Loan comparison of L&T Finance Personal Loan vs ICICI Bank 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 employees:

Identity proof: Passport, driving licence, PAN card and/or voter’s ID card

Address proof: Latest utility bill, Leave and Licence Agreement and/or passport

Last three months’ salary slips and bank statements

Two passport-size photographs.

For self-employed individuals:

KYC documents: Identity proof, residence proof and date of birth proof

Address proof: Latest utility bill, passport and Leave and Licence Agreement

Income proof (that includes audited books for the last two years)

Last six months’ bank statements

Last two years’ audited financials

Office address proof

Proof of office or residence ownership

Proof of business continuity