Personal Loan Document Checklist

By | December 28, 2015

Personal Loan Document Checklist

It’s really impossible to predict all the events that will unfold during one’s life and to be prepared for all of them in advance. There are times when we all run into some kind of financial emergency (a wedding or a medical complication) even though we did keep an emergency cash reserve aside. That’s the time when a Personal Loan could come in handy.

What’s a Personal Loan?

A Personal Loan is an unsecured loan that a bank gives an individual depending on his capability of repayment. The amount of loan can vary depending on the individual’s earnings and repayment capability. Generally, it doesn’t take too long to process a Personal Loan and the application process is also pretty simple if you have all the required documents handy.

Most banking institutions require a similar set of documents while applying a Personal Loan. Here’s the list of essential documents which you need to keep handy before approaching a bank for a Personal Loan.

Identity Proof

Anybody applying for a Personal Loan has to submit any of the following documents as identity proof:

  • Voter’s ID Card
  • Passport
  • Ration Card
  • Driver’s license
  • Electricity bill
  • Telephone/mobile bill
  • PAN Card
  • Life Insurance premium receipt
  • Title deed/utility bill/municipal tax receipt
  • Employer issued ID card

Proof of Age

The commonly accepted documents for proof of age while applying for a Personal Loan are:

  • Voter ID card
  • Passport
  • PAN card
  • Birth Certificate
  • Secondary school certificate (Class 10)
  • Ration card
  • LIC Policy or premium receipt

Address proof

You will have to submit address proof confirming your present residential address at the time of applying for a Personal Loan. The commonly accepted documents include:

  • Ration card
  • Electricity bill
  • Government-issued employee residence proof
  • Telephone bills
  • Ownership and title deeds of property

Income Proof

Submitting your income proof document is essential for anyone applying for a Personal Loan. Depending on whether you are a salaried or self-employed individual, you will have to submit the following proof of income documents:

If you are salaried:

  • As a salaried individual, you will need to furnish a copy of your latest salary slips (3-6 months depending upon the bank) or salary certificate
  • Form 16 and a copy of ITR for the last two years
  • In case you got a job recently, then you will need a copy of the appointment letter or an employment certificate to show your job continuity
  • You will also need to submit the last 3 months’ statements of your salary account

If you are self-employed:

As a self-employed individual, you will need to submit the following documents:

  • Proof of employment certificate
  • Last two years ITR, all certified by a chartered accountant
  • Detailed financial audit of the enterprise that you run
  • You also have to submit the last 6 months’ statements of all your bank accounts

Now that’s a complete list of documents which you need to keep handy when you plan to apply for a Personal Loan. Check if you are eligible for a Personal Loan right away!

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.

4 thoughts on “Personal Loan Document Checklist

  1. Kathe Peckenpaugh

    This site is completely gret. I’ve looked these informations a great deal and I
    view it that is professional, fast to comprehend.
    I congratulate you because of this article that I am going
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    1. Team BankBazaar

      Hi Kathe, Thanks much. Keep reading. Cheers, Team BankBazaar

  2. V. Ifthikhar Ahmed

    My loan status
    Loan in emergency need
    I have apply. Please do fast. Sir

    1. Team BankBazaar

      Hi V. Ifthikhar,

      Thanks for getting in touch with us. To follow up on the status of your application, you can contact our customer care on +91 44 66511800 (Monday-Saturday from 9AM to 6PM) or send us a WhatsApp message on +91 98848 08231. You can also email us at Remember to keep your application number ready for a quick response. We hope this helps!

      Team BankBazaar


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