Documents required for Personal loan

Documents required

You need to provide proofs of your age, identity, residence address and income documents. The details of documents that you may require to produce are given below:

Identity Proof (Any one of the following)

• Passport (Can also be used as proof of residence address)
• Defense ID card
• Driver’s license
• Government ID card
• Photo PAN card
• Voter’s ID card
• Ration card
• You will also need passport size photographs to complete the identification requirements.

Address Proof (Any one of the following)

• Passport (Can also be used as proof of identity)
• Telephone (land/mobile) bill
• Driver’s license
• Voter’s ID card
• Ration card
• Electricity bill
• Society outgoing bill
• Life Insurance premium receipt
• Proof of office for self-employed persons (any one): Lease deed/Utility bill/Municipal tax receipt/Title deed

Age Proof (Any one of the following)

• Secondary school leaving certificate (Class 10)
• Ration card
• Voter’s ID Card
• LIC policy or premium receipt clearly indicating the applicant’s age
• Pension payment order
• Birth certificate issued by the competent authority
• Passport/Defense ID card/Govt. ID card (Provided it has the cardholders photo, signature and date of birth)

Income Documents (Any one of the following)

• For salaried individuals
  • Latest salary slip showing statutory deductions
  • Proof of continuity of employment – Form 16 (Declaration from employer giving details of income and deductions) or appointment letter
  • Latest acknowledged IT returns
  • Bank statements for the last 3 months

• For self-employed persons
  • Proof of continuation (Trade license/Establishment/Sales Tax certificate)
  • Latest acknowledged IT returns along with computation of income, balance sheet and Profit & Loss a/c for the last 2 years certified by a CA
  • Bank statements for the last 6 months