Apply for Personal Loan Online 2024: The personal loan scheme is provided by banks and financial companies to customers who want financial help in any emergency case or any urgent work. Marriage functions, educational purposes, medical expenses, and other types of needs can be fulfilled through personal loans. So if you are also looking for a personal loan scheme 2024 then you can check this article “Apply for Personal Loan Online” where we will discuss with you the step-by-step procedure to Apply for Personal Loan Online where you can get an instant approval within Minutes. But before Apply for Personal Loan Online, you should complete the Apply for Personal Loan Online eligibility criteria and carry the important documents which are also listed in this article.
A personal loan is a very beneficial scheme for emergency loan amount seekers. But banks and companies approve personal loans in 3 to 4 days. But due to digitalization, companies and banks are offering instant personal loan schemes also, where you can Apply for Personal Loan Online for a maximum of 6 lakh personal loans through online mode without visiting the branch and can get instant approval within 2 hours on the same day. The interest rates for personal loans are also lower than the other types of loans and range between 12% to 18% and so on according to the customer and the company.
Apply for Personal Loan Online benefits
- There is no physical verification or visit necessary to apply for instant personal loan
- Most of the details are automatically filled by the bank when you apply through online mode so there are very low chances of mistakes and rejection in the application form.
- Companies are providing repayment facilities for 12 months to 60 months according to the Apply for Personal Loan Online amount and the suitability of the customer.
- You have to pay an additional 2% processing fee and extra GST over your loan amount which will be deducted from the allotted amount before sending it to your account.
- Only a few documents are needed in the instant personal loan and you can upload them quickly in the application form or website through online mode.
Apply for Personal Loan Online Eligibility criteria
- Minimum age of the applicant should be more than 21 years old at the time of applying online, however the maximum age will vary between 55 to 60 years according to the bank.
- The applicant should have existing bank account in the bank where you are going to apply, however you can also open instant bank account and after that apply for instant personal loan.
- Bank account of the applicant should be linked with Aadhar Card and PAN card of the applicant
- If you are getting a good salary and have salary slip then you will get instead approval
- Cibil score of the applicant should also be more than 750 to get Apply for Personal Loan Online approval and low-interest rates personal loan.
Important document list for Instant Personal Loan Online
Applicants have to carry the following documents in the soft copy format to upload it on the official website at the time of applying:
- Passport size photograph of the applicant
- Bank account details in the passbook
- Last 6-month salary slip
- 1-year GST return ( if you are self-employed)
- Aadhar Card
- PAN card
- Mobile number
- Email ID
- Applicant should also have internet facility in the smartphone or personal computer to apply online
Apply for Personal Loan Online 2024
You can follow the following step by step procedure to apply online for instant personal loan:
- Firstly we have to visit to the official website of your bank where you have bank account, we are using Punjab National Bank as an example. https://www.pnbindia.in/
- After that you have to search the instant loan link under the product or loan section.
- Now you will be redirected on a new page where you have to click on instant loan approval application.
- After this you have enter your mobile number, bank account number and you will receive OTP for verification
- The Apply for Personal Loan Online application form will appear on the screen after the verification where you have to provide your person details, educational and professional information, contact details, banking history etc
- The last step is to select the loan amount and choose EMI to repay the loan amount and after that you can upload your all the documents
Once you have submitted your information and document you can save it on the website so company will verify your application instantly and will contact to you for personal verification, after date the loan amount will be provided in the bank account of the applicant .