What documents are required for an 80,000 personal loan?

Applying for a ₹80,000 personal loan requires the submission of specific documents to the financial institution. Understanding the necessary paperwork and ensuring their availability beforehand is essential for a smooth loan application process.

Documents Required for a ₹80,000 Personal Loan:

Identity Proof (Anyone):

• Passport
• Driving Licence
• Voter ID
• PAN Card

Address Proof (Anyone):

• Passport
• Driving Licence
• Gas Bill with Gas book

Other Mandatory Documents:

• Recent passport-size color photographs
• Income Proof Documents of the last 3 months
• Bank Statement for the last six months
• One cancelled cheque and ACH form for the Electronic Clearing Mandate (eNACH)

In conclusion, applying for a ₹80,000 personal loan necessitates the submission of specific documents to the lending institution. These include identity proof, address proof, and other mandatory documents such as recent photographs, income proof, bank statements, cancelled cheque, and ACH form.

Ensuring the availability and accuracy of these documents is crucial for a seamless loan application process. By preparing the required paperwork in advance, borrowers can expedite the application process and increase their chances of loan approval.