# Tags

Important Documents needed for Personal Loan in Delhi

Personal Loan

A Personal Loan is a type of loan which is an unsecured credit provided by various financial institutions like banks, credit unions or personal lenders. A Personal Loan is also referred to as a consumer loan. You can use this to pay a debt, finance a vehicle, purchase an appliance, pay an emergency expense and many more. It is a multi-purpose loan. The documentation process plays a significant role in the sanction of the loan. That is why one needs to get the documentation right to avail of this loan. Doing this helps you to get the loan smoothly and speedily.

To procure Personal Loan in Delhi, you need a few documents listed below. These documents are essential, and you cannot be careless with them, so make sure that you sincerely manage them. 

Also Read  – ₹5 लाख पर्सनल लोन

  • Filled and signed application form
  • Passport size photos
  • Identity proof (aadhar card/passport/driving license/voter id)
  • Address proof (copy of ration card/electricity bill/rent agreement/gas connection bills
  • Age proof (birth certificate/SSC certificate/aadhar card/pan card/voter id)
  • Bank statements for the last six months
  • Xerox copies of pan card
  • Income tax returns(ITR) of at least the past three years
  • Salary slip for last three months
  • Form 16 

The above-jotted documents are compulsory for one to get the loan sanctioned. However, different financial institutions may ask for other documents also, depending on their requirements and your profile. In this case, you will have to connect with your lender to understand better what more documents they require. 

Additional Read – ₹10 लाख पर्सनल लोन

There are also some differences in the eligibility criteria for different individuals. You must also check those personal loan eligibility criteria before applying for a Personal Loan. You can compare different financial institutions to analyse which one of those facilitates you with the best interest rates and other facilities. Accordingly, you can apply for a loan.

Leave a comment