There is no tedious paperwork involved. While applying for a Personal Loan, you need to submit the following documents:
| Document Category | Personal Loan Documents Required |
| KYC Documents | Any one of the following KYC documents(OVD) to be collected as per extant policy of RBI:
|
| Date of Birth Proof | Any one of the following:
|
| Current Address Proof | Any one of the following:
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| Signature Proof | Any one of the following:
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| Proof of Income |
|
| Other Important Documents and Checks |
|
If you are an existing customer with a pre-approved offer, you might not need to provide any documents. In case you are asked for any documents, you will have to provide the following:
A. For Salaried Individuals:
1. Proof of Identity/Residence: Any one of the below Official Valid Documents (OVD) can be accepted as Current / Communication address proof only.
2. Latest 7 months* Bank Statement (where salary/income is credited)
3. Salary slips for the last 3 months*
B. For Self-Employed:
1. Proof of Identity/Residence: Any one of the below Official Valid Documents (OVD) can be accepted as Current / Communication address proof only.
2. Income Proof:
3. Office address proof:
4. Proof of residence or office ownership
5. Proof of continuity of business.
* Conditions applied as per policy.
* Grahaan Capital reserves the right to call upon additional documents at its discretion.
The personal loan requirements may differ from lender to lender. You can qualify for a 'Grahaan Capital Personal Loan' once you meet the five simple eligibility criteria mentioned below:
* You should be 80 years* or younger, at the end of the loan tenure.
The personal loan document requirements may vary from lender to lender. Below are the income documents that are required to be submitted when applying for a Grahaan Capital Personal Loan:
* You must provide your employer information.
You only have to submit the photocopies of your KYC document with self-attestation. You do not need to submit the original documents.
The speed of your personal loan documentation process depends on the lender's policies, your responsiveness, and the complexity of your application. Typically, it can take anywhere from a few hours to a few days for initial approval, and additional time for document verification and processing, varying between lenders.