Mandatory Documents
Duly filled loan application form, Passport size coloured photograph
Documents Required For Personal Loan
Loan up to ₹5 Lakhs
Minimum Salary Required ₹15K
Instant Approval
Personal Loan EMI Calculator
Personal Loan Documents
With Hero FinCorp, say goodbye to the cumbersome documentation process. Just submit your basic documents and get instant Personal Loan approval.
We help you meet your financial needs quickly and simply. At the time of an emergency, the need for funds is urgent and there is absolutely no time to waste. Knowing this, we have eliminated the cumbersome paperwork process for Personal Loan applications.
At Hero FinCorp, the documents needed for a personal loan are minimal; you need to furnish only a few basic documents such as KYC and income proof to avail of the loan. However, when applying for the loan, remember that the required documents for a Personal Loan are different for salaried and self-employed individuals. So, make sure you submit the right documents required for a Personal Loan to get instant approval.
List of Documents Required for a Personal Loan
Documentation is a crucial part of the loan application process. The documents needed for a personal loan differs slightly for self-employed and salaried individuals. Let's look at the personal loan documents list.
List of Documents Required for Salaried
Identity Proof
Driver’s Licence/ Passport PAN Card (mandatory)/ Aadhaar card
Residence Proof
Driver’s Licence/ Passport/ Aadhaar Card/ Ration Card/ Utility Bill
Residence Ownership Proof
Electricity Bills/ Maintenance Bills/ Property Documents
Income Proof
Last three months salary slips, Last six months bank account statement (salary account), Form 16
Job Continuity Proof
Appointment letter from the current employer, Experience certificate from the previous employer
List of Documents Required for Self-Employed
If you are a non-professional or a professional self-employed individual then the personal loan required documents slightly differ from that for salaried individuals.
Mandatory Documents
Duly filled loan application form, Passport size coloured photograph.
Identity Proof
Driver’s Licence/ Passport PAN Card (mandatory)/ Aadhaar card
Residence Proof
Driver’s Licence/ Passport/ Aadhaar Card/ Ration Card/ Utility Bill
Office Address Proof
Maintenance Bill/ Utility Bill/ Property Documents/ Rent Agreement
Business Existence Proof
Copy of Tax Registration/ Shop Establishment Proof/ Company’s Registration Certificate
Income Proof
Last six months bank statement, ITR for the last two consecutive years
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Frequently Asked Questions (FAQs)
To get instant approval, you need to furnish some basic documents for Personal Loans. These documents include a duly filled application form, KYC, income proof, and passport size photograph, among others. However, you should be aware that the Personal Loan documents needed for salaried borrowers and those for self-employed borrowers differ slightly.
The turnaround time depends on the list of documents for the Personal Loan that were attached for loan processing. At Hero FinCorp, if you fill your loan application form correctly and verify the documents to be submitted for a Personal Loan, the loan will be approved within 10 minutes.
When applying in person, you need to submit photocopies of your relevant documents such as KYC, income proof, etc. with your application. However, it is recommended that you carry all your original documents to the financial institution's branch so that their representatives can cross-verify the photocopies with the originals. Also, don't forget to carry along your recent coloured passport-size photograph when applying for the loan.
When applying for a Personal Loan online, you must provide your KYC details such as your Aadhaar card and PAN Card numbers and proof of income. You can opt for e-KYC by entering your Aadhaar card number which will instantly retrieve your identification and address information. Upon the successful verification of your documents, the lender will approve your Personal Loan application.
If you want to apply for a Personal Loan with less documents then pre-approved loans are ideal for you. Since pre-approved loans are mostly offered to previous or existing customers, the lenders already have your information saved in their database. Therefore, when applying for a pre-approved Personal Loan, you do not have to deal with the tiresome paperwork.
At Hero FinCorp, we offer flexible repayment terms starting from 12 months and extending up to 3 years. You can use a Personal Loan EMI calculator to opt for tenure with budget-friendly EMIs. Remember, a shorter tenure increases the EMI amount, while it saves the total interest payable. So make your decision wisely.
At Hero FinCorp, the minimum Personal Loan amount is Rs 50,000 and the maximum amount you can get is Rs 5 Lakh. You can check your Personal Loan eligibility online using our loan eligibility calculator and know the Personal Loan amount you are eligible to borrow.
If you earn at least Rs 15,000 per month, you are eligible for a Personal Loan at Hero FinCorp. However, there are several other factors based on which we determine your eligibility for a Personal Loan, including your credit history, current financial obligations, nature and length of employment, age, etc.
Acceptable income proof for salaried individuals includes last three months’ salary slips, six months’ salary account statements, and Form 16. For self-employed, it includes six months’ bank statements and two years’ ITR. Keep the Personal Loan documents ready for quick approval.
No, you only need to provide copies of your documents when applying in person. If applying online, you need to provide your KYC details and proof of income online.
No, a PAN card is an essential document for a Personal Loan application. So, you need a PAN card number for Personal Loan processing.
To be able to successfully apply for a Personal Loan, you will be required to submit identity proof, proof of address, proof of income by salary slips/bank statements, and passport photos. Be aware that your documents must be a valid form of identification, appropriate, and current to ensure that the application does not get rejected.
Once you have everything in place to apply, the most crucial papers include: PAN card, Aadhaar card, salary slip/IT returns, statements of the last 6-months bank statements, and proof of address. Lenders will assess these papers and use them to help identify you as the applicant, determine the assurance of your income, and check your creditworthiness for approval.
You will need a government-issued ID (PAN/Aadhaar card), proof of residential address (recent utility bill/ration card), 2-3 recent months' salary slips or recent IT returns, bank statements for at least 6 months, and 2-3 recent passport-sized photos. Some lenders may even require you to submit documents that are industry-specific based on your profile.
As part of the processing and verification, lenders will generally expect that you provide the needed identity proof, address proof, income proof and bank statements. Lenders will use these documents to verify your financial backing, employment stability and repayment capacity to determine your suitability for the amount you requested.
While requirements may vary slightly when it comes to Personal Loan documents, still, all lenders require ID, address and income proofs as basic documents. Some may also ask for additional papers like employment letters or credit reports, depending on your loan type, risk profile, and internal policies associated with your type of profile.
Salaried individuals must provide salary slips for the last 3 months, Form 16 or IT returns, employee ID and employer details in addition to ID and address proofs. The documentation helps lenders assess your suitability for the loan.
Ensure all documentation is current, clear, and matches what was mentioned in your loan application. Prepare and organise these documents in advance, carefully check the expiration dates on documents, and scan all copies clearly, in case they are needed for uploading online. If lenders receive your completed documents promptly, this will help ensure the quickest verification and disbursal process.