Getting a personal loan easily depends on your credit profile, documentation readiness, and choosing the right lender. Here's a step-by-step guide to increase your chances of getting a personal loan quickly and smoothly:
✅ 1. Maintain a Good Credit Score
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A CIBIL score of 750+ is ideal.
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Pay EMIs and credit card dues on time.
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Avoid maxing out credit cards or applying for multiple loans simultaneously.
✅ 2. Choose the Right Lender
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Go with banks/NBFCs where you already have a relationship (salary account, savings, or credit card).
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Consider fintech lenders for faster approval (like PaySense, Navi, KreditBee, MoneyTap).
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Look out for pre-approved offers from your bank—these are the quickest to get.
✅ 3. Apply Online
Most banks and NBFCs have an online application process:
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Fill in basic details.
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Upload documents (ID, income proof, address proof).
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Get approval in minutes to hours (depending on the lender).
✅ 4. Keep Documents Ready
Commonly required documents:
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ID Proof (Aadhaar, PAN)
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Address Proof (Utility bills, Aadhaar)
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Income Proof (Salary slips, bank statement for 3–6 months, ITR)
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Employment Details (for salaried individuals)
✅ 5. Select a Loan Amount You Can Repay Easily
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Use EMI calculators before applying.
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Opt for a comfortable tenure (12 to 60 months).
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Keep your EMI to income ratio under 40% for higher chances of approval.
✅ 6. Activate Auto Debit for EMI Payments
This ensures timely payments, which builds trust with the lender and protects your credit score.
🏦 Top Banks & NBFCs for Easy Personal Loans
| Lender | Interest Rate (From) | Processing Time |
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| HDFC Bank | 10.90% | Instant (if pre-approved) |
| ICICI Bank | 10.85% | 24-48 hours |
| Axis Bank | 11.25% | Within 2 days |
| SBI | 10.30% | 2-3 days |
| Bajaj Finserv | 11.00% | Fast online disbursal |
| PaySense/Navi | ~11–18% | Within minutes |
