In this modern world needs are rising high so the expenses are also rising at a fast rate. It is very difficult for a person to cope up with this unstable climate. A personal loan is the best loan option to handle all expenses easily especially for the people in a metro city like New Delhi.

A personal loan is an unsecured debt which can be availed without pledging any valuable property to the lender. A personal loan is a multipurpose loan that can be utilized for fulfilling many purposes. These purposes could be debt consolidation, paying medical bills, taxes and many more. Personal finance is instant finance which a person can avail within 48-72 hours with minimal documentation required.

Why should one choose Personal Loan Ahmednagar?

  1. There is no need to pledge any valuable commodity as collateral to borrow money.
  2. It does not involve the risk of losing the precious assets in case of non-repayment of a loan.
  3. It requires minimal documentation as compared to the other Loan schemes in the market.
  4. The applicant is free to spend the loan amount for any purpose.

Personal Loan Ahmednagar Eligibility

Not everyone can get a personal loan. There are some criteria according to which the bank provides a personal loan to the applicants. Let us discuss them. There are two categories of applicants.

  1. Salaried
  2. Self-employed

There are different criteria for both categories. Let us see both of them one by one.

Salaried Applicant

  1. The minimum age of the applicant should be 21 years and maximum up to 60 years.
  2. If the borrower is residing in a metropolitan city, then they should have a minimum income of Rs 18,000. And if the person is from a non-metropolitan city, then they should have a minimum salary of Rs 12,000.
  3. The applicant should have the work experience of the last three years, and the salary should come in their account only.
  4. If a person is applying for the personal loan, then he must have a good credit history, and the CIBIL score should be more than 700.
  5. The documentation process is easy; they have to submit their bank statement of the last three months and the salary slip of the last six months.

Self-Employed Applicant

  1. The minimum age of the applicant should be 25 years and maximum up to 65 years.
  2. The applicant should file ITR for the last three years.
  3. The credit score of the applicant should be good, and no debt should be left due.
  4. The ITR which the applicant files should be of Rs 2.5 lakhs per annum at least.
  5. If the applicant has a business than his business should be running from the last three years

Personal Loan Ahmednagar Documents

  1. Identity proof: (Passport/Id card/voter card/driving license/Aadhar Card) It can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
  2. Residence proof : (Passport/Id card/voter card/driving license/Ration Card/Aadhar Card).  And if the applicant is living in a rented apartment, then they have to submit their rental agreement, electricity bill which has to be in the name of the applicant and the address of the owner.
  3. The applicant has to submit their PAN card which is an essential document under the KYC formality.
  4. If the applicant is a salaried one, then they have to submit their salary slip of the last three months and the bank statements of the last six months.
  5. And if the applicant is a self-employed then they have to submit the ITR of the last three years and registration of their business should be done.
  6. Two passport size colored photos. (Applicant should not be wearing glasses)

Salaried

Self-Employed

Salary slips of last 3 months & bank statements of the last 6 months

 ITR of 2.5 lac minimum for last 3 years

 Identity Proof: Aadhaar Card/Pan Card/Voter Id/ Driving License/ Passport

 Address Proof: Aadhaar Card/Pan Card/Voter Id /Passport/Driver License and if the person is living in a rented apartment then rental agreement, electricity & water bill and    owner’s address

 Two colored photographs

PAN Card

credit score above 650

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal Loan Ahmedanagar Interest Rates

 Personal Loan usually comes with an affordable interest rate.  The starting interest rate of the Personal Loan is 10.75% per year; however, this rate keeps on changing time to time. Also, the interest rate varies from person to person. It depends on your monthly salary or income. 

CREDIT SCORE CHART

Score

Grading

APRs

720 and Above 

Excellent 

10.03% - 12.05%

680 to 719

Good

13.05% - 15.05%

620 to 679

Average

17.08% - 19.09%

580 to 619

Poor

19.9% - 21.09 %

500 to 579

Bad

21.09%- 24.07%

Less than 500

Miserable

28.05% - 32.00%

 

 

 

 

 

Personal Loan Ahmednagar Tenure

The tenure of the personal loan is one year to 5 years.

Personal Loan Ahmednagar Benefits

A personal loan can be taken for different needs. If you need finance, you can borrow from financial institutions. There are different rules and criteria to get a personal loan. One must check its eligibility for getting loan amount. Personal loans are multipurpose finance options. There are various benefits of taking a personal loan online. You can avail a good deal by comparing offers and finalizing the best one as per your needs. Here are some benefits of personal loan:

  1. A Loan without any collateral or security: A Personal Loan is not a secured loan. Banks don’t ask for any security or collateral. So, there is no need of pledging collateral or security. It is purely given as per the customers' income.
  2. Simple Documentation: Personal Loans are simple and easy. You can get it with minimum documentation with a quick process. Banks need some essential documents of a borrower like identity proof, address proof, income proof, etc.
  3. Loan Amount: The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.
  4. Quick Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, banks will do the verification of the given details and the loan will get disbursed within 24 hours of verification.
  5. Multipurpose finance: Personal loan can be used for various purposes, i.e., in paying old bills, home improvements, wedding shopping, financing trips and many more.
  6. No Third party involvement: The loan is directly given to the borrower without the participation of the third party. It is a relationship between the borrower and the lender.
  7. Hassle free: Getting a personal loan is now a hassle-free process. Online loan portals have made it more convenient and comfortable. You can get the loan amount in your account without stepping out of your place.

How to Apply?

Anybody can apply for Personal Loan online in 2 minutes. The process of application is very easy and quick. First of all, you should check your eligibility.

  1. Visit www.dialabank.com.
  2. After that, apply for a Personal Loan online.
  3. Enter your contact number so that we can contact you back.

Dialabank is the best platform to apply for a personal loan as you will get a loan at affordable rates of interest.

About Ahmednagar:

Ahmednagar is a city in the Maharashtra state of India. It is located on the banks of the Sina river. Ahmad Nizam Shah founded this city in 1494. Around 19 sugar factories are located here and the birthplace of the cooperative movement. Usually, it suffers from drought due to scarce rainfall. Marathi is the primary language of this place.

Other Leading Personal Loan Providers (Click to Apply)

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Personal Loan from Other Banks


REMINDER SERVICES EMI CALCULATOR

PERSONAL LOAN INTEREST RATES

Reminder Services EMI Calculator Personal Loan Interest Rates

 

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.