What documents do I need to provide while applying for an unsecured loan?

When applying for an unsecured loan, you'll typically need to provide a set of documents to support your loan application. The specific documentation requirements may vary slightly depending on the lender and the type of unsecured loan you're applying for, such as a personal loan or credit card. Here are the common documents you may need to provide:

1. Proof of Identity:
Aadhaar card
Passport
Voter ID card
Driver's license
PAN card

2. Proof of Address:
Aadhaar card
Passport
Voter ID card
Utility bills (electricity, water, gas) in your name
Rent agreement (if applicable)
Bank account statement

3. Proof of Income:
Salary slips (last 36 months) for salaried individuals
Income tax returns (ITR) for the last 23 years for selfemployed individuals
Form 16 (for salaried individuals)
Bank statements (last 36 months)
Business financial statements (for selfemployed individuals)

4. Photographs:
Recent passportsized photographs

5. Bank Statements:
Bank statements for the last 36 months showing your income and financial transactions. Some lenders may request additional bank statements.

6. Employment Proof (For Salaried Individuals):
Employment certificate or offer letter from your current employer
Employee ID card
Appointment letter

7. Business Proof (For SelfEmployed Individuals):
Business registration documents (if applicable)
GST registration certificate (if applicable)
Business income tax returns and financial statements

8. Additional Documents (Depending on Loan Type):
Education loan: Admission letter or fee structure from the educational institution
Travel loan: Travel itinerary, visa, and passport copies
Wedding loan: Wedding invitation or estimate of wedding expenses
Medical loan: Estimate of medical expenses from the healthcare provider

9. Credit Score Report (Optional):
While not typically required as part of the application, it's a good idea to have a copy of your credit score report from credit bureaus like CIBIL, Experian, Equifax, or CRIF High Mark. A good credit score can enhance your loan approval chances.

10. Loan Application Form:
Complete the loan application form provided by the lender with accurate and honest information.

It's essential to check with your specific lender to confirm their exact documentation requirements, as some lenders may have additional or specific requirements. Additionally, ensure that all documents provided are uptodate and valid to avoid any delays in the loan application process. Be prepared to submit both physical copies and digital copies of these documents, as required by the lender.