Personal Loan Chengannur

Major Personal Loan Providers in Chengannur

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	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 Chengannur Features

Is your bank balance the major reason to not fulfill your needs? Don’t worry with Dialabank you get the option of the easiest personal loan which you can avail to make your ends meet. Such loans are approved easy financing for personal requirements with the less complex procedure and simple repayment options.

The applicant gets a hand on the loan amount within 48 hours of the application followed by the amount proceeding.

Personal Loan Chengannur gives money related guide help to all clients at a moderate just as a financially savvy loan fee. To get a Personal Loan, the candidate is required to have a similarly more grounded and trustworthy wellspring of pay and furthermore a genuinely decent record as a consumer profile.

Also, there exists no stated end-use restriction on the use of the personal loan amount. This loan amount can be used in whatever way wanted.

In order to apply for a personal loan, Chengannur click on Personal Loan

Personal Loan Chengannur 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
Private 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 for Personal Loan Chengannur

Salaried Customers:

1. Identity proof can be (Aadhar card/driving license)
2. Statements for the salary of the past three months of the applicant
3. Bank statements for the last 6 months of the applicant
4. PAN belonging to the applicant
5. Proof for Residence of the borrower (Own/Rent/Company provided)
6. Passport-size photograph – 2 of the applicant

*NOTE: If one lives in rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

1. All financial statements are required that are (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card belonging to the borrower
3. Aadhar card of the applicant
4.  Proof of address
5. Passport-sized photographs- 2

Eligibility Criteria for Personal Loan Chengannur

The personal loan Eligibility criteria are stated as follows : 

Salaried Applicants

1. The age group of the applicant should belong to a min of  21 years or a max of 60 years.
2. The candidate must have a working understanding of in any three years. The compensation should be mentioned in their records as they were.
3. The applicant must possess an outstanding credit history.
4. The location of the applicant’s job should be mentioned in the documents.
5. The borrower should earn a minimum of at least INR 25,000 p.m.

Click here to know more about a personal loan for- Salaried Applicant

Self-Employed Applicants

1. The age of the applicant should belong to a min 21 years and a max of 60 years.
2. The applicant applying for a personal loan should have been filing ITR for the past three years. In case the applicant is a businessman, then the business is required to be running well from the last 3 years.
3. The credit score of the applicant should be good and there must not be any debt or any dues pending.
4. The yearly income of the applicant should be no less than Rs 2.5 lakh.
5. The entire document verification process for personal loan approval requires the applicants to submit their financial statements and their bank statement for the past three months.

Click here to know more about the personal loan for– Self-employed Applicant

Why Apply for Personal Loan Chengannur?

1. There exist no strict rules for depositing any mortgage or collateral as a security to the bank.
2. A personal loan is a kind of flexible loan, so it can be put into use for any kind of issue.
3. The amount of personal loans is totally based on the repayment capacity of the applicant.
4. With this kind of loan, one does not require any third party as a guarantor.

How to apply for Personal Loan Chengannur?

1. Visit us on our website: www.dialabank.com.
2.  The link  will direct you to the detailed information of the personal loan where you can pick your city. For more information and free guidance, please call 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Chengannur

All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost varies between 1.5% to 2.5% of the sanctioned loan amount.

On the off chance that you wish to close your credit before the chose advance residency, all loaning establishments will charge you a punishment as a prepayment expense. Typically, you won’t be permitted to close your credit before the time of a year. Post that, the charges vary dependent on the number of years the advance has finished. This charge changes from 4% of the rest of the advance sum in the second year to 2% in the fourth year of the credit.

To know about the interest rate click on personal loan interest rates

Personal Loan Chengannur EMI Calculator

Equated Monthly Installments or EMI implies a monthly fixed rate that you are needed to pay to the bank as monthly repayment for the loan amount which is secured. According to your profile, the rate of interest on your loan is set. The EMI on your loan is calculated depending upon the Rate bank charges you with and the loan amount you have to take and the period for which you take the loan.

A Personal loan EMI Calculator can be helpful in understanding the proposed terms of the loan offered by a bank or NBFC.

CIBIL Score required for Personal Loan Chengannur

All the lending institutions have their own criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Chengannur. Mostly, the institutions need a minimum score of at least 750 to further process an application.

No institution only looks at the overall score. They also look at an elaborated view of the previous loans. The details include the type of loans and the amount of money that was borrowed. If there exists any delay in the payments of the previous loans, it may hinder the approval of the present loan.

Customers can take a free CIBIL score check beforehand, for a better understanding.

Personal Loan Chengannur Agents

Dialabank is one of the leading agents for availing Personal Loan in Chengannur. You can easily apply online at www.dialabank.com or give a call at 9878981166

Dialabank assists you to look for the best option of Banks and NBFCs by giving you access to an in-detail market comparative analysis of various banks to help you pick the right one. Visit our website www.dialabank.com and fill out a simple form with the details of personal and employment data. Our customer relationship managers will be in touch with you shortly.

Personal Loan Chengannur Contact Number

Call 9878981166 and get timely assistance and approval for a Personal Loan in Chengannur.

Pre Calculated EMI Table for Personal Loan Chengannur

Click here for personal loan EMI calculator

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

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About Chengannur

Chengannur is one of the closest developing municipal towns in the Alappuzha district of the state of Kerala in South India. It is located in the extreme eastern part of the Alappuzha district, on the banks of Pamba River. Chengannur is 117 kilometers north of the state capital Thiruvananthapuram on the MC Road.

FAQs About Personal Loan Chengannur

Who can apply for a Personal Loan in Chengannur?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Chengannur.

What is the tenure of Personal Loan in Chengannur?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly installments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Chengannur?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Chengannur:

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount.

Pre-closure Charges: If you want to close a running loan before its decided tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary depending on how many years has your loan completed before you decide to pre-close it.

Can my application for Personal Loan Chengannur get rejected due to my CIBIL score?

Personal Loan, being an unsecured loan, one of the most significant decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t leave or delay any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections occur because of a low CIBIL Score.