Best Banks for Personal Loan Balaghat
Feature
HDFC Bank
Private Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
0.12
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt
1% - 2.5% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes
Personal Loan Balaghat
There are several days where the person gets some kind of financial trouble and can not satisfy his / her financial needs.
A personal loan is a loan that helps us solve these kinds of financial problems. It’s kind of an unsecured loan.
A discretionary loan allows the borrower to spend the funds however they want. The creditor does not keep something as leverage in the deposit. The lender allows the borrower to use the fund according to their wishes, making it a flexible loan to make use of.
A Personal Loan personal loan enables you to meet your varying financial needs; you can take advantage of loans and fulfill the specific needs you pose at any period of your life. The fast clearance system means you are informed of the expenditure easily.
Personal Loan Balaghat Interest Rates
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
Documents Required for Personal Loan Balaghat
Salaried Customers:
- Identity verification such as driving license / Aadhar passport.
- Only slip of three months’ pay.
- Bank declarations over the last 6 months.
- PAN Card.
- Residence Proof (provided by Owned / Rented / Company), and rental agreement in the case of apartments.
- 2 Applicant’s passport-sized photographs.
Self-Employed Customers:
- All financials are needed (Balance Sheet and P&L Report ITR documents).
- PAN Card.
- Aadhar Passport, as evidence of identification.
- Residence Proof or rental agreement should an apartment be rented.
- The applicant has two passport-size photos.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Balaghat Eligibility Criteria
The eligibility criteria are specific for both salaried and self-employed workers.
Click here to know more about personal loan eligibility
Salaried Applicant
- Individual minimum age requirements should be 21 years, and up to a maximum of 60 years.
- The candidates will have three years of job experience. And they will earn the salaries only in their accounts.
- The applicants must have an outstanding credit history.
- It should mention the applicant ‘s job location.
- A borrower should have a minimum income in RS 18,000 in the metro city and RS 12,000 in the non-metro city.
Click here to know more about- Salaried Applicant
Self-employed Applicant
- For a single adult, the minimum age threshold would be 25 years.
- For the last three years, ITR will be submitted by borrowers seeking a personal loan.
- If the applicants are the businessman, then from the last three years the business should be running.
- The individual applicants’ credit score should be good. No debt or duties should be left.
- The applicants’ annual income would have to be a minimum of Rs 2.5 lakh.
- The whole personal loan reporting phase is where the borrowers have to apply their accounting records and their bank accounts from the past three months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan Balaghat?
- There is no requirement to add any mortgage or insurance collateral to the fund.
- A personal loan is a loan with a multipurpose deal. It can be used for all finance-related problems.
- The amount of personal loan depends on the individual income and willingness to be paid back.
- No guarantor or nominee is required on a Personal Loan.
How to apply for Personal Loan Balaghat?
To apply for the best personal loan deals:
- Visit Dialabank and click on the personal loan option on the menu of the homepage.
- You will be directed to a page where, along with your phone number, you will have to fill in all your personal and professional details.
- Wait a while after you click on ‘Apply now’ In a limited time, you can obtain mail threads from various banks and NBFCs who can lend you a personal loan
- Our advisors will call you to help you pick the right option for you.
- In case of any queries, call us at 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Balaghat
Every Bank and NBFC charges a fee for processing your Personal Loan Balaghat application. The processing fee for getting a personal loan in Balaghat is 1% of the loan amount.
In case you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.
To know about the interest rate click on personal loan interest rate
Personal Loan Balaghat EMI Calculator
CIBIL Score required for Personal Loan Balaghat
In Balaghat, each lending institution has its requirements for the minimum CIBIL score needed to process a Personal Loan Balaghat application. Most institutions must have a minimum score of 700 to process your loan application.
Your credit score and report is one of the most important parameters facilitating your approval of the loan. Since you don’t have to provide the lenders with security/collateral, they risk losing money in case you default on your payments. Therefore borrowers review and assess your financial background closely before accepting your loan application.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Balaghat Contact Number
Call 9878981166 and get instant help and approval for Personal Loan in Balaghat.
Pre Calculated EMI Table for Personal Loan Balaghat
Click here for personal loan EMI calculator
About Balaghat
Balaghat, city, south-eastern state of Madhya Pradesh, central India. The town is located in a plateau area at the southern base of the Satpura Range, just east of the Wainganga River, and is about 155 km (95 miles) south of Jabalpur.
Balaghat is a town and a municipality in the district of Balaghat, Madhya Pradesh state, India. It is the Balaghat District Administrative headquarters. Initially, the town was renamed “Burha,” but this term was substituted by “Balaghat,” which was initially just the district term. Balaghat means “Over or Over the Ghats.”
Formerly, Balaghat consisted of two villages, Burha and Burhi, which were collectively formed a municipality in 1877. In 1895 the British combined the two to create the present city.
