Rural Bank Personal Loan Key Features Apr 19 2024
| Eligibility Criteria | Details |
| Age | 21-58 yrs (at loan maturity) |
| CIBIL | 750 minimum |
| Nagaland Rural Bank Personal Loan Interest Rate | 9.99% per annum |
| Lowest EMI per lakh | NIL |
| Tenure | 12 to 60 months |
| Nagaland Rural Bank Personal Loan Processing Fee | 1% to 2% |
| Prepayment Charges | NIL |
| Part Payment Charges | NIL |
| Minimum Loan Amount | 50,000 |
| Maximum Loan Amount | 5 lakh |
Nagaland Rural Bank Personal Loan Eligibility Criteria
Personal loan eligibility criteria:
| CIBIL score | 750 minimum |
| Age | 21 – 58 yrs (at loan maturity) |
| Min Income | Rs. 18,000/month |
| Occupation | Salaried/Self-Employed |
Nagaland Rural Bank Personal Loan Interest Rate and Charges
| Nagaland Rural Bank Personal Loan Interest Rate | 9.99% per annum |
| Nagaland Rural Bank Personal Loan Processing Charges | 1% to 2% |
| Prepayment Charges | NIL |
| Stamp Duty | NIL |
| Cheque Bounce Charges | NIL |
| Penal Interest | NIL |
| Floating Rate of Interest | NIL |
Nagaland Rural Bank Personal Loan Documents Required
| Form | Duly filled and signed application form |
| Proof of Identity | Copy of: > Passport > Driving License > Aadhar Card > Voter ID Card |
| Proof of Address | Rent Agreement (Min. 1 year of stay) Utility Bills Passport, Ration card, Electricity Bill, Latest Bank Account Statement(Proof of permanent residence) |
| Proof of Income | > ITR: Last two Assessment years > Salary Slip: Last 6 months > Bank Statement: Last 3 months |
Nagaland Rural Bank Personal Loan EMI Calculator
Nagaland Rural Bank Personal Loan Compared to Other Banks
| Particulars | Nagaland Rural Bank | HDFC Bank | Bajaj Finserv | Axis Bank | Citibank | Private Bank |
| Interest Rate | 9.99% | 11.25% to 21.50% | Starting from 12.99% | 15.75% to 24% | Starting from 10.99% | 11.50% to 19.25% |
| Tenure | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | N/A | Up to Rs. 40 lakh | Up to Rs. 25 lakh | Rs. 50,000 to Rs. 15 lakh | Up to Rs. 30 lakh | Up to Rs. 20 lakh |
| Processing Fee | Up to 3% of the loan amount | Up to 2.50% of the loan amount | Up to 3.99% of the loan amount | Up to 2% of the loan amount | Up to 3% of the loan amount | Up to 2.25% of the loan amount |
Other Loan Products from Nagaland Rural Bank
| Gold Loan | Car Loan | Home Loan | Business Loan |
| TEL | LAP | Credit Card | Education Loan |
Why should you apply for Nagaland Rural Bank Personal Loan with Dialabank?
Dialabank has the most trusty agents who will help you provide information about personal loans. It gives the best and fast services. It has a requirement of less documentation.
Also, call 9878981166.
How to Calculate EMIs for Nagaland Rural Bank Personal Loan
For Nagaland Rural Bank personal loan, calculate your EMI by using the following figures:
- Loan Amount
- Rate of Interest
- Tenure
Put these values in the calculator below and find your monthly EMIs
Nagaland Rural Bank Personal Loan Processing Time
Nagaland Rural Bank Personal Loan has 2 to 3 days of processing time. This bank will approve your loan within 2 days. This bank charges a processing fee of up to 3%.
Nagaland Rural Bank Personal Loan Pre-closure charges
Pre-closure refers to the customer repaying the loan amount before the loan tenure ends.
Pre Calculated EMI for Personal Loan
Different Personal Loan offers by Nagaland Rural Bank
Nagaland Rural Bank Home Loan
- Nagaland Rural Bank provides home loans for you.
- It provides home loans for construction and repair.
Nagaland Rural Bank Personal Loan for Government Employees
- Nagaland Rural bank provides personal loans for Govt. employees.
- The loan amount depends on the company that you are in.
- Make sure you have an excellent CIBIL score.
Nagaland Rural Bank Education Loan
- Nagaland Rural Bank provides education loans for studies.
- Provides loans for studies in India as well as Abroad.
Nagaland Rural Bank Personal Loan for Pensioners
Nagaland Rural Bank provides Personal loans for pensioners. There is a need for a minimum of 10 yrs of service.
Nagaland Rural Bank Personal Loan Balance Transfer
- Nagaland Rural Bank allows you to transfer your balance from one institution to another.
- It will help you in lowering your interest rates.
Nagaland Rural Bank Personal Loan Top Up
- Loan top-up is the supplementary charges provided by a company for your home loan.
- Apply for a loan top up after 12 months of expense.
Nagaland Rural Bank Personal Loan Status
Visit our website and check your loan status.
Nagaland Rural Bank Personal Loan Overdraft Scheme
Nagaland Rural Bank Personal Loan Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime, anywhere. The overall loan amount will have a Credit/Loan Limit. In the Nagaland Rural Bank, Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
Types of Nagaland Rural Bank Personal Loan
Home renovation loan
Nagaland Rural Bank provides individuals who plan to renovate their homes with a home improvement loan. This personal loan can fund critical repairs or allow the borrower to purchase new furniture, fixtures, and furniture for the house. Four of the Nagaland Rural Bank Home Renovation Loan’s significant features are:
- The Home Renovation Loan of Nagaland Rural Bank’s interest rate starts at as low as 11.25%.
- Individuals will be liable to renew their homes with a loan of up to Rs. 20 Lakh.
- Nagaland Rural Bank’s home improvement loan needs minimum paperwork to free up the whole credit process.
- Usually, within 72 hours after the bank accepts the applications, the loan balance will be credited to the account.
Holiday loan
The holiday loan from Nagaland Rural Bank will help you budget for your dream vacation with little difficulty. This personal loan from Nagaland Rural Bank will cover several holiday-related expenses, including booking flight fares, hotel accommodation, guided tours, etc. The Nagaland Rural Bank Holiday Loan’s key features are:
- Interest rates on holiday loans start at 11.25 per cent p.a.
- You should use up to Rs 20 Lakh quickly so that a financial crunch will not spoil your perfect vacation.
- Simplified and limited paperwork means fast and easy funding for your holiday.
- Quick processing of the loan directly credited to your account and disbursement
Fresher funding
Most unsecured personal loans are meant for individuals with a daily income, while the Fresher Funding of Nagaland Rural Bank is distinct. The loan option provided by Nagaland Rural Bank is intended to help refreshers, i.e. recent graduates searching for their first job. Few of Nagaland Rural Bank Fresher Personal Loan Funding’s main features are as follows:
- Up to Rs 1.5 lakh loan
- A candidate must be 21 years of age or older.
- The interest rate for Fresher Funding depends on the applicant’s profile, credit history/score, applicant’s age, and place.
NRI Personal Loan
Knowing the wishes and desires of NRIs, Nagaland Rural Bank provides NRIs directly with a personal loan. An Indian resident must be the primary loan borrower, and a close relative must be the NRI co-applicant. The Personal Loan includes the following features for NRIs:
- Nagaland Rural Bank offers NRIs with adjustable end-use personal loans of up to Rs. 10 lakh.
- NRI Personal Loan interest rates launch at 15.49 per cent p.a.
- Up to 36 months is the term of the loan.
How to Apply for Nagaland Rural Bank Personal Loan?
For a personal loan, the following steps are to be followed:
- First, visitDialabank and fill the application form.
- Then, our representative will call you back.
- Our experts will guide you through the entire process and tell you the loan details.
The Personal Loan Verification Process
Following the online submission of your loan application to Dialabank, the following are the principal stages of the personal loan authentication process.
Stage 1. Dialabank will forward your loan application to your chosen lender, and you will usually get a call from the lender’s representative within 48 hours.
Stage 2. The possible lender can arrange for your KYC documents, salaries, etc., to be collected or provide an opportunity to upload them online. To confirm your submission, these documents will be used.
Stage 3. You will get another call to confirm the loan bid and seek your permission for disbursement if the lender’s verification has been fulfilled and your loan has been approved.
Stage 4. The loan is generally disbursed within 48 hours of the loan’s acceptance and adequate verification.
Note: The timeframe for verification/disbursement of personal loans, as stated above, can vary based on the internal criteria of the lender, as well as other parameters.
Check your Nagaland Rural Bank Personal Loan Application Status
The process for checking your application’s status requires the following steps:
- Visit the official website of Nagaland Rural Bank, click on ‘Products’, and select ‘Personal Loans.’
- Click ‘More and choose’ Review Loan Application Status.’ on the next tab that opens below.
- Firstly, by submitting details such as your contact number, date of birth, and either entering the OTP you get on your mobile number or using your application number, you can check your application status.
How to login to The Nagaland Rural Bank Portal
- Visit the Official Website of Nagaland Rural Bank.
- In the upper right corner of the screen, press the ‘Login’ button.
- Use your user ID and password or your registered cell phone number to log in.
How to Check Your Loan Statement
By taking the following steps, customers can download the bank’s loan statement:
- First, visit the official website of the bank.
- Then, tap ‘Get in touch and click ‘Requests for help’ from the drop-down column.
- Next, pick ‘Personal Loan Related’ under the ‘Loans’ menu on the next page.
- Next, press the ‘Loan Account Statement Order’ button.
- To make use of the bank’s loan statement, log in using your user ID and password or using your registered cell phone number and OTP.
Nagaland Rural Bank Personal Loan Restructuring (COVID-19)
Many borrowers have been adversely affected by the national lockout due to the COVID-19 pandemic. A six-month moratorium on various term loans has been declared to some degree to minimize its impact. After the six-month suspension was terminated, Nagaland Rural Bank announced an RBI-mandated one-time gain from the Nagaland Rural Bank loan restructuring. This mechanism aims at providing continued relief to borrowers who are still unable to repay their daily EMI due to the ongoing financial distress of the pandemic.
To minimize the monthly EMI payments, the loan settlement scheme implemented by Nagaland Rural Bank provides for an extended moratorium of up to 2 years or an extension of the current period of maturity. It is necessary to bear in mind, of course, that the restructuring of the loan by Bajaj Finance employees would result in additional interest rates exceeding those applicable to the initial loan. Therefore, using this relief method only as a last resort is also necessary to not default on the unpaid loan.
Nagaland Rural Bank Customer Care
Customers can approach Nagaland Rural Bank’s Customer Support via any of the following means:
By phone: You can call Nagaland Rural Bank on 0370-2290975 (toll-free)
Callback order: You can also make a return call by accessing the bank’s website.
Online Chatbot: You can even have an apple Chatbot online to answer your questions.
Visit Branch: To obtain your requests, visit the nearest Nagaland Rural Bank branch.
Benefits of Applying for Personal Loan on Dialabank
On the Dialabank website, there are many drawbacks to applying for a personal loan. Below, some of these are given:
- 24 x 7 Accessibility: You can reach the Dialabank website anywhere, wherever and even apply at any time for a personal loan from the comfort of your home or office.
- Multiple lenders on a single platform: com helps you to view personal loan offers on a single platform from multiple prospective lenders, avoiding the need to visit numerous bank websites or branches.
- Know EMI instantly: On the Dialabank website, use the personal loan EMI calculator. You can check the EMIs that you will pay for on a personal loan right before applying for one. It can allow you to borrow the amount you need to repay quickly and have a stable payment schedule.
- Free of charge: In addition, when applying for a personal loan on Dialabank, you are not required to incur any fees.
Important Aspects
Below are some essential items you need to note when applying to Nagaland Rural Bank for a personal loan:
- It is still intelligent to review your credit report before applying for a personal loan. A decent credit score increases the chances of accepting the loan and will make it possible for you to use a personal loan in more desirable conditions.
- It is advisable to compare the expense of a personal loan (interest rates and all associated charges) issued by various lenders on Dialabank.com before finalizing a particular lender.
- As per your wishes and ability to repay, borrow. Avoid borrowing only because you have the right to borrow a more considerable amount. It will add to the interest rate and have no long-term advantages.
- Avoid applying for individual loans concurrently with many lenders. It reveals that you are credit-hungry and therefore increases the amount of demanding credit report requests that can negatively impact your credit score.
FAQs About Nagaland Rural Bank Personal Loan
✅ What is Nagaland Rural Bank personal loan?
Nagaland Rural Bank personal loan offers a rate of 9.99% with a loan tenure of 12 to 60 months.
✅ How does Nagaland Rural Bank personal loan work?
No security is needed. You would just have to submit the essential KYC documents along with the income proof. After this approval, the amount will be credited to your bank account. For you to use this money for your personal needs. You would have to repay the amount through regular equated monthly instalments.
✅ What is the personal loan rate of interest in Nagaland Rural Bank?
The rate of interest for Nagaland Rural Bank is 9.99%, with a processing fee of up to 1% to 2%.
✅ How to apply for a personal loan in Nagaland Rural Bank?
Apply Online
- Visit our bank website.
- Fill the application form and submit it.
- Our bank operators will contact you.
Apply Offline
- Visit the nearest branch of a bank.
- Collect info about a personal loan.
- Then, apply for the loan.
✅ How much is EMI on Nagaland Rural Bank personal loan?
EMI is Equated Monthly Instalments in which you can clear your loan amount.
✅ How much is CIBIL the core required for a personal loan from Nagaland Rural Bank?
You would need to have a minimum CIBIL Score of 750.
✅ What can I use Nagaland Rural Bank personal loan for?
Use your loan for many purposes. Nagaland Rural Bank provides you with financial support to fulfil your needs. This bank provides funds for making and repairing homes, education loans, business loans, etc.
✅ How to prepay Nagaland Rural Bank personal loan?
Prepayment means that you have paid the loan amount before the official date. It will help you in lowering the interest rates.
✅ What documents are needed for Nagaland Rural Bank personal loan?
Nagaland Rural Bank personal loan has a requirement of more minor documentations. The documents required are the Aadhaar card, electricity bill, driving license, voter ID, income proof, ITR for the last two yrs.
✅ What is the Nagaland Rural Bank Personal Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Nagaland Rural Bank Personal loan account.
- Pay the pre-closure charges as per Nagaland Rural Bank Personal Loan.
✅ What are Nagaland Rural Bank Personal Loan preclosure charges?
Nagaland Rural Personal Loan preclosure charges are Nil.
✅ What is the Nagaland Rural Bank Personal Loan overdraft scheme?
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Nagaland Rural Bank Person, al Loan is provided. It gives you an online way to get your overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a tiresome process. Just log in to Nagaland Rural Bank online banking portal, and from there, you can fill out a simple form and get an overdraft under your name.
✅ What is Nagaland Rural Bank Personal Loan maximum tenure?
Nagaland Rural Bank Personal loan maximum tenure is 60 months.
✅ What is Nagaland Rural Bank Personal Loan minimum tenure?
Nagaland Rural Bank Personal Loan minimum tenure is 12 months.
✅ What is the Nagaland Rural Bank Personal Loan customer care number?
The customers get in touch with the bank via call on 9878981166.
Other Banks For Personal Loan
| Telangana Bank Personal Loan | |
| Telangana Grameena Bank Personal Loan | |
| Suryoday Small Finance Bank Personal Loan | |
| State Bank of Hyderabad Personal Loan |
