Personal Loan Barnala

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Major Personal Loan Providers in Barnala

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
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

0.5% - 2% 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 Barnala FeaturesPersonal Loan Barnala

Personal Loan BarnalaAre you running short out of cash? Do not worry. Get you issues sorted with Personal Loans today. This loan 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 Barnala is an unsecured form of loan that provides financial aid at affordable interest rates. To be eligible for a Personal Loan, the applicants need to have a stable source of income along with a good credit history.

Apart from this, there is no end-use restriction on the use of the personal loan amount.

Personal Loan Barnala Interest Rates

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
ICICI 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
1%
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 for Personal Loan Barnala

Salaried Customers:

  1. Identity proof (Aadhar card/driving license)
  2. Salary slips of last three months
  3. Aadhar Card/ PAN Card/ Voter ID/ Passport
  4. Residence Proof (Owned/Rented/Company provided)
  5. Bank statements for the last 6 months
  6. Passport-sized photographs – 2

*NOTE: In case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

  1. All financials are required (Balance Sheet, P&L Statement as well as Tax Return files)
  2. Aadhar Card/ PAN Card/ Voter ID/ Passport
  3. Residence Proof
  4. Two passport-sized photographs

personal loan at 10.75%*

Eligibility Criteria for Personal Loan Barnala

The eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicants

  1. The minimum age of eligibility is 21 years, and a maximum of up to 60 years.
  2. Work experience of the three years. The job location should be mentioned.
  3.  A borrower should have a minimum income of INR 25,000 per month
  4. The applicants must have an excellent credit history

Click here to know more about- Salaried Applicant

Self-Employed Applicants

  1. The minimum age requirement for an independent person should be 25 years.
  2. If the applicants are the businessman, then the business should be running from the past 3 years.
  3. Stable credit score without any debt or dues left.
  4. The applicants applying for the personal loan should file ITR for the last 3 years.
  5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  6. 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 Barnala?

  1. There is no need to deposit any mortgage and collateral security to the bank.
  2. A Personal Loan does not require any guarantor or nominee.
  3. A personal loan is a multi-purpose offer loan.
  4. The amount of personal loan depends upon the repayment of individual income and capacity.

How to apply for Personal Loan Barnala?

  1. Visit Dialabank
  2. Navigate to the loan section and click on the personal loan link.
  3. You will be directed to all details of the personal loan.
  4. Choose your preferred city.
  5. To get more information and free guidance, call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Barnala

Every Bank and NBFC charges a fee for processing your Personal Loan application. The Personal Loan Barnala processing fee is 1% of the loan amount.

In case the applicant wishes to foreclose the loan before the agreed loan tenure, every bank and lending institution charges a penal prepayment fee. In most cases, the applicant cannot close your loan before 12 months. After that, the charge rates vary depending on how many years the loan has done. These rates vary from 4% of the loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Barnala EMI Calculator

Equated Monthly Installments are the monthly fixed charges that you pay to the bank as monthly repayment for the outstanding loan amount borrowed.  Based on the applicant’s profile, the interest rate on loan is determined. Your EMI is calculated basis the Interest Rate that is charged by the bank and the amount of loan applicant has to take and the period for which they enjoy the loan.

CIBIL Score required for Personal Loan Barnala

Every lending institution has its own set of criteria for the minimum CIBIL score required for processing a Personal Loan application in Barnala. Most institutions demand 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 loan type and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Barnala Agents

Dialabank is the leading agent for availing Personal Loan in Barnala. Apply online at Dialabank or give a call at 9878981166

Dialabank helps 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 Dialabank and fill the form with your personal and employment details. Our customer relationship managers will get in touch with you immediately.

Personal Loan Barnala Contact Number

Call 9878981166 and get instant help and approval for Personal Loan in Barnala.

Pre Calculated EMI Table for Personal Loan Barnala

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Barnala

Personal Loan BarnalaBarnala is a city in the state of Punjab, India. It serves as the headquarters of the district formed in 2006. Before the formation Barnala district, this city was located in Sangrur District. It is also known as a land of too many storms from where it got its name.

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