When applying for a maid loan, the bank will ask for a copy of your NRIC or passport. This is a standard procedure and is done to verify your identity.
Other documents you may be asked for include proof of residence and employment, bank statements, and payslips. So make sure you have all these documents ready when you apply for your loan.
Proof of employment, such as an employment contract or recent payslip
When you’re applying for a maid loan, the bank will need to see proof that you’re employed. This can be in the form of an employment contract or a recent payslip.
If you’re self-employed, you’ll need to provide a copy of your business registration certificate and your latest income tax return.
The bank will also need to see documents proving your identity and address. So make sure you have copies of your passport, driving license, and recent utility bills or bank statements handy.
Bank statements for the past 3 months
When you’re applying for a maid loan, the bank will ask for your bank statements for the past three months. This is to verify that you have a steady income and that you’re able to repay the loan.
So make sure you have your bank statements ready when you apply. If you don’t have them handy, you can always go to your bank’s website and download them as a PDF or print them out.
A signed letter of authorization from your employer
You’re going to need a signed letter of authorization from your employer. This letter needs to confirm that you are an employee of the company and that you’re allowed to take out a loan.
Your employer will also need to confirm your job title and salary and how long you’ve been employed with the company.
They’ll also need to provide contact information for someone at the company who can answer questions about your employment status.
If you’re self-employed, you’ll need to provide bank statements and tax returns from the past two years. And if you’re retired, you’ll need proof of pension income.
Maid’s passport and work permit (if applicable)
Here’s a list of the documents you’ll need to get a maid loan: Your passport and copies of all the pages with proof of address (recent utility bill or bank statement).
Maid’s passport, copies of all the pages, a work permit (if applicable), and copies of all the pages. Finally, a recent salary slip or an employment contract with a photocopy of your ID
Conclusion
You will need to provide some documentation to get a maid loan. This could include your identification, residence proof, and bank statements.
Make sure you have all the necessary documents ready before starting the application process.