There are many personal requirements which cannot be fulfilled out of the limited income of a person. A Personal Loan is a loan that one can apply to meet various expenses of life. It is an unsecured loan and hence does not require any asset to pledge as security with the lender.

Why should one opt for a Personal Loan Hosur?

  1. No security required
  2. Attractive Interest Rates
  3. Multipurpose scheme
  4. Simple procedure
  5. Faster Loan Approvals
  6. No need of co-signer
  7. Quick and hassle free

Are you eligible for getting a Personal Loan from any financial institution? There are some Eligibility Criteria regulated by Banks to get a loan. You must be eligible if you want finance to meet your requirement. Check your Eligibility in 1 minute. Apply Online and get Dialabank for you.

Eligibility Criteria for Personal Loan Hosur

Not everyone can get a personal loan. There are some criteria on the basis of them the bank provide a personal loan to the applicants. Let us discuss them.

There are two categories of applicants.



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


  1. First of all the age of the applicant should be more than 21 years.
  2. After that he/she should be earning Rs. 18000 per month at least.
  3. After that, the applicant should have the work experience of 3 years at least.
  4. After that he/she should be getting the salary in his/her bank account.
  5. The credit history of the applicant should be good.


  1. If the applicant is self-employed than his/her age should be 25 years at least.
  2. He/she should be filing ITR for last three years at least.
  3. His/her CIBIL score should be good.
  4. The ITR should be of Rs. 2.5 Lakhs per annum at least.

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.

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 basic 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 involvement 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 easy. You can get the loan amount in your account without stepping out of your place.
  8. Avail the benefits of a personal loan by applying online. Get the best deal and lowest interest rates with quick approval. Call 60011600 or 9878981166.

Personal Loan Interest Rates:

Starting Personal Loan Interest Rate = 10.75% per Annum.


State Bank of India

Axis Bank


13.5 %

14 % - 24 %


Documentation for Personal Loan


Salaried Individual

Self Employed People

Last 2 month salary slips

Last 2 years Balance Sheet

Last 2 year Form 16

Last 2 Years ITR

Latest 6 months bank statement

Photocopy of Pan Card

Residence & Address Proof

2 passport size photographs


About Hosur

Hosur is a town in the Krishnagiri District of Tamilnadu. Hosur is the manufacturing hub of many big industries like TVS Motors, Ashok Leyland, Hindustan motors, etc. If you need a personal loan, here are some of the important things you need to know before applying for personal loans in Hosur.