New Delhi, July 10 -- In any loan, the documentation forms an important part. The documents are required to establish the borrower's identity, assess their creditworthiness, and for other purposes. In a personal loan, while the KYC documents are the same for most borrowers, the income documents are different for salaried and self-employed individuals.

In this article, we will understand the various documents required for a personal loan and how they are different for salaried and self-employed individuals.

Let us start by listing the various documents that are required for a personal loan. Some of these include the following.

Let us discuss each of these documents.

The borrower can apply for a personal loan online or the traditional w...