Documents Required for Personal Loan

Last Updated : June 20, 2025, 3:27 p.m.

A personal loan is an unsecured form of credit, meaning you don’t need to provide any collateral or security to the lender. Approval is primarily based on your income, credit score, and repayment ability. You can apply for a personal loan through multiple channels—online platforms, directly at a bank branch, or via non-banking financial companies (NBFCs). These loans offer attractive interest rates along with customizable repayment options to suit your financial needs. Whether you're financing a wedding, planning a vacation, or renovating your home, a personal loan can be a convenient solution. To ensure a smooth application process, it’s important to understand the Documents Required for Personal Loan. These may vary by lender and applicant category, so reviewing them in advance can help you stay prepared.

Which Documents Do You Need for a Personal Loan Application?

The personal loans documents are based on the category of the employees, so the list is mentioned below for each of the categories -

Personal Loan Documents for Salaried Individuals

Salaried individuals require the following documents mentioned below while applying for a personal loan from any lender -

• Two recent passport-size photos
• Identity Proof – Pan card, Aadhaar card, Voter ID card, Passport, or driving license are all acceptable forms of identification.
• Residence Proof – passport, voter ID, Aadhaar card, property ownership papers, utility bills, or a valid driver’s license.

- If you're renting, you can also submit a registered rent agreement, electricity bill, or telephone bill as valid address proof.

• Income Proof – Last three months’ bank statements or last three months’ wage slips are acceptable forms of proof of income.
• Employment continuity proof – Certificate from your current employer, as well as experience or relieving letters from previous employers.

Personal Loan Required Documents for Self-Employed Individuals

These are the list of documents that are required by Self-Employed Individuals for a personal loan -

• Two recent passport-size photos.
• Identity Proof – Pan card, Aadhaar card, Voter ID card, Passport, or driving license are all acceptable forms of identification.
• Residential proof – Aadhaar card, voter ID card, passport, property documents, maintenance bills, ration card, or driver’s license are all acceptable forms of residence proof. You can provide the landlord with a copy of the rent agreement or utility bills, such as electricity or telephone bills.
• Business Proof – Last three years’ ITR audited by your CA, audit report, profit and loss statement, last three months’ bank statement, or last six months’ passbook photo-copy.
• Office address proof – Office address documentation can be provided in the form of a utility bill, property documents, maintenance bills, or a GST registration.
• Office existence proof – Company Registration License or Tax Registration copy.

Documents Required for NRI Personal Loan

The documents required for a personal loan for NRI Applicants are –

• Identity Proofs – Attested copies of your passport and valid residence visa, certified by the Foreign Office, a Notary Public, the Indian Embassy, authorized officials, or corresponding banks.
• Employment Proof – Appointment letter, Job Contract, Official Email ID, or the email address of the HR Manager of the organization, Employee Identity Card.
• Income Proof – Last 6 months’ bank statement, or last 6 months' salary slip.
• Recent passport-size photographs.

Personal Loan Documents Required for Pensioners

The requirements for a personal loan for Senior Citizens or Pensioners are –

• Identity Proof – Voter ID card, Aadhaar card, Pan card, Passport, or driving license, all in acceptable format.
• Residential proof – Aadhaar card, voter ID card, passport, property documents, maintenance bills, ration card, or driver’s license are all acceptable forms of residence proof. You can furnish the owner with a rent agreement, an electricity bill, or a telephone bill.
• Income Proof – Income Tax Returns statement, Form 16, Last six months’ bank statements or bank passbook, Copy of the Pension payment order.
• Recent passport-size photographs.

Documents Required for Senior Citizens

• Copies of the Pension Payment Order (PPO),
• Bank statements showing pension credits, and
• Valid age proof such as a PAN card, passport, or any government-issued document.

Conclusion

Understanding the Documents Required for Personal Loan is essential for a smooth and hassle-free application process. Whether you're salaried, self-employed, or a pensioner, having the right paperwork—like identity proof, income proof, and bank statements—helps speed up approval and ensures transparency. Always check with your lender for specific requirements before applying.