Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

What are the documents required to apply personal loan for salaried people?

vipul singh (others) (39 Points)

10 August 2022

Reply
Follow
Share

3 Replies

surajchavan (Others) (52 Points)
Replied 16 August 2022

A personal loan for salaried is a very good option, whenever you run out of financial steam. The best part of personal loans is that they do not need any collateral. However, there are certain eligibility criteria one has to fulfill. To complete the verification you will need several documents. Below is the complete list.

Photo ID Verification

PAN card, voter ID, Aadhaar card, passport, driving license, and other documents serving as proof of address

Proof of age

A passport, a driver's license, an electricity bill, and a phone bill. Driver's license, Passport, Voter ID

Proof of Income

Last sixty days bank account statement,

30 days salary slips, most recent income tax returns

Photographs

2 passport size photos, preferably coloured.

With EarlySalary you get easy documentation. So, you need not to worry seeing the long list we mentioned. Just apply for a personal loan for salaried employees online. Scan your documents and upload. You are all done!

For further information visit:-

https://www.earlysalary.com/personal-loan-for-salaried-professional/

Upgrade to CAclubindia Pro. Subscribe Now!

Sarah Wiiliams (manager) (24 Points)
Replied 05 May 2023

Depending on the lender's standards and your unique situation, the particular papers needed to qualify for a personal loan may change. However, the following typical records are typically needed when salaried people apply for a personal loan:

Passport, Aadhaar, PAN, driver's license, voter ID card, or any other government-issued ID card may be used as identification.

Utility bills, rental agreements, passports, licenses, Aadhaar cards, and other government-issued identification cards are acceptable forms of address evidence.

Income documentation can be provided in the form of Form 16, tax returns, Form 16, or pay stubs from the previous three to six months.

Employment verification: A letter from the employer appointing you or a certificate of employment.

bank statements: Bank records from the previous six to twelve months.

Photos: Photos the size of a passport.

It's vital to keep in mind that lenders may need additional paperwork depending on their particular needs and your unique situation. Before submitting an application for a personal loan, it is advisable to check with the lender to obtain a complete list of the paperwork needed. Additionally, to avoid any problems during the loan application process, make sure that all of the documents submitted are valid and current.
For further information visit:-

For further information visit:-

https://www.indiainfoline.com/personal-loan

PARUL YADAV (finance expet) (93 Points)
Replied 21 June 2024

To apply for a personal loan as a salaried individual at Kotak Mahindra Bank, you'll need several documents. These typically include a filled application form, proof of identity (such as a PAN card, Aadhaar card, or passport), proof of address (utility bills, rental agreement, etc.), recent salary slips (usually for the last 3 months), bank statements reflecting salary credits (for the last 6 months), and Form 16 or Income Tax Returns. It's always a good idea to check Kotak Mahindra Bank's official website.