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Personal Loan bridges the gap between what we have and what we need.
Personal Loan is an unsecured loan.
One need to first figure out whether to meet the need of fund
from our savings or to take up a personal loan.
You need to consider thoroughly the Pros and Cons of both Personal Loan and Money taken from
If you decide to take out money from savings, you need to Plan Your Savings, so that, you can manage your good expenses Registry Planner
But, if you decide to opt for a Personal Loan, you need to get full information on it.
Here, we provide full information regarding the process of
completing the process of Personal Loan.
One need to decide from where to take the Loan- BANK or NBFC(NON-BANKING FINANCIAL COMPANY).
If you decide to take the loan from Bank-
If you decide to take it from NBFC-
Check the eligibility criteria by talking to a personal finance executive.
Following are the criterias which are essential to follow to approve the process of personal loan:
You need to inquire the documents required for the loan.
Following are the important documents to apply for the personal loan:
Along with the proper documents, you should fill up the application with the help of an expert.
After the successful fill up of documents. the application is submitted.
Then the verification process initiates. You should follow the approval process and cooperate with the financial institution for physical verification and on calls.
The approval of the loan application will be based on positive verification and positive CIBIL report.
After the approval of the loan, bank personnel officials will contact you for disbursement agreement/loan agreement.
Once the agreement process is completed, finally bank will credit the amount into your account or will issue a cheque.