All About Personal Loan
Personal loan always comes with so many benefits you can use freely this amount of loan to fulfill your personal needs. Basically in personal loan you borrow the money from the bank at some rate of interest and for a given period of time. This is all we know. But this is not over here. There are some more hidden charges that we have to give in a personal loan. People are unaware of these charges. Let us discuss them one by one.
1. Processing Fees
First of all bank checks your eligibility if you are eligible bank approves your loan. You have to give some processing fees. This fee includes the application fee and some administrative costs and credit checks. This fee is not that much; basically it is some% of your principal amount. It may start from 2% to 3%.
2. Foreclosure charges
If you want to close your loan before the tenure of the loan the bank may ask you for some pre-closure charges. You are advised to know about these charges before applying for the loan. Not every bank asks for these charges. Some banks don’t have any pre-closure charges.
3. Annual Maintenance Charges
Besides these charges some banks charge annual maintenance charges. These charges are also very nominal and start from 0.25% of your principal amount.
How to Apply for Personal Loan?
You can apply for a personal loan online very easily. Furthermore, you can get more information about these charges online on the sites of the bank. You can simply apply for a personal loan on the site of Dialabank online. It is dialabank.com. You just have to fill a simple form that asks the basic information about you. If you are still having some problem in filling the form you can call on 60011600 for the free assessment.