How to take loan from bank: Sometimes there comes a time in our life when we are in dire need of money . In such a situation, we go to any of our friends, close relatives or our family members , who can help us in this hour. In such critical situations, if none of these are able to help you, then that time becomes more difficult for you. In such a situation, you can take a personal loan from the bank , which is a good option to get money in case of emergency.
However, in today’s modern era, you get to see many such advertisements, which provide personal loans at very low interest rates. Loan Kaise Le, complete information related to this is being provided, along with this, complete information is being given about the interest rate, eligibility and documents required for taking a personal loan .
What is Personal Loan (W hat is Personal Loan )
Personal Loan in Hindi: Along with depositing people’s money, money is given in the form of loans by banks and various types of financial institutions to fulfill many purposes. Personal loan is also one of these. However, it is not necessary to have any specific reason for taking a personal loan. Actually you can take this personal loan to fulfill any essential requirement of your life.
The most important thing is that you can voluntarily use the amount received under this type to fulfill any purpose. While this does not happen in any other loan except personal loan, the purpose for which their loan is taken, they have to fulfill it compulsorily. You can use the money received under personal loan for your home construction, marriage, children’s education, purchase of household appliances and medical etc.
Documents Required for Personal Loan
To take a personal loan from the bank, you have to submit some documents, which are as follows-
Proof of Identity ( Aadhaar , Passport , Driving License , PAN Card )
Proof of Residence (Aadhar Card, Passport, Residential Certificate)
Income proof (Last 3 months salary slips as well as 3 months bank statement
passport size photograph
Eligibility for Personal Loan (Personal Loan Terms & Eligibility)
Personal Loan Eligibility: Banks also have to follow certain terms and conditions on personal loans. First of all, the income, employment history and ability to repay the loan of the bank customer is assessed by the bank manager. Loan is approved after reviewing all these aspects in various ways. The eligibility for taking a personal loan is as follows-
The applicant must be an Indian citizen.
The age of the person taking the personal loan should be between 21 years to 60 years .
If you work in a private organization, then your monthly salary should not be less than 15 thousand rupees.
If you are a businessman , then your monthly income should not be less than 18 thousand rupees per month.
The applicant must have at least 1 year of work experience.
What are the documents required for personal loan from the bank
What to do to take a loan from the bank: To take a personal loan from any bank, you are required to submit some important documents. If you do not have the complete documents asked for loan from the bank, then you will not be able to get the loan. Different documents are asked for loan by different banks, you can find out the nearest bank branch. List of documents required by the bank:-
Photo ID – Voter ID / Passport / Driving License / Photo copy of Aadhaar Card.
Residence Proof – Ration Card / Electricity Bill / Residence Certificate
Income proof – copy of your bank statement for the last 6 months
Employment Certificate – Certificate of continuous employment for one year
Passport size photograph
How to take personal loan from bank – How to take personal loan
Personal Loan Kaise Le: You can apply for personal loan through both online or offline, its process is as follows :-
Personal Loan Offline Application Process
If you want to apply for personal loan through offline mode, then the application process for this is as follows-
First of all, you have to visit the concerned branch and talk to the branch manager about taking the loan.
Branch manager will get your employment, residence, monthly income and various other types of information.
If the branch manager agrees, he will give you an application form for taking the loan.
After filling this loan application form, you will have to attach all the important documents and submit it to the bank.
After this, verification of your residence, income and documents will be done by the bank employees.
If the information and documents given by you during the verification are found to be correct, then he will present his report to the bank manager.
After this, the loan amount will be transferred to your bank account by approving your loan file for loan by the bank manager .
Personal Loan Online Application Process
If you want to apply online for personal loan, then first of all you have to know here whether online loan facility is available in the said bank or not. You can apply for the loan online when the online facility is available. For example, here we are giving you information about the process of taking a personal loan from ICICI Bank, its application process is as follows-
First of all, you have to visit the official website of ICICI Bank .
Now the home page will open in front of you, here you have to click on Personal Loan in the Apply Online section.
Now a new window will open in front of you, in which many options like Savings Accounts , Home Loans, Personal Loan, Car Loan etc. will be shown. In these options, you have to click on Personal Loan.
Now a new page will open, if you are already a customer of the bank, then you can proceed by selecting any one option from Net Banking, Credit Card, Debit Card , Loan Account. If you are not a customer of the bank, then you have to click on Skip & Continue as Guest.
Now the application form will open in front of you, here you will have to upload the documents after entering the details related to the information asked.
Once the loan is approved, the loan amount will be credited to your bank account. In case of a new customer, the loan amount will be transferred to the account that you have given in the application form.
Personal Loan Limit & Interest Rate
Personal loans are provided by banks and non-banking financial companies (NBFCs) to people to meet their urgent needs. These include house building, marriage, medical etc. Actually personal loan comes in unsecured category and interest rate ranges from 9 percent to 24 percent in comparison to secured loan. Under personal loan, you can take a loan from Rs 50 thousand to Rs 25 lakh, although some financial companies claim to give personal loan up to Rs 40 lakh.
Why Choose Personal Loan Option
Different types of loans are provided by banks and financial institutions but personal loan is more beneficial than all other types of loans. The most important thing is that the approval for personal loan is available in 2 to 3 days, with this you can make the smallest installment as per your convenience. Apart from this, other benefits are as follows: –
1. For Personal Purposes
The bank does not care about the purpose for which you are taking a personal loan. That is to say, you can use the amount you get through this loan for any of your personal work. The bank does not ask any information from you in this regard.
2. No Guarantor Required in Personal Loan
In case of taking a loan by the bank, one or two guarantors are compulsorily required, which can be any property or person. In fact, it is confirmed by the bank through the medium of the guarantor, that if the borrower is unable to repay the loan, then the bank recovers that money from the guarantor. But while taking a personal loan, you do not need to have any guarantor or any kind of asset or asset as a guarantee.
3. Installment Facility with Low Interest Rate
Personal loans are easily available as compared to any other type of loan, due to which many banks and financial institutions charge higher interest rates, but personal loans on Paysense have to pay very low interest rates. The biggest facility in this loan is that you can pay it back in as many installments as per your convenience.
4. Paperless Document
Apart from personal loan, in taking all other types of loans, you have to submit many types of documents. While in personal loan you have to submit only limited documents, that means you do not have to do much paperwork.