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List of Documents Required for Personal Loan

Documents Required

Photo Identity Proof

  • PAN Card
  • Voter ID
  • Aadhaar Card
  • Passport
  • Driving License

Proof of Residence or Address Proof

  • Voter ID
  • Aadhaar Card
  • Passport
  • Driving License
  • Electricity Bill
  • Telephone Bill
  • Ration Card

Age Proof

  • PAN Card
  • Driving License
  • Passport
  • Voter ID
  • Aadhaar Card

Income Proof

  • 6 months Bank statement
  • 3 months Salary Slips

Employment Proof

  • Employment Certificate

Office Address Proof

  • Electricity Bill
  • Telephone Landline Bill
  • GST or VAT Registration for Self-employed

Tax

  • Form 16
  • Latest Income Tax Returns

Photograph

  • Passport-Size Photographs
Eligibility

Eligibility Criteria and Documentation

What's the Eligibility Criteria and Documents Required for Salaried Individuals?

If you're a salaried person and want to apply for a Personal Loan, you must meet the following criteria.

Eligibility Criteria

  • You must be between 20 to 60 years of age
  • You must be Resident Citizen of India
  • You must be Salaried Individual Employed with an MNC, Public Limited, or Private Limited Company
  • You must have a monthly income of at least Rs.15,000
  • You must have at least 1 to 3 years of work experience
  • You must have a Minimum Credit Score of 750 - Click here to check Free Credit Score https://www.ruloans.com/credit-score.htm

Documentation

  • Photo Identity Proof
  • Proof of Residence or Address Proof
  • Income Proof
  • Employment Proof
  • Form 16
  • Tax Return Certificates
  • Passport-Size Photographs

What's the Eligibility Criteria and Documents Required for Self-Employed Individuals?

If you're a Self-Employed person and want to apply for a Personal Loan, you must meet the following criteria.

Eligibility Criteria

  • You must be a Self- Employed Individual
  • You must be at least 21 Years of Age
  • Your Annual Income should match the Eligibility Criteria set by the Bank
  • Your Business must be running for at least 2 years

Documentation

  • Photo Identity Proof
  • Proof of Residence or Address Proof
  • Proof of Business - Certificate of Incorporation, Certificate of Registration with Appropriate Registration Body
  • Income Proof - 2 years Income Tax Returns, Certified Profit And Loss Statement
  • Passport-Size Photographs

What's the Eligibility Criteria and Documents Required for NRI Applicants?

If you're a Non-Resident Indian and want to apply for a Personal Loan, you must meet the following criteria.

Eligibility Criteria

  • Age
    • Employed - 21 to 60 Years
    • Self-Employed - 21 to 68 Years
  • Work Experience
    • Employed - 2 Years with at least 1 Year in Current Organisation
    • Self-Employed - Minimum 2 years in Current Business
  • Required - Co-Applicant must be a Direct Close Relative

Documentation

  • Photocopy of Passport and Visa of NRI
  • Yours and Co-Applicant's Proof of Identity
  • Yours and Co-Applicant's Address Proof
  • Income Proof
    • 6 Months Indian and International Bank Account Statement for last 6 months
    • Salary Certificate in English or 6 Months Salary Slips
  • Employment Proof
    • Appointment Letter
    • Job contract
    • HR's email ID or official email ID
    • Labour | Identity card | CDC for NRIs working in the Middle East or employed in Merchant Navy
  • If present in India during the application, and you will have to provide Power of Attorney attested or notarized locally. In case away, you will have to provide the Power of Attorney attested by the Indian Consulate of NRI's Resident Country.
  • Passport-Size Photographs

What's the Eligibility Criteria and Documents for Pensioners?

If you're a Pensioner and want to apply for a Personal Loan, you must meet the following criteria.

Eligibility Criteria

  • You must be Under the Age of 76 years
  • You must provide a Third-Party Guarantee

Documentation

  • Photo Identity Proof
  • Proof of Residence or Address Proof
  • Proof of Income
  • Form 16
  • Tax Return Certificates
  • Passport-Size Photographs
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