You can apply for a personal loan online, offline through ATM Machine, through Email, or through phone banking requests. These loans are unsecured loans and do not require collateral. They do not require you to specify the end purpose and can be obtained easier compared to other loans. You can get them to finance any of your personal needs, such as medical contingencies, vacations, education, buying things, doing the interiors of your home, and just about for any personal use. 

How To Apply For A Personal Loan Online?

  • Go to the website of the lending institution
  • PIck personal loans under the loan section. 
  • Click on the ‘apply now’ option. 
  • Fill in the details in the personal loan application form and submit the details. 
  • The bank will evaluate the eligibility of the applicant and request the individual to submit the required KYC and income documents. 
  • The bank will assess the eligibility of the applicant and request for the submission of the required KYC and income documents.  
  • If the applicant is rated as eligible, the bank will disburse the loan amount to the bank account of the applicant, as mentioned in the application form.

How To Apply For A Personal Loan Offline? 

The process of applying for a personal loan offline is as follows:

  • Go to the branch of the financial institution
  • Procure the personal loan application form and fill out all the required details.
  • Submit the appropriate documents that prove an individual’s income, age, address, and identity.
  • The lender will then check the documents and verify the eligibility of the applicant.
  • The loan amount will be disbursed to the bank account of the applicant if he/she is found eligible.

Email and Phone Banking Requests

You can request a personal loan with the bank via email or by contacting the customer service center of the bank. the bank will inspect your eligibility and contact you to carry out the process further. 

Request Via ATM Machine

Nowadays, you can apply for a personal loan via ATM booths as well. Once you raise a request, the bank employees will contact you.

Also Read: All Personal Loan EMI Calculator & Check Eligibility