Prepare documents and apply via trusted, RBI-approved platforms for quick loan disbursement.
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Here are quick steps for instant approval of personal loans
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Prepare Essential Documents
Essential documents should be ready, including a PAN card, Aadhaar, three months’ salary slips, Form 26AS for the last two years, address proof, and a valid ID card.
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Ensure Good Credit Score
A good credit score is crucial. Lenders prioritise applicants with solid credit histories. Regularly check your score before applying.
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Choose Reliable Lenders
Opt for banks or fintech platforms you trust, ideally those with whom you have an existing relationship. Banks with longer relationships may process your loan faster and avoid hidden costs.
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Apply via Instant Loan Platforms
Many fintech apps and banks offer instant loans for quick access to funds. These platforms can verify your details through Aadhaar-linked OTPs, providing fast-track approvals.
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Verify App or Platform Credibility
Before applying, ensure that the fintech app or NBFC you use is RBI-approved.