Loan comparison of L&T Finance Personal Loan vs CitiBank Personal Loan

ID Proof: Pan Card, Aadhaar Card, Passport, Driver's License, Voter's ID

Address Proof: List of OVDs: Aadhaar Card, Passport, Driving License, Voter's ID

List of Deemed OVDs: Utility bill of any service provider not more than two Months old [Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill], Property or Municipal Tax Receipt; Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address

Letter of allotment of accommodation from the below employers issued by and Leave and License agreements with below employers:

a. State Government or Central Government Departments,

b. Statutory or regulatory bodies

c. Public sector undertakings

d. Scheduled commercial banks

e. Financial institutions and f. Listed companies.

• Rent Agreement [However, it has be coupled with any one of the above four Deemed OVD documents]

• Note: In case of Deemed OVDs submitted as address proof you are required to submit an OVD updated with your Current Address within a period of 3 months of submitting the deemed OVDs documents]

Proof (if required):

• Salaried – Latest 3 month's Salary Slips / Latest Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate

• Self Employed - Latest Income Tax Return (ITR)

• Bank Statement - Last 3 month's statement is mandatory

• Residence Ownership Proof - Not mandatory

For Salaried Individuals and Self-employed Individuals, the basic docs are: 

* PAN Card/Aadhaar Card/Driving License/Voter’s ID/Passport/Photographs 

* Utility bills from the past 3 months/Ration card/Rent agreement or lease deed or property registration document

* Bank account statement for the past 3 months 

* Latest income tax returns 

* School or College Leaving Certificate/Company ID 

* Letter from employer/Form 16/payslips 

Additional docs required for Self-employed Individuals are: 

* Trade License with photograph 

* Rent receipts or lease deed

* Ownership document 

* Profit and Loss account

* Past 2 years Income tax returns

* Balance sheet

* Bank statement for the past 6 months

* Audit report