Produce identify and income proof to get personel loan
August 29th, 2008 . by adminUsually personel loan is provided for period of one to five years and it will mainly depend upon the rules and regulations of different banks. But in almost all banks, the repayment mode for loans will be same. It is calculated on an equated monthly installments basis shortly known as EMI. While applying for personel loan, you must give your proof of identity like passport, driving license or voter identity card. With your residence address you should produce the income proof also. If you are an employed person, then you can show the salary slip and if you are self employed, then you must produce the income tax returns.
