Documents Required for Personal Loan

Personal loans are capable of fulfilling all your unplanned financial requirements and an urgent need for money. Applying for personal loans these days is also extremely easy and hassle-free, and it can be done online as well as offline across many loan application centres spread across the country. To be eligible for a personal loan, you have to fulfil a certain set of requirements - have a good CIBIL score, a favourable credit report, no instance of default, and the number of unpaid loans should be as less as you can possibly manage. Only then will the bank or financial institution judge you to be worthy of being granted a personal loan. Hence, while applying for a personal loan you have to submit certain personal loan documents and paperwork which will attest to your creditworthiness as an individual.

At Finserv Markets, you will get the added advantage, minimum personal loan documents required for self-employed as well as a salaried person - only the personal loan documents that are absolutely necessary, and nothing else. We believe in making the lending experience seamless and smooth, which is why we are known to serve our customers in the best way possible. While many other institutions trouble you with constant demands of submitting heaps of documents that are often unnecessary and irrelevant, we intend to seek minimum information to understand your financial credibility as a salaried or self-employed individual and release your personal loan as soon as possible. Below mentioned is a list of documents required for a personal loan.

 

Documents Required for Personal Loan from Finserv Markets

  • Personal loan documents that will be counted as proof of identity, like Passport, PAN card, Aadhar card, Voter’s ID card, and Driving license.
  • Personal loan documents that will supply the proof of residence like- Electricity bill, Gas bill, Passport, or Leave and License agreement.
  • Bank Statement for the last 3 months with income details.  These documents will be used to calculate your credit score, your number of unpaid loans, your credit history, and your overall creditworthiness will be assessed.
  • Your salary slips for the last 3 months.
  • Two or three of your Passport size photographs.

While submitting the personal loan documents online or in any of our personal loan application centre, you should also inquire about the interest rates and the tenure options, so that you can specify in your application the precise interest rate and tenure period that you are subscribing to. At Finserv Markets, there are severable attractive interest rates and flexible tenure schemes, among which you can choose the one you feel is perfectly optimised for you. There is also the question of EMIs, which are calculated by taking into consideration the amount to be borrowed, the interest rate applied, and the fixed tenure period. You can also use the Bajaj Finance Personal loan EMI calculator to assess the various EMI options and choose the one suitable for you. After browsing through all these activities, then only you can submit your loan application along with the personal loan documents.

 

Eligibility

Once you meet these eligibility 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.

 

Interest rates and fees

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 fees and charges with Finserv Markets here.

 

Why Finserv Markets?

With Finserv Markets you have the ease of browsing through all the aforementioned options and apply for a personal loan online. There’s also the ease of submitting the documents required for a personal loan in the loan application centres or online, and as mentioned before, only the most indispensable documents are asked for.

We also provide flexible repayment options, cheap interest rates, and certain offers on personal loans for Bajaj customers. There’s also the convenience of availing personal loans up to Rs. 15 Lakh without submitting any collateral, minimal paperwork, and rapid loan disbursal. So all said and done, Finserv Markets really is the best place to apply for a personal loan in India.

Finserv Markets, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof- anytime, anywhere!

Our Pursuit, Your Happiness

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