What documents do I need for Apply Loan?

For Basic Salary (Fixed Salary & Allowance)

If you are working under a Company with the fixed salary income every month, you have to ready the following documents to apply for your bank loan:

Payslip (3 Mths Latest)
Bank Statement (3 Mths Latest)
EPF Statement (Latest 2 Years for working more than 2 Years)
EA Form (Latest 2 Years for working more than 2 Years, Require from HR)
Income Tax Statement (Latest 2 Years with working more than 2 Years and salary more than RM3000, Require from LHDN)
Any Supporting Document (Eg: Fixed Deposit (FD), Saving Proof, Rental Income)

For Basic Salary (Non Fixed Allowance, Commission, Overtime)

If you are working under a Company with the fixed basic income every month and with Non Fixed Allowance, Commission or Overtime (OT), you have to ready the following documents to apply for your bank loan:

Payslip (6 Mths Latest)
Bank Statement (6 Mths Latest)
EPF Statement (Latest 2 Years for working more than 2 Years)
EA Form (Latest 2 Years for working more than 2 Years, Require from HR)
Income Tax Statement (Latest 2 Years with working more than 2 Years and salary more than RM3000, Require from LHDN)
Any Supporting Document (Eg: Fixed Deposit (FD), Saving Proof, Rental Income)

For Own Business (Enterprise)

For Own Business Owner with SSM under Enterprise, for the loan Application, you have to get ready with the following Documents:

SSM Certificate (The date of the business must be more than 3 Years) to prove that you are the business owner of the company.
Bank Statement (Bank Statement must be tally with the SSM Provided)
Income Tax Statement (Must be at least 2 Years of the Income Tax reported)
Good Ccriss Report (2 Years Mins)

For Own Business (Sdn. Bhd. & Bhd.)

For Own Business Owner with the SSM under Sdn. Bhd, or Bhd., for the loan Application, you have to get ready with the following Documents:

SSM Certificate (The date of the business must be more than 3 Years) to prove that you are one of the shareholder (with the % of share).
Bank Statement (Bank Statement must be tally with the SSM Provided)
Income Tax Statement (Must be at least 2 Years of the Income Tax reported)
Own Income Tax Statement (Latest 2 Years)
Good Ccriss Report (2 Years Mins)

Conclusion

In conclusion, you have to get ready with the full set documents for your loan application. Different Bank have the different documents needed for the loan application. Look for the respective agent or banker for that to clarify for the documents need for the loan application.

Others than the Documents, Loan application is not only depend on your full set documents, it also depend on the salary, Paying Behavior(Ccriss or Ctos Report), Age, working position, Location of Working, DSR, NDI, and others.

Have a Good Day!!!

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