Personal loans are usually given with less documentation process and quick approvals as compared to home loan or gold loan.
Once you figure out how much loan you need for personal use and the duration of repaying the loan, you need to understand what is your eligibility to get maximum amount of loan.
Maximum amount of loan is calculated based on your employment history, repayment capacity, income level, profession and credit history.
You can use an online EMI calculator to understand how much deduction will happen from your monthly salary for how many years and at what interest rates.
You can apply for a personal loan from net banking, online banking website, or by visiting a branch with a lender, which can be a bank or fintech organization.
Documents such as Salary statements, Income Tax Returns, Proof of residence and identity proof, Certified copy of your degrees would be required to apply for personal loan at a bank usually.