You have come to the right place if you are looking for a personal loan with the digitalized process and minimum documentation. 

PayMe India is determined to make the borrowing process as easy as possible. Hence, to apply for a personal loan, you must have minimal documents with a fully digitized process. With minimal paperwork, the whole journey to get a loan becomes swift and instant. Both salaried and self-employed individuals can apply for a personal loan, but the documentation process differs. Below are some documents required to get a personal loan from PayMe India. 

List of Documents Required for Personal Loan for Salaried Employees

If you meet the personal loan eligibility criteria and are a salaried employee, you must provide the same documents in which you will be required to provide your PAN card. 

Documents for Proof of Identity(any 1 of the following)

  • Indian Passport
  • Driver’s License
  • Aadhaar Card
  • Voter ID

Document for Proof of Address (any 1 of the following)

  • Aadhaar Card
  • Voter ID
  • Indian Passport
  • Electricity Bill

Document for Proof of Income

  • Bank statement for last 3 months.
  • Latest salary slip for 3 months.

List of Documents Required for Personal Loan for Self-Employed Employees

If you are a self-employed applicant, you need to provide the following document:

Documents for Proof of Identity(any 1 of the following)

  • Indian Passport
  • Driver’s License
  • Aadhaar Card
  • Voter ID

Document for Proof of Address (any 1 of the following)

  • Aadhaar Card
  • Voter ID
  • Indian Passport
  • Electricity Bill

Document for Proof of Income

  • Bank statement for last 3 months.

Proof of Business Existence

  • Latest ITR

The process to Submit your Loan Documents Online

  1. Check your loan eligibility criteria.
  2. Download the PayMe India app or visit the website and complete the E-KYC process by providing your Aadhaar card, PAN card, and live selfie. 
  3. Upload your latest bank statement in PDF form for the past three months.
  4. Upload your latest 3 months salary slip from the app itself.
  5. When the loan application gets approved, the loan amount will get disbursed to your account within 24 hours or the same day.

Conclusions

There is no waiting period required to get the instant funds, unlike the traditional loans, which take at least 2 to 3 days for approval and disbursal. You can opt for an online and instant personal loan from PayMe India. PayMe India provides loans from Rs. 500 to Rs. 5 lakhs with a hassle-free process. By fulfilling the basic eligibility criteria, you can get an online personal loan. All you require to do is fill out the basic loan application form to get approved for a fast cash loan in a few minutes. To avail quick loan, download the PayMe India app or visit the website. You can get a loan for all-purpose, it can be used for revamping the house, planning for a dream wedding, or financing a wedding. They are flexible to use, and the lender will not ask about the purpose of borrowing money. 

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