How do you apply for a personal loan?

Having a personal loan at a time of need can be a huge advantage. In a trying time, it could be the biggest advantage a person could have. The fact that you can go out and solve an emergency with the help of an instant loan is a huge advantage. Taking a loan through a bank is the best method and you can get a minimum loan of about Rs 50,000/- and the maximum limit offered by most banks is in the range of about Rs 5,00,000/-; the key is that there is no return plan that is asked by the bank nor does the bank ask how the amount is going to be utilised. So, how do you go about if you want to apply for personal loan?

It is quite easy to apply for a loan. Here is the procedure in most banks –

1. Check your eligibility based on your working condition – if you are a salaried or self employed person.
2. See if there are pre-offered loans or plans if your company has an existing relationship with the bank. In most cases, this is the easiest way to get an approval provided you have the right documentation.
3. The rates of interest varies across the eligibility criteria that you qualify for. So, be sure of the personal loan India you are applying for.
4. Documentation required is proof of identity and residence, salary slips for three months and bank statements for that period, 2 passport size photos. In case you are self employed, you need proof of business and continuity of business.

You can apply online on most reputable banks. Indus Ind bank offers quick and easy personal procedures so that you can attend to your requirement quickly. You can check the more details about personal loan on IndusInd’s website. Get the list of cities and check the eligibility.