What are basic 5 documents required for loan?

There are several documents that are typically required when applying for a loan. These documents may vary depending on the type of loan you are seeking and the lender's specific requirements. Here are five common documents that you may be asked to provide when applying for a loan:

1. Proof of identity: You may be asked to provide a government-issued identification document, such as a driver's license or passport, to verify your identity.

2. Proof of income: Lenders will typically want to see evidence of your income, such as pay stubs, tax returns, or bank statements, to determine whether you can afford the loan payments.

3. Credit history: Lenders will often review your credit history to assess your creditworthiness. You may be asked to provide copies of your credit reports or authorization to access your credit history.

4. Collateral: Depending on the type of loan, you may be asked to provide collateral, such as real estate or a vehicle, to secure the loan.

5. Other financial documents: Depending on your situation, you may be asked to provide other financial documents, such as proof of employment, proof of insurance, or statements from your bank or other financial institutions.

It's important to be prepared to provide all of the necessary documentation when you apply for a loan to ensure that the process goes smoothly and your application is approved in a timely manner.