Personal Loans – Documents Required
In order to avail the personal loan, you need to submit the required documents to the lender. The required documents may vary a little from one lender to another. However, broadly the requirements by the lender for submitting the documents for proof and eligibility are similar. Let’s check out the documents that may be submitted as a proof for loan application.
Identity Proof – You can provide any one of the following listed documents as a valid proof for your identity.
- Passport (It can also be used as a address proof )
- Government identity card
- Photo PAN card
- Voter’s identity card
- Defence Identity card
- Driving License
- Ration card with photograph
Apart from these, you will also need to submit the passport size photographs for completing the identification requirements.
Address Proof – You can provide any one of the following listed documents as a valid proof for your Address.
- Passport (Can also be used as proof of identity)
- Electricity bill
- Society outgoing bill
- Life Insurance Premium receipt
- Telephone (land/mobile) bill
- Driving licence
- Voter’s identity card
- Ration card
- Proof of Office for Self Employed (any one of these as Lease deed, Utility bill, Municipal Tax receipt, title deed)
Age Proof – You can provide any one of the following listed documents as a valid proof for your Age.
- Secondary School Leaving Certificate (Class 10)
- Pension Payment Order
- Birth Certificate issued by the competent authority
- Photo Ration Card
- Voters Identity Card
- LIC Policy or Premium receipt clearly indicating the applicant’s age
- Passport / Defence ID Card / Govt ID Card (the document must have cardholder’s photo, signature and date of birth)
Income Documents – You can provide any one of the following listed documents as a valid proof for your Income.
- Salaried Individuals
- Latest acknowledged IT return
- Bank statements for the last 3 months
- Latest salary slip showing statutory deductions
- Proof of continuity of employment – Form 16 or appointment letter
Self Employed Individuals – You can provide any one of the following listed documents as a valid proof for Self Employment.
- Computation of income for the last 2 years certified by a C.A. OR
- Bank statements for the last 6 months AND
- P&L and balance sheet for the last 2 years certified by a C.A. AND
- Copies of acknowledged IT returns for the last 2 years
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