Eligibility & Documents

Know Your Eligibility. Prepare with Confidence.

Understand the Requirements Before Applying

Every loan has different eligibility criteria and documentation requirements. The requirements may depend on the loan category, applicant's financial profile, business activities, project details and the lender's policies. Understanding these requirements in advance can help make the application process more organised.

Check Your Requirements
LOAN-WISE DOCUMENT CHECKLIST

Documents You May Need

Explore the general documents that may be required for different loan categories. The exact requirements depend on the applicant's profile and the lender's assessment.

  1. Personal Loan

    • PAN Card
    • Identity and address proof
    • Salary slips or income proof
    • Bank statements
    • Employment details, where applicable

  2. Home Loan

    • Identity and address proof
    • PAN Card
    • Income proof
    • Bank statements
    • Property-related documents
    • Employment or business details

  3. Business and SME Loan

    • Applicant and business KYC documents
    • Business registration documents, where applicable
    • Bank statements
    • Financial statements
    • Income tax returns, where applicable
    • GST records, where applicable
    • Business details and financial requirements

  4. Working Capital and Term Loan

    • Business and applicant KYC
    • Bank statements
    • Financial statements
    • Income tax returns
    • Business operating details
    • Details of existing financial obligations

  5. Project Loan

    • Project report
    • Estimated project cost
    • Business profile
    • Financial statements
    • Bank statements
    • Projected cash flow
    • Land or property documents, where applicable

  6. Machine and Equipment Loan

    • Business KYC
    • Financial statements
    • Bank statements
    • Machinery or equipment quotations
    • Details of business operations
    • Additional security documents, where applicable

  7. Mortgage Loan

    • Applicant KYC documents
    • Income proof
    • Bank statements
    • Property ownership documents
    • Property-related records
    • Other documents requested by the lender

  8. Car and Commercial Vehicle Loan

    • Identity and address proof
    • PAN Card
    • Income or business proof
    • Bank statements
    • Vehicle quotation
    • Additional documents requested by the lender

  9. Agri Infra and Subsidy-Linked Financing

    • Applicant or business details
    • Project proposal
    • Project cost estimates
    • Land or property documents, where applicable
    • Scheme-specific documentation
    • Additional documents requested by the lender or relevant authority

Important Information

The above lists are indicative and may vary depending on the lender and loan category. Meeting basic eligibility requirements does not guarantee loan approval. Final approval, loan amount, interest rate and other conditions are determined by the relevant lender.

For subsidy-linked financing, eligibility and benefits depend on the applicable scheme rules and approval by the relevant authority.

Need Help Understanding Your Requirements?

Every financial application is different. Connect with RK Fin Advisory to discuss your financing requirements and understand the general documentation process.

Check Your Requirements