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Personal Loan Documents

With Airtel Finance, you don't need to submit any documents to get your Personal Loan application approved. The entire process is digital, making it super quick and easy. All you need to do is head on to the Airtel Thanks App and enter your details there.

List of Personal Loan Documents

Your personal loan application needs very few details!

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  • PAN card number
    Provide PAN details

  • Aadhaar card number
    Provide Aadhaar details

  • KYC documents
    Passport, Voter ID, etc.

  • Bank statements
    From the last 3 months

  • Salary slips
    Of the last 3 months

  • Your photo
    Upload a selfie

How to apply for a Personal Loan?

Follow the simple steps mentioned below

  • Open Airtel Thanks App
    Find Shop > Airtel Finance

  • Select Flexi Credit
    Fill in your basic details

  • Get best offer
    Basis profile verification

  • Complete the KYC
    Link your bank account

FAQs on Documents required for Personal Loan

What documents are typically required for a personal loan application?

You are required to submit the following documents for a personal loan application:
  • PAN Card, Aadhar Card, Voter ID Card, Driving licence
  • Passport size photograph
  • Bank account statements for the last 3 months
  • Salary slips for the last 3 months

What is considered proof of identity for a personal loan application?

The proof of identity for a personal loan application generally includes one or more of the following documents:
  • Aadhar Card
  • PAN Card
  • Passport
  • Voter ID Card
  • Driving Licence
  • Birth Certificate
  • Ration Card

What documents can I use to prove my address?

You can use any of the following documents to prove your address:
  • Aadhar Card
  • Driving licence
  • Passport
  • Voter ID Card
  • Landline bill
  • Electricity bill
  • Bank statements
  • Income Tax Returns (ITR)
  • Gas bill

How can I provide proof of income for a personal loan application?

You can use any of the following documents to provide proof of income for a personal loan application:
  • Recent Salary Slips
  • Bank Statements
  • Income Tax Returns (ITR)
  • Investment Statements

Are there any specific requirements for self-employed individuals when it comes to income documentation?

Yes, there are specific requirements for self-employed individuals when it comes to income documentation such as:
  • Bank Statements
  • Income Tax Returns (ITR)
  • Business Registration Certificate
  • GST Returns
  • Audited Financial Statements (Balance Sheets, Profit and Loss Statements)
  • Business Contracts

Do I need to provide my employment history or business details as part of the application process?

You need to provide details about your employment history or business details depending on your source of income. Here is what you need to provide as a salaried employee:
  • Salary Slips
  • Bank Statements
  • Appointment Letters
  • Employment Details
For self-employed individuals:
  • Bank Statements
  • Income Tax Returns (ITR)
  • Business Contracts
  • Business Registration Documents
  • Business Details

What role do bank statements play in the personal loan application process, and how far back should they go?

Bank statements play a pivotal role in the personal loan application process as they assess your financial stability. You would need to provide the last 6 months' bank statements for your personal loan application.

Is it necessary to submit my credit report as part of the application, or will the lender obtain it themselves?

The lender will request your permission to access your credit report as a part of the personal loan application.

What is the significance of providing a guarantor or co-applicant's documents, if required?

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Are there any specific requirements or additional documents for a joint personal loan application?

While applying for a joint personal loan both parties need to provide a few common documents:
  • Identity proof
  • Address proof
  • Income proof
  • Bank statements
  • Passport-size photographs
  • Loan Agreement
  • Credit scores of both parties
  • Employment or business details

Do I need to provide any collateral or security documents for a personal loan, or is it typically unsecured?

You do not need to provide any collateral or security documents for a personal loan as it is already unsecured.

What happens if I don't have some of the required documents?

Your loan application may get rejected if you do not have the required documents.

Can I use digital copies or scanned documents for my personal loan application, or do I need to provide physical copies?

You are required to submit scanned copies of the necessary documents for your personal loan application online.

How long does it generally take for the lender to verify and process the documents once I've submitted my application?

It takes 2-3 working days to a couple of weeks for the lender to verify and process the documents completely for the personal loan application.

Are there any specific requirements for foreign nationals or non-residents applying for a personal loan?

Foreign nationals or non-residents of India are required to submit their identity proof, address proof, passport-size photographs, valid passports and visas, income tax returns (ITR), salary slips (for employed individuals), and bank statements.

What is the importance of a pre-approved loan offer, and do I still need to submit all these documents for it?

Since pre-approved loans are for existing customers, the lenders already have all the necessary documents and credit value. Therefore, it is not required to submit the documents again.

Is there a difference in document requirements between secured and unsecured personal loans?

Secured and unsecured loans need different types of documents. You need to provide identity proof, address proof, income proof, and employment proof to apply for a secured loan. For an unsecured personal loan, you need to provide collateral documents along with identity proof, address proof, income proof, and employment proof.

Do the document requirements vary from one lender to another, and if so, how can I find out what a specific lender requires?

The basic document requirements are the same but it may vary from lender to lender and the type of loan you are applying for. You may contact the lender, visit a local branch, or check the document requirements online on the website.

What precautions should I take to ensure the security and privacy of my personal and financial documents during the application process?

You must choose a reputed bank, keep a strong and unpredictable password, and a secured Wi-Fi connection, use 2-factor authentication, upload your documents wisely, and avoid sending sensitive documents via email to ensure the security and privacy of your personal and financial documents during the application process.

Are there any additional documents or requirements for specific types of personal loans, such as debt consolidation or medical loans?

For debt consolidation, you need to provide identity proof, address proof, employment proof, and list of debts. Whereas for medical loan you are required to submit identity proof, address proof, employment proof, medical bills, and a purpose statement stating the need for medical loan.

Personal Loan Lending Partner -
Airtel Flexi Credit

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Documents required for Personal Loan

Personal loans can be a great source of financial aid for individuals. You are required to submit a few documents before applying for a loan. It depends on whether the individual is employed or unemployed. Personal loan terms and interest rates can vary greatly between lenders, so shop around and compare offers from other financial institutions to discover the best conditions for your needs. Documents required for personal loans are quite simple and basic.

The interest rate is charged on the loan amount and is included in the monthly EMIs. Use the personal loan interest rate calculator to know the EMI amount according to the loan tenure.

List for Personal Loan Documents for Salaried Personnel-

Here is the list of personal loan documents required for salaried employees-

Proof of Photo Identity-
  • PAN Card
  • Passport
  • Voter ID Card
  • Driving Licence
  • Aadhar Card
Proof of Residence-
  • Passport
  • Aadhaar Card
  • Utility Bill
  • Ration Card
  • Property documents
  • Electricity bill
  • Maintenance bill
Proof of Income-

Salary slips for the last three months along with Form 16 Bank statement for the previous six months where the salary has been credited

Proof of Job Continuity-
  • Employment certificate from the current employer
  • Certificate of experience
  • Appointment letter from the current employer
Proof of Investment-

Fixed assets, shares, fixed deposits, etc.

Photograph -

One passport-size Colour photograph

List Personal loan documents for Self Employed Applicants-

Proof of photo identity-

  • Passport
  • Voter ID Card
  • PAN Card
  • Driving Licence

Proof of Residence-

  • Passport
  • Aadhaar Card
  • Utility Bill
  • Ration Card

Proof of Residence Ownership-

  • Property documents
  • Electricity bill
  • Maintenance bill

Proof of Office Address-

  • Maintenance bill
  • Property documents
  • Utility bill

Proof of Office Ownership-

  • Maintenance bill
  • Property documents
  • Electricity bill

Proof of Business Existence-

  • Tax registration copy
  • Company registration licence
  • Shop establishment proof

Proof of Income-

Income tax returns for the last two years inclusive of Computation of Income, audit report, balance sheet, profit and loss account, etc.

Bank statement-

Savings and current bank statements for the past year

Proof of Investment (if any)-

Investments such as fixed assets, fixed deposits, and shares

Photograph-

One passport-size colour photograph

Personal Loan Documents List for Business Owners-

Here is the list of personal loan documents required for business owners-

Identity proof-

  • Passport
  • Aadhaar card
  • Voter ID card

Address proof-

  • Aadhaar card
  • Utility bills
  • Voter ID card, etc.

Salary slips or proof of income-

  • Form 16 Income Tax Return Certificates Personal loan application form
  • List of Documents Required for Pensioners-
  • Here is the list of personal loan documents required for pensioners-

Proof of Identity-

  • PAN card
  • Voter ID card
  • Ration card
  • Passport Driving licence
  • School leaving certificate
  • Birth certificate

Proof of Address-

  • Aadhaar card
  • Passport
  • Ration card
  • Utility bills
  • Driving licence

Proof of Income-

  • Bank passbook
  • Bank statements for the last 6 months
  • Form 16
  • Income tax returns
  • Copy of pension payment order

Photographs-

A recent coloured passport-size photograph