Dhanlaxmi Bank Personal Loan

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Dhanlaxmi Bank Personal Loan

Dhanlaxmi Bank Personal LoanWhenever we plan something to do, the first step that came to our mind is budget. Sometimes it might possible that you are planning something for your future but have no budget to achieve it. Then Personal Loan can help you to fulfil all the desires. If you are planning to go abroad for studies or want to pay off your medical bills, then Personal Loan is an aid for you.

About Dhanlaxmi Bank 

Dhanlaxmi Bank was a private bank which was incorporated on November 14, 1927, in the city Thrissur, Kerala. It promoted the banking and financial services. The bank provides various financial services like Credit cards, Finance and Insurance, Investment banking, private banking to the customers.

What is Personal Loan?

  1. It is an Unsecured Loan, which means you don’t have to submit any collateral to the lender in exchange for the amount of the money.
  2. Personal Loan can be helpful to conquer our financial crises.
  3. You are free to use the loan amount as per your demand. There is no need to tell the lender about the necessity of a loan.

Uses of Personal loan

  1. Personal Loan helps you to build up your career, by giving you the loan and gives you the liberty to use the loan amount as per your demands.
  2. To pay your hospital bills, you can use Personal Loans.
  3. If you are planning for the dream wedding, but your pocket doesn’t allow you, Personal Loan can help you to achieve that too.
  4. You can pay off your past debts with the help of Personal Loan.
  5. Farmers can use the benefits of Personal Loan in their Agricultural Procedure.
  6. If you want to go abroad for your higher studies, but you are out of budget, then also Personal Loan can help you to achieve that.

Interest Rate of the Dhanlaxmi Bank Personal Loan

  1. Dhanlaxmi Bank Personal loan has special offers for the applicants based on their Loan amount.
  2. Dhanlaxmi Bank Personal loan Interest Rate is low as compared in the market.
  3. Interest Rate: The Interest Rate of the Dhanlaxmi Bank Personal Loan starts from 10.99% depending on the amount of the loan.
  4. Loan Processing Fees: The Loan Processing Fees of the Dhanlaxmi Bank is up to 2.5% of the Loan amount.
  5. Cheque bounce charges: If your cheque bounces, the amount of Rs. 500+service tax will be charged from you.
  6. Insurance fees: The Insurance fees of the Dhanlami Bank Personal Loan is Rs 500.
  7. The tenure to pay back the loan amount is  minimum of 12 months to  maximum of 60 months.

Dhanlaxmi Bank Personal Loan Eligibility

Dhanlaxmi Bank Personal Loan is for salaried and self-employed applicants. There is an eligibility criterion which one has to pass before applying for the Dhanlaxmi Bank Personal Loan.

  1. Age: The minimum age of the applicant who is applying for the Dhanlaxmi Bank Personal Loan should be atleast 23 years.
  2. Income: The income for the Salaried applicant should be  Rs.35,000 Per month on the other hand self-employed applicant required at least Rs18,0000 per annum income to avail the Dhanlaxmi Bank Personal Loan.
  3. Stability of the job: The salaried applicant must be employed from at least last two years in the same company whereas a self-employed applicant must be in the buisness from last 2 years.
  4. Dhanlaxmi Bank Personal Loan is only applicable for the Permenent employes who are working in the government or private organisations but not for the interns and temporary employess.

Documentation Process for the Dhanlaxmi Bank Personal Loan

While you are applying for the Personal Loan, Every bank needs your documents. You can only avail Dhanlaxmi Bank Personal Loan if your documents are submitted to the bank.

  1. Identity proof: Aadhaar Card/ Voter Card/ Driving License/ Passport. Anyone of them can be used as your Identity Proof.

  2. Residence proof: Aadhaar Card/ Voter Card/ Driving License/ Passport/ Ration Card/Utility bills of last three months. You can use any one of them as your Residence Proof.
  3. Signature proof: PAN card/Driving License/ID card issued to the government staff.
  4. For the rented applicant, it is mandatory to submit your rent agreement, electricity and water bill and the address of the owner.
  5.  PAN Card is an essential document under the KYC formality, so it is vital in your documentation procedure.
  6. The Salaried applicant is required to submit their salary slip of the last three months and also the bank statements of the previous six months.
  7. The Self Employed applicant is required to submit the ITR of the last three years and also have to provide the registration of their business.
  8. The applicant has to give two coloured passport size photographs without specs.

How to apply for Dhanlaxmi Bank Personal Loan online?

Follow the steps to apply online for Dhanlaxmi Bank Personal Loan.

  1. Visit our official site of Dialabank.
  2. Select the option of Personal Loan and choose your type whether you are a salaried or non-salaried applicant.
  3. Fill the above form and mention all the details which are asked on the way. Don’t forget to fill your contact number as it is mandatory.
  4. Once you filled the form and submit it,  our Relationship Manager will call you for further assistance.

Why Dialabank for the Dhanlaxmi Bank Personal Loan?

  1. Dialabank is the first financial helpline service in India and has served many people.
  2. We realize the queries of the applicants and solve it as soon as possible.
  3. As we are the first financial helpline service, we have the experience of many years and provide services to the customer as per their demands and budget.

FAQs for  Dhanlaxmi Bank Personal Loan

Q. What is Dhanlaxmi Bank Personal Loan?

A Personal Loan from Dhanlaxmi Bank can fulfil your diverse financial needs. You can avail a maximum loan amount of ₹15 lakhs for a tenure between 12 to 60 months. The entire loan process is quite hassle-free and comes with simple documentation.

Q. How does Dhanlaxmi Bank Personal Loan work?

Dhanlaxmi Bank Personal Loan does not require you to submit any security in exchange for the loan. You just have to visit the bank branch with your documents and apply for a Personal Loan with the banker. After the verification and approval procedure, the loan amount is sent to your bank account and the same can be used to meet all your needs.

Q. What is Personal Loan rate of interest in Dhanlaxmi Bank?

Personal Loan rate of interest in Dhanlaxmi Bank starts at 11% per annum. You can visit Dialabank’s online portal to compare the rates of different banks and finance companies across India and apply for the one that best suits your needs.

Q. How can I get Dhanlaxmi Bank Personal Loan?

You can get a Dhanlaxmi Bank Personal Loan either by visiting the branch in person or through online inquiry form available on Dialabank’s site.

Q. How to apply for Personal Loan in Dhanlaxmi Bank?

Apply for a Personal Loan by visiting the nearest Dhanlaxmi Bank branch with all the requisite documents. You can also apply online with Dialabank and avail personalized assistance for all your financial needs.

Q. Why apply for Dhanlaxmi Bank Personal Loan?

Dhanlaxmi Bank Personal Loans can be used for any personal financial need. You do not have to provide any collateral security in exchange for your loan and the repayment can be done in burden-free monthly instalments, EMIs.

Q. How much EMI on Dhanlaxmi Bank Personal Loan?

Use the EMI calculator available on Dhanlaxmi Bank’s website to calculate your Personal Loan EMIs. Your EMI depends on your loan amount, loan tenure, and rate of interest.

Q. How much CIBIL score required for Dhanlaxmi Bank Personal Loan?

You will need to have a CIBIL score in excess of 700 to become eligible for Dhanlaxmi Bank Personal Loan. Your CIBIL score is the estimate of your creditworthiness and an important factor in determining your Personal Loan eligibility.

Q. Minimum credit score needed for Dhanlaxmi Bank Personal Loan?

A minimum credit score of 700 is needed to become eligible for Personal Loans from Dhanlaxmi Bank.

Q. How to calculate Dhanlaxmi Bank Personal Loan EMI?

Use your loan amount, loan tenure, and rate of interest to calculate your Personal Loan EMI using the formula, E = P*R*((1+R)^n)/((1+R)^n)-1]

Q. What can I use Dhanlaxmi Bank Personal Loan for?

You can use your Dhanlaxmi Bank Personal Loan for a number of personal financial needs. It is a multipurpose loan that can be used to meet all your personal expenses.

Q. Can I prepay Dhanlaxmi Bank Personal Loan?

Yes, you can prepay your Personal Loan from Dhanlaxmi Bank by visiting your loan branch in person. You will be required to pay your outstanding loan amount with a prepayment fee of 2%.

Q. How to prepay Dhanlaxmi Bank Personal Loan?

Prepay your Personal Loan by walking into your loan branch and contacting your loan officer regarding the same. A prepayment fee of 2% of your outstanding principal amount is also charged.

Q. How to repay Dhanlaxmi Bank Personal Loan?

Personal Loans from Dhanlaxmi Bank can be repaid in easy monthly instalments through the EMI scheme. Your EMI comprises of your principal loan amount and interest as well.

Q. What documents are needed for Dhanlaxmi Bank Personal Loan?

Aadhar Card, Voter ID, PAN Card for your KYC and Salary Slips, Bank Statement, and ITR File as Income proof are the documents that are required to apply for a Personal Loan from Dhanlaxmi Bank.

Q. How to check Dhanlaxmi Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Dhanlaxmi Bank to know the status of your Personal Loan application.

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