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You can take a loan from any Bank or any financial institutions, for various purposes. ex:. for purchasing a site, or construction of a building owning a site, for purchase of any household articles, or Cars /two wheelers, etc. You can also take a personal loan, upto rs.10,000 without giving any reasons. You have to produce proof of your residence, ration card, or driving license, etc. Some banks may insist on a colateral , otherwise a bond like an agreement is just sufficient to get a loan.

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Q: What is the procedure of taking loan in India?
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