Many people need money to meet their personal needs. For some reason, salaries are often delayed or end at the end of the month. Then we start thinking about taking out loans. If you need a personal loan of Rs. 20,000 rupees urgently, this article provides information on how to get Rs. 20,000 rupees instantly offline or online. In addition, required documents, approval period, interest rate, etc.

I need a loan of Rs. 20,000 rupees urgently. what to do? If you need 20,000 rupees urgently, there are 3 ways:

• Government Bank
• Private Bank
• loan app

1. Government Banks

If you need 20,000 rupees urgently and want it within 1-2 days, it is not suitable to apply to a government bank as it takes 3-4 days to process. If you want to get a loan of Rs 20,000 through State Bank, you have to go to an offline branch to apply. Loan approval may take some time. If you have a bank account, try to get the loan from the same bank for faster approval. The Rs 20,000 loan falls under the personal loan category. The interest rate in this case is 6% to 8% per annum. There are no hidden processing fees.

2. Private Banks

It takes him 1-2 days if he gets a loan from a private bank, but some banks approve and disburse loans within 24 hours. Examples of such banks include Bandung Bank, HDFC Bank, and ICICI Bank. You can also contact private financial companies such as TVS, Chola, and Piramal. get a loan. However, the problem with these banks is that your application may be delayed or rejected if you have a low salary, CIBIL, or credit score.

• Access offline branches or use online websites to apply for loans from commercial banks.
• Interest rates fluctuate between 10% and 18% per annum.
• Fees range from 200 to 500 rupees GST.
• Loan repayment terms range from 3 months to 2 years.

3. Loan Apps

If you don’t want to go to the bank and want to get a loan quickly using your mobile phone, you can apply for a loan using the Loan App available on the Google Play Store. However, be aware that interest rates and fees will also be higher if you take a quick loan through an online loan application. If you want to get a loan easily, you can do so by downloading a loan application form.

Here, we have provided a list of 10 such loan applications where loans up to Rs 20,000 can be availed by simply uploading an Aadhaar card, PAN card, and bank statements for 6 months. To redeem the loan, you must also upload a selfie of yourself. Please let me know the name of the loan application for the Rs 20,000 loan available.

• Paytm
• vonpe
• Google Pay
• Mobiwik
• Dhani Mobile Application
• Kishto App
• MoneyView App
• Quick money app
• Credit Bee app
• Navi Credit App
• Cash Bean App

How do I Apply Online if I Need an Rs. 20,000 Personal Loan Urgently?

Follow these steps to apply for a loan through these mobile apps.

• First, download any of the mobile applications listed above from the Play Store.
• After downloading, register your mobile phone number in your mail ID.
• Aadhaar card and PAN card details are required.
• Two passport photos of him are also required.
• Some applications require bank statements for the last three months.
• Requires a digital signature.
• Once the entire process is complete, it will be reviewed within 1-2 hours.
• If your details are correct, your loan will be approved within 1-2 or 3 hours.
• Loan amount will be transferred directly to your account.

Note: Interest rates are relatively high. In addition, there is a processing fee. Try to pay off the money you borrowed on the loan app as soon as possible.

Eligibility Criteria to Get a Rs. 20,000 Loan Urgently

You can easily get a loan of Rs 20,000 from the above platform, but with some conditions. If you follow these rules, you can get credit.

• You must be 18 years of age or older.

• Monthly salary must be at least INR 15,000.

• Must have a CIBIL score of 600 or higher.

• Must have a bank account.

• Proof of Indian nationality is required.

• A PAN card is required.

• Mobile phone must be associated with his/her Aadhaar card and PAN card.

Repayment Period of Rs 20000 Loan

If you take out a loan with a smartphone app, the repayment period will be 3 months at the shortest and 2 years at the longest.

Required Documents for Urgently Needing Loan of Rs 20,000

The following documents are required to apply for a loan

• 2 color passport photos
• PAN Card / Aadhaar Card / Voter ID / Driving License
• Bank statements for the last 3 months
• Address proof
• Job or employment details (if any)
• Business Details (if any)