Here is the Checklist of Essential Documents required for applying a Loan


Getting a loan can help you solve a lot of financial problems from your personal needs to business needs. However, in order to acquire a loan for any financial necessity, you need to go through a verification procedure. For certain loans, you might need just a few simple documents while others might require some other extra documents.

But securing a loan is not very difficult if you meet the criteria and have the required paperwork in order. It will also be easier for you if you have everything ready in your hand, and the procedure will be less time-consuming and hassle-free.

So, if you are planning to apply for any kind of loan and are wondering what documents you will need, then look no further. Everything you need is included in this checklist...


Documents Required for Personal Loans


If you need a good amount of money to plan your dream tour with your family or just for fulfilling any personal or family needs, getting a finance company personal loan can be helpful for you. You can easily get a loan from a personal finance company like Peerless Finance and here is the list of required documents:


For salaried individuals:


  • Identity proof (copy of passport/voter ID card/Aadhaar card/driving license)
  • Income Proof
  • Address proof (copy of passport/voter ID card/Aadhaar card/driving license)
  • Pay Slip
  • Bank Statement
  • Company ID Card

For self-employed individuals:


  • Identity proof
  • Residence Proof
  • Business Existence Proof
  • Office Address Proof
  • Income Proof


Documents Required for Business Loans


If you want to grow your business, you’ll probably need a business loan at some point. And to get a business loan the following documents will be required:

  • KYC documents (Proof of Applicant's Identity, Address Proof, Proof of Age)
  • Proof of business ownership
  • Other financial documents
    • Bank account statements for the last 6 months
    • IT returns for the last 2 years
    • P&L and balance sheet for the last 2 years
  • Proof of Continuation (ITR/Trade License/Sales Tax Certificate)


Documents Required for Professional Loans


You can easily get a loan for your professional needs and here are the document requirements:

  • Proof of Identity (Passport, PAN Card, Aadhaar Card)
  • Proof of Address (Ration card, Aadhaar Card, Utility bills)
  • Copies of your professional degrees and diplomas
  • Bank statement for your business for the last 6 months
  • Profit and loss statements of your business


Whether you are looking for a finance company personal loan, a business loan, or if you are planning to get a loan for your professional purposes, it is important to understand the eligibility criteria, organize your documents, and read the agreements before proceeding. Your loan-taking process and verification process will be more seamless if you consider getting a loan from Peerless Finance. We have covered everything you need to apply for a loan, but if you need more information, you can call customer service and get your questions answered.



Atanu Basak