Documents Required for a Personal Loan

Documents Required for a Personal Loan

The documents required for a personal loan may include KYC documents, PAN card, income proof, bank statements and employment proof. The exact documents required can vary based on your profile, loan application and applicable verification requirements.
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Last updated: October 2026


In summary

The documents required for a personal loan help verify your identity, address, income and employment details. Salaried applicants may be asked to provide recent salary slips, bank statements and an employee ID card.


  • KYC documents may include Aadhaar, passport, voter’s ID, driving licence, Letter of National Population Register or NREGA job card.
  • PAN card may be required for financial and tax-related verification, as applicable.
  • Salary slips for the last 3 months can help verify your income.
  • Bank account statements for the previous 3 months can help verify your income and banking details.
  • An employee ID card may be required to verify your employment details.
  • Additional address or income-related documents may be requested based on your profile and applicable verification requirements.
  • A real-time photograph or image may also be required as part of the applicant verification process.

Keeping the required documents ready can help you complete the application and verification process efficiently. The final document requirement depends on your profile and the applicable loan terms. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

Which documents may you need for a personal loan?

You may need to provide documents for identity, address, income and employment verification. Commonly requested documents can include:


DocumentPurpose
AadhaarIdentity and address verification
PassportIdentity and address verification
Voter's IDIdentity and address verification
Driving licenceIdentity and address verification
Letter of National Population RegisterIdentity and address verification
NREGA job cardIdentity and address verification
PAN cardFinancial and tax-related verification
Employee ID cardEmployment verification
Salary slips for the last 3 monthsIncome verification
Bank account statements for the previous 3 monthsIncome and banking verification
Piped gas billAddress verification
Pension orderPension or income verification
Letter of Allotment of Accommodation issued by EmployerAddress verification
Property or Municipal tax receiptAddress verification
Utility billAddress verification
Phone billAddress verification
Real-time image / photographApplicant verification

The documents you need to submit may vary based on your employment type, profile and applicable verification requirements. You should provide the documents requested during your application.

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KYC documents for a personal loan

KYC documents help verify your identity and address during the personal loan application process. The following documents may be accepted for KYC verification:


  • Aadhaar
  • Passport
  • Voter’s ID
  • Driving licence
  • Letter of National Population Register
  • NREGA job card

The applicant should provide the KYC document requested during the application and verification process. The document should be valid and meet the applicable verification requirements.

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Income and employment documents

Income and employment documents help verify your earnings and employment details. Salaried applicants may be asked to provide salary slips for the last 3 months and bank account statements for the previous 3 months.


An employee ID card may also be requested to verify employment details.


The documentation required for self-employed applicants or applicants with other income sources may differ based on their profile and the applicable verification process.

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Address proof documents

You may be asked to provide an accepted address proof during the verification process. Depending on the applicable requirements, this may include:


  • Piped gas bill
  • Utility bill
  • Phone bill
  • Property or municipal tax receipt
  • Letter of Allotment of Accommodation issued by the employer
  • Aadhaar
  • Passport
  • Voter’s ID
  • Driving licence

Some documents may serve both identity and address verification purposes. The document provided should meet the applicable validity and verification requirements.

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Is a photograph required for a personal loan application?

A real-time image or photograph may be required during the personal loan application to verify the applicant's identity. It can form part of the digital verification process and helps confirm that the person submitting the application matches the details provided.


The photograph may be captured during the application rather than submitted as a separate document. The exact requirement and verification method can depend on the application process and the applicant's profile.


If required, the applicant should provide the real-time image through the authorised application or verification process.

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What if you do not have one of the required documents?

If you do not have a particular document required for a personal loan application, you may be able to provide another document from the accepted list, depending on the verification requirement. For example, different documents may be accepted for identity, address, income or employment verification.


Before submitting an alternative document, check whether it is accepted for the specific verification requirement. The documents accepted can also vary based on your employment type and applicant profile.


If a document is not available, follow the instructions provided during the application process rather than submitting an unrelated document. Provide clear, valid and accurate documents through the authorised application or verification channel.


If additional documents are requested during verification, submit them as instructed to complete the application process.

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How should you prepare your documents before applying?

  • Preparing the required documents before applying for a personal loan can help make the application process more organised. Keep the requested identity, address, income and employment documents readily available.


    Before submitting them, check the following:

    • Ensure the documents are valid and readable.
    • Check that your name and other details are consistent across the documents.
    • Keep clear copies or images in the format requested during the application.
    • Ensure the salary slips and bank account statements cover the required period.
    • Keep your PAN card and KYC documents available for verification.
    • Keep the real-time image or photograph ready if requested during the application.

    Submitting the required documents does not guarantee loan approval. The application remains subject to applicable eligibility criteria, document verification and other terms.

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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Frequently asked questions

Overview

What are the key documents needed for a personal loan?

Key documents may include KYC documents, PAN card, salary slips, bank statements and employment proof. Additional documents may be requested based on your profile and applicable verification requirements. Know more about the personal loan documents required during application.

Keep your KYC, PAN, income and employment documents ready, ensure the details are accurate and provide the requested information promptly. Complete all applicable verification requirements to help avoid delays.

Personal loans are generally unsecured, so collateral or security is not typically required. However, approval remains subject to the applicable eligibility criteria, verification and loan terms.

Keep your latest salary slips and recent bank account statements ready. Ensure the documents are clear, valid and contain accurate details matching your application and other submitted information.

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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000