NPA Loan

A Non-performing asset (NPA) is a credit facility in respect of which the interest and/or installment of Bond Loan principal has persisted ‘past due’ for a specified period of time. NPA is used by financial institutions that refer to loans that are in jeopardy of default the so-called NPL. Once the borrower has failed to make interest or principle payments for 90 days the loan is considered to be a non-performing asset. Non-performing assets are dubious for financial institutions since they depend on interest payments for income. Troublesome pressure from the economy can lead to a sharp increase in NPLs and often results in enormous write-downs.


  • Better and speedier realization
  • Transparency and visibility of informatio
  • Help from facilitators
  • Better efficiencies in the management
  • Improving Processes
  • Relying Less on Restructuring the Loans

Documents Required

Proof of individual’s identity (We also require same KYC of co-applicant)

ID Proof, (if any)
  • PANcard compulsion
  • Aadhar Card
  • Voter ID
  • Driving License
Residential Proof (any of two)
  • Ration Card
  • Electricity Bill (latest)
  • Water Bill (latest)
  • Landline Bill (last three months)

(Relationship proof to be taken, in case of no separate residential proof available).

Income Documents
For Salaried
  • Latest 1 month salary slip
  • Last 1 year form-16
  • 4 months salary slips in case of variable salary
For Business
  • Last 2 year ITR with CA certified or audited financial ITR.
  • Partnership firm last 3 years ITR.
  • Balance Sheet all scheduled and tax-audited report.
  • Copy of partnership and of partnership firm.
Banking Documents
For Salaried
  • Last 6 months banking showing salary credit.
  • Banking of other accounts from where EMI of loan are being repaid.
For Business
  • Latest 6 months banking of CC limit & customer current/saving accounts.
  • Banking of other accounts from where EMI of loan are being repaid.
Compulsory Documents
  • Office addresses proof to be taken as per policy.
  • 2 Passport size photographs.

Note - Above mentioned terms & conditions may change from time to time as per company’s policy without notice.

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S14, 2nd Floor, Zoom Plaze, L T Road, Borivali(West), Mumbai: 400092