Documents You Need For Personal Loan Application

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Most reputed NBFCs have minimal documentation requirements to make personal loans accessible to all. Here is a list of documents required for a personal loan:

  • The online application form is filled with all the necessary details

  • Recent passport-sized photograph

  • Address proof, including Aadhaar card, passport, driving license, or voter ID

  • Identity proof, including PAN card, Aadhaar card, or government ID in the case of a government employee

  • Income proof, including last month’s pay slip or current year’s Form 16

This is a general list that most lenders demand. Lenders may ask for additional personal loan documents to confirm an applicant’s identity and other details.

NBFCs that support 100% digital loan procedure do not ask the applicant to visit their office and submit the documents required for a personal loan. They can verify the applicant's identity by collecting their KYC details and checking them online. The process takes just a few minutes, allowing the lender to approve loans almost instantly.

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