Top 5 frequently asked questions about the documents required for a personal loan

Getting a personal loan is one of the best ways to address emergency financial situations. Be it paying off medical bills, education fees or even home renovation expenses, a personal loan can help you tide away any urgent financial event with ease. Every personal loan lender in India will need you to share few documents based on which your loan application is approved. If you don’t provide the lender with the required documents then your personal loan application can be rejected. Therefore, submission of documents is an important step towards procuring a personal loan in India. Read this article to check the documents required for personal loan.

What are the documents required to get a personal loan?

To get a personal loan, you have to submit the below documents. Though the requirement may vary from lender to lender, the list is more or less the same.

  • Address proof i.e. Aadhar card, utility bills like electricity bill or telephone bill, passport, driving license
  • Identity proof i.e. PAN card, passport, driving license, voter’s ID
  • Past 3 months’ salary slip
  • Past 3 months bank statement of the account in which the salary is credited
  • Form 16
  • Rent agreement if required
  • Cancelled cheques if applicable
  • Recent passport size photographs

What are the documents required for getting personal loan for NRI applicants?

  • Identity proof i.e. passport or visa
  • Employment proof i.e. appointment letter, contract of the job, employee ID
  • Income documents i.e. last 6 months bank statement and salary slip
  • Recent passport size photographs

When applying for a personal loan, do I have to submit original KYC documents?

No, you don’t have to submit original KYC documents to the lender. You will have to submit a photocopy of the original documents for verification purpose. When applying online, you can submit documents in PDF and JPG format. On the other hand, when applying offline, you will have to carry original documents to help lender verify your details. 

Is it possible to get personal loan without PAN card?

PAN card, also known as permanent account number is a mandatory document that is utilized to track an individual’s financial transaction. The card serves as a mandatory document to receive salary, buying life insurance, investing in mutual funds and others. To apply for a personal loan, submitting a copy of PAN card is generally mandatory if the loan amount is above Rs. 50,000. However, this condition too varies from lender to lender. Few lenders in India only accept PAN card as an identity proof to be able to process your loan application.

What are the documents required to get personal loan for pensioners?

  • Identity proof i.e. Aadhar card, Voter’s ID, driving license, PAN card
  • Address proof i.e. driving license, Aadhar card, utility bills such as electricity bill, telephone bill
  • Last pension cheque
  • Retirement proof
  • Passport size photographs

Is the documentation requirement same for a personal loan and a car loan?

No, documentation requirement for a personal loan and car loan is not the same. Car loan being a secured type does not involve a strict documentation process unlike a personal loan.

Is the documentation requirement same for an unsecured personal loan and a loan availed keeping a collateral? 

No, the documentation requirement for an unsecured personal loan and a secured one is not the same. Under unsecured loan, you will have to submit documents related to your assets i.e. if you are offering your jewellery as collateral then you have to submit the invoice and documents related to it. 

Can I get a personal loan only on the basis of Aadhar card?

Yes, few lenders in India do offer personal loan only on the basis of Aadhar card. However, the interest rate for this type of loan would be generally on a higher side as it involves high risk.

Is submission of salary slip mandatory to get a personal loan?

Not all lenders in India need you to submit a copy of the salary slip to get a personal loan. Submission of bank statement helps the lender verify your salary details.

When applying with a guarantor, does one have to submit address and identity proof of the guarantor as well?

Yes, submission of the guarantor address and identity proof is mandatory. Additionally, the guarantor will also have to submit his salary slip. In case if the primary loan account holder defaults on the loan, then the guarantor is liable to repay the loan.


Submission of personal loan documents is an important part of your loan application process without which the lender can straightaway reject your application. Remember, with online lenders, you can upload your documents online in PDF or PPG format as mentioned on the lender’s website.