About Indiabulls Personal Loan

Would you like to apply for a personal loan? Then you’re in luck since Indiabulls Personal Loan Approval Process now offers consumers personal loans with the best discounts and deals, which will be very beneficial to them. The Dialabank Personal Loan webpage also has information about personal loans. Dialabank’s official website lists a variety of lending options. Returning to the Kerela Gramin Bank, the following are the best selling factors of the Indiabulls Personal Loans Approval Process:-

Customers with a strong credit history and an account with Gramin Bank are eligible for low-interest pre-approved personal loans.
You can also complete your KYC and submit your documents digitally through Gramin Bank’s online application.
By visiting the bank’s website or call, you can keep track of the status of your Indiabulls personal loan application in real-time.
Gramin bank also includes diverse income and occupation groups, as well as specific plans.

Indiabulls Personal Loan Eligibility

Particulars	Salaried	Self-Employed
Age	21 – 60 years	21 – 65 years
Minimum Income	Rs.15,000*	Rs.5 Lakh p.a.
Co-applicant	Not mandatory	Not mandatory
Loan Tenure	12 – 60 months	12 – 60 months
Maximum Loan Amount	Rs.40 Lakh	Rs.40 Lakh
Employment Type	Employees of private limited companies and public sector undertakings	Self-employed individuals
Employment/Business Continuity	At least 2 years; minimum 1 year with current employer	4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score	750 and above	750 and above
Residential Status	Resident Indian staying in own house or a rented house

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank	Age Limit	Minimum Work Experience	Minimum Income (Per Month)
SBI	Up to 76 years	NA**	Rs.15,000
HDFC	21 to 60 years	2 years	Rs. 20,000
Private	23 to 58 years	2 to 5 years	Rs.17,500
Axis	21 to 60 years	NA**	Rs.15,000
Kotak Mahindra	22 to 55 years	1 year	Rs.25,000
Tata Capital	21 to 58 years	1 year	Rs.15,000
IndusInd	21 to 60 years	2 to 5 years	Rs.25,000
Ujjivan Small Finance	22 to 58 years	NA**	Above the minimum wage limit
India Infoline Finance Limited	25 to 60 years	6 months to 2 years	Rs.35,000
HDBFS	21 to 65 years	1 year to 3 years	Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed
Indian Overseas Bank	Up to 58 years	NA*	Rs.5,000
IDFC First Bank	23 to 68 years	3 years	NA*
Federal Bank	21 – 55 Years	3 years	Rs.25,000
Punjab National Bank	21 – 58 years	2 years for doctors	Rs.15,000
Andhra Bank	21 – 55 years	NA**	NA*
Canara Bank	NA**	NA**	Salaried: Rs.6,000 & above Self-employed – Rs. 1.5 lakh
IDBI Bank	Up to 75 years for Pensioners	NA**	Rs.1.5 lakh p.a.
Fullerton India	21 to 55 years	1 to 2 years	Rs.15,000
RBL Bank	25 to 60 years	1 to 3 years	Rs.25,000
Bank of Baroda	21 to 60 years	1 year to 2 years	60% of gross monthly income
Deutsche Bank	25 to 60 years	NA**	Rs.25,000
Karnataka Bank	NA**	3 years	NA*
United Bank of India	up to 75 Years	2 years	NA*
UCO Bank	21 to 65 years	1 year to 5 years	Rs.20,000

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

Documents Required for Indiabulls Personal Loan

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhar Card Driving License
Address Proof (Any one)	Passport Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card
Income Proof	Salary slips (Last 3 months) Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one	IT returns (for 2 years) Form 16
Residence Ownership Proof (Any one)	Property documents Maintenance bill Electricity bill
Proof of Job Continuity (Any one)	Current employment certificate Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)	Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)	Payment Track Record & Sanction letter
Photograph	One coloured passport size photograph

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhaar Card Driving License
Address Proof (Any one)	Passport Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card
Proof of Residence Ownership (Any one)	Property documents Maintenance bill Electricity bill
Proof of Office Address and Ownership (Any one)	Maintenance bill Property documents Electricity bill
Proof of Business Existence (Any one)	Copy of GST registration Company registration license Shop establishment proof
Income Proof	Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement	Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)	Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)	Payment Track Record and sanction letter
Professional Degree Certificate	In case of professionals
Photograph	One coloured passport size photograph

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof	Copy of the passport Copy of the visa
Employment Proof	Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID
Income Proof	Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate
Photograph	Passport size photographs

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)	Ration card Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate
Address Proof (Any one)	Passport Aadhaar card Utility bills Ration card Driving licence
Income Proof (Any one)	Last 6 months’ bank statements/salary slips Bank passbook Form 16 Copy of pension payment order Income tax returns
Photographs	Passport size photographs

Know More About: Personal Loan Eligibility Criteria

Indiabulls Personal Loan Approval Process

You are required to bring the following documents to avail personal loan from Gramin Bank:-

Filled up a loan application form or an online form, if you are applying online
2 Passport Size Photo
Identity Proof – One of the following documents: a driver’s licence, a PAN card, a passport, a voter ID card, or an Aadhaar card
Residential Address Proof – One of the following documents: a registered rent agreement, a passport, a leave and licence application, or a utility bill from the previous three months.
Income Documents – Copy of the last two years form 16, three months payslips, and three months bank statement showing salary credit and any EMI debit.

Steps to Apply for Indiabulls Personal Loan

If you wish to apply for an Indiabulls Personal Loan, you can do it either online or in person. We will inform you about the procedure both online and in-person at the branch. If you want to apply, you must first complete the steps listed below: –

Visit the Indiabulls website or contact a Gramin Bank branch for further information.
Fill out the personal, professional, and financial information requested by the bank, and then submit the form.
The bank will verify your eligibility and tell you the amount you are eligible for when you finish the online form.
Once you agree to finish the application, you must submit the appropriate documents, which can be done online.
Finally, Gramin Bank will process your paperwork, and monies will be issued to your Gramin Bank account as soon as the loan is accepted.

If you want to get straight to the branch, you must complete the steps outlined below:-

Fill out the application form at any Gramin Bank branch with the necessary personal information, occupation information, and contact information.
The eligibility, conditions, processing fees, prepayment, and foreclosure requirements of the loan will be discussed with you by a Gramin Bank representative.
After submitting the application form and supporting papers, you will be granted an application reference number. You can use this number to track the status of your Gramin Bank Personal Loan application.
The loan can be disbursed as soon as the loan is approved and the agreement is signed after successful verification.

Indiabulls Personal Loan Approval Process FAQs

✅ How does a personal loan work?

When you submit a personal loan application to a lender, the lender reviews it and decides whether or not to accept it depending on the institution’s requirements. Following that, the loan amount is instantly deposited into your bank account. You will be required to pay the EMIs on a monthly basis as part of your loan repayment.

✅ What is an EMI?

The Equal Monthly Installment, or EMI, is the amount of money that a borrower must pay every month in order to pay off the loan within a certain time frame. The EMI includes both the loan’s principal and interest.

✅ What is a credit score? Why is it important?

A credit score often called a CIBIL score, is a numerical representation of your debt repayment history. Depending on the loan institution, different conditions apply.