Personal loans | Vlend | Bangalore

Personal Loan

A personal loan is a collateral-free loan, that you do not have to provide any asset as security to the bank/NFBC. The loan amount is quickly dispersed within 48 hours of loan approval. Interest rate starts at 10.99%, which is much cheaper than other unsecured loans like credit cards, where rates can be as high as 36%. The tenure is flexible, between 1 year and 5 years. The loan application process is completely online and there is only minimal paperwork involved.

Building Better
Financial Future

The ultimate goal of saving is to reach financial independence

Business Loans up to ₹ 2 Crore

Fast Business Loan Processing

ELIGIBILITY PARAMETERS

Fast Turnaround Time

No collateral required

Flexible Repayments

Extended Loan Tenure

SELF - EMPLOYED

CRITERIA

Age

25 - 65

Annual Income

Rs. 1 Lac P.A

Annual Turnover

Years In Business

Rs. 1 cr

1 Yr

DOCUMENTS REQUIRED

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Passport size coloured photograph ( applicant and co-applicant )
Photo Identity Proof ( applicant and co-applicant )
Pan Card*
Adhaar Card*
Passport
Driving License
Voter ID

Applicant Residence Address Proof & Office Address Proof: Any one from the following
Latest 2 months Landline telephone bills
Latest 2 months Post paid Mobile bills
Gas bill with bond
Banker’s verification/ Passbook with stamp on photograph along
with applicant’s signature
Valid rental agreement & latest agreement bill
Property ownership proof: Any one from the following
Property Documents
Electricity Bill
Water Bill
Tax paid receipt
Water Bill
Tax paid receipt
Business Existence proof: Vat Registration license Or Service Tax Registration License + GST Registration Certificate. ( Minimum should be 3 years).
GST Monthly 3B Returns ( Latest 6 months or 1 year to till date)
Income Proof: ( IT returns complete set of latest 2 years along with 3CB & 3CD)
Bank statement:
All savings banks statements of the applicant (6 months - till date)
Company All current a/c’s bank’s statements (6 months - till date, C C A/C, OD A/C)
C C A/C & OD A/C sanction letter
DETAILS OF ALL EXISTING LOANS: Please submit sanction letter, Payment Track Record.
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Passport size coloured photograph ( applicant and co-applicant )
Photo Identity Proof ( applicant and co-applicant )
Pan Card*
Adhaar Card*
Passport
Driving License
Voter ID
Company Pan Card
Partnership Deed
Residence and Office Address Proof: Any One from the following ;
Latest 2 months Landline Telephone bill
Latest 2 months Post Paid Mobile Bills
Gas Bill with Bond
Banker’s Verification/ Passbook with stamp on photograph along
with applicant’s signature
Valid rental agreement and latest electricity bill
Property Ownership Proof: Any One from the following:
Property Documents
Electricity Bill
Water Bill
Property Tax paid receipt
Business Existence Proof: Vat Registration License or service Tax Registration License + GST Registration Certificate. ( Minimum should be 3 years old)
GST Monthly 3B Returns. ( Latest 6 months or 1 years to till date )
Income Proof: ( IT returns complete set latest 2 years along with 3CB & 3CD with Audit Report.)
Bank Statement: All savings banks statements of the applicants ( 6 months - till date)
Company All current a/c’s bank’s statements ( 6 months - till date, C C A/C, OD A/C.)
C C A/C, OD A/C: sanction letter
DETAILS OF ALL EXISTING LOANS: Please submit sanction letter, Payment Track Record.
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Passport size coloured photograph ( applicant and co-applicant )
Photo Identity Proof of all directors: Any two from following:
PAN Card*
AADHAR Card*
Passport
Driving License
Voter ID
Company PAN Card.
Incorporation certificate with MOA & AOA.
Latest form 20B and share holding patterns.
Applicant Residence Address Proof & Office Address Proof: Any One from the following;
Latest 2 months Landline telephone bill
Latest 2 months Post Paid Mobile Bills.
Gas Bill with Bond
Banker’s Verification/ Passbook with stamp on photograph along
with applicant’s signature.
Valid rental agreements and latest electricity bill
Property Ownership proof of all directors: Any one from the following:
Property Documents
Electricity Bill
Water Bill
Property Tax paid receipt
Business Existence Proof: VAT Registration license Or Service Tax Registration License + GST Registration Certificate. ( Minimum should be 3 years old )
GST Monthly 3B returns. ( Latest 6 months or 1 year to till date)
Income Proof : Company IT returns & individual ITR of all directors, complete set of latest 2 years along with 3CA & 3CB and Annexure ‘A’ schedules required
Bank statement:
All savings banks statements of the applicants ( 6 months - till date)
Company all current a/c’s bank’s statements ( 6 months - till date, C C A/C, OD A/C)
C C A/C, OD A/C sanction letter
DETAILS OF ALL EXISTING LOANS: Please submit sanction letter, Payment Track Record.
Visiting card.

Personal Loan

Building Better
Financial Future

ELIGIBILITY PARAMETERS

SELF - EMPLOYED

CRITERIA

Age

25 - 65

Annual Income

Rs. 1 Lac P.A

Annual Turnover

Years In Business

Rs. 1 cr

1 Yr

DOCUMENTS REQUIRED

Latest 6 months bank statement ( where salary/income is credited )

Proof of Office - Lease deed / Utility bill / Muncipal tax receipt / Title deed ( any one )

3 Latest salary slips

Last 2 years ITR with computation of income / CA certified financials

Proof of turnover ( Latest Sales / Service tax returns )

Proof of Continuity of the current job - Form 16 / Company appoinment letter

Proof of Continuity of the current position - IT returns / Shop establishment / Sales tax returns /Service tax returns / SSI certificate / Import and Export license

Proof of identity - Passport / Driving licence Voters ID / PAN card / Photo credit card / Employee card (any one)

Proof Of Residence - Ration card / Utility bill / LIC policy receipt ( any one )

Proof of Qualification - Highest Degree ( for Professionals / Govt employees )

Residence / Office ownership proof - Electricity bill , Share Certificate Agreement ( if pagdi ) (any one)"

If Pvt ltd Firm - MOA & AOA , ROC , Annual returns , Auditor's report, Director's report , Share Holding Pattern , 3CB & 3CD"

If Partnership Firm - Partnership deed

Proprietorship company

Partnership Company

Private limited company

INTRESTED IN LEARNING MORE?

Personal Loan

Building Better Financial Future

ELIGIBILITY PARAMETERS

SELF - EMPLOYED

CRITERIA

Age

25 - 65

Annual Income

Rs. 1 Lac P.A

Annual Turnover

Years In Business

Rs. 1 cr

1 Yr

DOCUMENTS REQUIRED

Latest 6 months bank statement ( where salary/income is credited )

Proof of Office - Lease deed / Utility bill / Muncipal tax receipt / Title deed ( any one )

3 Latest salary slips

Last 2 years ITR with computation of income / CA certified financials

Proof of turnover ( Latest Sales / Service tax returns )

Proof of Continuity of the current job - Form 16 / Company appoinment letter

Proof of Continuity of the current position - IT returns / Shop establishment / Sales tax returns /Service tax returns / SSI certificate / Import and Export license

Proof of identity - Passport / Driving licence Voters ID / PAN card / Photo credit card / Employee card (any one)

Proof Of Residence - Ration card / Utility bill / LIC policy receipt ( any one )

Proof of Qualification - Highest Degree ( for Professionals / Govt employees )

Residence / Office ownership proof - Electricity bill , Share Certificate Agreement ( if pagdi ) (any one)"

If Pvt ltd Firm - MOA &amp; AOA , ROC , Annual returns , Auditor's report, Director's report , Share Holding Pattern , 3CB &amp; 3CD"

If Partnership Firm - Partnership deed

Proprietorship company

Partnership Company

Private limited company

INTRESTED IN LEARNING MORE?

Building Better
Financial Future

If Pvt ltd Firm - MOA & AOA , ROC , Annual returns , Auditor's report, Director's report , Share Holding Pattern , 3CB & 3CD"