ALL >> Travel >> View Article
How To Apply For A Personal Loan?

Living life to the fullest is the mantra now and to enjoy every moment, we do need financial freedom most times. Personal loan helps meet exigencies arising due to lack of finance. Be it wedding expenses, paying off medical debts or to make other payments, it can help to pay off debts. The best part about this loan is they do not need any collateral or security and need minimum documentation. Other best features are that they have super fast disbursals, friendly repayment structures, flexible tenures and good competitive interest rates.
Five easy steps to apply for a personal loan
Loan applications are now made easy and so is the case for this one. Here are five clear steps you need to follow to apply for one:
1. Figure out the loan amount: Take time to analyse your requirement and the amount for which you need to apply for a personal loan. The loan amount may rise from 1 lakh to 40 lakhs in most cases. So, it’s important to be clear on what amount is suitable for you.
2. Check the eligibility criteria: See whether ...
... you are eligible for obtaining a personal loan. Read through the rules of the specific bank or FI from which you wish to apply. There are also eligibility calculators that display the loan amount that can be obtained from a particular bank based on your inputs. As per your eligibility, you can check whether you can get the desired amount of loan.
3. Calculate your EMI: Check your EMI options and the monthly amount to be paid. This can also be easily checked through EMI calculators. Simple to operate, all the details about your loan can be checked beforehand through this. You can choose a repayment tenure that suits you. Input this along with loan amount and the interest rate and the monthly payments are equated.
4. Choose the mode of application: Personal loan can either be applied online or offline. If applying through a bank, it can be done online through net banking or an ATM via the bank’s website. It can also be applied offline by visiting the nearest branch.
5. Keep the documents ready: For both online and offline application process, there is a requirement of some minimum documents. In most cases, these will include an ID proof, address proof and income statements such as bank statements, salary slips or IT returns.
Add Comment
Travel Articles
1. Chauffeur Service Bristol – Luxury Travel With Jaf Executive TravelsAuthor: JAF Executive Travels
2. Best Places To Travel In Rajasthan, India With Car Rental Services
Author: RagRaj
3. Cheap Multi-city Flights Deals – Travel More For Less
Author: welovetravelusa
4. ¿cuál Es La Política De Cancelación De Vuelos De Volaris?
Author: ¿Cuál es la política de cancelación de vuelos de V
5. Best Rajasthan Holidays Tour: From Jaipur To Jaisalmer’s Golden Sands
Author: Fantastico India
6. Bristol Airport Taxi Services With Minicabride: Reliable, Affordable, And Convenient
Author: minicabride
7. Singapore Airlines Student Discount: Your Complete Guide For 2025
Author: Flyviatrip
8. Scraping Easemytrip For Airfare Trend Analysis
Author: travel scrape
9. Find Inner Peace With A Luxury Spiritual Travel India
Author: My Yatra360
10. Chauffeur Service Brighton – Travel In Style With Jaf Executive Travels
Author: JAF Executive Travels
11. Unforgettable Memories With A Romantic Tanzania Honeymoon Safari
Author: Signature Safari
12. Best Morocco Tour Packages For Every Traveler
Author: edaward
13. Mountain Climbing In Tanzania – Everything You Need To Know
Author: Almighty Kilimanjaro
14. Scrape Cruise Reviews To Enhance Passenger Experience
Author: travel scrape
15. Heathrow Airport Taxi – Your Ultimate Guide For Convenient Travel
Author: minicabride