Best Banks for Personal Loan in Kolhapur
1% - 2.5% of the Loan Amt
Personal Loan in Kolhapur Features
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Personal Loan Details
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| Interest Rate |
10.75% to 24% p.a.
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| Processing Fees | 0.5-2.5% |
| Loan Tenure |
1 year to 5 years
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| Pre-closure Charges | 2% - 5% |
| Guarantor Requirement |
No guarantor required
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Are you running short out of cash? Do not worry Personal Loan Kolhapur is available for you. This loan is unsecured in nature with minimal documentation and less paperwork. This loan will get approved within 48 hours after the completion of the verification process.
Personal Loan Kolhapur is an unsecured loan that provides financial assistance to the customers at affordable interest rates. To avail a Personal Loan, the applicant must have a rigid and good source of income and has a good credit history.
Besides, there is no end-use restriction on the use of the personal loan amount. You can use this loan amount anywhere you wish to do.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Kolhapur Interest Rates- Apr 16 2024
| Name of the Bank | Interest Rate Range | Processing Fee Range | Loan Amount | Tenure |
| Private Bank | 11.59% - 18.49% (Fixed) | 2.25% (min. Rs.1149) One time fee | Rs.20 lakh (Max) | 1-5 Years |
| CitiBank | 10.99% - 15.99% (Fixed) | 1% to 2.5% | Rs.30 lakh (Max) | 1-5 Years |
| Kotak Mahindra Bank | 10.99% to 24% p.a. | Up to 2.5% of the loan amount along with GST or service tax | Rs.50,000 to Rs.15 lakh | 1 to 5 Years |
| Fullerton India | 11.99% to 23.99 p.a. | Information not provided. | Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals | 1 to 4 Years |
| Bank of Baroda | 11.35% - 14.35%Fixed | Rs.1,000 to Rs.10,000 (One time fee) | Rs.20,000 - Rs.2 lakh | 4 Years (Max) |
| State Bank of India | 12.90% - 14.90% (Fixed) | 1% (One time fee) | Rs.24,000 - 15 lakh | 5 Years |
| Aditya Birla | 11.5% - 13.25% (Fixed) | Nil | Rs.30 lakh (Max) | 1-5 Years |
| Allahabad Bank | Information not provided | 1.06% of loan amount | Information not provided. | 1 to 5 Years |
| Yes Bank | 14% p.a. | Up to 2% (One-time fee) | Rs.2 lakh to Rs.20 lakh | 1 to 5 Years |
| Corporation Bank | 12.75% to 13.75% p.a. | Up to 1.5% Minimum amount of Rs.500 | Up to Rs.3.50 lakh | Up to 5 Years |
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Kolhapur Fees & Charges – Apr 16 2024
| Bank | Processing Fee |
Prepayment Charges
|
| HDFC Bank Personal Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 3 months
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| 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
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| 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.
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| 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 Kolhapur
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
| Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
| Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
| Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
| Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
| Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
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| Existing Loans (if any) |
Payment Track Record & Sanction letter
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| Photograph |
One coloured passport size photograph
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List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
| Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
| Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
| Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
| Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
| Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
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| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
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| Existing Loans (in case any) |
Payment Track Record and sanction letter
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| Professional Degree Certificate |
In case of professionals
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| Photograph |
One coloured passport size photograph
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List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
| Identity Proof | Copy of the passport Copy of the visa |
| Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
| Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
| Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
| Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
| Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
| Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
| Photographs |
Passport size photographs
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Know More About: Personal Loan Eligibility Criteria
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Kolhapur Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed for availing a personal loan in Kolhapur are different:
| Particulars | Salaried | Self-Employed |
| Age | 21 - 60 years | 21 - 65 years |
| Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
| Co-applicant | Not mandatory | Not mandatory |
| Loan Tenure | 12 – 60 months | 12 – 60 months |
| Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
| Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
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| Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
| CIBIL Score | 750 and above | 750 and above |
| Residential Status |
Resident Indian staying in own house or a rented house
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*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
| Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
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| SBI | Up to 76 years | NA** | Rs.15,000 |
| HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
| Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
| Axis | 21 to 60 years | NA** | Rs.15,000 |
| Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
| Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
| IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
| Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
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| India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
| HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
| Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
| IDFC First Bank | 23 to 68 years | 3 years | NA* |
| Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
| Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
| Andhra Bank | 21 - 55 years | NA** | NA* |
| Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
| IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
| Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
| RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
| Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
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| Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
| Karnataka Bank | NA** | 3 years | NA* |
| United Bank of India | up to 75 Years | 2 years | NA* |
| UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants
- The individual’s minimum age requirements should be 21 years and a maximum of up to 60 years.
- The applicants must have the work experience of the three years. And the salary should come into their accounts only.
- The applicants must have a good credit history.
- The job location of the candidate should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month.
Click here to know more about- Salaried Applicant
Self-Employed Applicants
- The minimum age requirement for an individual should be 25 years.
- The applicants applying for the personal loan must show the ITR files for the last three years.
- If the applicants are the businessman, then the business should be functioning from the past three years.
- The credit score of the applicants should be good. There should not be any debt or dues behind.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan is the applicants have to submit his financial and bank statements of the previous three months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan in Kolhapur?
- There is no requirement to deposit any mortgage and collateral security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the financial problems.
- The amount of personal loan depends upon individual income and capacity.
- A Personal Loan does not require any nominee.
How to apply for Personal Loan in Kolhapur?
- Visit Dialabank.
- Visit the loan section and click on the personal loan link.
- The candidate will be directed to all details of the personal loan to pick the preferred city.
- For more information and free assistance, call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fees/ Prepayment Charges on Personal Loan in Kolhapur
Every Bank and NBFC charges a processing fee for your Personal Loan Kolhapur application. Charges are 1% of the loan amount for the processing of Personal Loan Kolhapur.
In case you want to foreclose your loan before the agreed loan tenure, every lending foundation charges you a penal prepayment fee. In most cases, you can’t close your loan before 12 months. After that, the charges vary depending on how many years the loan has done. These charges differ from 4% in the 2nd year to 2% in the 4th year of the outstanding loan amount.
Personal Loan EMI Calculator Kolhapur
Equated Monthly Installments(EMI) is the monthly fixed payments that you pay to the bank for the loan amount borrowed. Based on your profile, the interest rate on your loan is altered. Your EMI is the calculated using personal loan EMI calculator basis on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period you enjoy the loan.
CIBIL Score required for Personal Loan Kolhapur
Every lending institution has its own criteria for the minimum CIBIL score requirement for processing a Personal Loan Kolhapur application. Most institutions need a minimum score of 750 to process a Personal Loan Kolhapur application.
The institutions don’t just look at the comprehensive score and the detailed behaviour observed on the previous loans taken. This incorporates details on the type of loan taken and the amount borrowed. Any late payments for previous loans can act as an obstacle to your availing a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Kolhapur Agents/Broker
Dialabank is the leading agent for availing Personal Loan in Kolhapur. Apply online at www.dialabank.com or dial 9878981166.
Dialabank helps you find out the best option of Banks and NBFCs by offering you with a detailed market comparison of different banks to make the right choice. Visit our website www.dialabank.com and fill a simple form by filling your personal and employment details. Our customer relationship managers will soon get in touch with you.
Personal Loan Kolhapur Contact Number
Call 9878981166 and get instant help and approval for Personal Loan in Kolhapur.
Pre Calculated EMI Table for Personal Loan Kolhapur
About Kolhapur
Kolhapur is a city in the Indian state of Maharashtra. It is the headquarters of Kolhapur district. Earlier to Indian Independence, Kolhapur was a nineteen gun salute, princely state called Kolhapur State, and was controlled by the Bhosale Chhatrapati (Bhosale royal clan) of the Maratha Empire.
PERSONAL LOAN
Interest Rate 9.99%
FAQs About Personal Loan Kolhapur
✅ Who can apply for a Personal Loan in Kolhapur?
People who urgently need cash and have a regular income source (from employment or business) can apply for a Personal Loan in Kolhapur.
✅ What is the tenure of Personal Loan in Kolhapur?
Most of the Banks and NBFCs provide a Personal Loan for a minimum duration of 1 Yr and a maximum duration of 5 Years. There are some Banks which expand the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The loan amount repayment has to be done in equal monthly installments within the loan’s agreed tenure.
✅ Are there any other charges involved in Personal Loan Kolhapur?
Yes, 2 types of charges that one needs to pay to avail a personal loan in Kolhapur:
Processing Fee: For every bank or lending institution that you borrow a loan from, there is a small fee that they charge from the consumer. This is called as Processing Fee. The amount of processing fee differs for each lending institution and is normally 1% of the loan amount.
Pre-closure Charges: Whenever you wish to close a running loan before its agreed tenure period, the Banks and NBFCs charge a supplementary amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges alter on how many years has your loan completed before you decide to pre-close it.
✅ Can my application for Personal Loan Kolhapur get rejected due to my CIBIL score?
Since Personal Loan is a less secured loan, one of the most important criteria for getting your Personal Loan application approved is the CIBIL Score. Having a High CIBIL score becomes important if you want to avail of a Personal Loan in the future. Make sure you don’t skip any of your EMI payments or any credit card payments to decrease your CIBIL score. Most of the Personal Loan rejections happen because of a low CIBIL Score.
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