Required Documents for Different Types of Loan Applications :

When applying for any type of loan, financial institutions require certain documents to verify the identity, income, creditworthiness, and purpose of the loan. The document requirements vary depending on the type of loan—personal, home, education, business, or vehicle loan.

1. Common Documents Required for All Loan Applications

These documents are generally mandatory for any loan type:

 Identity Proof (Any one):

PAN Card, Aadhaar Card, Passport, Voter ID, Driving License

 Address Proof (Any one):

Aadhaar Card, Passport, Electricity Bill, Telephone Bill, Rent Agreement

  Income Proof:

 Salaried: Salary slips (last 3 months), Form 16, Bank statements (6 months)

  Self-employed: ITR (last 2–3 years), Balance Sheet & Profit-Loss Account, Business bank statements

  Age Proof: Birth Certificate, 10th Certificate, or PAN Card

  Photographs: Recent passport-size photos

  Loan Application Form: Duly filled and signed

2. Personal Loan

  Identity & Address Proof

  Salary slips / Income proof

  Bank statement (last 6 months)

  Employment certificate / Business proof

  Form 16 or ITR for 2 years

  Credit report (CIBIL score)

3. Home Loan

  Identity, Address & Income Proof

  Bank statement (6 months)

  ITR / Form 16 (last 2–3 years)

  Property documents:

 Title deed

  Sale agreement

  Approved building plan

  NOC from builder/society

  Proof of down payment

44. Education Loan

  Identity & Address Proof of student and co-applicant (parent/guardian)

  Admission letter from educational institution

  Fee structure / Cost estimate from institution

  Academic records (Mark sheets, certificates)

  Bank account statement (6 months)

  Income proof of co-borrower (salary slips, ITR, etc.)

  Passport (for studying abroad)

5. Business Loan

  Identity & Address Proof (of business and promoters)

  Business registration documents (GST, Shop Act, or Partnership Deed)

  PAN Card of firm and owners

  ITR (last 2–3 years)

  Audited financial statements (Balance Sheet, P&L)

  Bank statements (6–12 months)

  Proof of business ownership / office address

  Project report or business plan (for new ventures)

6. Vehicle Loan (Car / Two-wheeler)

  Identity & Address Proof

 Income proof (salary slips / ITR)

  Bank statement (6 months)

  Vehicle quotation / proforma invoice from dealer

  Form 16 or ITR (2 years)

  Driving license copy

7. Agricultural Loan

  Kisan Credit Card (if applicable)

  Land ownership proof / land record (Khata, Chitta, etc.)

  ID & Address Proof

  Crop plan / cultivation details

  Bank statement / previous loan record

8. Gold Loan

  Identity & Address Proof

  Photographs

  Proof of ownership of gold (if applicable)

  Gold items are physically verified by the lender