How to Apply for a Personal Loan

Overview
A Personal Loan from the bank can help you meet financial needs such as medical expenses, travel, education, or home renovation without providing collateral.

Eligibility Criteria
To apply for a personal loan, you must typically meet the following conditions:

• Minimum age: 21 years

• Maximum age at loan maturity: 60–65 years

• Stable source of income (salaried or self-employed)

• Minimum monthly income requirement

• Good credit history

Documents Required

• Valid ID Proof (Aadhaar / PAN / Passport)

• Address Proof

• Income proof (Salary slips / ITR)

• Bank statements for the last 6 months

• Passport-size photographs

How to Apply

1. Visit the bank’s website or nearest branch.

2. Fill in the personal loan application form.

3. Upload or submit required documents.

4. The bank will verify your credit profile and eligibility.

5. Once approved, the loan amount will be credited to your account.

Processing Time

Loan approval usually takes 24 hours to 5 working days depending on verification.