How to Get Loan Online in India 2021

How to Get Loan Online in India 2021 – Many times when money is needed in difficult times, in such a situation it can take a long time to go to the bank and take money, so today we will tell you how to get online loan in such a situation?

You can easily take an online loan from your mobile. There are many such companies in our country that give online loans to their customers on the basis of only a few common documents.

In this important article of ours, we will tell you about this topic that how you have to apply for online loan.

We are going to understand its process in detail here and will also tell you what are the documents required to get online loan. So you read this article till the end so that you can get complete information about this topic.

What is online loan?

One such loan that we get online.

How to Get Loan Online in India 2021
How to Get Loan Online in India 2021

Online means in this way, as we take loan through application from our home without going anywhere or without visiting any bank, it is called online loan.

What are the documents required to take an online loan?

Some essential documents are required for online loan which are as follows. Some of these documents are important documents and some are not necessary, yet they can be asked from you.

Your Aadhar Card

The first thing you need to get a loan online. With the Aadhaar card, your complete information reaches the company, after which you do not need to fill any kind of form.

PAN card to check records of funds

Whenever you apply for an online loan on any application, you will definitely be asked for your PAN card. PAN card is used to check your financial records. The company giving you the loan checks your complete financial information before giving the loan.

Photo from mobile like Selfi with out cap

The mobile lending company also takes your live photo so that your real photo can be matched with your Aadhar card data. It is also used so that it can be known that the person taking the loan has uploaded the correct documents.

Bank Passbook

To take online, you also have to upload the passbook of the account of the bank in which you want to get the loan money online.

How to Get Loan Online in India 2021
How to Get Loan Online in India 2021

Bank account passbook and canceled check are asked so that your account can be correctly identified.

Your complete financial information can be traced with the help of Aadhar card and PAN card information.

Before uploading this type of information on any application, once you must check about that app whether that app is really correct or not. Next, you have been told about some such apps that give you a loan easily.

Read More – How to get business loan in india 2021

Best application to Get Loan Online in India 2021

Here you are being told about some applications, although there are many such applications in the market that give you loans.

Before applying on these apps, you should check these apps by yourself after one. Whatever app is mentioned in this article, it is being told to you after doing research from the Internet at a personal level.

Bajaj Insta Get fast Loan

CreditBee

This article has been placed at the top of our article. This app gives you the easiest loan. Through this app, you can take loan from 1000 to 1,00,000, that too at low interest rate, this app is an Indian brand.

Cashbean

Second on our list, this app is another Indian app that gives you loans for longer tenures on easy installments and at easy interest rates. This app also gives you loan from 1,000 to 2,50,000.

The special feature of this loan app is that it sends you the entire loan amount in your account while giving loan, while other apps keep some of the amount with you and then send your money to you.

Zest Money Get Fast Loan Online India 2021

Branch

We have placed this app at number three in our list.

This is such an app that gives you less loan also at a longer time and that too at the lowest interest rate but the reason for keeping this app at number three is only that it gives you very less loan in the beginning. However, this loan amount keeps on increasing slowly.

SmartCoin

This app, which is at number four in our list, is also on a very good app according to our experience. This app also gives you loan from 500 to 35000.

The reason for placing this app on the fourth number is that this app gives you a loan only when you link your bank account in it, then you choose the option of automatically deducting the installment from those bank accounts.

It believes more in the app, so this app is placed at number four.

Mobikwik

This app can be trusted blindly. This is also an Indian app which gives you loan from 20,000 to 5,00,000.

This is an app that is completely dedicated to loans. The reason for keeping this app in the last is that your loans are not approved easily in this.

After applying for a loan through this app, you are not able to know from which finance company you will get the loan.

How to apply for loan online?

How to Get Loan Online in India 2021
How to Get Loan Online in India 2021

Whatever process is being told to you to apply online in this article is almost the same for all other apps. You can follow this process.

  • Step 1 – Before applying in any app, you have to install that app in your phone. To install any app on your phone, you can install it from Play Store or Play Store on your phone.
  • Step 2 – After installing any loan app, you In these apps, you have to create an account of your own. After signing up in these apps, you will have to follow some easy process.
  • Step 3 – After registering in these apps, you will be asked for your documents, you will have to upload those documents. Which documents will have to be uploaded in these apps, about which you have already been told through this article.
  • Step 4 – After uploading the required documents, you may have to wait for some time till your document can be verified.
  • Step 5 – After checking the required documents, your account will be verified and you will be invited by the company to take the loan, after which you will be able to apply for the loan online.

Whatever you were told about the loan process, it is almost the same for all the apps. Less documents can be demanded in an app, then more documents can be demanded in some, it depends on what type of loan you are geting and from which app.

How to Get Loan Online in India 2021
How to Get Loan Online in India 2021

Conclusion

Through this article, you have been told about “How to get loan online in india 2021“. Whatever app you have been told in this article, we have told it on the basis of our research.

There is a risk in all types of loans, so before taking a loan, you should check all kinds of things. Hope you liked this article.

You can tell us your suggestions by commenting below.

Frequently Asked Questions – FAQ

Q1. Who can take the loan online?

Ans. The age of the applicant for the online loan should be above 18 years and any common citizen can take the loan online after fulfilling the criteria demanded by the company.

Q2. Are there any risks involved in taking an online loan?

Ans. Risk is there in all types of businesses and loans. It depends on your behavior whether you are able to repay those loans on time or not, although everyone pays back such loans.

Q3. Does taking an online loan make a difference to our civil score?

Ans. Yes! If you repay the loan properly and on time, then in that case your civil becomes very good and you get better offers in future, if you do not repay the loan on time, then your civil may get spoiled .

Q4. Is the online loan secure?

Ans. As far as we understand, before taking such loan, you should do complete research at your level and then take the loan.

Q5. Do online loan apps come under the purview of RBI?

Answer – Yes! Such loans run in India as per the rules of RBI.

Q6. What is a personal loan?

A personal loan is a type of unsecured loan that you can borrow from a bank or financial institution if you need money to pay for your financial needs.

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