Ever tried applying for a personal loan and got stuck midway because of missing documents? It’s frustrating, right? You might have a stable income, a solid plan, and a genuine need—but without the right papers, the bank won’t move an inch. That’s just how it works. Documents For Union Bank Personal Loan
Here’s the thing: your documents tell your story—your income, your spending habits, your financial health. And for Union Bank of India, these documents are the first step in deciding whether you qualify for a loan or not.
Let’s break down exactly what you’ll need and why it matters.
Why Documents Matter for a Union Bank Personal Loan
When you walk into any bank asking for a personal loan, they don’t really know you.
Your documents are your proof—your voice on paper.
They show:
- How much you earn
- How you manage your money
- Whether you can repay on time
Union Bank relies on these details to make a quick, safe, and fair decision.
1. KYC Documents – Your Identity and Address Proof
First up, the basics.
Union Bank needs to verify who you are and where you live before processing your loan.
You’ll need:
- PAN Card – for identity verification
- Aadhaar Card – serves both as identity and address proof
If you don’t have an Aadhaar for address proof, no worries—you can submit any of these instead:
- Electricity Bill
- Ration Card
- Passport
- Voter ID
These simple papers confirm your identity and address, which is mandatory for every applicant.
2. Income Proof – Show That You Can Repay
Now this part depends on your profession. Union Bank checks how you earn and how steady that income is.
If you’re a salaried employee:
- Latest Salary Slips (usually last 3 months)
- Bank Statement (showing salary credits)
- Form 16 (from your employer)
If you’re self-employed:
- Bank Statement (for the last 6 months)
- ITR (Income Tax Return) for previous 2–3 years
- Business Proof like GST certificate, shop license, etc.
If you’re a self-employed professional (doctor, CA, freelancer, blogger, etc.):
- Professional Certificate or Registration
- Bank Statement
- ITR showing your annual earnings
Basically, the bank just wants to see consistent income. Even if you earn from ads, commissions, or freelance work, you can still qualify—just show clear proof of payments.
Example: Blogger or Freelancer Loan Case
Let’s say you’re a blogger earning through AdSense or brand deals.
Union Bank will likely ask for:
- Bank Statement showing ad revenue deposits
- ITR from the past few years
- Proof of your earning source (like payment reports from ad networks or clients)
Once verified, your personal loan gets approved based on your actual income flow—not just your job type.
3. When You Already Have an Account with Union Bank
Here’s a little-known advantage—if you’re already a Union Bank account holder, you might get a pre-approved personal loan offer.
That means:
- No income proof required
- No lengthy documentation
- Just verify your identity using Aadhaar OTP, and you’re good to go
Why?
Because the bank already knows your financial behaviour—your savings, spending, and deposits. Based on your account activity, Union Bank can automatically offer you a personal loan.
Step-by-Step: How to Apply for a Union Bank Personal Loan
- Visit the nearest Union Bank branch or apply online through their website.
- Submit KYC (PAN & Aadhaar) and income documents as per your profession.
- Wait for verification – the bank checks your credit score and financial history.
- Get approval – if everything checks out, you’ll receive your sanction letter.
- Disbursement – the loan amount is credited directly to your account.
It’s that simple—especially when your paperwork is in order.
Documents Checklist for Quick Approval
| Document Type | Examples |
|---|---|
| KYC | PAN Card, Aadhaar Card |
| Address Proof | Aadhaar, Electricity Bill, Ration Card |
| Income Proof (Salaried) | Salary Slip, Form 16, Bank Statement |
| Income Proof (Self-Employed) | ITR, Bank Statement, Business Proof |
| Professional Proof |