For obtaining a personal loan in India, certain key documents are typically required by banks or NBFCs (Non-Banking Financial Companies) to verify your identity, income, residence, and financial stability. These may vary slightly depending on the lender, but the general set is fairly standard. Common Documents Required for a Personal Loan in India: 1. Identity Proof (any one of the following): Aadhaar Card PAN Card Passport Voter ID Driving License 2. Address Proof (any one of the following): Aadhaar Card Utility Bill (Electricity, Water, Gas – recent) Rent Agreement (registered) Passport Ration Card Bank Passbook with address 3. Income Proof: For Salaried Individuals: Last 3 to 6 months' salary slips Last 3 to 6 months’ bank statements (showing salary credit) Form 16 or Income Tax Return (ITR) (may be optional depending on the lender) For Self-Employed Individuals: Last 2 to 3 years’ ITRs with computation of income Balance sheet and Profit & Loss account (CA certified) Business registration certificate or GST registration Last 6 months’ bank statements 4. Photographs: Recent passport-sized photographs (usually 2) 5. PAN Card: Mandatory for all loan applications as per RBI guidelines for financial transactions. 6. Loan Application Form: Duly filled and signed application form provided by the lender. Additional Documents (if applicable): Existing loan documents (if you have other loans) Employment ID card (for salaried applicants) Proof of business continuity (for self-employed) Note: Lenders may also check your credit score (CIBIL) during the loan process. A good score (usually 700+) improves your chances of approval. Digital KYC & Instant Loans: Some fintech companies and banks also offer digital personal loans, where documents are uploaded online, and KYC is completed through Aadhaar-based eKYC. In such cases, minimal paperwork is required, and approval can be faster.

Dear Client, As per the RBI guidelines, the following documents need to be submitted during an application for a personal loan in India – 1. Identity proof of the applicant – Aadhaar, Passport, Driving License, etc. 2. Address proof of the applicant – Aadhaar, bank statements, electricity bills. 3. PAN card must also be submitted as it is mandatory for financial transactions to comply with tax laws. 4. Applicant’s proof of Income, which can be salary slips (not older than 3 months), if the applicant is salaried. If the applicant is self-employed, then Income Tax Returns of the last 2-3 years are acceptable. 5. Bank statements of the last 3 to 6 months of the applicant, showing any salary credits or business inflow, are also required. 6. A recent passport-sized photograph of the applicant. 7. Proof of employment of the applicant, which can be – an employment ID or an appointment letter. It also depends on which Bank you are applying for a personal loan with. This is because different banks may have some internal policies which will require you to provide some additional documents such as – Form 16 (showing salary and TDS for repayment capacity), your rental agreement, and etc. I hope this answer helps. For any further queries, please do not hesitate to contact us. Thank you.