Apply for Bank Loan
Money is the full-time requirement for every person. Whenever we need extra money for the family or any emergency we all might go for a loan. Personal loans are the easiest way to add extra money to your funds.
Types of Bank Loans Offered by Banks in India
Identity proof, passport size photos, PAN Card, bank statement (if salary getting in the bank then, 3 months of salary slips). Last 2 years Form 16. Phone bill and electricity bill.
Generally, Bank gives a minimum amount of 50,000 to a maximum of 30, 00,000.
Bank will assess your repayment capacity, that you are able to pay or not. Repayment capacity is based on your monthly expenses and what you save. Additionally, spouse income, other sources of income. The main purpose of Bank to check these things because they want to know that you are able to pay a loan on time or not.
EMI starts after the month in which banks pay the full amount of your loan money. From the following next month, your EMI will start.