There are various aspects that come into play when the lender is looking at the personal loan application. As we know that a personal loan generally requires no collateral security and guarantee, the only thing that decides the scale of trust and confidence in the mind of the lender is the loan applicant's documents and credit score as these reflect the repayment capabilities.
To apply for a personal loan in Our Partnered NBFCs, the documents required are quite simple. As far as you have a steady job/income, along with other certain things (which we have pointed down below) you can apply for an Instant Personal Loan in quick time! It's always better to have all the required documents before applying for a personal loan as this would make a good impression in front of the lender which can help in the assessment of your loan application.
Applying for a loan through Dosina Finserv in Our Partnered NBFCs gives you the luxury to have a completely online loan process with no hassles at all – this includes minimum documentation and a paperless process.
The loan applicant's documents are assessed by the lenders and then depending upon the respective criteria set and followed by the lenders, the proceedings take shape.
The following are the general documents required to apply for a personal loan:
When it comes to applying for a business loan, there are a lot of factors that are strictly considered while analysing a business loan application. Generally, as business loans are unsecured and the lenders are not asking for any collateral guarantee, the loan applicant's credit score and documents stand as the pivotal grounds for further considerations.
In order to apply for a business loan in Our Partnered NBFCs, you need to have certain documents that play an imperative role in your loan application. The information given below will help you in understanding the general criteria for applying for a business loan in our NBFC partners.
As discussed above, having certain documents are crucial in deciding the probability of your loan approval from any financial institution. If your documents are perfect, you can easily apply for a business loan in our partnered NBFCs and take the process forward.
The lenders, upon receiving the loan documents, look for certain documents without which the lenders would generally show less interest in that loan application. So, it's better to be prepared enough and present all the required documents before the lenders.
The following are the general documents required to apply for a business loan: