What are the formalities to get a loan from a bank?
Date: 15 Jan 2011 Posted By:
Suppose there is a noodle hawker and he wants to get a loan so as to run his stall and progress towards opening a restaurant. Then what are the formalities he must complete to get a loan?
and make money!
View All Answers:
16 Jan 2011 Member Level:
Points : 2 (
Ther are some necessary formalties for obtaining loan from a bank. These are :-
1. There must be an Bank Account in the same Bank.
2. Bank ask some Guarantor for the loan. It can either a different person or some savings like NSC,KVP etc.
3. Bank also wants proof of the work which will be done with the help of Loan.
20 Jan 2011 Member Level:
Points : 2 (
There are lot of criteria is there for getting loan form Bank,
Option 1:- If you are salaried person then you can get personal loan easily by submitting your salary proof documents.(Loan amount should be based on salary and it will vary Bank wise)
Option 2:- If you are not a salaried person then you can go for Loan against property or Loan against gold.
Note:- My personal suggestion is not go for any kind of loans, better to think about "Chitties".It won't make huge interest and all.
Post answer or solution to "What are the formalities to get a loan from a bank?"
from Google AdSense and our revenue sharing programs by posting valid answers for this question.
to post a response.
Is there still a surcharge on the credit card transaction in petrol pumps?
How to promote my services in Internet?
I want article for political awareness
How to get a paypal account and how can I link it to my bank account?
Review any products or any service provided by any Indian or multinational company
Which is the better 3G or WiMAX?
Torrent downloading legal?
Can I Increase my internet connection speed?
Items good for health.
Internet through USB
Return to Question Index
Ask Question to Experts
Subscribe to Email
Get Jobs by Email
Forum posts by Email
Articles by Email
Awards & Gifts
Last 7 Days
K. Singh ...
ISC Technologies, Kochi - India. Copyright © All Rights Reserved.