Best Banks for Personal Loan Cheppad
Feature |
HDFC Bank |
Private 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 Cheppad Features
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
|
Personal Loan Cheppad Interest Rates –
The interest rates would depend upon a lot of things such as the CIBIL score, the credit utilization score, the salary of the person etc.
Name of the Bank
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure
Private 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
Personal Loan Cheppad Fees and charges – Apr 25 2024
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 required for Personal Loan Cheppad
Salaried individuals must submit the following documents in addition to a completed personal loan application form: Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form: When applying for a personal loan, NRI candidates are typically required to submit the following documents: When applying for a personal loan, a pensioner must submit the following documents: Know More About: Personal Loan Eligibility CriteriaList of Documents Required for Salaried Applicants
Photo Identity Proof (Any one)
Passport
PAN Card
Voter’s ID
Aadhar Card
Driving License
Address Proof (Any one)
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Aadhaar Card
Driving License
Ration Card
Income Proof
Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one
Form 16
Residence Ownership Proof (Any one)
Maintenance bill
Electricity bill
Proof of Job Continuity (Any one)
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)
Existing Loans (if any)
Photograph
List of Documents Required for Self-employed Applicants
Photo Identity Proof (Any one)
Passport
PAN Card
Voter’s ID
Aadhaar Card
Driving License
Address Proof (Any one)
Aadhaar Card
Driving License
Utility Bill (telephone, water, electricity, gas) – less than 2 months old
Ration Card
Proof of Residence Ownership (Any one)
Maintenance bill
Electricity bill
Proof of Office Address and Ownership (Any one)
Property documents
Electricity bill
Proof of Business Existence (Any one)
Company registration license
Shop establishment proof
Income Proof
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement
Proof of Investment (in case any)
Existing Loans (in case any)
Professional Degree Certificate
Photograph
List of Documents Required for NRI Applicants
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
Identity/Age Proof (Any one)
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)
Bank passbook
Form 16
Copy of pension payment order
Income tax returns
Photographs
Personal Loan Cheppad Eligibility Criteria
*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 *Note: The eligibility criteria vary from lender to lender. *Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
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
Employment/Business Continuity
At least 2 years; minimum 1 year with current employer
5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score
750 and above
750 and above
Residential Status
Click here to know more about - Self-employed ApplicantCheck Personal Loan Eligibility with Top Lenders in 2021
Bank
Age Limit
Minimum Work Experience
SBI
Up to 76 years
NA**
Rs.15,000
HDFC
21 to 60 years
2 years
Rs. 20,000
Private
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**
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.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**
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
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
Learn More about Personal Loan: Click Here
Why Apply for a Personal Loan in Cheppad?
- There is no need to Submit any mortgage and collateral security to the bank.
- A personal loan is a multi-utility loan. It can be used for all the crises related to finance.
- The amount of personal loans relies upon the person’s income and repayment capacity.
Click here to know more- Salaried Borrower
How to apply for a Personal Loan Cheppad?
- Visit www.dialabank.com.
- Go to the loan category and click on the personal loan link.
- The Borrower will enter the main personal loan page that contains all important information regarding personal loans.
- For more knowledge and free advice, you may call on 9878981166.
- About Personal Loan
Personal Loan Cheppad Agents/Broker
It’s extremely important to choose the right vendor who shows you the best and most affordable option for you.
For more information On personal loans and how to get one, contact Dialabank
Dialabank gives you a free consultation on various financial matters. Dialabank has a long list of various loan lenders, their loan products, their charges etc. You can contact Dialabank on 9878981166.
Personal Loan Cheppad contact number
For, instant help and approval call 9878981166, Personal Loan Cheppad.
Pre calculated EMI Table for Personal Loan Cheppad
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 Cheppad
FAQs on Personal Loan Cheppad
✅ Am I eligible for a secured personal loan with no CIBIL score?
Yes, you are. A secured personal loan is a personal loan in which the lender has an asset of yours as security therefore it would be easier for you to qualify for it.
✅What do you mean by loan tenure?
Loan tenure is the period for which you repay the whole loan amount in EMIs.
✅What is Pre-payment?
Sometimes when you have some extra cash, you might think of paying extra than your EMI to pay off the loan faster. This would also reduce your total interest amount since whatever extra you pay would be deducted from the principal. This extra payment is called prepayment.