • Passport
  • Aadhaar Card

Proof of Residence (anyone)

  • Driver’s Licence
  • Passport
  • Utility Bill
  • Aadhaar Card
  • Ration Card

Proof of residence ownership (anyone)

  • Property Documents
  • Maintenance Bills
  • Electricity Bills

Proof of Income

  • Payslips from the previous six months
  • Bank account statement over the past six months (salary account)
  • Form 16

Job security proof

  • Letter of appointment from the existing employer
  • Certification of experience from the past employer

Self-Employed Person Personal Loan Documents required

Mandatory Documents

  • Properly completed loan application
  • Colored passport-size photo

Proof of Identity (anyone)

  • Driving License
  • Aadhar Card
  • PAN Card
  • Passport

Residence Evidence (anyone)

  • Driving License
  • Passport
  • ID Card, Aadhaar
  • Ration Card
  • Utility/Electricity Bill

Proof of Office Address (anyone)

  • Maintenance Invoice
  • Electricity Bill
  • Property Records
  • Rent Confirmation

Proof of Business Existence (anyone)

  • Tax Registration Copy
  • Proof of Store Establishment
  • Company’s Certificate of Registration

Income Evidence

  • Recent six-month bank statement
  • ITR for the past two years in a row

Job security guaranteed

  • Letter of appointment from the existing employer
  • Certification of experience from the prior employer

Conclusion

The personal loan documents required can help the lender assess the credit risk and decide whether the borrower’s finances are stable. Additionally, it helps a lender learn and confirm every piece of information about the application, including age, salary, address, job, and occupation.

Once they have these details, lenders can better comprehend the application. Using the information supplied, they may also provide the applicant with the best Personal Loan in Guwahati.

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