Applying for a personal loan is not a paperwork nightmare. At DMI Finance, we keep things simple. If you’re 23 or older, earning at least ₹25,000 per month, and have a minimum credit score of 700, you can apply for a personal loan. The documentation is minimal, and the process is 100% digital.

In this blog, we’ll walk you through the complete DMI Finance personal loan document list, so you know exactly what to keep ready, whether you’re a salaried individual or a self-employed professional.

Why Accurate Documentation Matters

Having your documents in order speeds up the process, improves approval chances, and helps you get your money faster. With DMI Finance’s e-KYC process, the days of printing, scanning, and couriering documents are long gone.

Everything is done digitally, from identity verification to income proof uploads, which makes it easier, faster, and more secure.

Documents Required for DMI Finance Personal Loan

Here’s a clear breakdown of the documents needed for both salaried and self-employed applicants:

Document Type	Salaried Applicants	Self-Employed Applicants
Identity Proof	PAN, Aadhaar,	Same as salaried
Address Proof	Utility Bill (gas connection, electricity or postpaid bills), Rental Agreement	Same as salaried
Income Proof	Last 6 months’ salary slips or Bank statement of last 6 to 12 months	ITRs, Bank statement of the last 6 to 12 months

Note: This minimal document checklist ensures faster approval and fast disbursal with no physical paperwork required.

Step-by-Step: DMI Finance Personal Loan Application Process

1. Download the DMI Finance app from the Play Store or App Store.
2. Open the DMI Finance app and log in using your mobile number.
3. Tap on “Apply Personal Loan” to begin your application journey.
4. Enter Personal & Employment Details, including employment type, monthly income, educational qualifications, and residential address.
5. Enter your bank account details to allow DMI Finance to verify your income details securely.
6. Select the loan amount you need and pick a repayment tenure that suits you.
7. Complete the e-KYC process by entering your Aadhaar details.
8. Review your address, then provide your bank account details to enable automatic EMI payments (e-Mandate).
9. Read and accept the loan terms and conditions, and you’re done!

Your application will be submitted for review, and you’ll be notified of approval shortly.

With DMI Finance, applying for a personal loan is secure, paperless, and hassle-free. Our document requirements are straightforward and designed to help you get funded without unnecessary delays. Whether you’re a salaried or self-employed, if you’re meeting the personal loan eligibility criteria, you can get the funds in your account within 24 to 72 hours of approval. Click to apply for a personal loan now.  

Frequently Asked Questions (FAQs)

1. What documents do I need to apply online with DMI Finance?

You’ll need a PAN card, an Aadhaar for KYC, either salary slips or a bank statement as income proof, and a Utility Bill for address proof.

2. Can self-employed applicants submit alternate income proofs?

Yes. Self-employed individuals can provide a bank statement as proof of income.

3. How long does it take to get the loan after submitting documents?

Once documents are verified, the loan application is approved, and you can receive funds within 24–72 hours.

4. Can additional documents be requested after submission?

In some cases, yes. If there’s missing or unclear information, DMI Finance may request supplementary documents for faster verification.

5. Do I need to submit physical documents, or is digital submission allowed?

DMI Finance follows a 100% digital process; no physical paperwork is required.

5. How many months of bank statement do I need to upload?

A bank statement for 6 to 12 months is required, depending on the loan application.  

6. Is there a difference in documentation for different loan amounts, like ₹1 lakh vs ₹5 lakh?

No, the document checklist remains the same regardless of loan size. Be it ₹1 lakh or ₹3 lakh.