List of Personal Loan Document Requirement in India

Personal Loan Documents

Every loan entails a documentation process and personal loans are no different. However, at Kotak Mahindra Bank, we believe that less is more. That is why we have made our personal loan documentation process smooth and hassle-free. Just a few basic documents are all you need to furnish when applying for our personal loans. We would assess your eligibility based on such documents and grant you the loan, as quickly as possible.

Whether you are an existing customer of Kotak Mahindra Bank or are a new one, we don’t differentiate. There is a list of documents that we require for processing your personal loan application. Just submit copies of such documents and you are sorted.

Documents required to get Personal Loan Online

Here’s the list of documents required to get personal loan up to Rs. 5 lakhs:

PAN Card
Aadhaar Card
Last 3 months bank statements of salary account - not required if upload via net banking

Here is the indicative personal loan documents list that you would have to submit to avail personal loan of up to Rs.40 lakhs:

A valid identity proof like your PAN Card, passport, Aadhaar card, Voter’s ID Card or driving license
A valid residence proof like your passport, Aadhaar card, Driving license
Bank statement of the last 3 months that contains your income details
Salary slip of the last 3 months if you are a salaried employee
2-3 passport sized photographs

General Questions Related to Personal Loans

What documents are required for personal Loan?

To avail of a personal loan from Kotak Mahindra Bank, you need to submit your basic KYC documents along with an income proof and photographs. The documents required include a valid ID proof, address proof, bank statement and salary slips of the last 3 months and 2-3 passport-sized photographs.

Which proof of income is accepted for a personal loan application?

If you are a salaried employee, your salary slip and bank account statement are accepted as proof of income. For self-employed individuals, however, the income tax returns of the last few years, bank statement and financial statements might be the documents required for personal loan application.

Is it important to submit all the documents required while applying for a personal loan?

Yes, it is important to submit all documents when you apply for a personal loan. If you miss any document, the loan application might get delayed as the bank would need all the documents to process your loan application.

Frequently Asked Questions

What are the key documents required for Kotak Bank's Personal Loan?

The key documents required for availing a personal loan from Kotak Mahindra Bank are as follows -

Identity proof like PAN Card, voter’s ID card, passport, Aadhaar card, etc.
Age proof like voter’s ID card, passport, Aadhaar card, birth certificate, etc.
Address proof like utility bills, rent agreement, passport, etc.
Bank statement and salary slips of the last 3 months
2-3 Passport size photographs

What are the personal loan documents required for salaried applicants?

Personal loan documents for salaried person includes the last 3 months’ salary slips along with KYC documents and bank statements.

What is the documentation process for a pre-approved Personal Loan?

A pre-approved Personal Loan is an Instant Loan facility offered to select customers of Kotak Bank. This does not require any collateral/ documents.

If a customer has a good credit history, he/she becomes eligible for pre-approved personal loan. This has a quick processing time and loan gets disbursed instantly in customer bank account.

Are there any documents that I should submit post-sanction or pre-disbursement of my personal loan?

No, the documents are required when applying for the loan. No post-sanction or pre-disbursement documentation is needed before availing the loan.

Is it necessary to submit original KYC documents while availing personal loan?

You would have to submit self-attested copies of all the KYC documents when availing of a personal loan along with the personal loan processing fees. The original documents might be required by the bank to verify the copies that you have submitted.

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Reviewed on 03/23/2022

Documents required for Personal Loan

Personal Loan Documents

Documents required to get Personal Loan Online

General Questions Related to Personal Loans

What documents are required for personal Loan?

Which proof of income is accepted for a personal loan application?