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:
- 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.
- 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.
- Loan Amount: The loan can provide the customer with an amount of Rs 50000/- to Rs 20 Lacs.
- 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.
- Multi-Purpose Finances: The personal loans can be used for many uses such as marriages, house renovations and many more.
- No third party involvement: The banks directly give this amount to the customers, that means no middleman.
- 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 |
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 |
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 |
Same as Metro |
Same as metro |
Same as Metro |
|
Telephone / Mobile |
Mandatory |
Mandatory |
Mandatory |
Mandatory |
|
Business Stability |
Business Should be running |
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 |
|
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 |
||||
|
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% |
|
13.99% - 16.75% |
13.99% - 16.75% |
13.99% - 16.75% |
N.A. |
2.00% - 3.00% |
|
|
16.00% to 18.00% |
18.00% to 20.00% |
18.50% to 22.00% |
Special Offers |
2.00% |
|
|
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. |
|
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% |
|
|
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% |
|
15.75% to 18.75% |
15.75% to 18.75% |
15.75% to 18.75% |
N.A. |
2.00% - 3.00% |
|
|
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% |
|
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:
- 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.
- 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.
- Negotiate with the lender: The banks also negotiate the bank charges if the customer is a pre-customer of the same bank.
- Co-borrower: Is your credit rating is low? Then don’t worry the co-borrower can avail the loans. The criteria are as follows:
- For self-employed the least age is 25 Years.
- Latest 3 years ITR.
- A good CIBIL Score.
- 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 |
