List of Personal Loan Documents Required for Salaried, Self-employed, NRIs & Pensioners

Personal Loans

Personal loans can come in handy during any emergency need for cash. Collateral-free and easy to access compared to other financing options, personal loans can be a viable option to fund your immediate requirements. However, your personal loan application can get rejected if you don’t have the right documents in place. To ensure that your loan application goes through smoothly, we have compiled a list of documents required for a personal loan. Read on!

Documents Required for Personal Loans 

List of Personal Loan Documents Required (Salaried)

Here is a list of documents required for personal loans for salaried:

1. Income Proof: Both Indian and international bank account statements for the last 6 months, Salary certificate (in English) or salary slips for the last 6 months
2. Address Proof: PAN Card, Driving Licence, Utility Bills, Bank Statement or Ration Card
3. Employment Proof: Appointment Letter, job contract, HR’s email ID or official email ID, Labour/ Identity card/CDC (for NRIs working in the Middle East or employed in Merchant Navy)
4. Identity Proof: PAN Card/ Aadhar Card/ Voter’s ID/ Driving license
5. Latest from 16 (It’s a certificate issued to salaried individuals from their employer when he deducts tax from the employee salary)
6. Last 3 months’ bank statements (where salary is credited)
7. Passport-size photograph
8. Job Continuity Proof: Income Proof: Both Indian and international bank account statements for the last 6 months, Salary certificate (in English) or salary slips for the last 6 months
9. Ownership of Residence Proof: Property documents, maintenance bill, and electricity bill
10. Investment Proof (optional): Fixed deposit, mutual fund investment receipts

Also Read: How To Apply For 1 Lakh Instant Personal Loan In India: Check Eligibility, Features & Benefits

List of Personal Loan Documents Required (Self-Employed)

Here is a list of documents for personal loans for self-employed:

1. Income Proof: Latest submitted income tax returns along with audited financials for the past 2 financial years and the last 6 months’ bank statements
2. Photo Identity Proof: PAN card, passport, voter’s ID or driving license
3. Residential Proof: Passport, Aadhaar card, utility bills, ration card
4. Office Address Proof:  incorporation documents/ registration certificates/ MSME/ GST registration/ Shop & establishment act certificate
5. Office Ownership Proof: Maintenance bill, property documents or electricity bill
6. Proof of Business Existence: Company registration license or tax registration copy
7. Photograph: Passport size photograph

Also Read: How To Get A Personal Loan For Self-Employed: Benefits, Interest Rates, Eligibility And Documents

List of Personal Loan Documents Required (Pensioners)

1. Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport or Driving License
2. Address Proof: PAN Card, Driving License, Utility Bills, Bank Statement or Ration Card
3. Income Proof – Salary Slips or Bank Account Statements
4. Passport-size photograph

List of Personal Loan Documents Required (NRIs)

1. Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport or Driving Licence
2. Address Proof: PAN Card, Driving Licence, Utility Bills, Bank Statement or Ration Card
3. Income Proof: Both Indian and international bank account statements for the last 6 months, Salary certificate (in English) or salary slips for the last 6 months
4. Employment Proof: Appointment Letter, job contract, HR’s email ID or official email ID, Labour/ Identity card/CDC (for NRIs working in the Middle East or employed in Merchant Navy)
5. Passport-size photographs

However, with Navi Personal Loan, there’s no heavy paperwork required. All you need to do is download the Navi app and apply for a loan with your Aadhaar and PAN number.

Also Read: How To Get An Instant Personal Loan With Aadhaar Card

Importance of Documents while Applying for a Personal Loan

Providing correct documents to your lender could help you get your loan faster. Banks and NBFCs review your documents to gauge you as a borrower. However, with significant advancements in the personal finance space owing to technology, you may not need a host of documents to provide while applying for a loan. However, it’s advised to keep these documents in handy in case your lender wants to further review your profile.

Any incorrect document could result in the rejection of your loan application. The loan documents play a very important role, and if there are any deficiencies in the loan documents, the same need to be corrected to avoid any hassle during a personal loan application.

How to Apply for Instant Personal Loan with Navi?

 Follow these few easy steps to get an instant personal loan from Navi:

1. Download the Navi app
2. Enter your mobile number to get OTP
3. Fill in your basic details – Name, DOB, PAN, Employment Type, Profession and Total Monthly Income
4. Check loan offer
5. Select loan amount and tenure
6. Link your bank account
7. Get funds instantly transferred to your bank account

Also read: Apply For Short Term Loan: Eligibility, procedure and benefits

Final Word

You may need a personal loan for a variety of reasons. However, without the right documents, your loan approval may get delayed or rejected. That’s why it is important to be prepared with the documents mentioned above. For a 100% paperless personal loan, download the Navi app and apply today!

FAQs on Documents Required for Personal Loan

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Looking for instant 🚀 personal loans 24*7 anywhere, anytime? Get personal loans up to ₹20 lakh starting at 9.9% p.a. Install the Navi app now!

Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article. 

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