Best Banks for Personal Loan in Amravati
1% - 2.5% of the Loan Amt
Personal Loan in Amravati Features
|
Personal Loan Details
|
|
| Interest Rate |
10.75% to 24% p.a.
|
| Processing Fees | 0.5-2.5% |
| Loan Tenure |
1 year to 5 years
|
| Pre-closure Charges | 2% - 5% |
| Guarantor Requirement |
No guarantor required
|
Are you running short out of cash? Do not worry Personal Loan is available for you.
Personal Loan Amravati is unsecured in nature with minimal documentation and less paperwork. It takes 48 hours after the verification process for the loan to be approved.
Personal Loan Amravati is an unsecured form of loan that provides financial aid at affordable Personal Loan Interest Rate. To be eligible for a Personal Loan, the applicants need to have a stable source of income along with a good credit history.
Additionally, there is no end-use restriction on the use of the personal loan amount.
Personal Loan in Amravati Interest Rates– Apr 19 2024
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
0.01
Nil
Andhra Bank Personal Loan
Nil
Nil
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Amravati Fees & Charges – Apr 19 2024
| Bank | Processing Fee |
Prepayment Charges
|
| HDFC Bank Personal Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 3 months
|
| Axis Bank Personal Loan | 0.50% to 1.50% | Nil |
| Private Bank Personal Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 9 months
|
| SBI Personal Loan | 500/- to 0.50% | Nil |
| Kotak Personal Loan | 1% to 2% |
2.25% of fore closure amount if closed 1 month ahead of the tenure.
|
| IIFL Personal Loan | Nil | Nil |
| Muthoot Personal Loan | Nil | Nil |
| Manappauram Personal Loan | Nil | Nil |
| PNB Personal Loan | 0.70% to 1% | Nil |
| Canara Bank Personal Loan | 0.01 | Nil |
| Andhra Bank Personal Loan | Nil | Nil |
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Documents Required for Personal Loan in Amravati
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
| Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
| Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
| Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
| Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
| Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
|
| Existing Loans (if any) |
Payment Track Record & Sanction letter
|
| Photograph |
One coloured passport size photograph
|
List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
| Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
| Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
| Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
| Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
| Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
|
| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
|
| Existing Loans (in case any) |
Payment Track Record and sanction letter
|
| Professional Degree Certificate |
In case of professionals
|
| Photograph |
One coloured passport size photograph
|
List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
| Identity Proof | Copy of the passport Copy of the visa |
| Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
| Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
| Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
| Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
| Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
| Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
| Photographs |
Passport size photographs
|
Know More About: Personal Loan Eligibility Criteria
Personal Loan in Amravati Eligibility Criteria
The eligibility criteria for both Salaried and Self-Employed for a Personal Loan Amravati are different:
| Particulars | Salaried | Self-Employed |
| Age | 21 - 60 years | 21 - 65 years |
| Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
| Co-applicant | Not mandatory | Not mandatory |
| Loan Tenure | 12 – 60 months | 12 – 60 months |
| Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
| Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
| Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
| CIBIL Score | 750 and above | 750 and above |
| Residential Status |
Resident Indian staying in own house or a rented house
|
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
| Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
| SBI | Up to 76 years | NA** | Rs.15,000 |
| HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
| Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
| Axis | 21 to 60 years | NA** | Rs.15,000 |
| Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
| Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
| IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
| Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
| India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
| HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
| Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
| IDFC First Bank | 23 to 68 years | 3 years | NA* |
| Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
| Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
| Andhra Bank | 21 - 55 years | NA** | NA* |
| Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
| IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
| Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
| RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
| Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
| Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
| Karnataka Bank | NA** | 3 years | NA* |
| United Bank of India | up to 75 Years | 2 years | NA* |
| UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants
- The minimum age must be 21 years and a maximum of up to 60 years.
- Work experience of the three years. The job location must be mentioned.
- A borrower should have a minimum salary of INR 25,000 per month.
- The applicants must have a good credit history.
Click here to know more about- Personal Loan Eligibility Criteria
Self-Employed Applicants
- The minimum age required for an independent person should be 25 years.
- If the applicants are the businessman, then the business should be working from the past 3 years.
- The credit score of the applicants should be good and there should not be any dues left.
- The applicants applying for the personal loan must have the ITR files for the last 3 years.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The applicants have to submit their financial and his bank statement for the previous 3 months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan in Amravati?
- There is no need to deposit any collateral security and mortgage to the bank.
- A Personal Loan does not require any co-borrower, guarantor, or nominee.
- A personal loan is a multi-purpose loan offer.
- The amount of personal loan depends on the ability to repay by an individual.
How to apply for Personal Loan in Amravati?
- Visit www.dialabank.com.
- Navigate to the loan section and click on the personal loan link.
- You will be directed to all details of the personal loan where you can choose your preferred city.
- Call on 9878981166 for more information and free guidance.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fees/Prepayment Charges on Personal Loan in Amravati
Every Bank and NBFC charges a processing fee for a Personal Loan Amravati application. The processing fee is 1% of the loan amount.
In case the consumer wishes to foreclose the loan before the agreed loan tenure, every bank and lending institution charges a penal prepayment fee. In most cases, the consumer cannot close your loan before 12 months. Post that the charges vary depending on the loan tenure period. Prepayment charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.
Personal Loan EMI Calculator Amravati
Equated Monthly Installments(EMI) is the monthly fixed charges that you have to pay to the bank as repayment for the loan amount borrowed. On the basis of your profile, the Best Personal Loan Interest Rate on the personal loan is determined. Your EMI is calculated based on the interest rate that is charged by the bank in addition to the amount of loan you have to take and the period for which you enjoy the loan.
CIBIL Score required for Personal Loan Amravati
Every lending institution has the criteria of the minimum CIBIL score required for processing a Personal Loan Amravati application. Most institutions need a minimum score of 750 to process the Personal Loan Amravati application.
The institutions don’t just look at the CIBIL score but also check the detailed behavior on the previous loans taken. This includes details on the loan type and the loan amount borrowed. Any late payments for previous loans can act as a barrier to your availing a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Amravati Agents/Broker
Dialabank is the leading agent for availing Personal Loan in Amravati. You can apply online at www.dialabank.com or call at 9878981166.
Dialabank assists you to find the best option of Banks and NBFCs by providing a detailed market comparison of different banks so that you can make the right choice. Visit our website www.dialabank.com and fill a simple form by your personal and employment details. Our customer relationship managers will get in touch with you immediately.
Personal Loan Amravati Contact Number
Call 9878981166 and get instant help and approval for Personal Loan in Amravati.
Pre Calculated EMI Table for Personal Loan Amravati
About Amravati
Amravati is a city in Maharashtra, India. It is the second-largest and populous city of the Vidarbha region of Maharashtra after Nagpur. It is known to be the administrative headquarters of the Amravati district. It is also the headquarters of the Amravati division, one of the six divisions of the state.
FAQs About Personal Loan Amravati
✅ Who can apply for a Personal Loan in Amravati?
People who have an urgent need for cash and have a regular source of income (from employment or business) can Apply For Personal Loan in Amravati.
✅ What is the tenure of Personal Loan in Amravati?
Most of the Banks and NBFCs offer a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which expand the maximum period to 7 Years. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly installments in the agreed tenure of the loan.
✅ Are there any other charges involved in Personal Loan Amravati?
Yes, there are 2 types of charges that one needs to pay in order to Avail personal loan in Amravati:
Processing Fee: For every bank or lending institution that you borrow from, there is a fee that they charge from the consumer. This is known as Processing Fee. The amount of processing fee alters for each lending institution and is 1% of the loan amount.
Pre-closure Charges: Whenever you wish to close a running loan before its agreed loan tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges differ on how many years has your loan completed before you decide to pre-close it.
✅ Can my application for Personal Loan Amravati get rejected due to my CIBIL score?
Since a Personal Loan is an unsecured loan, one of the most important criteria for availing your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you need to avail of a Personal Loan in the future. Make sure you do not miss any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections happen to cause a low CIBIL Score.
Other Cities For Personal Loan
| Personal Loan Dhule | Personal Loan Chakan |
| Personal Loan Daryapur | Personal Loan Bhusawal |
| Personal Loan Chandrapur | Personal Loan Bhandara |
| Personal Loan Chalisgaon | Personal Loan Baramati |
