InvestorQ : How can I avail any types of loan from any bank?
Samson made post

How can I avail any types of loan from any bank?

Answer
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Tixar Gupta answered.
1 year ago


Procedure is different for different loans.
There are different types of loans.
Housing loan- For construction or purchase of house
Vehicle loan- For purchase of a new or used Vehicle
Personal loan- For personal need (Against Salary or Property)
The requirements are your KYC documents, Income Tax Returns and Good Credit score. For Housing loan, the land where the house is proposed to be built or purchased is also mortgaged to bank. Banks require legal report from the panel advocate reqarding the eligibility of the land for mortgage ti be put through.
Public sector banks require ITR for the past three years whereas private sector banks usually require only one year ITR.