Documents you need for a personal loan: a simple checklist

Digital lenders can approve a personal loan in minutes — but only if your documents are ready and consistent. Here's what to keep at hand before you apply.

For everyone: KYC

• PAN card — mandatory for almost every loan
• Aadhaar — for identity and address verification, usually through e-KYC with an OTP on your Aadhaar-linked mobile
• A clear selfie or photograph — many apps capture this live during the application

If your address has changed, keep a recent utility bill, rent agreement or passport handy as address proof.

If you're salaried

• Salary slips for the last 3 months
• Bank statement of your salary account for the last 3–6 months
• Form 16 (sometimes requested for larger amounts)
• Your employee ID or official email may be used to verify employment

If you're self-employed

• Income Tax Returns for the last 1–2 years, with computation of income
• Bank statement of your main account for the last 6 months
• Business proof such as GST registration, Udyam certificate or shop licence

Tips to avoid delays

1. Match your details everywhere. Your name and date of birth should be identical on PAN, Aadhaar and your bank account. Small spelling differences are a common cause of rejection.
2. Link your Aadhaar to your mobile number. e-KYC and e-sign need an OTP on that number.
3. Download statements as PDFs from net banking. Lenders often reject photos or edited files. Many now fetch statements directly with your consent through the Account Aggregator framework.
4. Don't apply everywhere at once. Each application can trigger a credit enquiry. Compare first, then apply to the lenders you're most likely to qualify with.

A word on safety

Share documents only inside the lender's official app or website. No genuine lender asks you to pay a fee before disbursal, and no one from CredoCash will ever ask for your OTP, password or card PIN.