How to Get Personal Loan at Low Interest Rate Untitleddocument | Page 3
What Are the Documents Required for Personal Loans?
There are some documents that you have to provide when applying for a personal
loan. These are the following-
● Bank statements (preferably of the last 6 months) which are duly signed
● KYC documents, i.e. address proof, photograph and proof of identity
● Proof of income, i.e. Form 16/salary slip of last three years’/audit report
● Proof of employment, i.e. appraisal letter, joining letter or bonus details
● Any other documents which may be required for supplementing the above
There is often talk of personal loan interest rate being a little higher but you have to
understand that there is no collateral, no guarantor. Personal loans continue to be
the most favored financing solutions for people in India.