How to Get 6 Lakh Loan?

I might not be able to give you a definite answer on how to get 6 lakh loan as it will depend on the fact that from where you are availing the loan. In my case, when I applied for a personal loan from Kotak Mahindra Bank, I just had to submit some documents and fulfil their eligibility criteria. Now this varies from one bank to another, but is usually the same; hence, let me just share with you how I availed of a loan of Rs 6 lakhs from Kotak Mahindra Bank.

How Can I Get 6 Lakh Loan?

Availing a loan of Rs 6 lakh is easy, but you need to fulfil some basic criteria, like:

• Your age must be between 21 and 60 years

• You must be employed

• Your CIBIL score should be 750 or above

• You must have a stable income

Now this is what Kotak Mahindra Bank asks for. If you are planning to avail a loan from some other bank, visit their branch or website to learn about their eligibility. 

As for documents, you must have

• Identity proof like Aadhar, PAN or Voter Card or others 

• Address proof like utility bills, Aadhar, Voter card or others 

• Income-proof documents like salary slips or bank statements

If your bank asks for more documents, you will need to provide them as well. You just have to,

• Visit the bank physically

• Fill out the relevant loan form

• Submit all the required documents as asked for 

If you want to apply for it online, then

• Visit your bank’s official website

• Select the personal loan option

• Apply for the loan 

But if you want to get Rs 6 lakh on priority without any hassle, you can also avail of it through some well-known personal loan providers like NoBroker.

NB InstaCash

lets borrowers avail of a loan of up to Rs 10 lakh instantly so you can consider opting for it. 

I hope this detailed answer on how to get 6 lakh loan was helpful.

Read More:

How to get 10 Lakh Personal Loan?

Here’s a comprehensive guide for how to get 6 lakh loan: Numerous banks and financial institutions in India offer personal loans. Some of the top options include:

• SBI Personal Loan: Offers loans with interest rates starting at 9.60% p.a. and tenures up to 7 years.
• HDFC Bank: Offers quick disbursal of personal loans with competitive interest rates.
• ICICI Bank: Known for its flexible repayment options and fast processing times.

The general eligibility criteria across most lenders include:

• Age: Typically between 21 and 60 years.
• Income: A stable monthly income, which varies by lender but generally starts from ₹20,000.
• Employment: Salaried individuals, self-employed professionals, and business owners are eligible.
• Credit Score: A good credit score (700 and above) increases your chances of loan approval at favorable terms.

Commonly required documents include:

• Identity Proof: Aadhaar card, PAN card, passport, or driving license.
• Address Proof: Utility bills, rental agreement, or passport.
• Income Proof: Salary slips for the last three months, bank statements, and IT returns for self-employed individuals.
• Photographs: Recent passport-size photos.

You can apply for a personal loan online through the lender’s website or offline by visiting a branch. The online process is typically quicker and more convenient. After submitting your application, the bank will verify your documents and check your credit score. Once approved, the loan amount will be disbursed to your bank account, often within a few days. Repayment tenure typically ranges from 1 to 5 years, depending on the lender and your agreement. Ensure you understand the EMI (Equated Monthly Installment) amounts and choose a tenure that aligns with your financial capacity. This is all about how can I get 6 lakh loan. Enjoy Quick Approval of Personal Loan at Low Interest Rate through NB Instacash Read more What is 6 Lakh Home Loan EMI 5 Years and 10 Years?