Personal Loan is one of the most popular financial product which is a boon for those who are in need of financial help to overcome their financial needs. Over the years due to the advancements and coming of the newer technologies it has been more convenient for you as a borrower to seek funds from banks or NBFCs with ease and much of the options available  to your rescue. 
A Personal Loan is an unsecured loan that can be availed by you if you are going through financial crisis. The loan approval demands a set of documentation to be followed and the loan amount is approved as per your eligibility and need. Since it’s a kind of an unsecured loan it does not involves any of your asset to be mortgaged by the bank in any case.

Personal Loan Bhuj Interest Rates

The interest rates are applied 10.75% onwards
The processing fee is up to 2% of the loan amount.
The loan tenure ranges up to 5 years.
The lowest EMI per lakh is Rs 2,162
The prepayment charges are NIL up to 5 percent.
 

Eligibility Criteria for Personal Loan Bhuj

You are eligible for availing a personal loan if you fall under any of the following categories
If you are a Salaried employee or
A self-employed individual
Salaried Individuals
For salaried individuals the following are the requirements:
1.    Salary should be 18,000 or above (Monthly).
2.    Age criteria: 21-60 years of age.
3.    Experience at Work Place: overall experience should be of 3 years and experience of 1 year in the current job.
4.    Most importantly, you should possess a CIBIL score more than 700.
5.    Lastly, a person who gets his salary cash in hand is also not eligible for availing a personal loan. You must have your salary slips for proofs.
Self-Employed Individuals: 
For salaried individuals the following are the requirements:
1.    The age of the borrower varies from 25 years to 65 years.
2.    Should have filed annual Income Tax Returns of 2.5 to 3 Lakh.
3.    Residence Proof: Should own an office or house of his own.
4.    Stability at Workplace: Should own a financially stable business which is being running from the last 3 years.
5.    Again, most importantly should possess a CIBIL score of more than 700.

Documentation Required for Personal Loan Bhuj 

We have a list of some of the mandatory documents including you’re:
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.
Residential Proof: could again include any of the following documents:
Voter ID card
Driving License
Passport
Rent Agreement
Water or Electricity Bills
Aadhar Card
PAN Card
Income Proofs: your income proofs should include your salary slips of the previous six 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 three years are also mandatory.
Note*: it is essential 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.

Application Procedure for Personal Loan Bhuj

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 Bhuj

Bhuj is a municipality and a district which is in Kutch district situated in Gujarat, India. According to legend, Kutch was ruled by the Naga chieftains in the past. Sagai, a queen of Sheshapattana, who was married to king Bheria Kumar, rose up against Bhujanga, the last chieftain of Naga.