Personal Loan Rewari

The economic help given by the banks and NBFCs to an individual in the form of loans is known as personal loans.

The loans are only for personal uses, that means it can’t be used for business or commercial purposes.

These loans are mostly unsecured. That means people don’t have to give any security or collateral.

These loans totally depend on the monthly income of the individual.

Features and Benefits of Personal Loan:

  1. No Securities Required: The loans are unsecured and do not require any security to make the approvals.
  2. No Extra Documentations: The loan approvals under this category are done on the basis of the minimal documentation.
  3. Amount of loans: The cost of Rs 50,000 to Rs 20 Lacs can be covered in these loans. The amount which can a bank or NBFC can approve is depended on the customer’s monthly income or annual income.
  4. Instant Approvals: The approval of the loans can be done by the bank in just 48 hours. The banks only wait until the verification of your customer’s documents.
  5. Multi-Purpose: These loans can be granted for any of the personal purposes.

Eligibility

The applicant must fulfill the following criteria for personal loans in the city of Rewari.

The criteria are different for employed and self-employed.

The criteria for them are listed below.

EMPLOYED APPLICANT

Parameters

Status

Nationality

Indian

Age Limit

21 Yrs – 60 Yrs

Monthly Income

Rs. 18,000/-

Total Experience

Overall 3 years

Current Employment

One year

Others

Must have a salary account

 

SELF-EMPLOYED APPLICANTS

Requirements

Status

Nationality

Indian

Age Limit

25 /28 Yrs to 65 years( at the time of Maturity)

ITR

2.5 lakhs - 3.0 Lakh

Residence

Office or Home
should be Owned

Business Age

Business Should be running
from last 3 years

 

The rate of Interest:

  1. The interest rate of 10.75% is the minimum known rate of interest in the market. But, it is dependent on the applicant’s profile, place, and bank.
  2. The processing fee is also a charge of these loans which can be in between of 0.2% to 1.00%.

The interest rates can vary by the following factors.

  1. Company Profile: The companies are the major customers of the banks and NBFCs. Therefore, they have been known and categorized them. If a company’s profile is good then its employees can get the benefit of it by having the lower interest rates or processing fees.
  2. Online Comparison: The customers can take advantage of the loan details available on the internet. The information of all the bank and NBFCs can be access and compared, which will provide the complete information about the least interest rates among the banks and NBFCs.
  3. Negotiation: The customers who are a bank’s old customer and have taken the loans previously can avail this advantage. The banks can waive the interest rates or the processing fee for these customers.
  4. Co-Borrower: The co-borrower can be introduced for the loan approvals are the borrower is not able to fulfill the eligibility criteria. But, for being a co-borrower the applicant must have to fulfill the following criteria.
  5. Should have an age of more than 25 years.
  6. Should have to be a self-employed person.
  7. Should have filed the ITR for last 3 years.
  8. ITR should be filled for more than Rs 2.5 Lacs.
  9. CIBIL score should be good.

Documentations:

Needed documents for bank loan approval are listed below

  1. Identity Proof: The identity of the customer can be proven by the Aadhar Card, Voter ID, Pan Card, Passport or any other KYC.
  2. Residence Proof: The residence proof can be proven by the Aadhar Card, Voter Card, any utility bill or rent agreement.
  3. Proof of Income: The self-employed can show the ITR of the last 3 years as a proof of income, whereas the employed customers can show the last 6 months salary slips.

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

About Rewari

Rewari is a city in the Indian state of Haryana. The only Loco shed in India is Rewari Heritage Steam Locomotive Museum. Rewari has a variety of industries like cottage industries and Rewari metal work.

The city is the home of 1,43,021 (2011 Census).

The city is famous for the brass industries, auto industries, and auto ancillary industries. Most of the people are involved in these industries. The people have opted personal loans for the need of bulk money. The banks and NBFCs in the Rewari are now lending these personal loans to the people easily.

Sub-Areas of Rewari

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

EKTA SOCIETY QUTUBPUR
DEV NAGAR YADAV NAGAR
HAZARIWAS DURGA COLONY

Personal loan