Documents to Apply for a Personal Loan - Ruloans

Personal loan is an unsecured loan that you can use to meet personal financial needs, such as medical expenses, vacation, higher education, wedding, home renovation, debt consolidation, etc. We, at Ruloans, are committed to making your borrowing journey as smooth as possible. Our personal loan requirements are minimal and concise. To apply for a personal loan, all you need are a few documents. There’s no heavy paperwork involved. Please note that the personal loan documents list for salaried and self-employed individuals differ from each other. We will take you through both these requirements. Basically, the documents required for personal loan include KYC proof, income proof, business details, and a few more. We request you to submit accurate details and papers so that we can process your loan application in the shortest possible time.

When applying for a personal loan, you will need to submit the following documents:

1. PAN Card

2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)

3. Signature Proof (Passport, PAN card, etc.)

4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill, gas or electricity bill, Voter ID, ration card, rent agreement, etc.)

5. Bank statements of the past 6 months

As a salaried individual, you additionally need to submit the following:

1. Salary slips for the last three months

2. Income tax returns OR form 16

As a self-employed individual, you additionally need to submit the following (for self / business entity as applicable):

• Balance sheet and profit and loss account, income computation for the last 2 years

• Income Tax Returns for the last 2 years

• Business proof (License, registration certificate, GST number)

• IT Assessment OR Clearance Certificate

• Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR.