Personal Loan Bhopal

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Personal Loan Bhopal

Best Banks for Personal Loan in Bhopal

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 in Bhopal Features

Personal Loan bhopal

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

If you are thinking of starting up a business but you don’t have that much budget, or you are thinking abroad for your higher studies, but pocket doesn’t allow you, you should definitely opt for Personal Loan. It will help you to solve all your financial troubles.

Personal Loan provides you with a loan from the bank to fulfill your financial needs. It provides you with low interest rates. In an Unsecured Loan, there is no need to submit any collateral in exchange for the loan amount. The most amazing thing about this type of loan is that you can spend it per your needs. The amount of the loan is spent by the individual for his personal reasons that are why it is known as Personal Loan.

Personal Loan Bhopal Interest Rates Jul 04 2022

The interest rates in a Personal Loan depend on the company’s profile and a person’s salary. The interest rate of personal Loan starts @10.75% per annum.

Name of the Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
Kotak Mahindra Bank 10.99% to 24% p.a. Up to 2.5% of the loan amount along with GST or service tax Rs.50,000 to Rs.15 lakh 1 to 5 Years
Fullerton India 11.99% to 23.99 p.a. Information not provided. Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals 1 to 4 Years
Bank of Baroda 11.35% - 14.35%Fixed Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
Allahabad Bank Information not provided 1.06% of loan amount Information not provided. 1 to 5 Years
Yes Bank 14% p.a. Up to 2% (One-time fee) Rs.2 lakh to Rs.20 lakh 1 to 5 Years
Corporation Bank 12.75% to 13.75% p.a. Up to 1.5% Minimum amount of Rs.500 Up to Rs.3.50 lakh Up to 5 Years

Get low-interest rates

PERSONAL LOAN

Interest Rate 9.99%

+91

Personal Loan Bhopal Fees & Charges – Jul 04 2022

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 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 Bhopal

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

Interest Rate 9.99%

+91

Personal Loan in Bhopal Eligibility Criteria

The personal loan eligibility criteria for both Salaried and Self-Employed 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
ICICI 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%

+91

Salaried Applicants

  1. The minimum age of the salaried applicant who wants to avail of the Personal Loan Bhopal is a minimum of 21 years to a maximum of 60 years.
  2. If the applicant lives in a metropolitan city, the income should be at least 18,000 per month.
  3. If the applicant lives in a Non-metropolitan city, the income should be at least  12,000 per month.
  4. The applicant should have work experience of at least the last three years in the same company.
  5. The salary of the applicant should come to their respective bank accounts only.
  6. A good CIBIL Score is needed as you only get Personal Loan Bhopal based on CIBIL Score. So it should be more than 700.
  7. It is a must to submit the bank statements for the last three months.
  8. The salary slip of the applicant for the last six months is also required if you want to apply for the Personal Loan Bhopal.

Self-Employed Applicants

  1. For the Self-employed  Applicants, the minimum age required is  25 years to a maximum of 65 years.
  2. The applicant should file the ITR for the last three months. It is mandatory.
  3. The ITR should be at least Rs 2.5 lakh per annum.
  4. The Loan will be approved if you have a good credit score, so you should have a good credit score, and your debts should be clear.
  5. If the applicant has a business, then the business should be running for the last three years.

Get to know more about Personal Loan Eligibility here.

PERSONAL LOAN

Interest Rate 9.99%

+91

Why Apply for Personal Loan Bhopal?

  1. There is no requirement to deposit any security to the bank.
  2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
  3. The amount of a personal loan depends upon the individual’s salary.
  4. A Personal Loan does not need any guarantor or nominee.

How to apply for a Personal Loan in Bhopal?

  1. It is a trouble-free process, applying for the Personal Loan Bhopal.
  2. Visit our official site at www.dialabank.com.
  3.  Then fill the online application form for the Personal Loan.
  4.  Fill in your contact number and e-mail online. It is mandatory.
  5.  You will get a call back automatically within 24 hours from our Relationship Manager as you fill the form.

PERSONAL LOAN

Interest Rate 9.99%

+91

Processing Fees / Prepayment Charges on Personal Loan Bhopal

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

If you want to foreclose your loan before the loan tenure, every lending foundation charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. After that, the charges depend on the loan tenure period left for a loan. These charges vary from 4% of the loan amount in the 2nd year to 2% in the 4th year.

Personal Loan EMI Calculator Bhopal

Equated Monthly Installments are called EMI, which means you pay the monthly repayment for the loan amount you have borrowed.  Based on your profile, the interest rate on your loan is fixed. Your EMI is calculated by the bank’s personal loan Interest Rate you are charged, the loan amount you have to take, and the loan tenure period.

CIBIL Score required for Personal Loan Bhopal

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Bhopal. However, most institutions require a minimum CIBIL score of 750 for your loan processing.

Apart from the CIBIL score, the detailed behavior noted by the institutions on the previous loans you have taken. This includes details on the type of loan taken and the loan amount. Any delayed payments for previous loans will act as an obstacle to getting a personal loan.

PERSONAL LOAN

Interest Rate 9.99%

+91

Personal Loan Bhopal Agents/Broker

Dialabank is the leading agent for availing Personal Loan in Bhopal. You can visit an online platform and apply at www.dialabank.com or call at 9878981166.

Dialabank helps you find out the best option for Banks and NBFCs by presenting you with a detailed market comparison of different banks to make the right decision. Visit the website www.dialabank.com and fill a simple form using your details. Our customer relationship managers will come in contact with you.

Personal Loan Bhopal Contact Number

Call 9878981166 and get approval for Instant Personal Loan in Bhopal.

Pre Calculated EMI Table for Personal Loan Bhopal

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 Bhopal

Personal Loan Bhopal

Bhopal is the capital city of the largest state in India, Madhya Pradesh. It is also famously known as the City of Lakes because of numerous artificial and natural lakes present across the city with lush greenery.

FAQs About Personal Loan Bhopal

What is Personal Loan Bhopal Interest Rate?

The Personal Loan Bhopal will provide you with a loan at a @10.75% per annum rate with the lowest EMI; if you pay more than this EMI, you can go for a balance transfer.  You can pay back your loan in 12 months to 48 months.

What is Personal Loan Bhopal Eligibility?

You can apply for the Personal Loan Bhopal if you are a citizen of India. It would help if you were above the age of a minimum of 21 years to a maximum of 58 years. Both salaried and self-employed applicants can apply.

How to apply online in Personal Loan Bhopal?

For the best services, go on Dialabank‘s website and fill the form which requires your necessary details. You will get a call from our side within 24 hours, and we will guide you for the best offers. The contact number which is working is mandatory.

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