Click on each step below to view detailed information about your loan eligibility process.
Every bank or lender has specific criteria such as:
Typically includes:
You can apply:
The bank will:
If you meet the criteria, the bank issues a sanction letter mentioning:
You’ll sign a loan agreement. After signing, the loan amount is credited to your account or directly to the seller (for property/vehicle loans).
Repay through EMIs (Equated Monthly Installments) via auto-debit or cheque. Timely payments maintain a good credit score.