The documents required for a loan can vary depending on the type of loan (personal loan, home loan, business loan, etc.) and the lender. Below is a general list of documents that are typically required for most loan applications:
Identity Proof
PAN Card
Aadhaar Card
Passport
Voter ID
Driver’s License
2. Address Proof
Aadhaar Card
Utility Bill (Electricity, Water, Gas)
Passport
Ration Card
Bank Statement
Rent Agreement (if applicable)
3. Income Proof
For Salaried Individuals:
Recent Salary Slips (last 3-6 months)
Form 16 or Income Tax Return (ITR) for the last 2 years
Bank Statements (last 3-6 months) showing salary credits
For Self-Employed Individuals:
Income Tax Returns (ITR) for the last 2-3 years
Audited Financial Statements (Balance Sheet, Profit & Loss statement)
Bank Statements (last 6 months)
Business Continuity Proof (Business registration or trade license)
4. Credit Report
CIBIL Score or Credit Report (Typically required by the lender to assess your creditworthiness)
5. Loan Application Form
Duly Filled and Signed Loan Application Form with accurate personal, financial, and employment details.
6. Employment/Business Proof
For Salaried Employees:
Employment ID Card or Employment Offer Letter
Recent Salary Slips or Employer’s Declaration
For Self-Employed:
Business Registration Documents (for proprietorship, partnership, LLC, etc.)
Tax Returns or GST Registration
Professional License (if applicable)
7. Property/Asset Documents (For Secured Loans like Home or Auto Loans)
Title Deed of the property (for home loans)
Sale Agreement or Property Registration Documents
Property Tax Receipts
NOC (No Objection Certificate) from the lender (if applicable)
8. Guarantor Documents (If applicable)
Identity Proof (PAN Card, Aadhaar)
Address Proof
Income Proof (Salary Slips/ITR)
9. Photographs
Passport-sized Photographs of the applicant and any co-applicant (usually 2-3).
10. Additional Documents (For Specific Loans)
Home Loan: Proof of income, property documents, and valuation reports.
Business Loan: Business plan, cash flow projections, and financial statements.
Doctor’s Loan: Medical degree, professional license, clinic-related documents, etc.
Agricultural Loan: Land ownership documents, farming-related licenses, crop insurance, etc.
Project Loan: Detailed project report (DPR), feasibility study, etc.