Personal Loan Documents - Documents Required for a Personal Loan

There are different types of loan products available in the market; however, a personal loan is one of the most common forms of borrowing. With an unsecured personal loan means you do not require to pledge an asset to receive the funds. The main reason behind the popularity of the loan is the end-use. You can use this loan for any purpose, whether it be a wedding expense, home renovation or a medical emergency.

The procedure for applying for a personal loan online is quite simple and can be done with ease. You will also require the right set of documents to get the loan approved and the loan process to move ahead smoothly. To apply for the personal loan, it is advisable to check your personal loan eligibility. The eligibility criteria for a personal loan is quite basic.

Eligibility for a personal loan

Bajaj Finserv personal loan eligibility criteria require applicants to be Indian citizens, aged between 23 and 58 years and employed with a private company, public company or an MNC. A stable income shows that you have the ability to repay the loan in time. You need to meet the salary requirement as per your city of residence to qualify for the loan. You can use the Bajaj Finserv personal loan eligibility calculator to estimate whether you are eligible for the personal loan or not.

Documents required for the loan

To apply for a personal loan with Finserv MARKETS, you need to submit the below-mentioned documents.

  • Proof of Identity documents, which include your PAN card, Passport, Voter’s ID card, Driving license or Aadhaar card; you can choose to provide any of the documents mentioned here

  • Proof of residence documents which include the gas bill, electricity bill, passport, lease deed or license agreement

  • Proof of income documents, which include the income details of the last three months; you need to provide the bank statements for the last three months. It will be used to calculate the outstanding loans, the credit score, credit history and your ability to repay the loan in time.

  • Salary slips for the previous three months

  • Three passport-sized photographs

When you fill-up the application form, you will be asked to submit the requisite documents. Start by personal loan eligibility check and simply submit the documents to avail of the funds. You can repay the loan with the flexible repayment tenure ranging from 12 months to 60 months. The personal loan eligibility calculator is available online and is easy-to-use. You will have to provide details about your age, city of residence, and monthly income and expenses. The calculator will give you an estimate and inform you if you are eligible for the loan or not. It will also show the amount of money you are eligible to borrow. If you have a high monthly income, your loan amount will be high because your repayment capacity will also be on the higher side.

Learn more about instant personal loan

Since, Bajaj Finserv Personal Loan by Finserv MARKETS are unsecured loan it offers you instant help in times of need. The complete online application process for this loan is hassle-free, requires minimal documentation and can be approved within minutes. Get an instant personal loan of up to 25 lakh and fulfill all your necessities.

Learn more about low interest personal loan

Learn more about personal loan EMI

Check your CIBIL Score for personal loan

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!