Guides · Personal loan
What documents do I need for a personal loan?
In short
For a salaried borrower: PAN, Aadhaar or another address proof, the last three months' salary slips and the last six months' bank statements; self-employed borrowers replace the salary slips with two years of ITRs and business proof. Most lenders now verify PAN and Aadhaar digitally in minutes, so the paperwork that actually slows an application is bank statements that don't match the declared salary.
Updated 8 September 2026 · by Finsa, a Lending Service Provider — not a lender.
The standard list
Lenders vary at the margins, but the core is the same everywhere.
| Identity | PAN card, and Aadhaar for e-KYC (a passport, voter ID or driving licence also works as identity proof) |
|---|---|
| Address | Aadhaar, passport, utility bill or rent agreement |
| Income, salaried | Last three months' salary slips; sometimes Form 16 or the last ITR |
| Income, self-employed | Last two years' ITRs (income-tax filings) with computation, and proof the business exists (GST registration, shop licence, or similar) |
| Bank statements | Last six months, the account where salary or business income lands |
| Employment | Offer letter or ID card; the lender may also call HR |
| Photo | One passport-size, or a selfie during video KYC |
What is checked digitally now
Under RBI's know-your-customer rules a lender can verify Aadhaar with an OTP and fetch the record from DigiLocker, pull PAN details from the income-tax database, and read bank statements through the account-aggregator framework with your consent. That is why an application that used to take a week of photocopies can be decided in a day. Video KYC — a short recorded call where you show the original PAN — replaces the branch visit for most digital lenders.
What slows approval
The list is short and predictable.
- Bank statements that don't show the salary you declared, or show it landing irregularly.
- A PAN name that differs from the Aadhaar name by more than a spelling variant.
- Bounced EMIs or dishonoured cheques in the statement period.
- A recent job change with no salary credit yet from the new employer.
- An address that doesn't match any document, which forces a physical verification.
Where Finsa stands
The document list belongs to the lender you choose; Finsa asks only for what it needs to read your credit report — your PAN, mobile and consent. Checking your report through Finsa is a soft enquiry, which only you can see and which does not affect your score. Finsa is not a lender: it reads your report with your consent and puts your profile in front of RBI-regulated banks and NBFCs, who decide eligibility, rate and approval. The offers come with the lender's document checklist, and the lender's Key Fact Statement shows the fee, if any, before you upload anything.
People also ask
- Can I get a personal loan without salary slips?
- Some lenders accept six months of bank statements showing regular salary credits instead, especially for smaller amounts. Self-employed borrowers use ITRs (income-tax filings) rather than salary slips.
- Is Aadhaar mandatory for a personal loan?
- No. Aadhaar makes KYC instant, but any officially valid identity and address document is accepted under RBI's rules. Without Aadhaar, expect a physical or video verification instead.
- Do I need to submit originals?
- Usually no. Digital lenders verify PAN and Aadhaar from the source databases and see the original PAN on a video call; branches may ask to see originals once.
Sources
One application. Our lender partners answer.
Two minutes, a soft check that never touches your score. RBI-regulated banks & NBFCs send the offers; you pick.
Indicative starting rate. Your actual rate, fees and eligibility are set by the lending partner based on your credit profile.