Documents Required for Personal Loan in India — 2026

Yes. PAN Card is mandatory for all personal loans in India. It is required by Income Tax regulations for any lending transaction above ₹50,000. Without a PAN, your application cannot be processed. If you don't have a PAN, apply for one online at the NSDL or UTI portal — it typically takes 7–10 days.

Fintechs like KreditBee and MoneyView process loans with just Aadhaar, PAN, and a selfie (video KYC). For most banks and NBFCs, you will also need salary slips or bank statements as income proof. The minimal documentation route usually comes with higher interest rates.

If you don't have salary slips (e.g., you receive cash salary), you can use: (1) last 6 months bank statements showing regular monthly credits, (2) Form 16 or ITR, (3) a salary certificate from your employer on company letterhead. Fintechs like Prefr and MoneyView rely more on bank statements and are more flexible.

Most lenders require the most recent 3–6 months of bank statements. Statements must be from the last 90–180 days of application. Older statements (older than 6 months) are generally not accepted. Statements must be self-attested or downloaded directly from your bank portal.

Not always. Most private banks (HDFC, ICICI, Axis) and all major NBFCs/fintechs accept 100% digital document submission via their app or portal. SBI, PNB, Union Bank, and other PSU banks often require physical submission at a branch, especially for larger loan amounts.

For digital applications, scanned or photographed copies are accepted. For branch-based applications, most lenders will ask you to bring originals for verification and submit self-attested photocopies. Original documents are returned after verification — you never leave originals with the lender.