Ujjivan Small Finance Bank Personal Loan Document Requirements

When applying for a personal loan with Ujjivan Small Finance Bank, it's essential to be aware of the required documentation. Having the correct documents ready not only speeds up the application process but also increases the chances of your loan being approved. This article provides a detailed guide on the documents you need to submit when applying for a personal loan with Ujjivan Small Finance Bank.

1. Proof of Identity

Your identity proof is crucial for verifying your personal details. Ujjivan Small Finance Bank accepts a range of documents for this purpose:

• Aadhaar Card: One of the most common forms of identification.
• Passport: Useful for those who frequently travel or hold it as a primary ID.
• Voter ID: This can also be used as proof of citizenship.
• PAN Card: While primarily used for tax purposes, it is also accepted as proof of identity.
• Driving License: Serves both as proof of identity and address in some cases.

2. Proof of Address

To confirm your residence, you'll need to provide valid proof of address. The following documents are accepted by Ujjivan Small Finance Bank:

• Aadhaar Card: Often used as both identity and address proof.
• Utility Bills: Recent electricity, water, or gas bills (typically from the last three months).
• Rent Agreement: If you're renting, a registered rent agreement can serve as address proof.
• Passport: Like the Aadhaar card, it can be used for both identity and address proof.
• Voter ID: Also accepted as proof of address.
• Driving License: If your current address is on it, this can be used.

3. Proof of Income

Proof of income is required to assess your ability to repay the loan. Ujjivan Small Finance Bank generally asks for:

• Salary Slips: For salaried individuals, the last three months' salary slips are required.
• Bank Statements: Typically, bank statements for the last six months showing salary credits or business income.
• Income Tax Returns (ITR): For self-employed individuals or business owners, ITRs for the last two years are required.
• Form 16: Issued by your employer, this form summarizes your salary and tax details.

4. Employment Proof

Ujjivan Small Finance Bank requires documentation to confirm your employment status. These can include:

• Employment Certificate: A certificate from your employer stating your designation, duration of employment, and salary.
• Offer Letter or Appointment Letter: If you're newly employed, this can be used as proof of your current employment.

5. Photographs

Recent passport-sized photographs are required. Ensure that these are recent (usually taken within the last six months) and meet the bank's specifications.

6. Other Required Documents

Depending on the loan type and your profile, additional documents may be requested by Ujjivan Small Finance Bank. These can include:

• Loan Application Form: A duly filled and signed application form.
• Processing Fee Cheque: Some banks require a cheque for the processing fee.
• Signature Verification Proof: This could be a banker's certificate or a signed cheque.
• Foreclosure Letter: If you're transferring a loan from another bank, a foreclosure letter from your previous lender will be necessary.

7. Additional Notes

For specific cases such as agricultural loans or loans against property, the bank might require further documentation. It's always a good idea to check with the bank beforehand to ensure you have everything in order. Having all the documents ready not only facilitates a smooth loan process but also helps avoid any last-minute hassles.

8. Conclusion

Submitting the correct documents is a critical step in securing a personal loan with Ujjivan Small Finance Bank. Ensure that all your documents are up-to-date, valid, and in the required format. This preparation will help you in getting your loan approved quickly and with minimal issues.

In summary, having a checklist of these documents can save time and ensure a smooth application process. Double-check everything before submitting, and don't hesitate to contact the bank if you need clarification on any document requirements.