Which Documents Required For Personal Loan In SBI?

Hey Raja. Since I have an account with State Bank of India (SBI), I intend to take out a personal loan from them, as I was in need of it. Hence, I researched online about the SBI personal loan document required. When applying for a personal loan, I found that you may need to provide a variety of documents. These can vary based on the applicant’s type, like non-resident Indian (NRI), retired, self-employed, or salaried.

What are SBI Personal Loan Documents Needed?

I also came to know that the following are some typical documents that are frequently needed for a personal loan application with SBI, though particular criteria may vary depending on the type of loan:

Any photo identification proof issued by the government, such as a driver's license, passport, voter ID card, or Aadhaar card. To confirm your identification and make sure you are a legitimate loan borrower, this document is required. These are mandatory SBI personal loan documents required for government employees.

This includes a copy of property document or ration card, or utility bill or Voter ID card. To confirm your residential address and ensure the loan money is being paid to the right person, your address proof is required.

If you are salaried, you might also be required to present an appointment letter. Moreover, if you are a self employed person, then you have to submit tax returns, business registration paperwork, or any other pertinent documents.

Another important SBI personal loan documents for salaried employees is that you must submit proof of income. Documents such as pay slips, bank statements, and income tax returns may fall under this category. 

This includes a duly filled application form and two passport-sized photographs.

Along with these documents, you might also need to fulfill qualifying requirements as mentioned by Ankur Edwin above. I hope this helps you get an idea of the SBI personal loan document required.

As I was in need of a personal loan, I visited the SBI branch office near my house to avail the loan. The executive there informed me of the details and SBI personal loan documents I had to submit. Here is the list of the documents he asked me to share. 

Which Documents Required For Personal Loan In SBI?

Here is the list of documents shared by the SBI executive; 

• Application form filled out by the borrower and co-borrowers, should be submitted along with 2 photographs of each applicant. 

• Photocopies of PAN/Passport/Driver’s License, Voter ID card as proof of identity.

• Copies of recent telephone bills, electricity bills, property tax receipts, passport, etc. as proof of residence.

• Last 12 months' bank statement of account of the applicant. 

• Personal asset liability statement in the Bank’s standard format

These are the personal loan documents SBI that you need. Along with that, as I was a salaried person, I had to provide 

• Latest salary slip

• A copy of my ID issued by the employer.

• Form 16 or IT Returns for the last 2 years.

Following this, he also informed me about some factors that affect the SBI personal loan eligibility. 

Factors Affecting the SBI Personal Loan Eligibility

And that’s about personal loan documents SBI. I hope this information about SBI personal loan documents has been of help to you.