Personal Loan

Personal Loan in Karnal – Check Eligibility & Apply Online


Applying for a personal loan in Karnal can be time-consuming. Want a personal loan to repay your debt, buy a house, or plan a vacation in Paris?

Well, then you are in the right place with the right intent. Today in this article, we will discuss personal loans, how to apply through the online mode, the documents you require, and the eligibility criteria.

Karnal as a location for finance and personal loans:

Being one of the busiest cities of Haryana, Karnal is the hub of several economic activities. With a major historical occurrence during the 1857 rebellion, it is also a place of rich heritage and culture.

Besides all this, it is the main centre of multiple economic activities. So, getting a personal loan in Karnal can be difficult for you. There are many credible options to look for while obtaining a personal loan. You can navigate the ups and downs and apply for it with the correct know-how.

From where should you borrow a personal loan?

If you want to apply for a personal loan in the right way, you need to look at the right source.

As for sources, two popular sources offer personal loans. We will discuss which one is better between both of them.

  1. BANKS:

Banks are the best place to get a personal loan in Karnal. It is because banks charge a very low interest rate, give you sufficient time to repay the debt, and do not require any additional funds.

In Karnal, there are several banks, both government and private, that provide you with promising benefits. So, banks are a better source to look for when applying for a personal loan.


This is also possible if you seek a personal loan in Karnal. Private financiers can offer you the amount you want.

But, these sources often charge a very high interest rate as compared to banks. Sometimes, there are hidden charges that you are barely going to notice. They give you less time to repay their debt and often do not provide any additional benefits that banks provide.

Are you eligible to claim a personal loan in Karnal?

Dive into the eligibility criteria to get the right answer to this question. However, the exact values may vary according to bank regulations and individual prospects.


You must be at least 21 years old and less than 65 years old to get a personal loan in Karnal.

The age limit varies from bank to bank, but this can be an average count. Some banks also consider the upper limit to be 63–67 years.


If you work for any government or private institution, you must have a monthly income of INR 25,000. If you are a business person, you should generate 15 lakhs per annum to get a personal loan in Karnal

Some banks might even allow you to get a personal loan on a salary of INR 15,000 per month.


A jobholder must have ongoing job experience of about one to three years. Similarly, a businessperson must have work experience of about two to four years.

  1. Credit Score:

If your credit score is appealing, banks will not hesitate to sanction the loans. A credit score of 750 or more is always a plus for you if you want to get a personal loan in Karnal.

What are the documents required to apply for a personal loan in Karnal?

As far as documents are concerned, you will be asked for the following:

  • ID Proof:

Any legal and authorised document (authorised by the Central Government of India) that provides your identity, like your Aadhar Card, Voter ID Card, Board Certificate, etc., is mandatory.

  • Address Proof:

Any legal document that shows your address, like your Aadhar Card, Domicile Certificate, Voter ID Card, etc., is required while applying for a personal loan in Karnal.

  • Date of Birth Proof:

Your birth certificate is mandatory to apply for a personal loan Karnal. This gives your birth proof and your place of birth.

  • Signature Proof:

You must also provide proof of your signature when applying for a personal loan. To prove that, you can submit your PAN card, passport, or banker’s verification form.

  • Income Proof:

You must show your bank statements, pay slips, recent IT returns, etc., to prove your income. Sometimes, you might also be required to show your employment proof, which is not often asked.

  • Your application form with your recent passport-size photographs attached is mandatory.

How to apply for a personal loan in Karnal online?

Here are some steps for you to follow:

  • Visit the page of application of the bank from which you prefer to apply for a personal loan. 
  • Read the “terms and conditions” page thoroughly before accepting the terms and conditions.
  • Enter your mobile number linked to your bank account, followed by an OTP.
  • Now fill in your details, like your name, address, pin code, PAN, etc.
  • The loan page pops up, where you have to enter your loan amount, the type of loan you want, and the period of repayment.
  • Then lastly, you must submit all your documents, like your KYC documents, income proof documents, and photographs.


A personal loan can open windows for you to thrive on your dream. It can bring up new opportunities and help you accomplish your plans, like going on a foreign tour with your family or financing a marriage. A personal loan in Karnal is easy to apply for, quickly approved, and can be conveniently repaid.

To read more engaging blogs like this, visit the official page of Piramal Finance. They have hundreds of proficient articles and blogs on personal finance. Make sure you check them out.