05 AUGUST, 2021

Personal loans are an unsecured form of credit. Since you don’t need to provide collateral, the documentation required for personal loans is lesser compared to other secured loans. You can apply for a personal loan with basic documents like your ID, proof of residence and income, and bank statements.

The list of documents is the same for both existing and new customers. You can even get online approval for your personal loan; apply with minimal paperwork, and get instant approval with a Kotak Mahindra Bank Personal Loan.

Before you make an application, ensure that you have the details of your application figured out. For instance, how much money do you need to borrow and for what? How long do you need to repay the loan? Having these details figured out and the required documents ready to submit can make the application process smoother.

Documents Required for a Personal Loan
You will need to submit the following documents required for a personal loan when you apply.

Loan application
The personal loan application form asks for basic information. For instance, it will ask for your name, loan amount, and purpose of the loan, among other things. The application also requires you to attach two passport-size photographs. Offline applicants need to submit a physical form in person. However, if you’re applying online, you can complete the entire application process online.

Proof of identity
Proof of identity is required for verification of your basic details, such as your name, nationality, and age. You may submit any of the following documents as identity proof:

  • Aadhaar card
  • Voter ID
  • Driving license
  • Passport
  • PAN card


Proof of residence
The RBI requires lenders to verify the borrower’s address with proof of residence. You may attach any of the following documents as proof of residence:

  • Aadhaar card
  • Voter ID
  • Driving license
  • Passport
  • Utility bill
  • Telephone bill
  • Registered rent agreement


Proof of income
Personal loans aren’t backed by collateral. This makes it imperative for the lender to verify that you have a reliable source of income from which you can repay the loan. If you’re a salaried individual, you may submit the following documents as your proof of income:

  • Salary slip (previous three months)
  • Income tax returns
  • Bank statements

If you’re self-employed, the following documents may be submitted as proof of income:

  • Proof of business (Certificate of incorporation, GST registration, Shop Act License)
  • Income tax returns
  • Bank statements for current account
  • Audited financial statements


Applying for a personal loan is an easy process. However, a little bit of planning goes a long way in securing the money you need. Before you make an application, ensure that you’re clear on the purpose and amount of the personal loan. Use the Personal Loan EMI Calculator to understand how much you will need to set aside each month to service the loan.

When you have these details figured out, compile the required documentation and submit a personal loan application. Once we receive your application, we will try to approve the loan and disburse the funds at the earliest.


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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.