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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Reviews

What Our Clients Say

I maintain my salary account for many years hence I got a pre approved loan offer via Ruloans. I choose ICICI BANK for personal loan. The amount was sufficient with tenure period of 3 years. EMI need to pay of 6,800 rupees. The rate of interest was 14% and processing fee was decent amount. The pre closure is applicable.

Omkar Bhagde

Digital Manager

I have taken personal loan through Ruloans. still this loan is active on my account and the rate of interest and processing fee was good as I compared the rates and charges of different bank to finalise. This loan was availed for personal use and it was a paperless approval since have saving account ,loan got sanctioned on time.

Paritosh Wankhede

Manager - Advertising Ad Operations

Ruloans service is fine as you can compare to other bank. When I chose personal loan from ICICI, they provided me a interest rate of 15%. With Ruloans I got help and took same loan at 12%. For the home renovation purpose, I approached Ruloans and they asked the proper documents to submit. Once I have given the same, they have sanctioned the loan to my account within 3 days.

Paramjit Kaur

Senior Manager

Personal Loan at a desirable rate! Thanks, Ruloans for assisting me throughout the process.

Parth Dhawale

Professor

You Dream and We make your Dreams come True!