Personal Loan – Hello friends welcome to this new articles today we are going to tell you complete information about personal loan in detail and easy way so you have to read this article till the end.So that you don’t miss anything you want to read this article till the end friends these days there are many types of loans offered by banks the most popular loan is personal loan so let’s know the complete information about it before you need to join the below whatsapp group so that you can get every You will get this thing
What is a personal loan?
In the category of personal loan unsecured loan, here the information about how to take personal loan, documents required, applicant process, etc. is given in this article.A personal loan given by a bank to an individual is a personal loan which is an unsecured type of loan i.e. you do not need to pledge any of your property to the concerned bank for taking a personal loan this type of loan is called unsecured loan.
Loan interest rate
Guys interest rates on personal loans are slightly higher than other loans like home loan, property loan, car loan, etc. because for this loan you do not pledge any of your property or property to the bank.And in all other loans, the bank can take possession of the mortgaged property if the loan is repaid, but personal loans are given by the bank only at risk. Interest rates for personal loans generally start from 10.49%.
Advantages of personal loans
- You can use a personal loan to meet any personal financial needs
- This is a collateral free loan
- So you don’t need to keep anything dirty for this
- In personal loans you also get top up loan facility
- Personal loan processing is very fast
- A personal loan loan can be disbursed faster than a secured loan
- Many banks offer same day loan facility to you
- Personal loans require fewer documents
Necessary documents
- Let’s take a look at some of the documents you need to get a personal loan from any bank or institution
- Aadhaar Card PAN Card Income Certificate Identity Card Resident Certificate Bank Account Passbook Last six or twelve months Bank Statement Blank Check Mobile Number and Passport Size Photograph
- Apart from this, for personal loan you have to provide some documents for your business information if you are a government employee
- So you can use your employee ID to provide private employees using identity card and pay slip received from their organization
Application process for personal loan
- Friends for taking personal loan almost all banks process is same if you want to take personal loan from any bank the easiest process is given below so let’s see
- First of all set all the documents required for personal loan in one place and prepare their file
- Now go to the branch of the bank from which you want to take loan
- Every bank has a loan officer for loan related work
- Inquire from the loan officer about the personal loan granted by the bank
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