How to Get a Personal Loan For a Salaried Person
Published on : September 13, 2023

Are you a salaried individual looking for financial assistance? If so, getting a personal loan can provide you with the flexibility and funds you need. Whether you have unexpected medical expenses, want to consolidate debt, or have other financial obligations, a personal loan can be helpful. Here we will explore the process of getting a personal loan as a salaried individual.

Features and Benefits of Personal Loans

  • Minimal Documents – You are only required to submit basic identity proof and income proof to avail of the personal loan for salaried.
  • Instant Approval and Disbursal – LoanTap personal loans have an easy online process for loan sanction and fast disbursal within 24-36 hours.
  • Flexible Repayment Tenure – LoanTap provides flexibility to switch to EMI-free loans, enhancements, and accelerated repayment options after 6 months of disbursal.
  • Higher Loan Amount – Options to choose from range from INR 50,000 to INR 10,00,000 on the basis of your requirements.
  • Longer Loan Tenure – The ability to choose a loan term between 6 and 60 months makes the EMIs more flexible.
  • Transparent Process –  LoanTap has no hidden charges, no prepayment charges, and a completely secured process.

Personal Loan Documents for Salaried Employees

  • Photo Identity – Passport, Voter ID, PAN Card, Driving Licence, Aadhaar Card
  • Residence Proof – Utility Bill, Passport, Aadhaar Card, Driving Licence, Ration Card
  • Income Proof – Salary Slip for the last 3 months along with Form 16, Bank Statement for the previous 6 months where the salary has been credited
  • Proof of Job Continuity – Employment Certificate from the current company, Appointment letter from the current employer (if the employment period exceeds two years), Certificate of Experience from the previous company along with the Job Certificate
  • Investment Proof – Fixed assets, shares, fixed deposits, etc.
  • Photograph – 2 Passport-size coloured photographs

How To Apply For a Personal Loan From LoanTap

  • Visit the official website of LoanTap or download the LoanTap app via the app store or Play Store.
  • Click on a personal loan from the menu and click on ‘Apply Now’.
  • Select your employment type and select the purpose of your loan.
  • Enter your income information.
  • Enter your PAN details.
  • Submit the PAN card and required documents.
  • After the verification process (24-36 hours), your loan amount will be disbursed.


Obtaining a personal loan as a salaried person is a manageable process if you approach it with the right information and preparation. By demonstrating income stability, maintaining a good credit history, and providing the necessary documentation, you can enhance your chances of securing a personal loan. It’s important to compare loan offers, consider the interest rates and terms, and ensure that the loan aligns with your financial goals and repayment capacity. Remember to borrow responsibly and use the funds wisely to meet your needs while managing your financial well-being.