Documents Required for Personal Loan Application

Personal Loan Documents

The list of documents provided below is only indicative and exhaustive. These documents differ from bank to bank and it is at the discretion of the bank as to what documents they require from each person. When an old customer is holding an account with a particular bank for more than 10+ years obviously the trust they have in him/her will be more and hence documents asked will be less and scrutiny will be also less. But the case with a new customer who is requesting a personal loan is different. In such cases, the scrutiny is higher and hence the documents that will be asked of such people will be more dependent upon the bank.

Personal Loan Documents for Salaried Person

  • Duly filled Loan application form
  • 3 to 5 recent passport size photographs
  • Age proof (like PAN Card, passport, or 10thstd marks sheet)
  • Address proof (Passport, Aadhar Card, Driving License, Election Card, or Electricity Bill)
  • ID proof (PAN Card, Aadhar card, DL, election card, Passport, etc.,)
  • Salary slip or Pay Slip of the last three to four months (Latest)
  • Bank statement of the last 6 to 8 months (Salary account statement)
  • Employment proof like a letter on an official letter pad from the organization and the employee ID

Personal Loan Documents for Self-Employed

  • KYC Documents: identity proof, address proof, age proof
  • Residence proof: rental agreement, gas bills, electricity bill not older than three months. If the passport has the permanent address, it can also be provided
  • Personal bank account statement of the last 6 to 8 months
  • Company account bank statement of the latest 6 to 8 months
  • Office registration documents
  • Proof showing that the business is in existence.