In times of financial emergency, instant personal loans can be handy and beneficial for you. The advent of instant personal loans further eases this since these loans are speedy, as the name suggests. The following are the 4 steps involved in availing one.

4 Steps to Get a Personal Loan:

• Application 

The first step of the process is requesting an online personal loan application form. After receiving the form, it is essential to accurately fill in all the details to prevent rejection of your application. Checking your eligibility with an online calculator before this step ensures a more speedy process.

• Documentation

To avoid a longer sanction period, make sure you submit all the required documents punctually and adequately. Different lenders can ask for different documents, but address, identity, and income or employment proof are the main requirements.

• Verification 

After all the documents have been uploaded, the lender cross-checks and evaluates what you have uploaded. They also check your credit score and history, which are critical factors determining whether you are eligible for low interest personal loans.

• Signing and Disbursal 

Once the verification is complete, you are handed the agreement papers. Once you sign them, the amount is disbursed into your account in 24 hours. You can then use your newly acquired personal loan however you please!

Fullerton India aims to make getting a personal loan as hassle-free as possible. Our instant approvals and on-site calculators help you calculate eligibility, loan amount, and EMI before your application process, promoting better financial planning during this process. 

Additional Read: Here is how a Personal Loan Online Better Than offline process