List of Personal Loan Documents for Self-employed, Salaried, NRIs & Prisoners

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Every now and then, some millennial seek for a personal loan. Be it buying a car or home – every person has their individual personal goals. While reaching the goals, running out of funds can arise at any time. That’s when the need for a personal loan comes in handy in advance. 

Besides, personal loans are categorised into two divisions – signature or unsecured advances. Any individual can apply for this loan online or offline, both with some necessary personal loan documentsas the loan can help them when there’s a need for money. Personal loans are a staunch yet convenient way to get the immense aforementioned financial assistance. And the best part is, you’re not even required to place your car or home for collateral. However, if the documents are intact and genuine, it won’t take much longer to concoct the approval process. 

Necessary documents for personal loans:

Personal loans are a great source of cash or monetary support for individuals. While applying for the loan, borrowers are requested to submit or provide some necessary documents to the lender. However, the papers may vary from lender to lender. It also differs from person to person, such as self-employed, salaried person, NRIs (Non-Resident Indian) and prisoners. To apply for the loan, you need to check the documents mentioned below that you should submit accurately. 

  1. Identity Proof: Name, age, gender etc.
  2. Residence Proof: Current & permanent residential address.
  3. Employment Proof: If you are self-employed (business) or a salaried applicant. If employed, then, name of the organization.
  4. Income Proof: Which is your net monthly income (in-hand). 

List of Personal Loan Documents

To apply for the loan, you need to check the documents mentioned below that you should submit accurately. 

Documents Self-employed Salaried
Identity Proof
  • Driving License
  • Aadhaar Card
  • Passport
  • Pan Card
  • Voter ID
  • Aadhaar Card
  • Voter ID
  • Pan Card
  • Driving License
  • Passport
Address Proof 
  • Utility Bills (Water/electricity/gas bills)
  • Ration Card
  • Aadhaar Card
  • Driving License
  • Passport
  • Electricity bill
  • Maintenance bill
  • Property documents
  • Utility Bills (Water/electricity/gas bills)
  • Electricity bill
  • Ration Card
  • Passport
  • Maintenance bill
  • Aadhaar Card
  • Driving License
  • Property documents
Proof of Business Existence
  • Tax registration copy
  • Electricity bill
  • Maintenance bill
  • Property documents
N.A
Photograph One colour photograph (passport size) One colour photograph (passport size)
Income Proof
  • Bank statement of past one year
  • Last 2years Income tax returns, including Computerised Income, balance sheet, audit report, etc.
  • Employment certificate from the current employer
  • Last 6months Bank statement
  • Salary slips of the last three months

 

Documents NRI Prisoner
Identity Proof
  • Copy of your passport
  • Copy of your visa
  • Voter ID card
  • PAN card
  • Aadhaar card
  • Passport
  • Ration card
  • Driving licence
  • Birth certificate
Address Proof 
  • Identity Card
  • Appointment letter
  • Official email ID
  • Utility bills
  • Driving licence
  • Ration card
  • Passport
Income Proof
  • Last 6months bank statement proof
  • Salary slips
  • Copy of Bank passbook
  • Bank statements of the last 6 months
  • Income tax returns
  • Form 16
  • Copy of pension payment order
Photograph Passport-size photographs Passport-size photographs

Summing-Up:

Whether you choose an unsecured or secured personal loan, make sure you keep all necessary personal loan documents intact and ready and submit those correctly. Otherwise, the chance of getting your application rejected will be higher. 

Get more info about finance and loan from the official website.

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