First off, let’s understand the role of ITR records in order to get a home loan, personal loan, business loan. All banks and financial institutions that offer secured loans against collateral and securities usually require ITR records in order to approve the loan application. There are minimum requirements for salary and income tax categories that you must fulfil to be eligible for a loan, and these criteria usually vary from bank-to-bank. It is important to note that other factors like age, credit score, credit history, and loan tenure also help the bank in deciding the loan eligibility of the customer.

When you apply for personal loan as a self employed or business loan or any other loan, it is mandatory to have filed ITR in previous years. Banks and NBFCs will give you loan if you have filed ITR of minimum 2 years. Some banks and finance companies may require you to submit ITRs of minimum 3 years. Your monthly income is evaluated on the basis of submitted ITRs which help in determining your repayment capacity.

KYC Documents
Home related documents
Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
Bank Statement for the last 6 months for the Savings Account & Current Account,
Copy of either Shop & Establishment License / VAT Registration or GST registration any other mandatory license / Registration
Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
Copy of Tax Deduction Certificate / Form – 16A (if applicable)
Details of Contract (if applicable)
Copy of Advance Tax paid / Self Assessment Tax paid challan
Copy of Educational Qualification Certificate
Copy of Professional Practice Certificate
Salary Certificate (in case of doctors having salaried income)

Rashan Card
Electricity Bill
Mobile Bill
Land Line Bill
Passport
Mool Niwas Patra
House Tax Slip
Water Bill Gas Bill
Aadhaar Card

Pan Card ( Compulsory )
Aadhaar Card ( Compulsory )