what is the process to apply for personal loan?

There are two processes to apply for a personal loan

1- Offline process

• Visit the branch of a bank or NBFCs
• Get the personal loan application form and Fill all the details.
• Submit the required documents of your Income, address, identity, and age.
• The bank or NBFC will verify your documents and will check that you are eligible for a loan or no
• After that, the amount will be directly transferred to your bank account

2- Online process

• Visit the website of the Bank or NBFC.
• In the loan column, choose a personal loan.
• Click the ‘apply now’ option.
• Enter your details in the application form and submit it.
• Then the financial lender will check the eligibility and also request for the required KYC documents and income documents.
• If you are found eligible, Then the lender will disburse the amount of loan into your bank account.

Watch the video for more clarity

Hope this helps