How to Download Income Tax Statement for Personal Loan Application?
Reviewed by: Fibe Research Team
- Updated on: 30 Sep 2025
Reviewed by: Fibe Research Team
When applying for a personal loan, providing proof of your income is one of the most crucial steps. Lenders need to verify your ability to pay back the loan before approving your application.
And one of the most reliable documents for this purpose is your income tax statement. In this blog, we will explain how to download an income tax statement for a personal loan application, which documents you should submit and other important details that help you get your loan approved quickly and without hassle.
Before we dive into the process, here is a quick list of essential documents you should have ready:
Having these ready simplifies the process and reduces back-and-forth with your lender.
An income tax statement summarises your income, tax deductions and tax payments for a financial year. It serves as official proof of your income and tax compliance. For a personal loan, this document provides lenders with confidence in your ability to repay and demonstrates financial responsibility. The Taxpayer Identification Number (TIN) or PAN helps authenticate the document.
Lenders assess your repayment capacity based on factors like your salary, credit score, existing debts and overall financial health. The income tax statement is important because it:
By understanding how to download an income tax statement for a personal loan application, you can speed up your loan approval process and avoid delays.
Follow these easy steps to download the income tax statement for a personal loan application:
By following these steps, you can easily download Form 26AS for a loan application and obtain all the required tax documents for your lender.
Many people confuse how to download the ITR for a home loan with personal loan requirements. Here’s a quick comparison:
| Document | Purpose | When Used | Source |
|---|---|---|---|
| Form 26AS | Tax Deducted at Source (TDS), TCS and advance tax paid summary | Loan applications | Income Tax Dept Portal |
| ITR Acknowledgment | Total income and tax liability filed for a financial year | Loan applications | Income Tax Dept Portal |
For both home and personal loans, banks prefer Form 26AS for loan application because it provides a detailed and official record directly from the Income Tax Department, ensuring complete authenticity.
Most banks ask for your income tax statement for a personal loan application, and ITR proof from the latest two financial years. This helps them verify consistency in your income and tax compliance. You can use both the personal loan income tax proof download and Form 26AS for the loan application as authentic documents to support your loan case.
Apart from Form 26AS, it is recommended to download your filed ITR for the last two years. Together, these documents form your income tax statement for a personal loan application and improve your chances of quick approval.
Here’s how to get an income tax statement for loan approval:
Collecting these documents in advance prevents last-minute rushes and delays.
Annual income statements are critical for demonstrating your financial standing. They help lenders confirm:
A clear income tax statement for a personal loan application boosts lender confidence and helps speed up your loan processing.
Knowing how to download an income tax statement for a personal loan application and which documents to submit can significantly ease your loan approval process. Using official sources like the Income Tax Department’s portal to obtain Form 26AS, ITR acknowledgements, and tax filing history provides authentic proof of income.
Be sure to include your personal loan income tax proof download, income tax statement for personal loan application and any additional proof required by the bank. These steps improve your chances of loan approval and avoid unnecessary delays.
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The most commonly required documents include Form 26AS for the loan application and your filed ITR acknowledgement. These documents verify your tax payments, tax credits and declared income for a hassle-free loan process.
Lenders use the income tax statement to verify your declared income and tax compliance history. It helps them assess your ability to repay the loan, reducing risk and speeding up the approval process.
