Personal Loan Document: What You Need to Know?

Are you planning to apply for a personal loan account? If yes, you must be aware that bankers require certain documents to verify your identity, financial status, and address before you sign the loan contract. In this article, we will look at the most common documents that you will need to submit when applying for a personal loan in Malaysia.

Personal Loan Document

Loan application

The process of applying for a loan can seem daunting, but it doesn’t have to be. The first step is to fill out the loan application form. This form is designed to collect important information about you and your financial situation, which the lender will use to determine whether or not to approve your loan.

When filling out the loan application form, it’s important to be as accurate and complete as possible. The lender will use the information you provide to assess your creditworthiness and determine whether or not you are a good candidate for a loan. This includes details such:

  1. Name
  2. Address
  3. Social security number
  4. Income
  5. Employment details.

One thing to keep in mind when filling out the loan application form is that the lender will likely verify the information you provide. This means that they may contact your employer to confirm your employment status and income every months or check your credit report to see if you have a history of paying your bills on time.

Another important factor to consider when applying for a loan is your credit score. Your credit score is a numerical representation of your creditworthiness, and it’s based on factors such as your payment history, outstanding debt, and length of credit history. A high credit score can improve your chances of getting approved for a loan, while a low credit score may make it more difficult.

It’s also important to consider the type of loan you are applying for. There are many different types of loans available, each with their own requirements, terms and policy. For example, a secured loan such as a car loan may require collateral, such as an auto or house, while an unsecured loan such as student loans may not require any collateral but may have a higher interest ratio.

Ultimately, the loan application process is all about providing the bank with the information they need to decide whether or not to approve your loan. By filling out the loan application form accurately and completely, and by understanding the factors that banks consider when evaluating loan applications, you can improve your chances of getting approved for the loan you need.

Proof of identity

When applying for a personal loan, submitting proof of your identity is necessary to ensure the safety and security of both the bank and the borrower. Identity verification is a critical process that helps prevent identity theft and fraud, which can cause significant financial and personal harm.

One of the most common forms of identification accepted by lenders is a passport. A passport is a globally recognized document that contains a photo of the holder, along with their latest personal information such as their name, date of birth, and nationality. It is a highly secure form of identification, and the information contained within it is extensively verified before it is issued.

Another form of identification that is widely accepted is a driver’s license. The state issues a driver’s license and contains the holder’s latest photo, personal information, and driver’s information such as their license number and expiration time. It is important to note that the driver’s license must be current and valid, and that the information on the license must match the information provided in the personal loans application.

State IDs are also commonly accepted as a form of identification. A state ID is similar to a driver’s license in that it contains the holder’s photo, personal information, and identification number. The state issues it and is a valid form of identification for non-drivers.

When submitting your identification, it is important to ensure that the information on the ID is current and matches the information you provided in the personal loans application form. Any discrepancies or inconsistencies can cause late in the loan approval process and may even result in the loan being denied.

It is crucial to keep your identification documents safe and secure at all times. Identity theft is a growing problem, and losing your identification documents can lead to serious financial and personal consequences. Protect your identification documents and resources in a secure place, and only share them with trusted individuals and organizations.

In conclusion, submitting proof of your identity is an essential step in the personal financing application process. It helps ensure the safety and security of both the bank and the personal loan borrower and can prevent identity theft and fraud. Make sure to submit a government-approved ID such as a passport, driver’s license, or state ID, and ensure that the information on the ID is current and matches the information provided in the loan application form.

Employer and income verification

The bank will want to verify your employment details and income to determine your ability to repay the loan. You will need to provide proof of income such as 

Your employer may also need to provide employment verification by filling out a form or providing a letter of employment. Make sure that you provide accurate information as this will impact your loan approval.

Proof of address

You will need to provide proof of your current address. This is to ensure that the bank can contact you if needed and to prevent any fraud. You can submit any government-approved document that contains your address such as 

  • Utility bill
  • Lease agreement
  • Bank statement. 

Make sure that the document is recent and matches the information you provided in the loan application form.

Other information you may need

Depending on your situation, the bank may require additional information. For example, if you are self-employed, you may need to provide additional financial documentation such as profit and loss statements or business tax returns. If you have a loan co-borrower, they will also need to provide their personal and financial information. Make sure you check with your loan banker to determine if any additional information is required.


Submitting the required documents is a crucial part of the personal loans application process. Make sure that you have all the necessary documents ready beforehand to avoid any delay in the loan approval process. If you have any questions or doubts about the required documents, don’t hesitate to contact your banker for clarification. With the right documentation, you can increase your chances of getting approved for a personal loan.


What are personal loans‘ documents?

Personal loan documents refers to necessary documentation for a loan application.

What loan documents do you need to apply for a personal loan?

The documents include a copy of the identity card, a copy of a payslip, and a copy of the EPF statement.

How do I write a personal loan agreement?

It is recommended to consult with a legal expert to draft an agreement.

What is a personal loan letter?

A personal loan letter refers to a written document that outlines the policy, terms and conditions of a personal loan agreement between a lender and a borrower.