The need for Personal Loan Rajkot

Each person has desires and aspirations that remain unfulfilled due to limited income. A Personal Loan is a type of loan that can be used to meet all requirements without providing security. The loan does not require any asset to pledge as security with the lender. It is also known as the most unsecured type of loan as a bank doesn’t require any for collateral.

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About Personal Loan Rajkot

  1. The Loan amount depends upon the income and repayment capability of the person.
  2. It is a multi-purpose offer that can be used for almost all financial problems of life.
  3. No need to put any property or asset as Collateral to the lender.
  4. No cosigner needed.

Personal Loan Rajkot Interest Rates

Bank Name Interest Rates Processing Fees Tenure(in years)
HDFC 11.49% - 17.25% Upto 2.5% 1 - 5
AXIS 15.50% - 24% 1.5% to 2% 1 - 5
ICICI 11.43% - onwards 2.5% 1 - 5
BAJAJ 13.99% - 16% 2% - 3% 1 - 5
FULLERTON 17.25% 1.5% - 6% 1 - 4


  1. The Loan amount depends upon the income and repayment capability of the person.
  2. It is a multi-purpose offer that can be used for almost all financial problems of life.
  3. No need to put any property or asset as Collateral to the lender.
  4. No cosigner needed.


Eligibility Criteria for Personal Loan Rajkot


  1. Minimum age: 21 year
  2. Maximum age: 60 years
  3. Net monthly income: Rs. 15,000
  4. Minimum Experience:1 year in the current job.
  5.  In the case of Super A company minimum experience in current job required is 3 months.
  6. Total experience required: 1 year


  1. Minimum age: 25 years.
  2. Maximum age: 65 years.
  3. Minimum annual turnover: Rs. 20 lakh
  4. Experience in current business: 3 years
  5. Total experience in business: 5 years

Some factors you should know which affect personal loan interest rates

  1. Flexible loan tenures:  The major benefit of flexible loan tenure is that we can change the interest rate according to our suitability.
  2. CIBIL score: There are chances that loan seekers may get a 0.25% reduction in interest rates if their CIBIL score is more than 800.
  3. Reputed firms: if the borrowers work at reputed firms then there are chances that they may obtain a lower interest rate. The reason behind this is that lending institutions perceive such individuals to have a stable career thus making them more likely to make repayments on time.
  4. A good relationship with a bank:  It affects very much to interest rates. Banks provide lower interest rates to loyal customers with whom they have a good relationship.
  5. High salary: Individuals with higher income have the most likely chances of repaying the loan. A stable income makes more chances of sanctioning of the loan. Bankers usually reject loan applicants of those persons who do not have a consistent flow of income.

Benefits of a Personal Loan Rajkot

  1. ALoan without any security: Banks don’t ask for any security or collateral. So, there is no need for depositing collateral or security.
  2. Simple Documentation: You can get it with minimum documentation with a quick process. Banks need some basic documents of a customer like identity proof, address proof, income proof etc.
  3. The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.
  4. Fast Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, the loan will get disbursed within 24 hours of verification.
  5. Multipurpose: Personal loan can be used for various purposes i.e. paying bills, holidays, weddings, buying new land etc.
  6. No Third party: It is a relationship between the borrower and the lender. The loan is directly given to the customer without the involvement of the third party.
  7. Most convenient: Online loan portals have made it more hassle-free and easy. You can get the loan amount in your account without stepping out of your home.


Salaried Self Employed
Last 3 month salary slips Last 2 years ITR
Latest 6 month bank statements of salaried account Latest 6 month bank statements of current account
Photocopy of Pan Card
Residence & Address Proof
2 passport size photographs


Benefits of getting the loan through Dialabank

  1. Lowest interest rates.
  2. Instant Approval in 2 hrs.
  3. Easy Documentation and flexible loan tenure.
  4. Get a dedicated helpline for your loan enquires.

About Rajkot

Rajkot is the 4th biggest city in Gujarat. This city is located on the banks of the Aji and Nyari river. It is the 22nd fastest growing city in the world. Rajkot was the capital of the Saurashtra State from 15 April 1948 to 31 October 1956, before its merger to Bombay State on 1 November 1956.

Other Leading Personal Loan Providers in Rajkot

  1. HDFC Personal Loan
  2. Axis Bank Personal Loan
  3. PNB Personal Loan
  4. ICICI Bank Personal Loan
  5. Fullerton India Personal Loan
  6. Personal Loan from Other Banks


Personal Loan EMI Calculator SIP Calculator
EMI Calculator SIP Calculator



Personal Loan

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