To begin with the personal bank loan, one should ask the employer to provide him with the letter stating his/her annual salary along with the salary slips. You might need the bank statement also, if the salary is transferred directly into your bank account.
Evaluate your financial assets, liabilities and debts.
Your first preference can be your regular bank but this does not mean that you will get the best rate there. In any case, one should prefer to visit other banks and collect information about their interest rate.
One should not only consider the interest rate but the terms of repayment of loan should also be kept in mind.
A secured loan is a good way to avail financing with minimum interest rates, so try to go for it.
Ensure the complete documentation of your loan by filling all necessary documents with your bank.
Before signing the documents, read carefully all clauses to make sure that everything is in its place.
If everything is as it was decided, feel free to sign the documents and avail your loan.
Now adhere to the terms and pay back the loan as it was agreed in the terms and conditions.