Credit Information Bureau (India) Limited or CIBIL Eligibility Documents EMI Loans
What is an EMI?
An EMI, equated monthly installment, is the amount of money to be paid to the bank or lender on a monthly basis. It consists of the principal amount and the interest on said amount, equally divided by the number of months in the loan tenure. The EMI is paid on a fixed date of the month until the full amount has been repaid. Calculating your EMI in advance can help you plan your budget, because you will know exactly how much money to pay each month.
| DOCUMENTS REQUIRED | PERSONAL LOAN | CREDIT CARD | AUTO LOAN | HOME LOAN |
| Latest Credit Score & CIR* |  | | | |
| Bank Statement | | | | |
| KYC docs (identity, signature & address proof) | | | | |
| Registration Papers | | |||
| Income Statement (such as salary slip) | | | | |
| Property Papers | | |||
| Last 3 years IT return | (for self-employed only) | (for self-employed only) | |
No matter what anyone tells you, getting a loan can be a complicated process. It can be almost scary if you've never been through it before. Relax... The Loan Application Chart tries to take some of the mystery out of the loan application process and helps bring you one step closer to your dream home, car or funding your child's education. The Chart tells you what to expect at every step. We help you understand how banks work, the steps they take before deciding to accept or reject your loan.
CIBIL helps provide the tools and know - how to pave the way to the financial security and freedom you've always dreamt of.
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