Personal Loans · Guide

Documents Required for a Personal Loan and How Long It Actually Takes

If you're applying for a personal loan, two things matter most: what documents you need, and how long it'll take to get the money.

How long does it take?

A traditional, branch-based loan can take 3–10 working days. A fully digital application is much faster — often just minutes to 1–2 days for approval, and 1–3 days after that for the money to reach your account.

The biggest factor isn't the lender — it's whether your documents are complete and consistent (same name and address everywhere) the first time you submit.

Documents you'll need

If you're salaried:

• PAN card + one ID proof (Aadhaar, passport, voter ID, or driving licence)
• Address proof (Aadhaar, utility bill, rent agreement, or passport)
• Last 2–3 months' salary slips
• Last 3–6 months' bank statements
• A recent photograph

If you're self-employed:

• PAN card + ID and address proof (same as above)
• Income Tax Returns (ITR) for the last 2–3 years
• Last 6–12 months' bank statements
• Business proof (GST registration or similar), if requested
• A recent photograph

Why applications get delayed

• Name mismatch across PAN, Aadhaar, and bank account
• Blurry or cropped document scans
• Outdated address proof
• Incomplete bank statements

Checking these before you submit is the easiest way to avoid delays.