Networth Certificate of individual guarantor

Networth Certificate of individual guarantor is an official document certified by a chartered accountant. It provides detailed information of assets and liabilities of an individual. It is typically required for financial and legal use where a person acts as a guarantor and he will repay the loan and credit in case of any default. This certificate presents the overall financial position of an individual. To get your certificate of individual guarantor you need certain documents and steps to follow. Bizfoc can assist you in the procedure of getting your certificate of individual guarantor. Read this article to learn about the procedure, fee structure, documentation, format, etc.

Who is a Guarantor?

A guarantor is a person who guarantees to pay a borrower’s debt if they default on the loan obligation. They work as a guarantee on behalf of an individual. In other words, a guarantor involves helping someone else get credit, such as a loan or mortgage.

What is a networth certificate of an individual guarantor?

There are certain documents required for a double currency networth certificate. These documents includes:A networth certificate of individual guarantor is an essential document which shows all the assets and liabilities of the applicant. It presents the applicant's net worth without any misleading information. The role of guarantor is to work as a person who can repay the loan or credit in case of any default.

Bizfoc provides a guaranteed networth certificate of individual guarantor in just a single day. We charge ₹2500/- only as its fee. Our team will assist you throughout the process in document management.

Documents Required for Networth Certificate of individual guarantor

To obtain a Networth Certificate for Individual, the following are the documents you require:

• Identity card such as PAN Card, Aadhar Card, or any other
• Address proof such as Passbook, electricity bill, or any other
• Email, Phone Number or any other Contact Information
• For outlining income & expenses Income Statement is required
• For accurate assets & liability Balance Sheet is needed
• Bank statement to ascertain bank balance
• Property Documents for asset verification
• Investment Records for highlighting the current worth of all investment
• To provide a comprehensive account of liability, Loan Documents is needed
• To provide a comprehensive overview of income & tax obligation, Tax Returns is required
• Furniture and Electronic items considered only if valid bill is available
• Cash Detail (Cash in hand or Cash ledger)

What is the fee for a networth certificate of an individual guarantor?

The fee for a Networth Certificate of individual guarantor is just ₹2500/-. One can get their certificate by paying this amount and fulfilling other documentation processes. However, this certificate is required for various purposes such as while applying for bank loan, visa, demat account opening, etc.

How to get a networth certificate of an individual guarantor?

To apply for a Networth Certificate of individual guarantor, one need to follow these steps:

• Step 01: Hire a Chartered Accountant: To get your Networth Certificate of individual guarantor, you need to consult with a chartered accountant who can prepare this Certificate. Bizfoc has a team of qualified chartered accountants.
• Step 02: Documentation: After hiring a CA, he/she will assist you in gathering your documents for further processing. They will make sure if all the documents are accurate and up-to-date or not.
• Step 03: Fee Payment and Review: The next step is to pay a fee for the certificate, and then the CA will review your application and documents. The fee of Certificate of individual guarantor is just ₹2500/-.
• Step 04: Final Verification: After submitting the application, the CA will prepare and certify your certificate of individual guarantor upon successful verification. After final verification, you’ll get your Certificate.

Who certifies a networth certificate of an individual guarantor?

A networth certificate of an individual guarantor can be certified by a Chartered Accountant. No one other than that can issue this certificate. To get an authentic certificate, you should consult with a genuine personality. Bizfoc has a team of qualified Chartered Accountants. We provide excellent service in the field of networth certificates.

Networth Certificate Format for demat account 

A networth certificate is a document which includes all the assets and liabilities of an individual. It shows the overall financial position of an individual or a company. The format of networth certificate includes the following details: 

• Name of the applicant
• Date (when net worth is calculated)
• Networth Amount
• Place where the meeting is held 
• Name of accounting firm
• Date (When the certificate is certified)
• Asset detail
• Liability detail

Make sure all the information provided by the applicant is valid and appropriate. Incase of any mistake or false information certificate can be canceled. The detailed format of networth certificate is as follow:

NETWORTH CERTIFICATE

TO WHOM SO EVER IT MAY CONCERN

Net Worth Certificate of Name Primary Person__________ (Adhaar Number:__________) residing at ( Complete Adress)__________  as on (date)__________ is ₹ __________ & _______(in words). It is further certified that the computation of Net worth, based on my/ our scrutiny of the books of accounts, records and documents, is true and correct to the best of my / our knowledge and as per information provided to my / our satisfaction.

Detailed Bifurcation of Net worth are as follows:

This Certificate issued on the basis of documents submitted before us. This Certificate is issued for the purpose of ____________.

For Chartered Accountants

Partner Name

Partner

Membership No:

Date:

Place:

UDIN: 

Schedule A: Movable Assets

Schedule B: Immovable Assets

Schedule C: Liabilities

Why Choose Bizfoc?

Bizfoc has multiple years of experience working in this field. We provide authentic certificates to our clients. We will support you and guide you during the whole process. We provide the best guaranteed and pocket friendly price for your certificate. Consult with us now to get your certificate within 24 hours.

Conclusion

Networth Certificate of individual guarantor is a document stating the financial condition of the applicant. It includes a person who can act as a guarantee in case of any default. This certificate includes documents such as applicant contact information, bank statement, property documents, investment records, balance sheet, etc. Not only this it also includes contact information of a guarantor. The fee for the certificate of individual guarantor is ₹2500/-. You can consult with a Chartered Accountant as only he can issue and certify the certificate. To get your certificate you can connect with Bizfoc.

Frequently Asked Questions (FAQs)