For people, personal loans can be a great source of funding. Customers must provide a specific set of documents when applying for a personal loan. The personal loan documents needed will vary depending on the lender. Whether the applicant is salaried, self-employed, retired, or a non-resident Indian (NRI).

List of Documents Required for Salaried Employees

The following are the personal loan documents that salaried employees must submit. When they need a personal loan.

Identity Proof

  • Aadhar Card
  • Driving License
  • PAN Card
  • Passport
  • Voter’s ID

Residence Proof

  • Aadhar Card
  • Driving License
  • Passport
  • Ration Card
  • Utility Bill

Ownership of Residence Proof

  • Electricity bill
  • Maintenance bill
  • Property documents

Income Proof

  • Salary slips (previous three months) and form 16 are also required.
  • A bank statement (previous six months) before when the salary was credited.

Proof Job Continuity

  • From the current employer, a certificate of employment
  • Experience certificate (a relieving letter or appointment letter from the former employer and a job certificate)
  • Letter of appointment from the existing employer (if the employment period exceeds two years)

Common FAQs Related to Personal Loan Documents

Is there any documentation I need to submit after my personal loan has been approved or before it has been disbursed?

After your loan is approved, yes, documentation is required. It entails giving the lender a loan agreement that has been properly signed. As well as an ECS Form or Standing Instructions (SI) request.

Are all lenders compelled to accept the same documentation when applying for a personal loan?

No, different lenders may have different documentation requirements. During the personal loan application process, you could be asked to submit more documentation if needed. The documents mentioned above are simply examples and could vary in accordance with RBI regulatory rules.

Is the amount of documents required for immediate or pre-approved personal loans minimal?

Yes, one benefit of an instant personal loan offer is the minimal documentation requirement. Depending on their income, credit history, and work situation, banks offer pre-approved loans to their existing customers. When applying for a pre-approved personal loan, the customer need not worry about dealing with the inconvenience of extensive documentation. Because the bank already has the customer’s KYC information in its database.

How long does it take to process a personal loan application?

The documentation procedure determines the turnaround time. The documentation and verification processes will be completed without delay or problem. If you make sure that the KYC documents, income proof, and properly filled-out application form are sent without any errors. The loan application will be promptly approved after the verification procedure is completed, and a loan agreement will be drafted for you to sign.

Should I present my original KYC records when requesting a personal loan?

The lender will need photocopies of your KYC documentation. To ensure that the executive can compare the photocopies with the original documents. It is best to bring the original documents with you when you visit the bank. Although you don’t need to provide the lender with your original KYC documents. You will need to bring 2-3 current passport-size photos to include with your application.

How do personal loans that are requested online through a lender’s website require documentation?

Only a small number of lenders (NBFCs like IIFL Finance) provide complete online personal loan services. You only need to complete an online application form, upload your KYC documents in soft copy, and provide the website with proof of your identity, address, and income if you choose to use this service. You can choose eKYC if you have an Aadhaar number, in which case uploading address and ID proofs might not be required. After your documents are successfully verified, the lender will present you with a loan agreement, which you can choose to electronically sign using the Aadhaar e-sign feature.


Only after the document verification process has been successful can a loan application be considered complete. Regardless of the type of loan, the applicant must submit the personal loan documents as needed. Depending on the type of loan, different documents have varying levels of importance. Income verification and pay slips are given top priority for unsecured loans like personal loans.