Loans

Instant Personal Loan – How to Get Loan from Mobile?

How to get loan from mobile, this question comes from many people who want to take an instant personal loan or another type of loan to meet one of their needs. The borrowing process has become quite easy now. If you want to take a loan from a mobile, then you can easily apply for Instant Personal Loan with the help of your mobile. Today, the facility to apply for a loan from mobile is being provided by many banks, NBFC apps or financial institutions. If you need money and want to take a personal loan, then you can apply for a loan from mobile. The process of taking a loan from mobile is quite simple and you can get the loan amount in your bank account from mobile itself.

How can I take loan from mobile?

Through mobile, many banks allow their customers to get loans through their exclusive Mobile App so that customers can take loans from their homes in a fast and simple process. There are many facilities available on the mobile app, which makes it very convenient to take different types of loans. If you want to apply for a loan from mobile then very less documents are required for it. Also, the whole process from loan to approval is done from the mobile. You can apply online from mobile to take the loan, you can also upload all necessary documents digitally through mobile. If you do all the processes, the loan gets approved and sanctioned.

An instant personal loan is being provided through mobile to Salaried and Self Employed people by many banks, NBFCs and financial institutions. Approval is available in less time for an instant personal loan from mobile. If your credit history is good then you can easily get a loan at a low-interest rate, whose initial interest rate is very low.

If you apply for a loan from your mobile online, then the eligibility of the applicant depends on many factors. It includes many factors like income, age, nature of employment, credit score, and credit history of the applicant. To take a loan from mobile through the online process, the applicant has to fulfil the eligibility criteria kept by the lenders. Some necessary eligibility criteria must be fulfilled by the applicant to take the loan.

Eligibility Criteria for get a loan from mobile

You can check your Loan Eligibility online in a few minutes to take a loan from mobile. If you are an existing customer of the bank, then you can also check the pre-approved loan offers through net banking, in which you can get an urgent loan with few documents.

  • You should be a Salaried Employee, that is, you should have a job or you should be Self-Employed.
  • Your age should be within the age limit prescribed by the bank.
  • There should be a minimum income for loan eligibility.
  • You should have work experience for the specified period.
  • Must have a minimum credit score.

How can I get instant loan through mobile? Step by Step Process 

If you want to take a personal loan online then it can be very important for you to know how to take a loan from mobile. If you want to take a loan from your mobile online, then you have to go to the official website of Lenders or you have to enter the mobile app of Lender on your phone. After this, you can apply for a personal loan from your mobile.

  1. First of all, you have to go to the official website of the lender or go to the mobile app.
  2. After this, you have to go to the Loan option.
  3. Now you can see information about Loan Products like Interest Rate,
  4. Processing Fees etc. and below it, you will also get Apply Now button.
  5. After going to Apply Now, you have to enter all your general information.
  6. After this, you have to upload all the necessary documents.
  7. your loan application is further processed and it is verified and approved by the lender.

Documents required to get a loan from mobile

If you have all the necessary documents available to take a loan from online mobile or bank loan, then the process of loan application and loan approval is completed easily and quickly. The different documents required may vary according to your loan amount requirement and different lenders.

  • PAN Card
  • ID Proof – Aadhar Card, Voter ID, Driving License, Passport
  • Address Proof – Aadhar Card, Driving License, Passport, Utility Bill – Electricity, Gas Bill
  • Bank Statements of last 3 months, Salary Slip, ITR, Form 16

If you are a customer of the bank, then no documented process is required for Pre-approved Personal Loans provided by the bank to their customers. Apart from this, customers of the bank can also apply for a loan from mobile through NetBanking.

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