Personal Loan Documents List
A personal loan is a loan that does not require collateral or security and is offered with minimal documentation. You can use the funds from this loan for any legitimate financial need. Like any other loan, you must repay it in accordance with the agreed terms with the bank.
Individuals aged between 21 to 60 years. This includes individuals who are self-employed, entrepreneurs and salaried. CIBIL score must be 750 or above.
A personal loan is an amount of money you can borrow to use for a variety of purposes. For instance, you may use a personal loan to consolidate debt, pay for home renovations, or plan a dream wedding. Personal loans can be offered by banks, credit unions, or online lenders.
Personal Loan Documents List
When applying for a personal loan, you will need to submit the following documents:
- PAN Card
- Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
- Signature Proof (Passport, PAN card, etc.)
- Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID, ration card, rent agreement, etc.)
- Bank statements of the past 6 months
Additional Personal Loan Documents for Salaried
- Salary slips for the last three months
- Income tax returns OR form 16
Additional Personal Loan Documents for Self-Employed
- Balance sheet and profit and loss account, income computation for the last 2 years
- Income Tax Returns for the last 2 years
- Business proof (License, registration certificate, GST number)
- IT Assessment OR Clearance Certificate
- Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
You can download the Personal Loan Documents List PDF using the link given below.
