How to Get 5 Lakh Loan?

The answer to how to get 5 lakh personal loan will depend on the fact that from which bank you are planning to avail the loan. You will need to apply for it on their official website or visit the bank’s branch. The application process is almost the same for all the banks. Let me just tell you how you can apply for a 5 lakh personal loan in IndusInd Bank since I availed a personal loan from them a couple of years ago. 

How can I Get 5 Lakh Loan?

Here is how to get 5 lakh loan instantly via IndusInd instantly:

• Visit the

  IndusInd Bank website

• Enter your PAN details and Mobile Number 

• Tap on the option Next

• Check out the best offers for you

• Select one offer and proceed

• Enter all details asked for like name, DoB and others

Get money in your bank account instantly. This is the generic process for how to take 5 lakh loan for almost all banks. 

You can also take help from some reliable banking partners to get the loan approval easily for example NoBroker. You will need to

• Visit the

  NB InstaCash portal

• Tap on the option Withdraw Now

• Enter your mobile number and OTP next

• Proceed with the loan application process 

• Provide details like name, bank account number, DoB and more

Get the loan amount directly in your bank account

Go with whichever one you find easier. If you have any doubts, you can comment here. I will definitely try to help you out.

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Hello! I can help you with how to get 5 lakh loan. I took a personal loan a while ago. So, let me share the steps with you here.

How to Get 5 Lakh Personal Loan?

You can take a personal loan by filling out an application form and submitting the required documents at any NBFC or bank through their official website. However, you need to be eligible for the loan. The criteria change from one financial institution to another. 

So, check the criteria of the specific financial institute where you are applying for a loan. Still, let me share the general eligibility criteria.

1. You must be an Indian resident. 

2. You need to fall in the age bracket 

3. You must have a minimum monthly income of Rs. 25,000 (Van be less or more depending on the institution)

4. You must be a salaried applicant, working in a private limited company or public sector undertaking or a self-employed applicant with substantial work experience.

5. You should meet the minimum required CIBIL score.

You will also be required to submit a few documents. These mainly include,

1. A PAN Card

2. ID proof (Government issued)

3. Address proof

4. Signature proof

5. ITR/Form 16

6. Last three months' salary slips

7. Last six months' bank statements

These are the documents asked in general. However, the list can vary based on the financial institution. So, do run a check for the same.

This is how can I get 5 lakh loan. I hope this will help you.