How To Get Personal loan with bank statements, Check All Processes, And Required Documents

Today, all citizens will need a personal loan sometime or the other. In this article, we are providing complete information about how personal loans can be taken with the help of bank statements. In this article, all those things have been covered. A personal loan with a bank statement is needed, what will be the process of a personal loan, how many days will it be, which documents will be required, and what will be the complete process, information about this has been made available, then read the information given below carefully and given below Personal loan can be easily availed with the help of bank statement by following the given steps.

Loan based on a bank statement

The bank statement is needed for our underwriting process while processing a loan request since the transactions in the bank statement and balance help us identify whether the user has the capacity and intent to pay back the availed loan. We usually ask for the past 6 months’ salary bank statements, and we check for 6 salary credits in those and also analyze the spending patterns. As an exception, we have allowed people with 4 salary credits, in case they have just started working and decided to apply for a loan.

How many months of bank statement is required for a personal loan?

To take a personal loan, the candidate has to present the details of his latest 6 months bank statement in front of the bank, in which it is checked that how is the bank civil of the person taking the loan, what has been the transaction of the candidate in the bank in the last 6 months. from which position

Documents Required for Personal Loan

Getting a personal loan without the right documents is a kind of mission impossible, thus it is important to check the documents list in advance and keep a set of documents handy before applying for a personal loan.

Let us see, what are the documents required for a personal loan for different kinds of applicants.

List of Documents Required for Salaried Employees

• Income Proof – Copy of Form 16, last 3 months’ bank account statements/salary certificate, or salary slips of the account where the salary is being credited.
• Identity Proof – A copy of PAN card/ Aadhar card/ voter’s ID card or driving license.
• Address Proof – A copy of driving license/ utility bills/ bank statement / Aadhar card
• Employment Proof – A copy of job appointment letter/contract/company’s / HR’s email ID or official identity card.
• Residence Ownership Proof – Copy of property documents, maintenance bill, and electricity bill of the residence.
• Investment Proof (if any) – Copy of receipts of fixed deposits or mutual fund
• Photograph – Latest colored passport-size photograph.

List of Documents Required for Self Employed

• Income Proof – Copy of the latest income tax returns submitted by the applicant, documents supporting the audited financials of the past 2 financial years, and your last 6 months’ bank statements.
• Identity Proof – A copy of a PAN card/passport/voter’s ID card or driving license.
• Address Proof – A copy of passport / Aadhar card or utility bills
• Office Address Proof – Copy of incorporation documents/ registration certificates/ MSME/ GST registration document or shop & establishment act certificate of the commercial space.
• Office Ownership Proof – Copy of Maintenance bill, property documents, or electricity bill of office.
• Business Existence Proof – A copy of a company registration license or tax registration.
• Photograph – Latest colored passport-size photograph.

List of Documents Required for Pensioners

• Income Proof – Copy of pension document/bank account statements.
• Identity Proof – A copy of Aadhar card / PAN card/voter ID card/passport or driving license.
• Address Proof – A copy of driving license/utility bills/bank statement / Aadhar Card
• Photograph – Latest colored passport-size photograph.

List of Documents Required for Women

• Income Proof – Copy of the last 2 months’ salary slips or the previous 3 months’ bank statements in case of a salaried employee and a copy of the latest ITR, Form 16, or last 3 months’ bank statements for a self-employed applicant.
• Identity Proof – A copy of PAN card/ Aadhar card/ voter’s ID card or driving license.
• Address Proof – A copy of a driving license/ Aadhar Card/utility bills/ bank statement in case of a salaried employee and a copy of a company registration license or tax registration in addition, to a self-employed applicant.
• Photograph – Latest colored passport-size photograph.

List of Documents Needed for Personal (Pension) Loan for Senior Citizens

• Income Proof – Copy of pension document (if any) / bank account statements / PPO
• Identity Proof – A copy of Aadhar card / PAN card/voter ID card/passport or driving license.
• Address Proof – A copy of PAN card / driving license/utility bills/bank statement.
• Photograph – Latest colored passport-size photograph.

Other Details – Check Here