Is there a lot of documentation for such loan

There are a few specific documents that have to be produced by the borrowers when they are taking such loans. This is essential because of the fact that these documents will help the bank in knowing that the borrower can repay a specific amount of funds and once this is done then the loan can be given. As long as the documentation is present then there is no problem. There is a list of documents that are standard in nature and which can be submitted so there is not much problem and this does not require any special effort too.