Applying personal loan made easier for you, with just a few clicks

So you've ticked all the possible channels from where you thought, you could get financial assistance. But you are disappointed with the response and are on the lookout for immediate cash. The savings from the regular pay-checks are not much to cover up the expenses which you are faced with, due to a medical condition that has cropped up from out of nowhere. If you are reading this article, I’m assuming you to be the one who has tested possible ways and means of getting some funds for your urgent needs but has not been able to meet the expectation. Don’t worry my friend. We’re here to get you sorted with the issues if faced with the “financial crunch”.

Instant Personal Loans have come up as an ideal solution and has become an instant hit amongst the masses. From the viewpoint of building a faster credit compared to other forms, Personal Loans are an excellent way as it carries the risk of being unsecured. 

With the advent of the internet and the advancement of technology, it has become easier to apply for Personal Loan Online. You are saved from doing multiple rounds of banks and waiting for the countless number of hours in the queue, to file your application. You can simply apply for a personal loan, with just a few clicks from your smartphone, or desktop and upload your documents. You can even calculate your eligibility and determine possible installment amount, which you will have to pay for your loan. 

But before considering to approach any lender for Personal Loan, few key points, you should take into account from your end. Personal loans are unsecured, as there is no collateral attached to it. It is easy to avail, faster in disbursal and requires minimal paperwork. But any lender before granting you the Personal loan, will thoroughly evaluate your credit history and understand your repayment capacity. It is important you clear off all your previous debts, pay all the remaining credit card bills, and keep a good track record of past repayment history.

In this era of digitization, all the major lenders have come up with the Online Personal loan application process. You can check and compare online on various platforms, as different Banks and NBFC’s offer different Interest Rates of Personal Loan. The good news is that many Fintech Players (online marketplace to compare and decide best interest rates for loans) offer customized facilities, keeping into account the personal profile of the customer, to provide you with a more personalized experience. 

The CIBIL score of the individual plays a key role in granting the maximum loan amount to the individual. If you have a CIBIL score of more than 750 onwards, you stand a chance to negotiate the interest rates too. And if all documentation is in place, your loan amount will be disbursed in 3-4 working days(average for most lenders).

Below are the details of documents that you will be required to upload to apply for Bank of Baroda Personal Loan Online.

For Salaried

1.    Identity Proof

2.    Residence Proof

3.    Last 3 months bank statement

4.    Last 3month salary slip

5.    Form 16 or ITR of last 3years

For Self Employed

1.    Identity Proof

2.    Residence Proof 

3.    Last 3-month bank statement.

4.    Last 3 month IT returns with computation of income.

5.    Last 3 years CA certified audited balance sheet and Profit and loss account.

Here is a comparison of interest rates, processing fees, and pre-closure charges.

With a host of lenders at play availing Personal is not a daunting procedure anymore. You are saved from long hassles and tiring paperwork tasks. From the comfort of your home, you can choose to apply for the personal loan, 24/7 any time of the day. The customer care executive is available over the phone to guide you through, in every step. 

So go ahead and sort your financial issues, with Personal Loan at attractive interest rates from various lenders at play.