Major Personal Loan Providers in Bangalore
Personal Loan Bangalore Features
As world is running very fast, and our needs are increasing accordingly. To fulfill those dreams, a personal loan is the best option, as it helps us in a variety of ways like getting our car serviced, our home renovation, etc. It is a simple process with minimal documentation is required and no collateral mortgaging is needed. we can also get loan with low rate of interest and also can get a high repayment period.
Personal Loan Bangalore Interest Rates
The interest rates in Personal Loan depends upon the company’s profile and salary of a person. The interest rate of personal Loans starts from 10.75% per year.
Get low interest rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Documents for Personal Loan Bangalore
Salaried Customers:
- Identity proof (Aadhar card/driving license)
- Salary slips of last three months
- Bank statements for the last 6 months
- PAN Card
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
*NOTE: In case of rented apartments, rent agreement needs to be attached.
Self-Employed Customers:
- All financial statements are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card / Aadhar card / Residence Proof.
- Two passport-sized photographs are needed.
Eligibility Criteria for Personal Loan Bangalore
The eligibility criteria for both Salaried and Self-Employed are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
- The applicants must have the work experience of the three years. And the salary should be received in their accounts only.
- The applicants must have an excellent credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month
Click here to know more about- Salaried Applicant
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan should file ITR for the last three years.
- If the applicants are the businessman, then the business should be running from the past three years.
- The credit score of the individual applicants should be good .there should not be any debt or dues left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan is the applicants have to submit his financial and his bank statement of the previous three months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan Bangalore?
- No need to deposit any mortgage and collateral security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of personal loan depends upon the repayment of individual income and capacity.
- A Personal Loan does not require any guarantor or nominee.
How to apply for Personal Loan Bangalore?
- Visit www.dialabank.com.
- while clicking on the loan section, choose the personal loan section Bangalore.
- The applicant will be directed to all details of the personal loan where they can choose their preferred city.
- For more information and free guidance, you may call on 9878981166.
Processing Fee / Prepayment Charges on Personal Loan Bangalore
Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary between 1.5% to 2.5% of the sanctioned 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.
Personal Loan Bangalore EMI Calculator
Equated Monthly Installments also know as EMI are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Bangalore. Most institutions require a minimum score of 750 to process your loan application. The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan. Dialabank is the leading agent for availing Personal Loan in Bangalore. You can apply online at www.dialabank.com or give a call at 9878981166 Dialabank helps you to find the best option of Banks and NBFCs by providing you with the 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 with your personal and employment details. Our customer relationship managers will soon get in touch with you. For, instant help and approval Call 9878981166, Personal loan Bangalore. About Bangalore Table of Contents Share ThisCIBIL Score required for Personal Loan Bangalore
Personal Loan Bangalore Agents
Personal Loan Bangalore Contact Number
Pre Calculated EMI Table for Personal Loan Bangalore
Bengaluru (also called Bangalore) is the capital of India’s southern Karnataka state. The center of India’s high-tech industry, the city is also known for its parks and nightlife. By Cubbon Park, Vidhana Soudha is a Neo-Dravidian legislative building. Former royal residences include 19th-century Bangalore Palace, modeled after England’s Windsor Castle, and Tipu Sultan’s Summer Palace, an 18th-century teak structure.
