Personal Loan Burhanpur

⋆ Interest Rate 9.99% ⋆

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

Best Banks for Personal Loan in Burhanpur

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 Burhanpur Features

Personal loan Burhanpur

Demands are never-ending, but the salary is limited, so in such situations, what must a person do to meet his needs? The answer is to take credit. A Personal Loan is all you need in an emergency. As the personal loan is unsecured, so you only have to show salary slips to the banker and some other essential documents. The bank’s primary concern is to see if the applicant is eligible enough to repay it if this fulfills the requirement, then the loan gets approved.

A Personal Loan gives monetary aid to the people for their requirements. This loan constitutes no form of security as collateral. The consumption of money extracted through the loan amount can be utilized as per the needs. As the name suggests, a Personal Loan may be opted by an individual due to an urgent requirement of cash, for example, any medical issue, education purpose, or wedding or to fulfill any of your other personal needs. This is a life-saver option.

You can use this loan amount anywhere you want to do.

Personal Loan in Burhanpur Interest Rates and Charges

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

Personal Loan in Burhanpur Documents Required

Personal loan documents requirement differ for different customers in the following manner:

Salaried Customers:

  1. Identity proof (Aadhar card/driving license)
  2. PAN Card
  3. Residence Proof (Owned/Rented/Company provided)
  4. Salary slips of last three months
  5. Bank statements for the last six months
  6. Passport-sized photographs – 2
  7. In the case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

  1. Residence Proof
  2. Two passport-sized photographs
  3. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
  4. PAN Card
  5. Aadhar Card

personal loan at 10.75%*

Personal Loan in Burhanpur Eligibility Criteria

The personal loan eligibility differs according to 2 categories:

  1. Salaried
  2. Self-employed

There are various eligibility criteria for both applicants:

Salaried Applicants

  1. An applicant applying for the Personal Loan must have a good credit history.
  2. The minimum age of an applicant should be 21 years and maximum of up to 60 years.
  3. The applicant must have three years of work experience, and the salary should be received in their account only.
  4. An applicant has to submit his bank statement of the last three months and salary slip of the previous six months.
  5. An applicant from the metropolitan city should have a minimum income of Rs 18,000. And for the non-metropolitan city, the minimum salary should be Rs 12,000.

Self-Employed Applicants

  1. The minimum amount should be Rs 2.5 lakhs per annum at least.
  2. The applicant applying for a Personal Loan should file ITR for the last three years.
  3. If the applicant is a businessman, then his business should be running at least the last three years.
  4. The age of the applicant is 25 years.
  5. The whole documentation process is straightforward; the applicant has to submit his financials and his bank statement of the previous three months.

Why Apply for Personal Loan Burhanpur?

  1. It is a multipurpose loan which can fulfill all your requirements.
  2. It does not require the borrower’s asset to be kept as security.
  3. The Guarantor is not needed.
  4. Personal Loan Burhanpur will help you to enhance your credit score.
  5. The amount of Personal Loan depends upon the income of the persona and his repayment capabilities.

How to apply for Personal Loan Burhanpur?

Applying for a personal loan in Burhanpur is easy with DialaBank. Get an instant personal loan on applying online with DialaBank. For more information and free guidance, you may call on 9878981166. Just follow the steps below to enjoy a hassle-free experience:

  1. Visit our website Dialabank
  2. Go to the loan section and click on the personal loan link.
  3. The applicant will be required to fill in all the details of themselves.
  4. Click on Request a quote and our relationship manager will soon get in touch with you.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Burhanpur

Every Bank and NBFC charges two kinds of fees for Personal Loans in Burhanpur application.

  1. The processing fee charges are mandatory for every ban/NBFC. These charges vary between 1% to 2.5% of the sanctioned loan amount.
  2. The other is pre-closure charges which are applicable in case you wish to foreclose your loan before the agreed loan tenure. 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.
  3. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan. Unlike the processing fee charges, pre-closure fees are not mandatory.

Personal Loan Burhanpur EMI Calculator

Equated Monthly Installments also know as EMI is the monthly fixed amount that the customer or applicant has to pay to the bank as the loan amount. The applicant is the borrower in such cases, and the bank is the lender. EMI varies according to your loan amount and tenure. You can find the Personal loan EMI calculator on DialaBank’s website.

Paying EMI is easy and hassle-free. You only have to pay a small amount of the loan every month and can enjoy the loan.

CIBIL Score required for Personal Loan Burhanpur

CIBIL Score is the history of your payments that you have done in the past. The CIR (Credit Information Report) is the history of your credit score which checks your account’s history for different loans that you have taken (if any) and the credit card history (if you have).

  1. Mostly a CIBIL score of 750 and above is considered good while applying for a personal loan.
  2. The better the CIBIL score, the easier it becomes to avail the loan.
  3. In the case of 0 or -1 CIBIL score, the bank/NBFC will look into other factors like income, financial stability before providing you with the loan.

personal loan at 10.75%*

Personal Loan in Burhanpur Agent and Contact Number

Dialabank is associated with various banks and NBFCs in Burhanpur that provide personal loans at low-interest rates. Thus, DialaBank is the leading agent for availing Personal Loan in Burhanpur. You can also apply online at Dialabank or give a call at 9878981166.

Our relationship manager will guide you in choosing the best option available in the market. You can also easily compare the banks/NBFCs available to make your choice.

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

Pre Calculated EMI Table for Personal Loan Burhanpur

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 Burhanpur

Burhanpur is a city in the Indian state of Madhya Pradesh. It is the administrative seat of the Burhanpur District. It is situated on the north bank of the Tapti River and 340 kilometers southwest of the state’s capital city of Bhopal. The city is a Municipal Corporation.

 

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