Insurance Policy

Loan insurance is a type of financial product that assists with loan repayment in the event of an unforeseen occurrence such as job loss, partial or permanent disability, or sudden death. In such cases, a loan insurance helps you in avoiding loan default and protects your family from the burden of loan repayment.
TFL extends loans with a loan insurance cover, but it is up to the borrower to buy the policy cover or reject it. There are several advantages to buying a loan protection insurance plan such as:

In the case of unfortunate events such as job loss, accidental death or temporary disability, loan insurance plans reduce a borrower’s outstanding loan, and protect his or her monthly loan payments.
With a loan protection insurance plan, the borrower’s family will not be burdened with a sudden financial obligation to repay the loan.
Some loan protection insurance plans can provide tax benefits under Section 80C.
Some loan insurance policies have money-back plans where the buyer receives a certain amount at the end of the plan.

Property Documents Required For Loan Insurance:

NOC from Society/Builder
A detailed estimate of the cost of construction of the house
Registered Sale Deed, Allotment Letter, or Stamped Agreement of Sale with the Builder (original document)
Occupancy Certificate (in case of ready-to-move-in properties)
Property Tax Receipts, Maintenance Bills, and Electricity Bills
Receipts of the advance payments made towards the purchase of flat (original document)
An approved copy of the building plan (key plan/floor plan in case of purchase of flats)
Original of the land tax paid receipt and possession certificate as issued by the revenue authority
Payment receipt or bank account statements showing payments made to the Builder or Seller
For Terms and Conditions, please contact the D.M.A. TFL

Proof of Age: (Any one of the below)

Aadhaar Card
PAN Card
Passport Birth Certificate
10th Class Mark sheet
Bank Passbook
Driving License

Proof of Residence: (Any one of the below)

Bank Passbook
Voter’s ID
Ration Card
Passport
Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill
LIC Policy Receipt
Letter from a recognized public authority verifying the customer’s address.

Income Documents

For Salaried Individuals: Form 16
Certified letter from Employer
Payslip of last 2 months
Increment or Promotion letter
IT returns of past 3 years
Apart from the proof of income of the salaried individual, he would also have to furnish any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.
Self Employed: Income Tax Returns (ITR) of last 3 years
Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)
Business License Details (or any other equivalent document)
The license of Professional Practice (For Doctors, Consultants, etc.)
Registration Certified of Establishment (For Shops, Factories & Other Establishments)
Proof of Business Address
File Charges 3880.00/- (Security Amount) will be refunded three thousand with the loan amount & DOCUMENTARY FEES:- 880(NON- REFUNDABLE)

Women Group Loan

I have taken Instant personal loan from here for which processing time was very less. Customer support executives were really helpful who guided me throughout the process.

Rakesh Sharma Customer

Its a simple process that includes filling the online form present on their website and providing them your documents. And if you are eligible you will get a msg within a few minutes

Akshay Customer

The process was very simple and completed online. Additionally the documentation process was completed only with some basic documents which include Id proof, Address proof, payslip, and bank statements.

Anshuman Gupta Customer