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