Applying for a personal loan online is now quicker and simpler—especially with platforms like Paytm that offer instant disbursals with a 100% digital process. However, even in a paperless journey, submitting the right documents for personal loan approval is critical.
Whether you’re a salaried employee or self-employed, here is a detailed personal loan documentation checklist you must know before applying.
Paytm Personal Loan Documents Required
For users applying on the Paytm app, the documents needed for Paytm personal loan approval include:
- PAN Card
- Aadhaar Card (linked with mobile number for OTP verification)
Paytm’s digital process does not require physical paperwork, making it easy and fast to upload documents securely within the app.
Personal Loan Documentation Checklist
Here’s a quick summary of the list of documents for personal loan
| Document Type | Examples |
|---|---|
| KYC Documents | PAN Card, Aadhaar Card |
| ID Proof | Aadhaar, Passport, Voter ID, DL |
| Address Proof | Aadhaar, Utility Bills, Bank Statement |
| Income Proof | Salary Slips, ITR, Bank Statements |
| Other Documents | Bank Account Details, Passport Photo |
KYC Documents for Personal Loan
KYC (Know Your Customer) documents are essential for verifying your identity and address. These include:
- PAN Card (Mandatory for all applicants)
- Aadhaar Card (or Passport/Voter ID/Driving License as alternatives)
Tip: Ensure your documents are valid, legible, and updated with the correct name and address.
ID Proof for Personal Loan
Any one of the following government-issued ID documents can be submitted:
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
- Driving License
These serve to authenticate your identity and are often used as both ID proof and part of KYC.
Address Proof for Personal Loan
You’ll need to submit a document that verifies your current residential address:
- Aadhaar Card (if updated)
- Utility Bill (electricity, gas, water – not older than 3 months)
- Rental Agreement
- Bank Statement with address
- Passport
Income Proof for Personal Loan
Income proof for personal loan approval ensures the lender that you can repay the borrowed amount:
For Salaried Individuals:
- Latest 3-6 months’ salary slips
- Bank statement showing salary credit
- Form 16 or Income Tax Returns (if asked)
For Self-employed:
- ITR of past 2 years
- Business registration proof
- Bank account statements showing regular income
Why Submitting Correct Documents is Crucial
Submitting the complete and accurate documents required for personal loan ensures:
- Faster approval & disbursal
- Better loan terms (interest rate, amount)
- Minimal follow-up or rejection chances
Conclusion: Understanding the required documents for personal loan approval is the first step toward a hassle-free borrowing experience. With Paytm instant personal loan documents, you enjoy a paperless process and faster access to funds—right when you need them.
So before you apply, use this personal loan documentation checklist to ensure everything is in place. Your financial solution is just a few clicks away!
Author
What documents are required for a personal loan application on Paytm?
- PAN Card (mandatory)
- Aadhaar Card (linked with your mobile number for OTP verification)
Is a PAN Card mandatory for a personal loan?
What income proof is needed for personal loan approval?
- Salaried: Salary slips (last 3–6 months), bank statement with salary credits, or Form 16
- Self-employed: Income Tax Returns (ITR for last 2 years), business proof, and bank statements showing regular income
Can Aadhaar be used as both ID and address proof for a personal loan?
What happens if I submit incomplete or incorrect documents for a personal loan?
- Application delays
- Rejection of loan
- Verification follow-ups
How do I upload documents for a Paytm personal loan?
- Logging into your account
- Navigating to the loan section
- Following the digital basic steps, mentioning PAN to get started. It’s a 100% paperless process.
