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Personal Loan Vellore

A personal loan will help you in many ways as you expect. Maybe it's your wedding, event or any holiday plan, this loan gives you wide options to execute them. Before moving forward, you should know some basic details of a personal loan.

About Personal Loan Vellore

 The Loan amount depends upon the income and repayment capability of the person.

It is a multi-purpose offer that can be used for almost all financial problems of life.

No need to put any property or asset as Collateral to the lender.

No cosigner needed.

Eligibility Criteria for Personal Loan Vellore

Salaried:

Minimum age: 21 year

Maximum age: 60 years

Net monthly income: Rs. 18,000

Minimum Experience:6 months in the current job. * In case of Super A company minimum experience in current job required is 3 months.

Total experience required: 1 year

Self-employed:

Minimum age: 25 years.

Maximum age: 65 years.

Minimum annual turnover: Rs. 20 lakh

Experience in current business: 3 years

Total experience in business: 5 years

List of documents (salaried)

ID proofs- PAN card/Aadhar card/Passport/Driving License/Employee ID

Address proofs mention- Bank passbook/Ration card/any Utility bill (telephone, electricity, water, gas) of less than 2 months old/Letter from a recognized public authority verifying the customer’s residence/LIC policy or receipt.

Proof of ownership- Electricity or water bill/property papers/maintenance bill

Current job proof:

Current employment certificate or appointment letter(in case of more than 2 years)

List of documents

(Self-employment/business)

 Proof of business existence-Sales deed or agreement/Saral copy of 3 years old/tax registration proof/Company registration license

Proof of Income- Income tax returns of the last 2 years along with computation of income duly attested by a CA(chartered accountant)/audited balance sheet and Profit & Loss accounts/tax audit report if applicable/Bank statement: Latest 1 year bank statement (both savings and current)/Investment proof: fixed deposit, fixed assets, shares, etc.

The need for professional Degree Certificate (in the case of professionals)

If any existing loan in the past- Need to submit sanction letter, payment track record.

Interest Rates of Personal Loan in Vellore:

Mostly banks start at 10.75% and vary with companies

Some factors you should know which affect personal loan interest rates:

Flexible loan tenures:  The major benefit of flexible loan tenure is that we can change the interest rate according to our suitability.

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.

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.

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.

High salary: Individuals with higher income have 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:

ALoan without any security: Banks don’t ask for any security or collateral. So, there is no need for depositing a collateral or security.

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.

The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.

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.

Multipurpose: Personal loan can be used for various purposes i.e. paying bills, holidays, weddings, buying new land etc.

No Third party: It is a relationship between the borrower and the lender. The loan is directly given to the customer without an involvement of the third party.

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.

About Vellore:

Vellore is a city in the Indian state of Tamil Nadu, which lies on the banks of the Palar River and also famous for its historic fort built in the 13th century.  The district is well connected by Railways and bus routes to the larger towns of the neighboring states like Andhra Pradesh, Karnataka, and Kerala.

Why Dialabank is the best option to get a Personal Loan Vellore:

Lowest interest rates

Instant Approval in 2 hours

Easy Documentation and flexible loan tenure

Get a dedicated helpline for your loan enquires

How to apply:

Visit www.dialabank.com

Go to the loan section and select a personal loan link.

By clicking this link, you will be directed to all details of the personal loan where you can select your preferred city.

You can call this number to get more information: 9878981166

Other Leading Personal Loan Providers (Click to Apply)

Other Leading Personal Loan Providers in Vellore (Click to Apply)
Citibank Personal Loan PNB Personal Loan SBI Personal Loan Other Banks

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PERSONAL LOAN INTEREST RATES

 

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