LOAN DOCUMENTATION (GOLD LOAN,VEHICLE AND AGRICULTURAL LOAN)

Updated on : 2020-Dec-29 16:36:23 | Author :

Gold loans are one amongst the most widely availed loans in the country, and with good reason. any person above the age of eighteen will apply for a gold loan and these loans want minimum documentation to urge sanctioned. Also, the documents required are ones that almost everyone will simply provide – age proof, ID Proof and address proof.

 

Identity proof :

 

  • Aadhar Card
  • PAN Card
  • Valid Driving License,
  • Valid Passport
  • Voter’s ID Card
  • Job Card issued by NREGA (National Rural Employment Guarantee Act,2005 )

Address proof:

 

  • Aadhar Card
  • Driving License
  • Valid Passport
  • Voter’s ID Card
  • Job Card issued by NREGA

DOCUMENTS REQUIRED FOR VEHICLE LOAN:

Here is the list of the documents required to apply for a car loan:

 

  • Proof of age
  • Identification proof
  • Application form
  • Passport size photograph
  • Proof of residence
  • Income proof
  • Bank statement
  • Signature verification proof
  • Pro-forma Invoice or Rate List

Proof of Identity could be a photocopy of any one of the following:

 

  • Passport
  • PAN Card
  • Voters ID card
  • Driving License
  • Address Proof could be a photocopy of any one of the following:
  • Ration card
  • Driving License
  • Voters ID card
  • Passport

  • Telephone Bill

  • Electricity bill

  • Life Insurance policy

 

Reasonable interest rates, affordable EMIs, simplistic paperwork, and quick disbursement are some reasons why car loans have become such a comfortable option for today’s common man. Now the dream of owning a car is no longer far and needs a few documents.

 

Some banks may ask certain documents of you that other banks don’t require, so it’s advisable to cross-check with the lender bank prior to your appointment with the loan officer.

 

DOCUMENTS REQUIRED FOR AGRICULTURAL LOAN:

 

  • Duly filled application form
  • Identity proof like your PAN Card, Aadhaar Card, or Passport
  • Proof of residences like Aadhaar Card, Passport, or Utility Bills
  • Land registration document, taxes paid, and utility bills
  • No due certificate from Co-operative Credit Society (If required)
  • Copy of the land sale agreement
  • Last six months bank statement (If required)
  • Passport size photograph of the applicant and co-applicant

 

Additional Resources:

What is CIBIL Score?

Types of LOAN in India

What is NBFC?

What is CIBIL score?

DOCUMENTS REQUIRED FOR EDUCATION LOAN

DOCUMENTS REQUIRED FOR BUSINESS LOAN

DOCUMENTS REQUIRED FOR HOME LOAN

 

 

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