Personal Loan - Eligibility & Documents Required
When applying for a personal loan from Fatafat Finance,
you will typically need to provide a set of essential documents to support your application.
These documents are essential for verifying your identity, income, and financial stability.
By providing these necessary documents to Fatafat Finance, you ensure a smoother and more
efficient evaluation of your eligibility for a personal loan, as well as the determination of
appropriate loan terms.
Personal Loan Eligibility Criteria
| Eligibility criteria | Requirement |
|---|---|
| Loan Amount | UPTO 5 Cr. |
| Age | Age should be between 18 to 60 Yrs |
| Monthly Income | Applicants must have a monthly salary of at least ₹30,000 |
| CIBIL Score | 650 & more credit history |
| Minimum Work Experience | 2 years of total work experience |
| Employment Status | Whether you're a salaried employee, self-employed professional, or have a stable source of income |
| Employment Stability | For salaried individuals, having a stable job history and employment tenure can positively influence your eligibility. |
Note:The above-mentioned Personal Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing.
Documents required for Personal Loan
- Pancard/Aadhar card/Photo/ID Card
- 6 months salary slips
- 12 months of banking statements from the salaried account
- 2 years Form 16
- 2 years ITR & Certificate of Incorporation
- Appointment letter/Last relieving letter
Note: The above-mentioned Personal Loan documents list is indicative. Additional documents may be required during loan processing.