Documents required for Personal Loan on Aadhar Card
Proper documents are of utmost importance while applying for a loan on Aadhaar card to expedite the application process. As proof of identity and address, the following documents may be required.
1. Documents Required for Salaried Employees
As a salaried employee, having the following documents on hand is important to speed up your loan process. These documents primarily cover your identification, address, income, and job status. These may include your Aadhaar card, salary slips, employment proof, bank statements, and PAN card.
- Proof of Identity: Government-issued identification documents such as Aadhaar Card, Passport, Driver’s License, or Voter ID card.
- Address Verification - Utility bills, rental agreements, bank records, passports, Aadhaar cards, Voter ID cards, government-issued letters or certifications you’re your address.
- Income Proof - Salary slips, bank statements from salary account, IT returns, Form 16, or a letter from your employer confirming your income and job details can provide income evidence for loan application.
2. Documents Required for Self-Employed Individuals
- Proof of Identity: Government-issued identification documents such as Aadhaar Card, Passport, Driver’s License, or Voter ID card.
- Address Verification - Utility bills, rental agreements, bank records, passports, Aadhaar cards, Voter ID cards, government-issued letters or certifications you’re your address.
- Income Proof- The most important difference for self-employed individuals is the proof of income. Although these may vary for different lenders, typically acceptable income-proof documents include audited financial statements, P&L statements, bank statements showing transactions, income tax returns, business registration documents, and invoices.