An Easy Way To Get Money In Installments From Each Bank In 2025

How to get money from banks?

In 2025, getting money in installments from banks has become more streamlined, with digital processes making it quicker and easier. Here’s a simple guide to accessing installment loans from major banks:

Installments From Each Bank In 2025:

1. Check Eligibility & Compare Offers

Credit Score: Most banks require a good credit score (650+) for unsecured loans. 

Income Proof: Salaried individuals need salary slips/bank statements, while self-employed applicants need ITR/GST records. 

Pre-approved Offers: Check your net banking/app for pre-approved loans (lower interest rates). 

2. Top Banks Offering Easy Installment Loans (2025)

Bank Loan Type Interest Rate (p.a.) Max Tenure: How to Apply

HDFC Bank Personal Loan 10.5% - 18% 5 years Online (NetBanking/App)

ICICI Bank Insta Personal Loan 10.75% - 17.5% 5 years Pre-approved via iMobile App

SBI Xpress Credit Loan 9.8% - 14% (lowest rates) 5 years YONO App / Online

Axis Bank Quick Personal Loan 11% - 19% 5 years Online (Pre-approved offers)

Kotak Mahindra 811 Digital Loan 10.99% - 16% 4 years Kotak Mobile App

IDFC First Personal Loan 10.5% - 16% 5 years Online (Fast approval)

3. Fastest Ways to Apply (2025)

Pre-approved Loans: Check your bank’s app (HDFC, ICICI, SBI, Axis). 

Instant Approval: IDFC, Kotak, and IndusInd offer paperless loans via app. 

Cibil Soft Check: Some banks (like SBI) approve without a hard inquiry. 

4. Tips to Increase Approval Chances

✅ Improve CIBIL Score (Pay dues on time, keep credit utilization <30%). 

✅ Apply with your Salary Account Bank (Higher approval odds). 

5. Watch Out For

⚠️ Late Payment Penalties (2-3% per month). 

⚠️ Fake Loan Apps – Only use official bank channels. 

Final Advice

Smaller loans (<5L) get faster approval. 

Longer tenure = Lower EMI but higher interest.

How to get money from banks:

Getting money from banks can be done in several ways, depending on your needs and financial situation. Here are the most common methods:

Bank Teller Withdrawal: Visit a bank branch and request cash from your account (may require ID).

1. Writing a Check

Write a check to yourself or someone else, which can be cashed or deposited.

2. Electronic Transfers

Online Banking: Transfer money from your bank account to another account (e.g., PayPal, Venmo, or another bank).

Wire Transfer: Send money electronically (may involve fees).

ACH Transfer: Move money between accounts via Automated Clearing House (slower but often free).

3. Using a Debit Card

Make purchases directly from your account via point-of-sale (POS) transactions.

Get cash back at stores when making a purchase.

4. Taking Out a Loan

Personal Loan: Borrow money from the bank and repay it with interest.

Line of Credit: Access funds up to a pre-approved limit.

Mortgage/Car Loan: Secured loans for specific purchases.

5. Cashing a Check

Deposit a check (payroll, government, or personal) into your account and withdraw the funds.

6. Overdraft Protection

Some banks allow short-term withdrawals exceeding your balance (fees apply).

7. Credit Card Cash Advance

Withdraw cash using a credit card (high fees and interest rates apply).

8. Foreign Exchange (For Travel)

Exchange currency at a bank branch or withdraw foreign cash via an ATM abroad.

9. Government or Bank Assistance Programs

Access grants, relief funds, or low-interest loans in certain situations (e.g., disaster relief, small business loans).

Important Considerations:

Fees: ATMs (especially out-of-network), wire transfers, and cash advances often have fees.

Interest Rates: Loans and credit card advances accrue interest.