Major Personal Loan Providers in Madhepura
| 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 Madhepura Features
Are you running out of cash? You need not worry. A personal loan is very much possible for you. This loan is not just of an unsecured nature with the least necessary documentation and even lesser paperwork. This loan may take up to 48 hours to get approved following the process of confirmation.
Personal Loan Madhepura is a loan that gives business assistance to clients at affordable and cost-effective interest rates. To get a Personal Loan, the candidate must have a lively and robust income source and good credit records.
Moreover, there is no such end-use constraint on the use of the personal loan amount. You can use this loan sum in whatever way you wish to.
To apply for a personal loan, Madhepura clicks on Personal Loan.
Personal Loan Madhepura Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
Documents for Personal Loan Madhepura
Salaried Customers:
- ID verification (Aadhar card/driving license)
- Slips for wages for the past three months
- Statement of Bank for the last six months
- PAN Card
- Proof of Residency (Own/Rent/Company provided)
- Two Passport-size photo
*NOTE: In the case of rented quarters, a rent agreement is needed to be attached.
Self-Employed Customers:
- All financial reports are needed (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhar
- Proof of residency
- Two passport-sized photos
PERSONAL LOAN
Interest Rate 9.99%
Eligibility Criteria for Personal Loan Madhepura
Click hither to know deeper about personal loan eligibility.
Salaried Applicants
- The least age of the applicant should not be less than 21 years or more than 60 years.
- The candidate must have work experience of at least three years. The pay should have been transferred to their accounts only.
- The candidate should have an excellent credit history.
- The location of the applicant’s job should be asserted.
- The borrower must have the least income of INR 25,000 p.m.
Click here to understand more in-depth about a personal loan for Salaried Applicant.
Self-Employed Applicants
- The age of an independent form should be at least 25 years.
- The candidate applying for the personal loan should have been registering ITR for the past three years.
- If the candidate is a businessman, the business must be efficiently working for the last three years.
- The applicant’s credit record should be fair, and there must not be any money or dues pending.
- The yearly income of the candidate should be a minimum of Rs 2.5 lakh.
- The whole document verification method of the personal loan requires the candidates to submit their financial and bank accounts for the previous three months.
Click here to grasp more extra about the personal loan for– Self-employed Applicants.
Why Apply for Personal Loan Madhepura?
- There is no obligation to depositing any mortgage or collateral as a security to the bank.
- A personal loan is a multidimensional credit. Thus it can be put to use for all the problems related to money.
- The amount of personal loans is only based on the repayment capacity of the person.
- A Personal Loan does not need any contestant or guarantor.
How to apply for Personal Loan Madhepura?
- Tour this website: Dialabank.
- Then, navigate to the loan segment and go to the personal loan section.
- You will be directed to the detailed information of the personal loan where you can select your city.
- For further knowledge and free guidance, feel free to call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Madhepura
All Banks and NBFCs charge a specific fee for treating a Personal Loan application. The Personal Loan Madhepura processing fee is 1% of the loan amount.
If you wish to foreclose your loan before the chosen loan tenure, all lending institutions should charge you a sentence as a prepayment fee. Mostly, you are not permitted to close your loan before 12 months. After that, the prices differ based on how many years the loan has been finished. This charge varies from 4% of the outstanding loan amount in the 2nd year to 2% in the loan’s 4th year.
To understand the interest rate, click on the personal loan interest rate.
Personal Loan Madhepura EMI Calculator
Equated Monthly Installments or EMI is a monthly fixed charge that you must pay to the bank as monthly repayment for the loan amount, which is borrowed. Depending on your profile, the rate of interest on your loan is fixed. The EMI on your loan is determined based on the Interest Rate the bank credits you with and the loan amount you have to take, and the period for which you take the loan.
CIBIL Score required for Personal Loan Madhepura
All the lending companies have their criteria for a minimal CIBIL score to process a Personal Loan application in Madhepura. Mostly, the institutions require a minimum score of at least 750 to process an application further.
No company only looks at the overall score. They also study an elaborated view of the previous loans. The features include the type of loans and the amount of money that was borrowed. If there is any lag in the earlier loans’ payments, it may hinder the present loan’s approval.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Madhepura Agents
Dialabank is one of the principal agents for availing Personal Loan in Madhepura. You can connect online at Dialabank or give a bell at 9878981166
Dialabank helps you look for the best option of Banks and NBFCs by giving you access to an in-detail market comparable analysis of various banks to help you pick the right one. Visit our website Dialabank and fill out a straightforward form with the features of personal and employment data. Our customer relations managers will be in touch with you shortly.
Personal Loan Madhepura Contact Number
Call 9878981166 and get timely help and approval for a Personal Loan in Madhepura.
Pre Calculated EMI Table for Personal Loan Madhepura
Click here to know about for personal loan EMI calculator
About Madhepura
Madhepura is a municipality in the Madhepura district in the Indian state of Bihar.
FAQs About Personal Loan Madhepura
✅ Who can apply for a Personal Loan in Madhepura?
People who urgently need cash and have a regular income (from employment or business) can apply for a Personal Loan in Madhepura.
✅ What is the tenure of a Personal Loan in Madhepura?
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 that 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 installments within the agreed term of the loan.
✅ Are there any other charges involved in Personal Loan Madhepura?
Yes, there are two types of charges that one needs to pay to avail of a personal loan in Madhepura:
- Processing Fee: For every bank or lending institution you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The Personal Loan Madhepura processing fee is 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 directions. The pre-closure costs vary depending on how many years your loan is completed before deciding to pre-close it.
✅ Can my application for Personal Loan Madhepura get rejected due to my CIBIL score?
Since a Personal Loan is an unsecured loan, one of the most important decision criteria for getting your 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.
