If you are a salaried person, below are some of the vital documents that you need to submit:

• Valid photo identity
• Proof of current residence
• 3 latest salary slips
• Form 16
• Bank statements of the last six months
• Proof of ownership of property
• Letter: You need to submit a formal written application to your prevailing lender notifying them about the loan transfer and requesting for a letter of consent.
• – No Objection Certificate: Your present lender is required to issue you a No Objection Certificate that states that your current lender that is the bank or financial institution has no issues transferring your loan and the outstanding amount to the new lender.
• Agreement: Loan agreement or sanction letter from the existing lender is mandatory for a loan balance transfer

If you are a self-employed professional or businessman the documentation required may vary a little. Following are some of the vital documents required:

• Application form with a photograph attached
• Valid photo identity
• Proof of current residence address
• Evidence of business, Certificates of educational qualifications (for professionals)
• If you are a self-employed professional you need to submit the last 3 years IT returns (self and business), Last 3 years Balance Sheets and P&L statements
• If you are a businessman you need to submit a business profile, Last 3 years IT returns (self and business), Last 3 years Balance Sheets and P&L statements
• Bank statements of the last six months
• Proof of ownership of property.
• Consent Letter: You need to submit a formal written application to your prevailing lender notifying them about the loan transfer and requesting for a letter of consent.
• NOC – No Objection Certificate: Your present lender is required to issue you a No Objection Certificate that states that your current lender that is the bank or financial institution has no issues transferring your loan and the outstanding amount to the new lender.
• Loan Agreement: Loan agreement or sanction letter from the existing lender is mandatory for a loan balance transfer.