Personal Loan is a financial good which has emerged as one of the leading and a popular credit availing option for individuals who are in urgent need of finances. It is basically an unsecured loan which does not involve any of the assets or properties to be involved in the processing of the loan as a piece of  collateral. It can be availed as per your convenience and eligibility.Personal Loan is a lot in demand as nowadays people are switching into easy and quick financing methods which are convenient and at the same time beneficial for them.

Why apply for a Personal Loan Balotra?

  1. There is no need to deposit any mortgage and collateral security to the bank.
  2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
  3. The amount of personal loan depends upon the repayment of individual income and capacity.
  4. A Personal Loans does not require any guarantor or nominee.

Personal Loan Balotra Eligibility Criteria

The eligibility criteria for both Salaried and Self-Employed is different-

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Salaried Applicants

  1. Minimum age requirements of individual should be 21 years and maximum up to 60 years.
  2. The applicants must have the work experience of the three years. And the salary should be received in their accounts only.
  3. The applicants must have an excellent credit history.
  4. Job location of the applicant should be mentioned.
  5.  A borrower should have minimum income in metropolitan city RS 18,000 and in non -metro city RS 12,000

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Self-Employed Applicants

  1. Minimum age requirement for an independent person should be 25 years.
  2. The applicants applying for the personal loan should file ITR for the last three years.
  3. If the applicants are the businessman, then the business should be running from the past three years.
  4. The credit score of the individual applicants should be good .there should not be any debt or dues left.
  5. The annual income of the applicants should be minimum of Rs 2.5 lakh.
  6. The whole documentation process of the personal loan is the applicants has to submit his financial and his bank statement of the previous three months.

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 Documentation Required for Personal Loan Balotra

We have a list of some of the mandatory documents including you’re:
 
1. Identity proof: PAN Card or Voter ID card or Driving License or Aadhar Card or your passport.
 
Either of these documents could be presented in the form of your identity proof.
 
2. Residential Proof: could again include any of the following documents:
  1. Voter ID card
  2. Driving License
  3. Passport
  4. Rent Agreement
  5. Water or Electricity Bills
  6. Aadhar Card
  7. PAN Card
3.Income Proofs: your income proofs should include your salary slips of the previous 6 months or your bank account statements where you get your salary. If you are a self-employed individual; also your Income Tax Return statements for the last 3 years are also mandatory.
 
Note*: it is important to know that if you are not getting your salary in a bank account, then you don’t fulfill the eligibility criteria for availing a Personal Loan.

Personal Loan Balotra Interest Rate

The personal loan may vary from person to person. It depends upon the salary of the applicants and the company’s profile. Usually, the interest rates of the personal loan start from 10.75% per year

How to apply for Personal Loan Balotra?

The online modes have made the process even more convenient and hassle-free. The application could be quickly made online within 2 minutes.
  1.  Visit our official web portal, i.e. www.dialabank.com.
  2.  After that, apply for a Personal Loan online.
  3.  Enter your contact details so that we can contact you back.
  4.  We are always available on our toll-free number (987898116) to provide you with the right knowledge about loans, interest rates, etc.

Know more about Balotra

Balotra is a city in Barmer District of Rajasthan, India. It is about 91 Km away from the city of Jodhpur. The town is famous for hand block printing and textile industry and an annual desert and tribal fair at Tilwara. Now one can easily avail a Personal Loan within this location. Visit our dailabank website and get best offers within your reach.

Personal Loan Interest Rates: Updated

Bank

Interest Rates

HDFC Bank

10.99% to 18%

ICICI Bank

13.99% to 18%

Fullerton India

17.25% to 32%

Bajaj Finserv

13.99% to 16.75%

Axis Bank

15.50% to 24%

Standard Chartered Bank

15.75% to 22%

Kotak Mahindra Bank

13.75% to 19%

Andhra Bank

13.50% to 22%

Bank of Baroda

13.50% to 19%

Vijaya Bank

13.75% to 22%

Corporation Bank

14.50% to 20%