1% - 2.5% of the Loan Amt
1% - 2.5% of the Loan Amt
Personal Loan Cuttack Features
Personal Loan Details
10.75% to 24% p.a.
1 year to 5 years
|Pre-closure Charges||2% - 5%|
No guarantor required
Personal Loan Cuttack will solve any issues of your life and removes the financial burden from your shoulders.
Some of the benefits of Personal Loan Cuttack are:
- Avail when you are having an immediate need for financial help.
- Minimum documentation required.
Personal Loan Cuttack Interest Rates- Jan 18 2022
|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 Cuttack Fees & Charges – Jan 18 2022
|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 Cuttack
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
|Address Proof (Any one)||
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
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)
|Residence Ownership Proof (Any one)||
|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
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
|Address Proof (Any one)||
Utility Bill (telephone, water, electricity, gas) – less than 2 months old
|Proof of Residence Ownership (Any one)||
|Proof of Office Address and Ownership (Any one)||
|Proof of Business Existence (Any one)||
Copy of GST registration
Company registration license
Shop establishment 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
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
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
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)||
Voter ID card
School leaving certificate
|Address Proof (Any one)||Passport
|Income Proof (Any one)||
Last 6 months’ bank statements/salary slips
Copy of pension payment order
Income tax returns
Passport size photographs
Know More About: Personal Loan Eligibility Criteria
Eligibility Criteria for Personal Loan Cuttack
Personal Loan Eligibility criteria for both Salaried and Self-Employed are different:
|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||
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|
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
*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*|
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
- The minimum age of the applicant should be 21 years and maximum of up to 60 years.
- If the borrower should have a salary of minimum Rs.18,000 per month
- The borrower must have the work experience of the last three years, and the salary should come in their account only.
- The person must have a good CIBIL score. The documentation process for Personal Loan Cuttack is straightforward; they have to submit their bank statement of the last three months and the salary slip of the previous six months.
To know more about: Personal Loan for Salaried Applicant
- The self-employed person’s age should be minimum of 25 years.
- The applicant should file ITR at least for the last three years.
- And the applicant is a businessman than his business should be running from the last three years.
- The age of the applicant should be 25 years.
To know more about: Personal Loan for Self-employed Applicant
Why Apply for Personal Loan Cuttack?
- The Loan amount depends upon the income and repayment capability of the applicant.
- No cosigner needed for Personal Loan Cuttack.
- Personal Loan does not require any guarantor or nominee.
How to apply for Personal Loan Cuttack?
To apply for an Instant Personal Loan Cuttack, Applicants don’t need to visit the bank’s branch as applicants can apply for it online at DialaBank.com. The process is very easy & handy. This involves only a few steps:
- Click here and fill the form.
- Relationship Manager Will Call applicant in Next 2 Working Hours.
- Compare personal loan offers from several banks and NBFCs on the DialaBank website.
- Check the eligibility and View the best offers available.
- Select the desired bank or keep in contact with the Relationship Manager of DialaBank for more assistance.
- After your documents are verified, the bank’s executive will give the applicant a verification call.
- The amount will get disbursed to the applicant’s account within 3-5 working days if the loan gets approved.
Processing Fee / Prepayment Charges on Personal Loan Cuttack
Every Bank and NBFC charges two kinds of fees from its customers. The first is a fee for processing your Personal Loan application. These charges are 1% of the sanctioned loan amount.
Personal Loan Cuttack EMI Calculator
The Personal loan EMI Calculator can be used to know your EMI value on your loan amount. Equated Monthly Installments also know as EMI are the monthly charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, income, loan amount, and tenure the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank which is required to be paid every month.
CIBIL Score required for Personal Loan Cuttack
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Cuttack.
- Most institutions require a minimum score of 750 to process your loan application.
- This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
Personal Loan Cuttack Agents
Dialabank helps you in comparing various banks and NBFCs so that you can avail of the best offers available according to your need. DialaBank is your best agent available for a Personal Loan in Cuttack. Our relationship manager will ensure you get the best loan at the lowest possible interest rate with hassle-free documentation. The reason behind choosing DialaBank as your agent is:
- We do not charge you for our services and its free.
- The loan gets disbursed within 24 hours of applying with us.
- Our relationship manager guides and assists you through the entire process.
Personal Loan Cuttack Contact Number
Call 9878981166 and get instant help and approval for Instant Personal Loan in Cuttack.
Pre Calculated EMI Table for Personal Loan Cuttack
Cuttack is the former capital and the second-largest city in the Indian state of Odisha. Cuttack experiences a tropical wet and dry climate. Cuttack has many temples and religious places. Many festivals are celebrated in Cuttack.
Other Personal Loan Cities in Odisha
|Personal Loan Chhendipada||Personal Loan Cuttack|
|Personal Loan Damanjodi||Personal Loan Deogarh|
|Personal Loan Dhokata||Personal Loan Goudgop|
|Personal Loan Jahanpur||Personal Loan Jajpur|
FAQs About Personal Loan Cuttack
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 Cuttack.
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 instalments within the agreed tenure of the loan.
Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Cuttack:
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 personal loan Cuttack processing fee is 1% of the loan amount.
Pre-closure Charges: Whenever you want to close a running loan before its agreed 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.
Since Personal Loan is an unsecured loan, one of the most important 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 skip 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 happen due to a low CIBIL Score.
Table of Contents
- 1 Major Personal Loan Providers in Cuttack
- 2 Personal Loan Cuttack Features
- 3 Personal Loan Cuttack Interest Rates- Jan 18 2022
- 4 Personal Loan Cuttack Fees & Charges – Jan 18 2022
- 5 Documents Required for Personal Loan in Cuttack
- 6 Eligibility Criteria for Personal Loan Cuttack
- 7 Check Personal Loan Eligibility with Top Lenders in 2021
- 8 Why Apply for Personal Loan Cuttack?
- 9 How to apply for Personal Loan Cuttack?
- 10 Processing Fee / Prepayment Charges on Personal Loan Cuttack
- 11 Personal Loan Cuttack EMI Calculator
- 12 CIBIL Score required for Personal Loan Cuttack
- 13 Personal Loan Cuttack Agents
- 14 Personal Loan Cuttack Contact Number
- 15 Pre Calculated EMI Table for Personal Loan Cuttack
- 16 About Cuttack
- 17 FAQs About Personal Loan Cuttack