The list of documents required varies depending on the type of the loan. The following are the key documents required for each type of Indian Bank personal loan:
For Indian Bank Clean Loan (Salaried Individuals)
- Proof of income: This can either include your salary slips for the last six months showing all the deductions or the latest copy of Form 16. Please note that the income proof should be duly attested by the employer.
- Proof of Employment: This can include a copy of the employment order, your employee number or the photo identity card issued by your employer, etc.
- Form 16 or certified Income Tax Return (ITR) for the past 2 years
- PAN Card (Permanent Account Number): Please note that this is a mandatory requirement to avail Indian Bank personal loan.
- KYC Documents: These may include your Aadhar Card, Passport, Election ID, Ration Card, Driving License, etc.
- Authorization to Debit Loan EMIs: This refers to the mandate to debit loan EMIs from either your Savings Bank (SB) account or through Electronic Clearance System (ECS) or National Automated Clearing House (NACH).
- Guarantee: Guarantee of another employee from same organization with same/higher pay scale or spouse, as applicable.
For Indian Bank Pension Loan (Pensioners)
- Authorization Letter: To allow the bank to debit loan EMIs from your savings bank account, where pension is credited.
- Guarantee of the spouse eligible for family pension. In case the spouse is not available, suitable guarantee from the legal heir/ family member/ third party guarantor, acceptable by the bank can be submitted.
For Indian Bank Loan Against NSC/ KVP/ Relief Bonds of RBI/ LIC Policy
- A Copy of Salary Certificate/ Income Tax Return to assess the repayment capability.
- Original NSC/ KVP/ RBI Relief Bond/ LIC Policy.