What are the documents required to apply for a personal loan?
Documents that need to be provided for a personal loan differ according to the profile of the applicant and the bank the applicant chooses to go with. Also, it differs for a salaried individual and a self employed individual. However the standard documents that are usually needed include ID Proof, Residence Proof and Income Proof. Here are a list of options for each of the proof documents. I. ID Proof : PAN Card, Passport, Driving License, Voter’s ID, Credit Card with Photo, Employee ID Card, Photo Ration Card. II. Residence Proof: Telephone Bill, Electricity Bill, Water Bill, Gas Bill, Insurance Premium Receipt, Passport, Rent/Lease Agreement, Allotment Letter (in case of govt. accommodation). III. Income Proof: a. For Salaried Individuals – The last 3 months’ Salary slips or the last 3 months’ bank statements where the salary is credited. b. Self-employed Individuals – ITR for last 2 years,complete audited financial of the partnership/company, last 6 months’ bank account statements.
