The time it takes to get a personal loan in India can vary depending on several factors, such as the lender’s policies, your credit score, and the completeness of your documentation. In general, it can take anywhere from a few hours to a few days to receive a personal loan in India.
If you apply for a personal loan online and meet the lender’s eligibility criteria, you may receive approval within a few hours. However, the loan disbursal process may take longer, typically between 1-7 days, depending on the lender’s policies and the completeness of your documentation.
If you apply for a personal loan through a bank branch, the process may take longer. You may need to visit the bank branch several times and submit physical copies of your documents. The loan approval and disbursal process may take up to a week or more.
To speed up the process, it is essential to have a good credit score and provide all the necessary documentation required by the lender.