You can avail for a personal loan from any bank if you meet certain eligibility criteria and submit authentic documents.

Eligibility Criteria:
  1. To be eligible to avail a personal loan, you must be between the age group of 23 and 55 years.
  2. As a salaried employee, you must be working in an MNC, public, and private company.
  3. You have to be a resident of India.

Documents Required:
You need to produce the following documents to prove that you have a stable source of income.
  1. Employee ID card
  2. Salary slips of the last two months
  3. Bank account statement of the previous three months of your salary account

Steps to Get a Personal Loan:
If you meet all these criteria and have these documents, you can get a personal loan from any financial institution without any complications. You need to follow the given steps to apply for a personal loan.
  1. Go to the selected bank’s site and open the personal loan application form.
  2. Fill in your personal, financial, and employment details as directed in the form.
  3. Submit the form, and select the loan amount and tenor that you require.
  4. Your loan will be approved instantly after which the lender’s representative will get in touch with you.
  5. Submit your documents to the representative, and your loan amount will be disbursed in your account.
Have you thought of checking out NBFCs, like Bajaj Finserv? They offer quicker and hassle free loan on competitive interest rates. A Bajaj Finserv personal loan is disbursed instantly; and filling out the online form hardly does not take too long either. Thus, saving your time and effort.