How to get a loan: Many times people need money to meet their personal needs, manage their daily expenses, buy a new phone, travel somewhere. When we spend more than our budget or for some reason our salary is exhausted before the end of the month, we start looking for other words like loan words like how to get a loan, what to do to get a loan, Types of loans, etc.
But when we do this kind of research online we get frustrated due to lack of correct information.
You can take loan from banks, financial institutions with the help of loan application, in which you have to go to the nearest bank and apply for the loan there, apart from that you have to follow the loan process and conditions. So you can get bank loan easily. Friends, if you really want to take a loan, are looking for how to get a loan, then today’s article will be very useful for you.
Here we will share more details about how to get a loan, what is the process of taking a loan, what to do to take a loan, types of loans, things to keep in mind while paying and information about loans etc. So read this article from beginning to end.
Types of Loans – What to do to get a loan?
However, now there are many ways to take a loan, with the help of which you can take a loan for yourself. Loans can be taken from banks, financial institutions, online loan applications, credit cards, civil codes, Aadhaar card loans, personal loans, instant loans, government loans, etc.
Here we have told about all the ways to get a loan, let’s know it in detail:
Bank Loan – Bank Loan Case
It is considered the best way to take a loan from a bank because here you can go to the bank yourself and if there is any problem you can talk to the bank manager there.
Meanwhile, many banks also provide online loan facility including State Bank of India, HDFC Bank, Union Bank, Punjab National Bank, Canara Bank, ICICI Bank etc.
1: To get a loan from a bank you first need to go to the nearest bank and talk to the bank manager there to get the loan.
2: After this the bank loan application form has to be taken.
3: Thereafter, the requesting documents have to be submitted adding the pre-conditions as prescribed by the bank.
4: Now the bank officer will check your loan eligibility criteria,
5: It means that the bank officer will come to your house and after verifying your ID, proof of residence etc. will take it from you and inform the bank.
6: If you meet all the eligibility criteria, you will get the loan.
What documents are required to take a loan from a bank?
If you take a loan from a bank, you should have the following documents.
proof of income,
Apart from this, the bank will grant the loan only after checking the identity proof, address proof of the applicant. Remember this.
From which bank you can get loan
Nowadays many banks provide you loan service, from them you can easily get loan from ₹5000 to ₹30000 by just presenting Aadhaar Card, PAN Card, Bank Statement, Payslip etc. online.
This is only possible if you have a good civil score and a good qualifying record; Otherwise you will not get loan from bank.
So let’s know from which banks you can get loan:
List of Public Sector Banks in India 2023
Bank of Baroda
Bank of India
Bank of Maharashtra
Central Bank of India
Indian Overseas Bank
Punjab and Sindh Bank
Punjab National Bank
State Bank of India
Union Bank of India
Private Sector Banks in India
Axis Bank Limited
BANDHAN BANK LIMITED
CSB BANK LIMITED
CITY UNION BANK LIMITED
DCB BANK LIMITED
DHANALAXMI BANK LIMITED
FEDERAL BANK LIMITED
HDFC BANK LIMITED
ICICI BANK LIMITED
IndusInd Bank Limited
IDFC FIRST BANK LIMITED
JAMMU AND KASHMIR BANK LTD
KARNATAKA BANK LIMITED
Karur Vaishya Bank Ltd.
Kotak Mahindra Bank Ltd.
Nainital Bank Limited
RBL BANK LIMITED
SOUTH INDIAN BANK LIMITED
Tamil Nadu Mercantile Bank Ltd.
YES BANK LIMITED
IDBI BANK LIMITED
Note: So, these banks will not only give you loan, but you can also take loan from any government, private, rural or cooperative bank near you. To get a loan, you just need to follow the terms and conditions laid down by the bank, and provide the eligibility criteria, documents etc. given there properly.
Can I apply for a loan through a finance company?
Finance company is second in terms of credit, currently there are many finance companies in India like Bajaj Finserv, Home Credit, Aditya Birla, India Bulls and Hero Corporation Limited, which provide loan services, in finance you can also take commercial loans. For loan you can visit the nearest store and there you can request and get the loan amount.
Note: Loans from finance companies can be obtained instantly as compared to banks, but here the interest rate is slightly higher and a fixed period is given to credit the loan if the applicant does not repay the loan amount.. If you take a loan from here, there are many There are fees and costs.
What documents are required to get a loan from a finance company?
By the way, even after taking a loan from a financial company, the documents you use to take a loan from a bank are used. Borrow from a finance company
In order not to obtain, the following documents are required:
Leading Financial Companies in India
There are many loan finance companies in India from which you can get home loan, education loan, gold loan, personal loan etc. Here we have given the names of some of the leading financial companies in India from where it is possible to get loans easily.
List of Top 10 Finance Companies in India
BAJAJ FINANCE LIMITED
Muthoot Finance Limited
HDB Financial Services
Mahindra & Mahindra Financial Services Limited
POWER FINANCE CORPORATION LIMITED
Shriram Transport Finance Company Limited:
TATA CAPITAL FINANCIAL SERVICES LIMITED
Aditya Birla Finance Limited
L&T Finance Limited
Cholamandalam Investment and Finance Company
You can avail loan using online loan application
With the help of loan application you can apply online for taking loan, for this you have to download one of the loan app available on google play store in your smartphone, then you have to enter some of your personal and bank details, then you have to personal You can easily apply for a loan.
Now we will apply for the loan from Moneytap app, before applying for the loan keep the KYC documents for the loan with you.
We have given you information about how to apply for a loan for Moneytap app with the help of some steps below, by following which you can easily get a loan from Moneytap app.
Step 1. First of all download Moneytap app from Google Play Store
Step 2. Then you have to login with email, facebook or phone number, when you login with phone number, you have to enter your mobile number.
Step 3. After this you have to click on Apply for Credit Line
Step 4. Now you will get the Verify Your Eligibility option where you have to enter some of your personal details to verify your eligibility.
Step 5. If you are eligible for the loan, your loan will be approved
Step 6. After this you have to fill your profile, in this you have to provide some personal data.
Step 7. Then, after entering your bank details, you will get a shipping option which you need to click on.
Step 8. Next, as soon as your Moneytap loan is approved, the loan amount will be transferred to your bank account.
What documents are required to get a loan using the loan application?
If you want to apply for a loan using the loan application available on the Google Play Store, you must have the following documents.