Personal loan, Aug. 26 -- If you want to apply for a loan, it is important to follow certain steps to get the best deal. First, you need to make sure the bank (or lender) is credible and trustworthy. Then it is vital to note that the loan amount is within a comfortable range.

Aside from this, borrowers should make sure the processing fee is not exorbitant. Additionally, one should make sure there are no hidden charges in the loan. Let us take a look at these aspects in greater detail:

I. Credibility of lender: Regardless of temptation, the borrower should make sure the lender (which could be a bank, an NBFC or a fintech loan provider) is credible and trustworthy. Just because a lender is providing a quick loan (within 15 minutes), it do...