What are the Required Documents for a Personal Loan

Do you have a personal loan? If not or you are planning to take it then this financenu guide is the best for you. Having a personal loan is beneficial for you as it can help you to cover a lot of expenses such as renovation, accidents, medical emergency or a vacation as well.

Let’s delve into this blog and find out that what documents do you need for a personal loan.

 

Identification Proof

You should have your identification proof while applying for Personal Loan in order to verify your identity. You can take either your passport, your Aadhar card, voter id card, driving license or you PAN card. Any of the document would work in order to prove your identity.

 

Address Proof

This is taken to confirm your residential address as they are providing loan to you. In order to confirm, you can submit any of these. Your utility bills this include electricity bill, water bill and gas bill. You may also submit rental agreement, your passport, Aadhar card or voter id card.

 

Proof of Income

Income proof elaborates about your capacity of repayment. That the amount of which you are taking loan you can repay it or not. For this you may submit your recent salary slip or your bank statement. You can also submit ITR for a proof.

Employment Proof

For this you may submit your employment certificate or if you are a self-employed person, you may submit your business registration certificate.

 

Consider Personal Loan Lowest Interest Rates as it covers the expenses and the process is quite easy if you understand it. The documents which are required collect them and it will easily simplify the process.