6 month bank statement is sufficient. Only in rare cases where the borrower has many missed repayments in the past, we may need one year bank statement. This helps us check the eligibility of an applicant. The reason is that in any situation, it is essential to know whether a borrower can repay funds. We ask for a one-year statement if we don’t see something positive in a 6-month bank statement. But this is more to help you.