Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply
Quick Links for loans
Quick Links for Insurance
Investment
Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Personal Use Loan > How Can You Avail Small Personal Loan Online in 2024?

Personal Use Loan

How Can You Avail Small Personal Loan Online in 2024?

How Can You Avail Small Personal Loan Online in 2024?

Often an unexpected expense can mess up your monthly budget. This might not necessarily be a big-ticket expense; even certain missed bills or medical emergencies can disrupt your finances. In such a situation, relying on a small personal loan can help you make your ends meet.

What is a small personal loan?

Small finance is an unsecured loan offered for the short term to meet urgent financial requirements. Several lenders offer these loans for salaried employees and self-employed individuals. Since it requires no collateral and carries minimal paperwork, you can avail of a loan almost instantly.

Further, being a personal finance option, you can utilise this loan for a variety of purposes. From medical bills, house repairs and renovation, education fees, etc., you can cater to all your urgent needs hassle-free. Wondering how to get a small personal loan? Read on.

Additional Read: How to Apply for a Personal Loan in 5 Simple Steps?

Compare lenders

Before applying for a loan, shop around and check for different loan offerings by various lenders. Naturally, you want to apply with a lender that offers affordable personal loan interest rate. However, consider other factors like repayment tenure, eligibility criteria, charges, penalties, etc. This will help ensure that you get the best loan terms to meet your requirements.

Check your credit score

Your credit score is a crucial aspect of your loan process. Lending institutions assess your credit score to determine your creditworthiness. With most lenders, you need a credit score of 750-900 to avail of a loan at lower interest rates.

Moreover, some lenders might also approve your small loan at convenient loan terms if you have a steady income source.

Understand the eligibility criteria

Other than your credit score, you need to fulfil the eligibility criteria set by the lender. Various lenders have different eligibility criteria but typically include requirements relating to-

  • Income level
  • Employment type
  • Age

So before applying, go through the set eligibility criteria of your preferred lender to know if you meet the requirements.

Additional Read: Dos and don’ts for an instant personal loan in India

Apply online

Applying for a loan these days is easier than ever. Most lenders have an online application process that offers you maximum convenience and ease of getting a loan from the comfort of your home. All you need to do is visit the website of your chosen lender, fill in the digital application form with personal and loan details, upload the necessary documents, and you're done!

Submit the paperwork

As mentioned before, applying for a small loan does not require extensive documentation. That being said, the general paperwork you need to submit are as follows-

  • ID proof
  • Address proof
  • Income proof (Salary slips/ITR)
  • Bank statements

 Once you’ve uploaded the soft copies of your documents, the lender will carry out the online verification process. After which, you will receive an instant confirmation of your loan.

Need quick funds?

Now that you know how to get small personal finance, connect with Tata Capital for an instant personal loan. With flexible EMI plans, minimal required documents, and quick loan disbursal, convenience is now yours!

Use our personal loan EMI calculator and start planning your loan with us today!

Apply Now
Disclaimer

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.