Documents Required For Personal Loan

Personal Loan Documents

Every loan entails a documentation process and personal loans are no different. However, at Kotak Mahindra Bank, we believe that less is more. That is why we have made our personal loan documentation process smooth and hassle-free. Just a few basic documents are all you need to furnish when applying for our personal loans. We would assess your eligibility based on such documents and grant you the loan, as quickly as possible.

Whether you are an existing customer of Kotak Mahindra Bank or are a new one, we don’t differentiate. There is a list of documents that we require for processing your personal loan application. Just submit copies of such documents and you are sorted.

Personal loan documents list

Here is the indicative personal loan documents list that you would have to submit to avail of our personal loans -

A valid identity proof like your PAN Card, passport, Aadhaar card, Voter’s ID Card or driving license
A valid residence proof like your passport, current utility bills or leave and license agreement
Bank statement of the last 3 months that contains your income details
Salary slip of the last 3 months if you are a salaried employee
2-3 passport sized photographs

General Questions Related to Personal Loans

What documents are required for personal Loan?

To avail of a personal loan from Kotak Mahindra Bank, you need to submit your basic KYC documents along with an income proof and photographs. The documents required include a valid ID proof, address proof, bank statement and salary slips of the last 3 months and 2-3 passport-sized photographs.

Which proof of income is accepted for a personal loan application?

If you are a salaried employee, your salary slip and bank account statement are accepted as proof of income. For self-employed individuals, however, the income tax returns of the last few years, bank statement and financial statements might be the documents required for personal loan application.

Is it important to submit all the documents required while applying for a personal loan?

Yes, it is important to submit all documents when you apply for a personal loan. If you miss any document, the loan application might get delayed as the bank would need all the documents to process your loan application.

Frequently Asked Questions

What are the key documents required for Kotak Bank's Personal Loan?

The key documents required for availing a personal loan from Kotak Mahindra Bank are as follows -

Identity proof like PAN Card, voter’s ID card, passport, Aadhaar card, etc.
Age proof like voter’s ID card, passport, Aadhaar card, birth certificate, etc.
Address proof like utility bills, rent agreement, passport, etc.
Bank statement and salary slips of the last 3 months
2-3 Passport size photographs

What are the personal loan documents required for salaried applicants?

Personal loan documents for salaried person includes the last 3 months’ salary slips along with KYC documents and bank statements.

What is the documentation process for a pre-approved Personal Loan?

A pre-approved Personal Loan is an Instant Loan facility offered to select customers of Kotak Bank. This does not require any collateral/ documents.

If a customer has a good credit history, he/she becomes eligible for pre-approved personal loan. This has a quick processing time and loan gets disbursed instantly in customer bank account.

Are there any documents that I should submit post-sanction or pre-disbursement of my personal loan?

No, the documents are required when applying for the loan. No post-sanction or pre-disbursement documentation is needed before availing the loan.

Is it necessary to submit original KYC documents while availing personal loan?

You would have to submit self-attested copies of all the KYC documents when availing of a personal loan along with the personal loan processing fees. The original documents might be required by the bank to verify the copies that you have submitted.

View All

People also looked at

Gold Loan

Make optimum use of your gold reserves collected over the years. Get quick and easy financing with Gold Loan from Kotak Bank at attractive interest rates.

Loan Against Securities

Capitalize on your investments without selling them by applying for Loan Against Securities from Kotak Bank.

Business Loan

Do not worry to bear the pressure of starting a new business all alone. Grab every opportunity to grow your business with Business Loan from Kotak Bank.

Customer testimonials

Reviewed on 03/23/2022

Get your 811 Video KYC savings account at home with the new Video KYC zero contact process.

Avail higher Fixed Deposit rates @6.10%* p.a. for 23 months

Kotak PVR Debit Card Now watch free movies every month at PVR Cinemas.

Get up to Rs.25 lakh with personal loan starting at 10.75% p.a.

Leave the stress of your medical expenses to us

Investments are subject to market risk. Don't fall prey to unrealistic promises.

Introducing e-vouchers from 180+ brands across a wide range of categories.

Introducing e-vouchers from 180+ brands across a wide range of categories.

Introducing e-vouchers from 180+ brands across a wide range of categories.

Pay ANY mobile number registered against ANY payment app.

Shop for your favorite brands from the comfort of your home.

Digital Payments Karo Chutki Bajake.