What Are The Universal Personal Loan Documents In India?

Personal loans are an excellent option for those who need cash to meet urgent financial needs. Although personal loans are typically secured, you can pay off the principal early and avoid paying interest. It is important to note that the documents you use when applying for a personal loan will determine whether or not you are approved for the loan. You must fill out all of the information requested on your loan application correctly in order to get approved. If you do not, this could result in a delay in receiving your funds or may even prevent you from obtaining a personal loan altogether. In this article, we’ll talk about some of the universal personal loan documents required for the approval of personal loans in India.

Pan card

The Pan Card is a document that is required for getting a personal loan from banks, finance companies, or non-banking financial companies. The PAN card is issued by the Income Tax Department and it allows you to open an account and get a personal loan from any bank in India. The PAN card is also used for managing tax returns, paying taxes, filing ITRs, and applying for a Permanent Account Number (PAN). You can apply for your first PAN card between the ages of 12 to 60 years. You must have filled up Form No. 20AS (AADHAR CARD) form which will be submitted online by you along with other necessary documents.

Also Read: Pan card mobile number link online

Aadhar card

Aadhaar is a 12-digit number issued by the Unique Identification Authority of India (UIDAI). It’s used as proof of identity and address in India. The UIDAI was established in 2009 to issue unique identification numbers to residents of India. It is a proof of identity, address, and domicile, and it can be used for various purposes such as opening a bank account, getting an education or health insurance, getting a job, and many more. The card also has fingerprints and an iris scan on it that helps to identify you. This information is stored in the Central Identities Data Repository (CIDR) database owned by the Unique Identification Authority of India (UIDAI).


A passport as a personal loan document is a financial tool that helps you secure your future. This document is issued by the government of India to all its citizens. It acts as proof of identity and nationality. You can use it as proof of address in case you have to open an account or open a bank loan. A passport also acts as an ID card, irrefutable proof of your citizenship, and can be used as an identity document. The passport is valid for 10 years after which it needs to be renewed by visiting the Indian embassy or consulate office.

Bank statement for the past 6 months

A bank statement is one of the most important documents that you need to have in your possession when applying for a personal loan. It can help you get approved faster and secure a better rate. This is because bank statements show the amount of money you have in the bank and how much money you owe other people. It also shows how much money you have spent on credit cards, loans, and other types of debt. It’s very important to keep track of your spending so that you don’t end up owing more than what your salary will cover each month.


Personal loans are a great way to get money when you need it. They provide short-term solutions, and they can help you put your finances in order if you’re having trouble paying other bills. Personal loan documents are important because they protect you, your lender, and anyone else involved with the loan from liability concerns. Knowing your rights and responsibilities as well as what the document says is important.

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