HDFC Bank Personal Loan Documents Required

1. Identity Proof

You need to provide any one of the following documents as proof of your identity:

• PAN Card (Mandatory)
• Aadhaar Card
• Passport
• Voter ID
• Driving License

2. Address Proof

For verification of your residential address, any one of the following documents can be submitted:

• Aadhaar Card
• Utility Bills (Electricity, Water, or Gas bills not older than 3 months)
• Passport
• Rental Agreement
• Bank Passbook or Statement with address details

3. Income Proof

To demonstrate your ability to repay the loan, you will need to submit the following based on your employment type:

For Salaried Individuals:

• Latest Salary Slips (Typically for the last 3 months)
• Bank Statements showing salary credits (Last 3-6 months)
• Form 16 or Income Tax Returns (ITR) for the past financial year

For Self-Employed Individuals:

• Income Tax Returns (ITR) of the last 2 years
• Audited Balance Sheets and Profit & Loss Statements
• Bank Statements for the last 6 months

For Professionals (Doctors, Chartered Accountants, etc.):

• Income Tax Returns (ITR) of the last 2 years
• Professional Qualification Certificates
• Bank Statements for the last 6 months

4. Age Proof

To confirm that you meet the age eligibility criteria (usually 21 to 60 years), you need to submit any one of the following:

• Birth Certificate
• Passport
• PAN Card
• Driving License
• Aadhaar Card

5. Proof of Employment

Salaried individuals may be required to submit:

• Employment Certificate or Appointment Letter from your employer
• Employee ID Card

6. Photographs

Two recent passport-sized photographs will need to be submitted along with the application form.

Additional Documents

• Loan Application Form: Make sure the application form is filled out accurately, providing complete and correct details.
• Signature Proof: You might be required to submit signature proof via your bank passbook or other relevant documents.

Important Points to Note

1. PAN Card Requirement: Submission of a PAN Card is mandatory for all personal loan applications.
2. Eligibility Check: Before submitting your documents, make sure you meet HDFC Bank’s eligibility criteria in terms of age, income, and employment stability.
3. Loan Amount & Tenure: HDFC Bank typically offers personal loans ranging from ₹50,000 to ₹40 lakhs, with tenures of 12 to 60 months.

FAQs about HDFC Personal Loan Documents:

1. What documents are required for an HDFC personal loan?

To apply for an HDFC personal loan, you need to provide:

• Identity Proof (PAN Card, Aadhaar, Passport, etc.)
• Address Proof (Utility bills, Aadhaar, Passport, etc.)
• Income Proof (Salary slips, bank statements, or ITR)
• Age Proof (PAN Card, Passport, Birth Certificate)
• Employment Proof (For salaried employees: employment certificate or salary slips)
• Recent Passport-Sized Photographs

2. Is PAN Card mandatory for an HDFC personal loan?

Yes, a PAN Card is mandatory when applying for an HDFC personal loan. It is required for identity verification and tax purposes.

3. What income proof is required for a salaried person to apply for an HDFC personal loan?

Salaried individuals must provide:

• Latest salary slips (typically last 3 months)
• Bank statements showing salary credits (last 3-6 months)
• Form 16 or ITR (Income Tax Returns) for the previous year

4. What documents are required for self-employed individuals?

Self-employed individuals need to submit:

• Income Tax Returns (ITR) of the last 2 years
• Bank statements (last 6 months)
• Balance Sheets and Profit & Loss Statements, audited by a CA (if applicable)

5. How long does it take for HDFC to approve a personal loan once documents are submitted?

If all required documents are submitted and verified correctly, HDFC generally processes and approves personal loans within 24 to 48 hours.