Document Support for Loans & More
✅ 1. Personal Loan Purpose: Marriage, travel, medical, education, etc.
Loan Amount: ₹10,000 to ₹50 lakh
Interest Rate: 9% to 24% p.a.
Tenure: 1 to 7 years
Eligibility: Salaried/self-employed, 21–60 years, stable income
Documents:
Aadhaar, PAN
Salary slips or bank statements
Address proof
Popular Providers: HDFC, ICICI, Axis Bank, Bajaj Finserv, SBI
✅ 2. Home Loan Purpose: Purchase, construction, or renovation of a house
Loan Amount: Up to ₹10 crore+
Interest Rate: 8% to 11% p.a.
Tenure: Up to 30 years
Eligibility: Good credit score, income stability
Documents:
Property papers
KYC documents
Income proof
Popular Providers: SBI, LIC Housing, HDFC, ICICI, PNB Housing
✅ 3. Education Loan Purpose: Higher education (India or abroad)
Loan Amount: ₹50,000 to ₹1 crore
Interest Rate: 8% to 14% p.a.
Tenure: Up to 15 years
Eligibility: Admission proof in recognized institution
Documents:
Admission letter
Fee structure
Academic records
Co-applicant income proof
Popular Schemes: SBI Scholar, Vidya Lakshmi Portal, Credila
✅ 4. Business Loan Purpose: Business expansion, working capital, machinery, etc.
Loan Amount: ₹50,000 to ₹5 crore
Interest Rate: 10% to 22% p.a.
Tenure: Up to 5 years
Eligibility: Business vintage, ITR, turnover
Documents:
GST, ITR
Business proof
Bank statements
Schemes: Mudra Loan (Shishu, Kishore, Tarun), PMEGP, CGTMSE
✅ 5. Vehicle Loan Purpose: Two-wheeler or four-wheeler purchase
Loan Amount: Up to 100% of on-road price
Interest Rate: 8% to 15% p.a.
Tenure: 1 to 7 years
Documents: KYC, income proof, vehicle quotation
✅ 6. Gold Loan Purpose: Emergency funding using gold as collateral
Loan Amount: Based on gold weight (₹1,000/gm approx)
Interest Rate: 7% to 16% p.a.
Tenure: 3 months to 3 years
Quick processing, minimal documents
Providers: Muthoot Finance, Manappuram, banks
✅ 7. Loan Against Property (LAP) Purpose: Large personal/business expenses
Loan Amount: Up to 70% of property value
Interest Rate: 8.5% to 14% p.a.
Tenure: Up to 15 years
Documents: Property documents, income proof, KYC
✅ 8. Government Loan Schemes PM Mudra Yojana: ₹10,000 to ₹10 lakh for small businesses
Stand-Up India: Loans for SC/ST/Women entrepreneurs
PMEGP: Upto ₹25 lakh for new businesses
Kisan Credit Card (KCC): Loans for farmers
