Loans are something that is needed by most of us who are salaried or self employed at one point in time or the other. The list keeps going. Lets' take a look at one category of loans provided by banks - Loans for Professionals.
The bellow list are the different categories of documents that a self employed professionals has to fulfill:
1. Financial Documents
2. Tax information
3. Professional work
Here is a list of documents that a self employed professional may need to furnish:
* Proof of Identity (Passport copy/Voters ID Card/Driving License)
* Address Prof (Ration Card/Telephone, Electrical Bill / Passport)
* Bank statements (latest 6 months bank statement/passbook)
* Latest ITR alsong with computation of Income. Balance sheet and Profit and loss account for last 2 years certified by a CA.
* Qualification proof of the highest professional degree.
* Proff of continuation (Trade licence/Establishment Sales Tax Certificate)
and other mendatory documents.
The maxmium amount offered as Professional Loans varies in banks, depending on the financial standing of the customer, his repayment capacity, terure of the loan etc. Banks generally provided loan from Rs. 25000 to Rs. 25 lakhs. The interest rates vary only slightly from the normal lending rates of the banks.
The bellow list are the different categories of documents that a self employed professionals has to fulfill:
1. Financial Documents
2. Tax information
3. Professional work
Here is a list of documents that a self employed professional may need to furnish:
* Proof of Identity (Passport copy/Voters ID Card/Driving License)
* Address Prof (Ration Card/Telephone, Electrical Bill / Passport)
* Bank statements (latest 6 months bank statement/passbook)
* Latest ITR alsong with computation of Income. Balance sheet and Profit and loss account for last 2 years certified by a CA.
* Qualification proof of the highest professional degree.
* Proff of continuation (Trade licence/Establishment Sales Tax Certificate)
and other mendatory documents.
The maxmium amount offered as Professional Loans varies in banks, depending on the financial standing of the customer, his repayment capacity, terure of the loan etc. Banks generally provided loan from Rs. 25000 to Rs. 25 lakhs. The interest rates vary only slightly from the normal lending rates of the banks.
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