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Unsecured Loan Document Checklist
Scotia Loan Plan / Auto / Other
Documents required for any loan application
- One (1) Valid unexpired national photo identification
- Tax Registration Number (TRN)
- One (1) valid proof of address (deed, recent utility bill, tax assessment or financial institution/bank statement)
- Salaried Individuals: Letter of employment and Pay slip(s) showing the most recent full monthly income
- Commissioned Income: Letter of employment and last 6 months pay slips
- Self Employed Individuals:
- Business registration / License, and most recent Annual Return (as applicable), and
- Income documents, e.g., Income Tax Returns (last 2 years) or Audited Financial Statements (last 2 years), and six (6) months bank statements - Proof of assets in the name of the Borrower: Statements showing investments or bank statements, copy of land title or Motor vehicle title, Pension Statements, Last valuation of property (as applicable)
- Proof of Liabilities in the name of the Borrower: Credit card, Loan or Mortgage statement (as needed)
Additional Documents needed to apply for an Automobile Loan
- Source of down payment – account statement, letter signed by donor& borrower if it is a gift
- Sales invoice
- Import Entry documents from car dealership
- Copy of motor vehicle title (individually owned)
- Concession & trade board letter – if applicable
- Valuation report (used or individually owned)
Other requirements
- Comprehensive insurance policy assigned in favour of the bank
- Evidence of application processing fees
- Transferred motor vehicle registration, receipt from tax office evidencing transfer