Personal Loan Raipur

The loan granted by the banks for the personal use of an individual is called the Personal Loan.

These loans are for multipurpose.

The application of the loans can be done online which provide the applicants a chance to compare all the loans provided by the banks and also choose one according to their choice.

Benefits and Features:

  1. Without any securities: These loans are the loans where no security is needed to avail the loan amount to the customer. The income of the applicant is taken into the account for its approval.
  2. Simple Documentation: The banks have made the documentation more and more simple day by day. The banks are now granting these loans on the least documentation.
  3. Loan Amount:  The loan can provide the customer with an amount of Rs 50000/- to Rs 20 Lacs.
  4. Quick Loan Approval: Do you need these loans at an instant? The loans are now granted by the banks in just 48 hours. As soon as the banks have verified the documents, they will approve the grant.
  5. Multi-Purpose Finances: The personal loans can be used for many uses such as marriages, house renovations and many more.
  6. No third party involvement: The banks directly give this amount to the customers, that means no middleman.
  7. Hassle free: The online application has made the loans hassle proof. The customers can now check the different banks and their charges at once.

Eligibility

The loan approval is dependent on the eligibility of the applicant. The applicant must fulfill the criteria given by the banks.

The categories of the applicants are Salaried and Self-employed.

The criteria of both are listed below in the tables.

Salaried People

Parameters

Metro

Tier-2

Tier-3

Tier-4

CitizenShip

Indian

Same as Metro

Same as Metro

Same as Metro

Minimum Age

21 Yrs

Same as Metro

Same as Metro

Same as Metro

Maximum Age

58 / 60 Years at
Loan Maturity

Same as Metro

Same as Metro

Same as Metro

Salary

18,000

12,000

10,000

10,000

Experience

Overall 3 years

Same as Metro

Same as Metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Current Experience

One year

One Year

One Year

One Year

Salary in Cash

Not Applicable

Same as metro

Same as Metro

Same as metro

 

Self Employed People

Parameters

Metro

Tier-2

Tier-3

Tier-3

Citizenship

Indian

Same as Metro

Same as metro

Same as Metro

Minimum Age

25 /28 Yrs

Same as Metro

Same as metro

Same as Metro

Maximum Age

65 Year at the
Loan Maturity

Same as Metro

Same as metro

Same as Metro

ITR required

2.5 lakhs - 3.0 Lakh

Same as Metro

Same as metro

Same as Metro

Residence

Office or Home
should be Owned

Same as Metro

Same as metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Business Stability

Business Should be running
from last 3 years

Same as Metro

Same As metro

Same as Metro

Documentation

The basic needed documents are

Identity Proof

The identity of a customer is important to know who the person is, which can be proven by Aadhar Card, PAN Card, voter ID, Driving Licence, Passport or any KYC.

Residence Proof

Where does the customer live is also an important question to know. Therefore, the last 6 months electricity bills, water bills are driving license, voter ID or the rent agreement is needed to prove that.

Income Proof

The salary slip for the last 6 months for employed and last 3 years ITR is required for the customer who is self-employed.

The rate of Interest:

The rate of interest at which the different banks lend the loans are listed below:

Banks

CAT A Company

CAT B Company

CAT C & CAT D Company

Pre-Payment Charges

Processing Fees

HDFC Bank

13.00%- Salary Rs. 70000 or above

14.00%- Salary Rs. 70000 or above

16% and above

1.00 % to 4.00 %

2.00% to 2.5%

13.25%- Salary Between 50000 to & 70000

14.25%- Salary Between 50000 to & 70000

14.00%- Salary Between 30000 to & 50000

14.50% - Salary Between 30000 to & 50000

14.00%- Salary Below 30000

14.75%- Salary Below 30000

ICICI Bank

13.00% to 14.00%

13.50% to 15.00%

14.00% to 15.00%

2.00% to 5.00%

2.00%

Fullerton India

17.25% to 22.00%

17.25% to 25.00%

18.00% to 32.00%

NA

2.00%

Bajaj Finserv

13.99% - 16.75%

13.99% - 16.75%

13.99% - 16.75%

N.A.

2.00% - 3.00%

Axis Bank

16.00% to 18.00%

18.00% to 20.00%

18.50% to 22.00%

Special Offers

2.00%

Citibank

16.00%- Salary Upto 30000

17.00%- Salary Upto 30000

17.00%- Salary Upto 30000

3.00%

1.00% to 2.00%

15.00%- Salary above 30000

16.00%- Salary above 30000

16.00%- Salary above 30000

N.A.

N.A.

Standard Chartered Bank

16.00% to 17.00%

17.25% to 18.50%

18.25% to 19.00%

N.A.

N.A.

United Bank Of India

16.00% to 18.00%

16.00% to 18.00%

16.00% to 18.00%

N.A.

N.A.

State Bank of India and Group

16.75% to 21.00% with Guarantor 

16.75% to 21.00 % with Guarantor 

16.75% to 21.00% with Guarantor 

4.00%

2.00% to 3.00%

Kotak Bank

18.00% to 19.00%

18.00% to 19.00%

18.00% to 19.00%

4.00%

2.00%

Corporation Bank

14.50% to 17.00%

14.50% to 17.00%

14.50% to 17.00%

N.A.

1.5% to 5.00%

Andhra Bank

15.75% to 18.75%

15.75% to 18.75%

15.75% to 18.75%

N.A.

2.00% - 3.00%

Bank of Baroda

15.00% to 17.00%

15.00% to 17.00%

15.00% to 17.00%

N.A.

2.00%

ING Vysya

15.00%- Salary Rs. 70000 or above

15.50% to 16.50% Salary Rs. 70000 or above

16.5% to 18.00% Salary Rs. 70000 or above

4.00%

2.00%

Vijaya Bank

16.00% to 18.00%

16.00% to 18.00%

16.00% to 18.00%

N.A.

N.A.

 

Following are the features of lowest interest rates:

  1. Company Profile: The company at which the customer works can influence the rate of interest on these loans. The companies which are categorized by the banks are more trustworthy than those who are don’t.
  2. Online Comparison: The personal loans availed by the different banks can be compared online. The other services such as EMI calculator, Credit scores, and many other things can be confirmed online.
  3. Negotiate with the lender: The banks also negotiate the bank charges if the customer is a pre-customer of the same bank.
  4. Co-borrower: Is your credit rating is low? Then don’t worry the co-borrower can avail the loans. The criteria are as follows:
  5. For self-employed the least age is 25 Years.
  6. Latest 3 years ITR.
  7. A good CIBIL Score.
  8. ITR should be of Rs 2.5Lacs per annum at least.

 How to Apply:

Apply online on www.dialabank.com

Check the eligibility

Call the helpline number 600-11-600

Visit the bank

Submit all the documents

Get the loan

Why one should choose Personal Loan in Raipur?

There is no need to pledge any valuable commodity as collateral to borrow money.

The Loan is solely based upon the candidate’s income and repayment capability.

It requires minimal documentation as compared to the other loan schemes in the market.

It is a multipurpose loan that can be used for any purpose according to the requirement.

About Raipur:

Raipur is a city in Chhattisgarh, India. It was previously a part of Madhya Pradesh before Chhattisgarh was formed. It also serves as the administrative headquarters of Raipur District.

Sub-Areas of Raipur

The banks and NBFCs are more active in providing the personal loan in Raipur at the following areas

AMAPARA GOKUL NAGAR
RAMKUND MUKAT NAGAR
PURANI BASTI EKTA NAGAR
SUNDER NAGAR INDRAVATI COLONY
KANCHANGANGA COLONY INDRAPRATH

                                                    Personal loan