When you need extra funds for personal and family emergencies, such as hospitalisation or wedding, applying for a personal loan will be an excellent choice. These types of loans are a convenient way to obtain funds because you don’t have to undergo the process of critical documentation.
Table of Contents
Apply for the Personal Loan: Steps to Follow
When you have decided to apply for a personal loan, there are certain steps which you have to follow. These are:
Step 1: Complete the Online Application
To initiate the loan application procedure, you should visit the authorised website of IDFC FIRST Bank and then check the eligibility for the personal loan. When you become eligible for the loan, you can apply for the urgent loans by filling out the application online.
You can get this done on the website of the IDFC FIRST Bank itself, or you can use the bank’s app to complete the loan application work.
Step 2: Get the Loan Approved
According to your eligibility, the loan you requested will get approved by the bank. Make sure to check the eligibility before you apply for the loan.
Step 3: Upload All the Documents
There are certain documents that the personal loan bank wants you to submit, whether you apply for the loan online or offline. Make sure that you upload all the required documents which will be needed for the verification process.
Step 4: The Disbursal
Once the verification process is completed, the personal marriage loan amount you applied for will be disbursed to your bank account immediately.
Since the personal loan application work is completely online, it makes this particular loan pretty convenient.
Documents to Submit for the Personal Loan
When you have decided to apply for an urgent loan, there are certain documents that you have to provide. These are:
- Provide proof of identity and age, such as an Aadhaar Card, Passport, Voter ID Card, etc.
- Provide proof of residence, such as a sales deed, Adhaar Card, house registration deed, etc.
- Give a copy of your Pan Card
- Provide proof of income, such as pay slips, income tax certifications, form 16, bank statements, etc.
- Self-attested and duly filled application for the personal loan
- Passport size photographs
How Will You Know That Your Loan Has Been Approved?
You can review the position of the loan application on the authorised website of the IDFC FIRST Bank. Otherwise, you can contact the customer care division to comprehend it.
To check the personal loan status, you have to utilise the reference number of your loan application, date of birth and registered mobile number. When your loan gets approved, the lender will notify you through an email or SMS on your registered mail address or mobile number.
Applying for a personal loan is pretty convenient, as you can do it online. You can check the eligibility online and then proceed further if you qualify for the loan. Once your loan gets approved, the lender will notify you immediately.