Affidavit for Bank Loan — Format, Documents & Process

Applying for a bank loan in India? You'll almost certainly be asked for an affidavit — whether it's for KYC, address proof, income verification, or ownership declaration. Banks are strict about documentation, and a single missing affidavit can delay your loan by weeks.

In this guide, we'll cover exactly which affidavit you need for a bank loan, the format, documents required, and how to prepare one in under an hour.

Why Do Banks Need an Affidavit?

Banks use affidavits to legally verify information that can't be confirmed through standard documents. Common reasons include:

• Address proof — When you don't have a utility bill in your name
• Income declaration — For self-employed applicants without formal ITR
• Name mismatch — When your name differs across documents
• Ownership declaration — For property-backed loans
• No-dues declaration — Confirming you don't have other loans
• Legal heir declaration — For joint or inherited property loans

Types of Bank Loan Affidavits

Bank Affidavit Format (Sample)

Here's the standard structure banks typically accept:

1. Header: "Affidavit" on non-judicial stamp paper.
2. Deponent details: Full name, father's name, age, address, and occupation.
3. Loan details: Loan type, amount, and branch.
4. Declaration: The specific fact you're declaring (income, address, ownership).
5. Verification clause: "I declare the above statements are true to the best of my knowledge."
6. Signatures: Deponent, Notary, and two witnesses.

Stamp Paper Value for Bank Affidavits

For detailed state-wise rules, read our Stamp Paper Guide.

Documents Required Along with the Affidavit

• Aadhaar card & PAN card
• Passport-size photographs (2)
• Last 3 months' salary slips or ITR (for income affidavit)
• Last 6 months' bank statements
• Utility bill or rent agreement (for address affidavit)
• Property documents (for property-backed loans)
• Two witnesses with valid ID

How to Make a Bank Loan Affidavit — Step by Step

1. Ask your bank for the format. Most banks specify the exact affidavit format they accept.
2. Download a compatible template. Use our free bank affidavit format if the bank doesn't provide one.
3. Print on stamp paper. Buy the correct value non-judicial stamp paper for your state.
4. Fill in details carefully. Match all spellings with your Aadhaar and PAN.
5. Visit a Notary Public. Sign in the presence of the notary with two witnesses.
6. Submit to the bank. Provide the original notarized affidavit plus a photocopy.

Common Mistakes to Avoid

• Using the wrong format. Banks often reject generic affidavits — always check their template.
• Spelling mismatches. Names must match your PAN and Aadhaar exactly.
• Signing before the notary. Signature must be witnessed in person.
• Wrong stamp paper. Insufficient stamp value leads to rejection.
• Missing witness signatures. Two witnesses are mandatory.
• Expired ID proof. Always carry valid, non-expired ID.

Cost of a Bank Loan Affidavit

Popular Affidavits for Loan Applications

Frequently Asked Questions

Final Thoughts

A bank loan affidavit is one of the easiest steps in the loan process — but only if you use the right format, the correct stamp paper, and get it notarized properly. Ask your bank for their preferred format, fill it carefully, and get it notarized within a day.

At AffidavitFormat.com, our bank affidavit format is accepted by most major banks across India.