When applying for a personal loan, having the right documents for your loan application ready can make the process faster and smoother.
Whether you’re approaching a bank or a non-banking financial company (NBFC), documentation plays a vital role in verifying your identity, income, and eligibility.
In this blog, we’ll walk you through the complete list of required documents you’ll need to get started.
Most personal loans are unsecured, meaning you don’t need to pledge any collateral. Because of this, lenders rely heavily on your documents to assess your financial stability and credibility. Submitting all required documents upfront reduces processing time and increases your chances of loan approval.
These documents required for a personal loan not only establish your identity but also prove your repayment capacity.
Aadhaar Card
Passport
Voter ID
PAN Card
Driving License
These documents confirm your identity and are mandatory for KYC (Know Your Customer) compliance.
Utility bills (electricity, water, gas)
Aadhaar Card
Passport
Rent agreement (if applicable)
Property registration papers
This helps the lender verify your current residence and communication address.
Salaried Applicants:
- Latest 3–6 months’ salary slips
- Bank statements showing salary credits
- Form 16 (for the last 2 years)
Self-employed Applicants:
- Income Tax Returns (ITR) for the last 2–3 years
- Business proof or GST registration
- Bank account statement of the business
These income documents play a key role in your loan application process by helping lenders assess your repayment capacity.
Passport-size colour photos (usually 2–3 copies)
- Mandatory for any loan application in India
Your PAN is used to check your financial profile and credit history.
- Employment ID card (for salaried individuals)
- Proof of business continuity (for self-employed)
- Loan sanction letter (if you already have an ongoing loan)
Keep both soft copies and hard copies of your personal loan application documents ready to avoid delays.
Ensure your documents are clear and updated
Make sure the information matches across documents (e.g., name and address)
If applying online, scan and upload documents in PDF or JPEG format
Submitting accurate and complete loan application documents is the first step toward quick approval. Whether you’re applying for a low-interest personal loan, an HDFC personal loan, or an instant loan, having your paperwork organised can make the process much smoother.
Before applying, review the lender’s specific requirements and eligibility criteria. A little preparation with the right documents can save time and significantly improve your chances of approval.
