So the first hurdle on who to call and how much can a bank give me at that what rate is now click away. Within few minutes one can  get online quote for most banks. The other set of process where customer need to sign application form and submit documents is a  manual process.

Based on your eligibility bank outsourcing team or executive will come and take your documents and will get an application form  signed up. After this Bank will de - dupe your profile with Bank defaulter list and with Cibil. If both of them are okay then they will  send an executive to get a personal loan agreement signed. Once the agreement is signed the personal loan is disbursed either by giving demand draft to customer or it is credited directly into customer account. Customer should remember Bank doesn't ask for  upfront processing fee for Personal loans, so if a bank employee or an agent ask for an upfront payment of fee, he is trying to dupe  the customer.

Customer should never accept such requests.Before signing the agreement the customer should read the document very carefully  and then only sign the personal loan agreement. So in today scenario Personal quote is available online but pure online personal  loan is not possible as there are many processes which are still to be done offline. In more developed countries like United States  where online verification can happen over social security number- small ticket size personal loans are available. With Smart card  being introduced in India soon some pure online loans will be possible.