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List of Documents required for Personal Loan

Personal loans can be a great source of cash for individuals who are in need of funds for personal reasons such as weddings, educational requirements, personal expenses, utility bills payments, etc. When Applying for a Personal Loan, customers are requested to furnish a certain set of documents. The documents required by the bank will depend upon whether the applicant is a salaried person or a self-employed individual.

List of Documents Requested of Salaried Employees

Proof with photo identity

Any one of the following:

• Passport
• Voter’s ID
• PAN Card
• Driving License

Proof of residence

Any one of the following:

• Passport
• Utility Bill
• Ration Card

Proof of ownership of residence

Any one of the following:

• Property documents
• Electricity bill
• Maintenance bill

Proof of income

• Salary slips for the last three months along with Form 16

Proof of job continuity

Any one of the following:

• Employment certificate from the current employer
• Certificate of experience (relieving or appointment letter from the previous employer along with job certificate)
• Appointment letter from the current employer (if employment period exceeds two years)

Bank statement for the previous six months where the salary has been credited

Proof of investment (if any): such as fixed assets, shares, fixed deposit, etc.

One passport size photograph (colour)

List of Documents for Self-Employed Individuals

Proof of photo identity

Any one of the following:

• Passport
• Voter’s ID
• PAN Card
• Driving License

Proof of residence

Any one of the following:

• Passport
• Utility bill
• Ration card

Proof of residence ownership

Any one of the following:

• Maintenance bill
• Property documents
• Electricity bill

Proof of office address

Any one of the following:

• Maintenance bill
• Property documents
• Utility bill

Proof of office ownership

Any one of the following:

• Maintenance bill
• Property documents
• Electricity bill

Proof of business existence

Any one of the following:

• Tax registration copy
• Three years old Saral copy
• Company registration license
• Shop establishment act

Proof of income: Income tax returns for the previous two years inclusive of Computation of Income, audit report, balance sheet, profit and loss account, etc.

Bank statement: Savings and current bank statement for the past one year.

Proof of investment (if any): Investments such as fixed assets, fixed deposits, and shares.

One passport size photograph (colour).