Personal Loan Documents You'll Need & How To Check Eligibility Fast

New Delhi- A Personal Loan is one of the most flexible financial solutions for individuals looking to cover expenses such as medical bills, home renovations, higher education, or even travel plans. Since it is an unsecured loan, lenders need to carefully verify the borrower's identity, income, and repayment capacity before disbursing funds. Understanding the documents required for a Personal Loan and using a Personal Loan and eligibility calculator can make your journey much easier.

Why Proper Documentation Matters

Unlike secured loans, a Personal Loan does not require collateral. Therefore, your eligibility depends heavily on your income, repayment history, and financial profile. Submitting the correct set of documents ensures that your application is assessed without unnecessary delays. While the requirements may vary depending on whether you are salaried or self-employed, the general checklist remains consistent.

List of Documents Required for a Personal Loan

Here is a detailed guide on the documents typically needed:

1. Identity Proof

Any one of the following:

. PAN Card (mandatory)

. Aadhaar Card

. Passport

. Driving Licence

. Voter ID

. Job card issued under NREGA

Letter from the National Population Register containing name and address details

2. Address Proof

Acceptable documents include:

Latest utility bill not older than 2 months (electricity, water, piped gas, post-paid mobile, telephone)

. Aadhaar Card

. Passport

. Driving Licence

. Voter ID

3. Income Proof

. Income documents vary for salaried and self-employed applicants.

. For Salaried Individuals

. Salary slips for the last 3 months

. Bank statements for the last 3 months showing salary credits

. Latest Form 16 or Salary Certificate

. For Self-Employed Professionals

. Latest Income Tax Return with computation of income

. Bank account statements (last 1 year)

. Profit and loss account and balance sheet (if applicable)

. Qualification proof

. For Self-Employed Non-Professionals

. Latest two years of Income Tax Returns with computation

. Bank account statements for the last 1 year

. Proof of business, such as GST registration, Udyam Aadhaar, or Shop Establishment Certificate

. Memorandum of Association, Articles of Association, and Certificate of Incorporation (for companies)

. Partnership deed (for partnership firms)

4. Date of Birth Proof

Any one of the following:

. Passport

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