How to get personal loanFriends, if you also need money and you also want a personal loan, then this article is for you. In this article we will know about Personal Loan Kaise Le, What is Personal Loan, Documents, What is Eligibility etc.
Before taking any loan, we should have complete information about the loan which increases the chances of getting the loan. Before applying personal loan online, if we have complete information about it, we can also get it at low interest rate.
Personal Loan in Hindi
Personal Loan As the name suggests, there is no specific reason for this type of loan, it depends on the borrower how he will use it. When you take a loan to buy your household items, for marriage, for tuition or for any personal work, then it Personal Loan or personal loan.
You can use the amount taken under Personal Loan for any of your personal work. Personal loan is an unsecured loan. This loan is given to you on the basis of your CIBIL score.
If your credit score is very good then you can get Instant Personal Loan in very less time. There are many types of loans, but you know that sometimes we need a personal loan for our personal expenses.
You can meet any of your needs by taking a personal loan, so it is considered better than other loans.
Where to take personal loan?
To take a personal loan, you should first contact the bank in which you have an account. There are many banks that provide the best personal loan. If you are a Salary Person and you have a Salary Account in that Bank, then the Bank will never hesitate to give you a Personal Loan.
But if you do not get any salary in that bank, you only have a normal account, then the bank can follow some process to give you a loan. Since there is no security in personal loan, it can be assumed that it is a high risk loan for the bank.
What is CIBIL Score?
It is a three digit number which is between 300 and 900. This number shows the eligibility of any person to take a loan.
Before giving you a personal loan, any bank or financial institution CIBIL Score Will check The total score in CIBIL is 900. To take a loan, your CIBIL score should be more than 700 out of 900, then it is good.
If you have already taken any credit card, you have already taken any loan and if you fill it on time, then your CIBIL score will always be good and your score will be high.
Benefits of personal loan
Now let’s talk about what are the benefits of taking it personal:
- You do not have to give any guarantee to take a personal loan.
- You can take this loan for any of your personal work like marriage, for children’s education, for home repair or for your personal work.
- You do not have to give any security to the bank to take a loan.
- To take personal, you have to give very few documents, due to which its process is very fast.
- If you are a Salary Person and apply for a loan from the same bank in which you have a bank account, then you get the loan easily.
- If you have a good CIBIL score then you can also get the cheapest personal loan.
- personal loan There is no restriction of any kind on you, you can use this money wherever you want.
- Personal loan helps us a lot in times of urgent need.
Disadvantages of Personal Loan
Whatever be it, it has both advantages and disadvantages, if we get many types of benefits of personal loan, then it also has many disadvantages which you need to know:
- The most expensive loan on which the bank charges the highest interest rate is a personal loan. The main reason for this is that this loan is an unsecured loan, in which you do not have to give any kind of guarantee to the bank, due to which the bank will charge your maximum interest rate.
- In comparison to other loans, you also get less time to repay the loan.
- Unless you have a specific need, do not take a personal loan.
personal loan amount
The amount of personal loan amount can be different in different banks too, but generally this loan amount ranges from Rs 50,000 to Rs 25 lakh. Some lending institutions claim to give loans up to Rs 40 lakh.
Personal Loan Rate of Interest 2022
The personal loan interest rate may be different in different banks. Generally, this loan is given at an interest rate of 9 percent to 24 percent annually. It depends on the lending bank or financial institution that it is charging you the rate of interest for giving you the loan.
If you fulfill the eligibility and conditions of the lender, then you can take advantage of the lender’s attractive Personal Loan Interest Rate. If we apply for that loan without knowing the interest rate of the loan properly, then we may have to face problems at the time of repayment of the loan.
Personal Loan Tenure
It depends on the lending bank or financial institution for how long it is giving you the loan. Generally the tenure of personal loan is up to 5 years.
Why and when should one take a personal loan?
As the name suggests, the loan taken for personal work is a personal loan. You can take this loan for marriage, for home repair, for any of your personal work.
This loan is very expensive, friends, the rate of interest on it is also high, so do not take this loan until it is needed.
Personal Loan Documents Required
The documents may be different in different banks or financial institutions, but the general documents are as follows:
- Applicant must be a permanent resident of India.
- Aadhar card
- Identity Card (Passport, Driving License, PAN Card)
- passport size photo
- mobile number
- Proof of Income (Salary slips for the last three months and Bank statement for 3 months (where the salary is credited))
- Address Proof (Electricity Bill / Aadhar Card / Passport)
Personal Loan Eligibility
Anyone who is in dire need of money personal loan can apply for Before applying for this loan, you should check your CIBIL score. The higher and better your CIBIL score, the sooner your loan will be approved.
Purpose of taking personal loan
Many times it happens that we are in dire need of money, due to which we have to spread our hands for money in front of our relatives or any friends. Due to which your image also gets reduced in comparison to those people. In this situation, a personal loan plays a good role in helping you.
In this situation, you can apply from any bank or lending institution and get the money. You can use that money to fulfill your needs.
How to apply personal loan?
We can apply in two ways to get a personal loan. One we can apply online second we can apply offline. Let us understand about both the process. Most of the banks provide the facility of applying for personal loan through net banking.
Follow the steps given below to understand the process of applying for personal loan online:
Personal loan online apply process
- First of all, you have to go to the official website of the bank from which you want to get the loan.
- After visiting the official website, you will see the option to apply for personal loan on the home page, click on it.
- After clicking, the personal loan application online form will open in front of you on the new page.
- All the information asked in the form has to be entered correctly, upload your documents and submit the form.
- The bank may also request for KYC and income documents to assess your eligibility.
- Once your loan is approved, the loan amount is credited to your bank account.
- If you are a new customer in this bank, then your money will be credited to the account whose details you have given in this form.
How to apply personal loan offline?
- First of all you have to go to your nearest bank branch from where you want to apply for loan.
- After going to the bank, you have to get the personal loan application form from there.
- Enter the information asked in the form correctly.
- Attach the required documents with it.
- And submit this form to the bank.
- After your application is approved, the loan will be credited to your account.
Things to keep in mind before taking a personal loan
- First of all, take a loan from the bank where you have your account. This will not take much time for your loan to be approved.
- Before taking a loan from any bank, you should make sure that which bank do you trust, which bank do you prefer.
- Inquire for a loan at least in the bank because the more you inquire, the lower your CIBIL score also goes.
- Before applying for the loan, you need to know which bank has the personal loan interest rate.
- If any bank or lending institution is claiming to give you a loan at a low rate of interest, then you should be cautious because in this situation you can get caught in the fraud.
- There are many private banks that claim to give loans at a very low interest rate, but this happens because their other charges are much higher than that of a government bank.
- The processing charge in a private bank can be very high as compared to a government bank, so whenever you take a loan from any bank, do a thorough inquiry about that bank.
How to get the cheapest personal loan?
Everyone wants to take a cheap loan. You can get a cheap personal loan if you keep a few things in mind:
- CIBIL Score: Personal loan is an unsecured loan. This loan is completely given to the customer on the basis of his CIBIL score. Your credit score should be very good to avail cheap personal loan. Generally a credit score of 750 or above is considered good.
- Type of Employment: Before giving the loan, the bank checks whether the applicant has employment or not. If you have an employment from which you are getting a steady income then you can get low interest rate and quick loan.
- Loan Amount: How much loan amount you are applying for can affect your loan.
- Personal loan to women: If a woman applies for a personal loan, she can get a discount in the interest rate and can get a cheaper personal loan.
- For Salaried Person: A salaried person can get a loan quickly as he has a stable income. If your salary account is in the same bank then you can take advantage of Personal Loan Offers of that bank.
- Apart from this, the bank takes into account many things before giving the loan such as the applicant’s income, accommodation, repayment capacity etc. If you are successful in fulfilling all the eligibility of the bank, then you can get a loan up to a higher loan amount in less time.
personal loan bank list 2022
Now we are showing you the list of top banks from where you can get loan:
| Allahabad Bank | Andhra Bank |
| axis Bank | Bajaj Finserv |
| bank of india | Bank Of Baroda |
| Bank Of Maharashtra | City Bank |
| Canara Bank | Central Bank Of India |
| Corporation Bank | Dena Bank |
| DCB Bank | federal bank |
| HDFC bank | HSBC Personal Loan |
| ICICI Bank | IDBI Bank |
| indusind bank | Jammu and Kashmir Bank |
| Karnataka Bank | Karur Vysya Bank |
| Kotak Mahindra Bank | Nainital Bank |
| Laxmi Vilas Bank | Oriental Bank of Commerce |
| RBL Bank | Punjab And Sind Bank |
| Punjab National Bank (PNB) | State Bank Of India (SBI) |
| standard Chartered Bank | Syndicate Bank |
| UCO Bank | United Bank Of India |
| Vijay Bank | Yes Bank |
| Tata Capital | fullerton india |
| Aditya Bank | Bandhan Bank |
| IDFC Bank |
Conclusion
In this article we have you Personal Loan Kaise Le Tried to give complete information about Hope you find this information given by me informative. If you want to get more information about personal loan or you also want personal loan then you can read this article till the end.
Personal loan related questions:
The best personal loan lenders are State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank, Citi Bank, Standard Chartered Bank, Bajaj Finserv, Tata Capital etc.
HDB Financial Services is providing personal loan up to Rs.20 lakh.
In this article, we have provided you the list of banks that provide personal loans.
You can get this loan from the bank or from the lending institution.