What are the documents required for getting personal loan?

Documents Required for Personal Loans

  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).

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Moreover, can I get loan without income proof?

Is it possible to get a personal loan for self-employed without income proof? No, without income proof you cannot avail personal loans. You will need to provide bank statements as proof of your income.

Likewise, people ask, can I use an offer letter as proof of income for personal loan? If you already have a new job offer but have not yet started, you can apply for a personal loan. Provide your offer letter showing your start date and pay with your application. You should be able to borrow with a longer term and lower payment once you have a job offer.

People also ask, do personal loans check income?

PERSONAL LOANS DO NOT REQUIRE AVAILABLE INCOME VERIFICATION. Lenders won’t work with you if you don’t have steady income. These are only a few of the options available to you for financing. Individual loans cannot be obtained by those without a source income.

How many payslips do I need for a personal loan?


What is the best way to get a personal loan?

Here’s how you can find the best personal loan for your needs.

  1. Identify the purpose of the personal loan.
  2. Prequalify for a personal loan.
  3. Fill out an application.
  4. Compare rates and fees.

What proof of income do you need for a personal loan?

Evidence of income may include recent tax returns, monthly bank statements, pay stubs and signed letters from employers; self-employed applicants can provide tax returns or bank deposits.

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