requirements for applying for a personal loan
What are the requirements for applying for a personal loan?
Fahad Shakeel (Head) (200 Points)
10 February 2023Fahad Shakeel (Head) (200 Points)
10 February 2023requirements for applying for a personal loan
Elisa
(na)
(720 Points)
Replied 10 February 2023
The following documents and information are required:
1. Proof of identity such as a passport, driver's license, or PAN card is typically required.
2. Lenders will typically ask for recent salary slips, bank statements, and/or tax returns to verify your income and ability to repay the loan.
3. You may be asked to provide proof of employment and current job status, such as an offer letter or salary slips.
4. Lenders may ask for proof of age, such as a birth certificate or passport, and proof of residency, such as a utility bill or bank statement.
5. Depending on the lender and the loan amount, you may be asked to provide additional documents, such as a co-applicant's ID and income proofs, or collateral for securing the loan.