Below mentioned are the primary methods used for making personal loan application:
Offline Request: Simply visit any of the nearest bank branches and submit the personal loan request form with the help of the relationship manager.
Online Application: If you already have an account with a particular bank through which you wish to access a personal loan then sending a loan request comes quite easy. You can manage the request through the net banking service. On the other hand, if you don’t possess an active net banking service with the concerned bank, you can still apply for a personal loan online using the bank’s website.
Online Financial Marketplaces: Online financial marketplaces like Paisabazaar.com allow you to compare personal loan features offered by multiple banks and NBFCs through a single platform and then, avail the best personal loan offer available on your credit score, monthly income, employer’s profile, etc. Thus, these marketplaces save you from visiting and applying through multiple bank websites and/or physical branches and the associated risk of any negative impact on your credit score. For example, at Paisabazaar.com, you can compare personal loans features offered by 30+ banks and NBFCs and avail the best personal loan offer available on your credit score and other aspects of your credit profile.
Phone Banking and Email Requests: Customers can submit a request linked to a personal loan by sending an email or directly contacting the bank’s customer care centre. The bank would analyze your creditworthiness and later contact you for further discussions.
Application through ATM Machine: Some banks also allow their pre-approved/pre-qualified customers to apply for personal loans through their ATM machines.
