Paschim Banga Gramin Bank Personal Loan

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Why us?

Rates as low as 10.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Paschim Banga Gramin Bank Personal Loan

Paschim Banga Gramin Bank was formed in early 2007. The bank came into existence by the collaboration of the  Gramin Banks viz. Howrah Gramin Bank, Bardhaman Gramin Bank, and Mayurakshi Gramin Bank. The primary motive behind the establishment of the bank is to full-fill the banking needs of the rural population of the state. In addition to this, the bank is providing Paschim Banga Gramin Bank Personal Loan scheme to the individual at low-interest rates. Thus, even rural people can turn their dreams into reality.

How does Paschim Banga Graming Bank Personal Loan work?

  • You need to apply to avail this loan.
  • Once you submitted the loan request, it gets a transfer to the bank. One of the bank employees evaluate your application and check whether it meets the bank standards or not.
  • At this point of process bank checks your income eligibility along with your CIBIL or credit score.
  • After that Bank decides the loan amount and the rate of interest.
  • The disbursal of Paschim Banga Gramin Bank Personal Loan takes place, and you get your loan amount from the bank.

Paschim Banga Gramin Bank Personal Loan Advantages

  1. You will surely get an affordable interest rate.
  2. You don’t have to deposit any collateral against the loan amount to the bank.
  3. The principal amount is dependent on the documents that the applicant provides.
  4. The processing fee of personal loan is only 2-3% of the total loan amount.
  5. The process of documentation is less time-consuming in comparison to another loaning scheme.
  6. If application full-fills all the criteria bank will approve the loan request within 30 minutes.
  7. The disbursal of the Paschim Banga Gramin Bank Personal Loan amount is done within 48 hours.
  8. A personal loan is said to be one of the fastest and the hassle-free way of taking credit.
  9. The tenure options range from 1 year to 5 years. And bank lets you decide the loaning tenure.
  10. You can close the loan before time by providing the remaining loan amount along with the foreclosure penalty.
  11. You might be thinking what the charges for foreclosure are. Bank charges 0-3% of the total loan amount as foreclosure penalty. By paying your loan amount beforehand, you will save some money as you don’t have to pay the remaining EMI’s and their respective rate of interest rate.
  12. Both salaried and self-employed applicant can avail Paschim Banga Gramin Bank Personal Loan and use it for according to their desires.

Paschim Banga Gramin Bank Personal Loan Eligibility

Paschim Banga Gramin Bank Personal Loan

For the salaried applicant:

  1. 25 – 65 Years is the required age for the salaried applicant.
  2. In addition to this, as a salaried applicant, the bank requires a minimum work experience of 1 year.
  3. Similarly, you need to be working with the current employer for about one year at least.
  4. Likewise, the salary of the applicant needs to come to a bank account
  5. 18,000 Rs is the minimum salary requirement for availing the personal loan.
  6. Most importantly, the CIBIL of the salaried applicant should be above 750.

For self-employed applicant

  1. Firstly, for the independent applicant 21 to 71 years is the age criteria.
  2. Moreover, the applicant’s business should be providing its services for about three years.
  3. Also, 30 Lac is the required annual turnover of the applicant’s business.
  4. Importantly, your CIBIL needs to be above 750 to avail this loan.
  5. One more thing that self-employed applicant must keep in mind is that ITR should be above 2.5Lacs.
  6. Self-employed applicant must have a bank account.

Paschim Banga Gramin Bank Personal Loan Interest Rates

Personal loan is an unsecured way of taking credit from the bank, so bank evaluates the documents that borrower provides and his/her other details like where he/she lives how much they earn monthly, do they have other people to take care Etc. Once evaluating all these factors bank decides the interest rate along with the loan amount. The minimum interest rate you can expect on a personal loan is 10.70% annually.

Paschim Banga Gramin Bank Personal Loan Documents

  1. Residence proof:- Passport/ Driving License/Ration Card/ Aadhar Card / PAN Card/ Voter ID Card /Utility bills of the latest three months or you can provide your rental agreement papers.
  2. Identity Proof:-  Aadhar Card / PAN Card/ Voter ID Card/ Passport/ Driving License. The applicant can use any one of these following documents as an identity proof.
  3. Salaried applicant Income proof: 6 months of salary receipt and six months of the latest bank statement.
  4. Income proof for Self-employed: last years ITR return documents and audited financial papers.

How to avail Paschim Banga Gramin Bank Personal Loan?

  1. You need to visit dialabank
  2. Now, once you are on our website fill your contact number along with your necessary details.
  3. It is crucial that you provide your contact number which is working.
  4. DialaBank will make sure that you will get a high loan to value ratio on your loan.
  5. Also, our RM will guide through the best deal for you which you can easily avail near your location
  6. Feel free to call us anytime we are always happy to provide you assistance.
  7. Our service is free of cost. Yes, you read that we won’t charge you anything.

FAQs About Paschim Banga Gramin Bank Personal Loan

Q. What is Paschim Banga Gramin Bank Personal Loan?

When you are in urgent need of financial help you can apply for a Personal Loan from Paschim Banga Gramin Bank. A Personal Loan can be availed without the need for submitting a security and loan amount can be used for any personal need.

Q. What is Personal Loan rate of interest in Paschim Banga Gramin Bank?

Personal Loan rate of interest in Paschim Banga Gramin Bank starts at 10.75% per annum. You can visit Dialabank’s online portal to compare the rates of different banks and finance companies across India.

Q. How can I get Paschim Banga Gramin Bank Personal Loan?

To get a Personal Loan you will have to visit the nearest branch with basic KYC documents, PAN card, and income proofs(salary slips, bank statement). You can also contact Dialabank to avail of the best financial advice and get the personally curated deals and offers for all your financial needs.

Q. How to apply for Personal Loan in Paschim Banga Gramin Bank?

Apply for a Personal Loan by walking into the nearest Paschim Banga Gramin 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 Paschim Banga Gramin Bank Personal Loan?

Paschim Banga Gramin Bank Personal Loans can be used for any personal financial needs. Be it a wedding, travel, bills, repair and renovation of home, and etc. You do not have to provide any collateral security in exchange for your loan and the repayment can be done in monthly installments, EMIs.

Q. How much EMI on Paschim Banga Gramin Bank Personal Loan?

Calculate your Paschim Banga Gramin Bank Personal Loan EMI using your loan tenure, loan amount, and rate of interest on Dialabank’s EMI calculator and apply for all your loan needs with us.

Q. How much CIBIL score required for Paschim Banga Gramin Bank Personal Loan?

A CIBIL score above 700 is preferred by Paschim Banga Gramin Bank to disburse a Personal Loan. Being an unsecured loan your CIBIL score plays a big role in determining your loan eligibility as it calculates the risk of default for your lender.

Q. Minimum credit score needed for Paschim Banga Gramin Bank Personal Loan?

The credit score is a measurement and estimate of your creditworthiness. Paschim Banga Gramin Bank requires you to have a credit score of at least 700 to consider your loan application for approval.

Q. How to calculate Paschim Banga Gramin Bank Personal Loan EMI?

Use your loan amount, loan tenure, and rate of interest to calculate your Personal Loan EMI using the EMI calculator available on Dialabank’s website.

Q. What can I use Paschim Banga Gramin Bank Personal Loan for?

You can use your Paschim Banga Gramin Bank Personal Loan for a number of financial needs such as funding your marriage or that of a relative, pay all your big and small bills, renovate or repair your home, and etc.

Q. Can I prepay Paschim Banga Gramin Bank Personal Loan?

If you have the required funds you can pre-close your loan by visiting the branch of Paschim Banga Gramin Bank from where your loan was approved and asking your banker about the prepayment facilities.

Q. How to prepay Paschim Banga Gramin Bank Personal Loan?

When you have the required money and feel the need to close your loan at once, just visit the nearest Paschim Banga Gramin Bank branch with your loan documents and apply for a foreclosure. You may be asked to pay a small foreclosure fee in addition to your outstanding loan amount.

Q. How to repay Paschim Banga Gramin Bank Personal Loan?

Repay your Personal Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. Your Paschim Banga Gramin Bank Personal Loan can be repaid through post-dated cheques too.

Q. What documents are needed for Paschim Banga Gramin Bank Personal Loan?

Aadhar Card/Voter ID, PAN Card, Salary Slips, Bank Statement, and ITR File are the documents that are required to avail a Personal Loan from Paschim Banga Gramin Bank.

Q. How to check Paschim Banga Gramin Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Paschim Banga Gramin Bank to know the status of your loan application and stay updated.

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