Personal Loan Dhanbad

Best Banks for Personal Loan Dhanbad

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	0.12
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Personal Loan in Dhanbad Features

In this modern world, with increasing expenses and changing lifestyle, it is essential to cope up with the trend. So Personal Loan is a feature provided by banks & NBFCs to get the best loan option to manage all expenses easily, especially for the people in metro cities.

A personal loan is a loan that can be used in multiple ways that can be utilized for fulfilling many purposes. These purposes could be debt repayment, taxes, paying medical bills, and more. Personal finance is instant finance, which a person can avail within 2-3 working days with minimal documentation required. Also, you do not require any form of security to avail of personal loans to find Dhanbad.

Personal Loan in Dhanbad Interest Rates

Bank	Processing Fee	Prepayment Charges
HDFC Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan	0.50% to 1.50%	Nil
Private Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 9 months
SBI Personal Loan	500/- to 0.50%	Nil
Kotak Personal Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan	Nil	Nil
Muthoot Personal Loan	Nil	Nil
Manappauram Personal Loan	Nil	Nil
PNB Personal Loan	0.70% to 1%	Nil
Canara Bank Personal Loan	0.01	Nil
Andhra Bank Personal Loan	Nil	Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents Required for Personal Loan in Dhanbad

Documents required to avail a personal loan vary for salaried customers and self-employed ones. Following are the important documents for both kinds of customers:

Salaried Customers:

1. PAN Card
2. Residence Proof (Owned/Rented/Company provided)
3. Passport-sized photographs – 2
4. Identity proof (Aadhar card/driving license)
5. Salary slips of last three months
6. Bank statements for the last 6 months
7. In the case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

1. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar Card
4. Residence Proof
5. Two passport-sized photographs

Personal Loan in Dhanbad Eligibility Criteria

The Personal loan eligibility criteria vary for both Salaried and Self-Employed customers:

Salaried Applicants

1.  The minimum age of the applicant should be 21 years and maximum of up to 60 years.
2. If the borrower should have a salary of minimum Rs.18,000 per month
3. The borrower must have the work experience of the last three years, and the salary should come in their account only.
4. The person must have a good CIBIL score, i.e., at least 700+.
5. The documentation process for Personal Loan Dhanbad is straightforward; they have to submit their bank statement of the last three months and the salary slip of the previous six months.

Self-Employed Applicants

1. The self-employed person’s age should be minimum of 25 years.
2. The applicant should file ITR at least for the last three years.
3. The CIBIL of the applicant should be good, and no debt should be left due.
4. The ITR(Income tax return) in which the applicant files should be Rs 2.5 lakhs per annum at least.
5. And the applicant is a businessman than his business should be running from the last three years.
6. The age of the applicant should be 25 years.

How to apply for Personal Loan in Dhanbad?

Anybody can apply for Personal Loan Dhanbad online only in 2 minutes. The process of application is straightforward and quick.

1. Visit Dialabank.
2. After that, apply for a Personal Loan online.
3. Enter your contact number so that we can contact you back.
4. Dialabank is the best platform to apply for a personal loan as you will get a loan at affordable rates of interest.

Processing Fee / Prepayment Charges on Personal Loan in Dhanbad

Every Bank and NBFC charges two kinds of fees from its customers. The first is a fee for processing your Personal Loan application. These charges are 1% of the sanctioned loan amount.

The second being Pre-closure charges in-case you want to close your loan before your fixed tenure. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Dhanbad

The Personal loan EMI Calculator can be used to know your EMI value on your loan amount. Equated Monthly Installments also know as EMI are the monthly charges that you pay to the bank as monthly repayment for the loan amount borrowed.  Based on your profile, income, loan amount, and tenure the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank which is required to be paid every month.

CIBIL Score required for Personal Loan Dhanbad

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Dhanbad.

1. Most institutions require a minimum score of 750 to process your loan application.
2. Others might look into other factors like income and job stability to process the loan.
3. The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken.
4. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Personal Loan Dhanbad Agents/Broker

Dialabank helps you in comparing various banks and NBFCs so that you can avail of the best offers available according to your need. DialaBank is your best agent available for a personal loan in Dhanbad. Our relationship manager will ensure you get the best loan at the lowest possible interest rate with hassle-free documentation. The reason behind choosing DialaBank as your agent is:

1. We do not charge you for our services.
2. The loan gets disbursed within 24 hours of applying with us.
3. Our relationship manager guides and assists you through the entire process.

Personal Loan Dhanbad Contact Number

Call 9878981166 and get instant help and approval for Instant Personal Loan in Dhanbad.

Pre Calculated EMI Table for Personal Loan Dhanbad

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

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About Dhanbad

Dhanbad is a city in Jharkhand famous for coal mining. Tata Steel, BCCL, ECL, and IISCO (Indian Iron And Steel Company) are some of the companies having coal mines in the district. The Indian School of Mines is also located in Dhanbad. Dhanbad Rail Division is the second largest in terms of revenue generation after the Mumbai division.

FAQs About Personal Loan Dhanbad

✅ Who can apply for a Personal Loan in Dhanbad?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Dhanbad.

✅ What is the tenure of Personal Loan in Dhanbad?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly instalments within the agreed tenure of the loan.

✅ Are there any other charges involved in Personal Loan Dhanbad?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Dhanbad:

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally 1% of the loan amount.

Pre-closure Charges: Whenever you want to close a running loan before its agreed tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary depending on how many years has your loan completed before you decide to pre-close it.

✅ Can my application for Personal Loan Dhanbad get rejected due to my CIBIL score?

Since Personal Loan is an unsecured loan, one of the most important decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.