A personal loan agreement is signed between the lender and the borrower. The applicant needs to submit the personal loan forms when applying for a personal loan.

The turnaround time can range from anywhere between 1-7 days for processing a personal loan application.

Yes, you need to submit additional documents post-sanction or pre-disbursement of my personal loan. Here is a list of documents you are required to submit: -

• Loan Agreement duly signed along with RTO set
• Post Dated Cheques (PDCs)/ECS Form/Standing Instruction (SI) request
• Margin money receipt

Proper documentation can help to speed up the process of getting the loan for the applicant.

Yes, you can carry out the personal loan documentation process online as well.

No, you only need to submit photocopies of your KYC documents.

No, you don't need to submit the same set of documents in case you want to avail an instant personal loan or a pre-approved personal loan.

The documents required for a personal loan may vary across different lenders.

It usually takes some time to verify the documents of the applicants for personal loan applications. It is best to check the status of the personal loan application at gradual intervals.

If you have a good credit score then you can get a personal loan at a low interest rate.