Personal loan to take a dream vacation

  • Credit score: Credit score is one of the most important factors to determine personal loan eligibility. A credit score of 750 or above is known as a good credit score. However, some lenders also consider a credit score of 720 or above.
  • Income: Income criteria vary from lender to lender. A personal loan applicant must have a minimum earning defined by the lender.
  • Age: Age criteria also vary from lender to lender. Generally, for salaried individual, age should be between 21 to 60 years. Whereas, for self-employed it is between 25 to 65 years.
  • Identity proof: One of — Aadhar card/ voter identity card / passport / driving license / PAN card
  • Residential proof: One of — telephone bill / electricity bill / water bill / rent agreement etc.
  • Income statement: Salary slip along with bank statement showing salary being credited into account for last three months
  • Employment proof: 2-year employment continuity documents along with at least 1-year employment in current company
  • Photographs: Two passport size photographs
  • Know your customer (KYC) documents: Identity proof, residential proof, date of birth proof
  • Residential proof: Utility bill like electricity bill, water bill or telephone bill for last three months
  • Office address proof: Proof of residence or office ownership is mandatory for self-employed individuals
  • Proof of continuity of business: Testimony showing that the business is being run for certain time is an essential part of documents
  • Income proof: Audited financial report for the last 2-year
  • Bank statement: Bank statement business for the last six months is necessary



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Ajit Samal

Ajit Samal


I am the guy with more dreams that aims my target and chase in the Indian financial markets and more conscious in stock market moments