Documents Required for Personal Loan

To apply for a Personal loan, you must have necessary documents to provide to the lender. This is done to verify various things about the applicant. These include the following:

  1. Identity Proof: Name, age, gender etc.

  2. Residence Proof: Permanent and current place of residence

  3. Employment Proof: Whether you are salaried or a self-employed applicant(business), name of the organization

  4. Income Proof: Your net monthly in-hand income

You will have to furnish the documents that have the above information. The lender will verify and assess your application and then decide if you are eligible for the loan or not.

List of Personal Loan Documents

Following are the documents required for Salaried Employees and Self-employed Professionals:

Know about personal loan on aadhar card.

 

Salaried Employees

Self-Employed Individual

Identity Proof

●     PAN Card

●     Voter ID

●     Aadhaar Card

●     Passport

●     Driving License

●     Aadhar Card

●     Passport

●     Driving License

●     PAN Card

●     Voter ID

Address Proof

●     Passport

●     Aadhaar Card

●     Utility Bills (Water/electricity/gas bills)

●     Ration Card

●     Driving License

●     Property documents

●     Electricity bill

●     Maintenance bill

●     Passport

●     Aadhaar Card

●     Utility Bills (Water/electricity/gas bills)

●     Ration Card

●     Driving License

●     Property documents

●     Electricity bill

●     Maintenance bill

 

 

Proof of Business Ownership

-

●     Property documents

●     Maintenance bill

●     Electricity bill

Proof of Business Existence

-

●     Maintenance bill

●     Property documents

●     Electricity bill

●     Tax registration copy

Income Proof

●       Salary slips of the last three months

●     Bank statement for the previous six months

●     Employment certificate from the current employer

●     Income tax returns for the previous two years inclusive of Computation of Income, audit report, balance sheet, etc.

●     Bank statement of past one year

 

 

Photograph

One passport size color photograph

One passport size color photograph

List of Personal Loan Documents Required for NRI’s and Pensioners

Following are the documents required for NRI’s and Pensioners:

 

NRI’s

Pensioners

Identity Proof

●     Copy of your passport

●     Copy of your visa

●     Ration card

●     PAN card

●     Voter ID card

●     Passport

●     Driving licence

●     Birth certificate

●     Aadhaar card

●      

Address Proof

●     Appointment letter

●     Identity Card

●     Official email ID

●     Passport

●     Ration card

●     Utility bills

●     Driving licence

Income Proof

●     Bank statement of last 6 months

●     Salary slips

●     Copy of Bank pass book

●     Bank statements of the last 6 months

●     Form 16

●     Income tax returns

●     Copy of pension payment order

Photographs

Passport-size photographs

Passport-size photographs

Why Choose Finserv MARKETS for Personal Loans?

If you want to apply for a Personal Loan without any difficulties, then Finserv MARKETS is your one-stop solution. Know how: 

  • Hassle-free Online Process

The Personal Loan application process at Finserv MARKETS is totally online. You get money in your bank account, in just 24 hours post instant approval. 

  • Minimal Documentation Requirements

You can avail a Personal Loan available on Finserv MARKETS with minimal documentation and paperless process

  • No Hidden Charges

The application process is completely transparent. You do not have to incur any extra or hidden charges. 

  • Customized Loans

You can get loans as per your requirements and tailor-made to suit your needs.

  • Trusted Companion

100 million+ customers across India term Finserv MARKETS to be their most trusted financial partner for Personal Loan. 

How to Apply for Personal Loan?

Applying for a Personal Loan on Finserv MARKETS is really simple. Here are the steps:

  • Online Form Filling

Enter your personal and employment details. 

  • Choose Loan Details

Choose Personal loan amount and repayment tenure as per your requirement 

  • Approval & Disbursal

Get approval in 3 minutes and money in your bank account within 24 hours.

Personal Loan Eligibility Criteria

Once you meet these personal loan eligibility criteria criteria you can avail a personal loan within a day and fulfil all your dreams.

  1. You must be a citizen of India.

  2. You must be a salaried employee.

  3. You should be in the age range of 23 -58 to avail a vacation loan.

Calculate personal loan eligibility with personal loan eligibility calculator.

Personal Loan Interest Rates & Charges

Avail a personal loan and enjoy complete transparency. There are no hidden charges at all. We offer personal loans with low fees, competitive interest rates and nominal charges.You can know more about the personal loan interest rates & charges with Finserv MARKETS.

Age Limit to Get a Personal Loan?

To avail a loan you need to fulfill the eligibility criteria. There are numerous factors that affect your personal loan eligibility like your company profile, income, CIBIL Score, etc. A good company profile and high salary increase your eligibility to get a personal loan at a low rate of interest. However, there are a few banks that also offers loan to non-categorized companies’ employees at a higher interest rate.

An individual willing to apply for a personal loan has to be between the ages of 21 to 65 years, this may vary bank to bank. The applicant should be a salaried individual with a stable job and monthly income with a total work experience of 3 years.

To improve your chances of availing a personal loan you need to make sure of certain requirements:

  • To increase your personal loan eligibility, you can start paying off your outstanding debts first.

  • Ensure timely payment of EMIs or other obligations to improve your credit history and to negotiate with banks in the future to get a high loan amount.

  • Transfer your existing personal loans to a lower interest rate, this reduces your existing EMI and to get a new loan of a higher amount.

  • Take the help of a personal loan eligibility calculator to assess your present status as compared to what you would like to achieve.

Apply for a personal loan at Finserv MARKETS and get an instant personal loan up to 25 lakhs. With a flexible loan repayment tenure over a period of 12-60 months. Get the best personal loan offers that meet all your financial requirements.

How to Read Personal Loan Statement?

For a loan statement, you need to get in touch with your lender online or in person. Most lenders have websites where you can just log in using your online credentials and provide your loan account number. After logging in you will be able to track your account and request for a statement. Similarly, you can also visit the branch office of the lender from where you have availed the loan and place a request for a loan statement.

Also read about How to Check Bajaj Finserv Personal Loan Statement

Personal Loan Documentation FAQ's

  • ✔️Do I have to submit my original KYC documents when applying for a personal loan?

    You can submit the photocopies of the KYC documents. However, keep the original documents handy in case required for cross-verification.

  • ✔️Are the documents required to apply for a personal loan the same across lenders?

    It may vary from lender to lender. Basis the personal loan application process, you may be asked to submit some additional documents depending on the lender.

  • ✔️How do I write a personal loan agreement?

    To write a personal loan agreement, first ensure to consider all the terms and conditions after discussing it with the relevant parties and mention it in the agreement. Also, the language has to be simple for easy comprehension. Mention the date of the agreement and put in your signatures.

  • ✔️What is the procedure for personal loan part prepayment?

    The part prepayment procedure may from lender to lender. So, you must contact your lender and understand the procedure.

  • ✔️Can I apply for a personal loan without PAN card?

    As per the tax laws, PAN card is a must when applying for a Personal Loan. In case the loan amount is below Rs. 50,000, then you can get a Personal Loan.

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