Personal Loan Dharwad

Best Banks for Personal Loan in Dharwad

Personal Loan Dharwad Features

A personal loan is a kind of loan in which you borrow money from a bank or non-banking financial company to fulfil your particular needs. It is an unsecured loan. In a personal loan, you don’t need to pledge anything to the bank. One can easily afford a personal loan if he has a good source of income.

1. There is no need to put any property or asset as collateral to the lender.
2. It involves simple procedures and fast Loan approvals.
3. There is no need to provide a cosigner to avail of this loan.
4. The amount borrowed can be used for almost all financial problems of life.

Personal Loan in Dharwad Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents required for Personal Loan in Dharwad

Salaried Customers:

1. Identity proof (Aadhar card/driving license)
2. Salary slips of last three months
3. Bank statements for the last 6 months
4. PAN Card
5. Residence Proof (Owned/Rented/Company provided)
6. Passport-sized photographs – 2

*NOTE: In the case of rented apartments, a rent agreement needs to be attached.

Self-Employed Customers:

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

Personal Loan Dharwad Eligibility Criteria

Personal Loan Eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicant:

1. Firstly the age of the applicant should be more than 21 years.
2. Secondly, if the borrower is residing in a metropolitan city should have a minimum income of Rs 18,000. And if the person is from a non-metropolitan city, he should have a minimum salary of Rs 12,000.
3. The borrower should have work experience for the recent three years, and the salary should come in their account only.
4. If a person is applying for a personal loan, then he must have a good credit score. The CIBIL score should be 750+.
5. The documentation process is easy. First, the applicant has to submit their bank statement for the last three months and the salary slip for the last six months.

Self-employed Applicant:

1. If a person is self-employed, then the age of the applicant should be 25 years.
2. The applicant should file ITR for the last three years.
3. The credit score of the applicant should be good, and no debt should be left due.
4. The ITR in which the applicant files should be of Rs 2.5 lakhs per annum at least.
5. And the applicant has a business that his business should have been running for the last three years.

Why Apply for Personal Loan Dharwad?

1. There is no need to deposit any mortgage and collateral 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 repayment of individual income and capacity.
4. A Personal Loan does not require any guarantor or nominee.

How to apply for a Personal Loan in Dharwad?

Applicants don’t need to visit the bank’s branch to apply for an Instant Personal Loan Dharwad, as they can apply for it online at DialaBank.com.

1. Visit Dialabank
2. Go to the loan section and click on the personal loan link.
3. The applicant will be directed to all personal loan details where they can choose their preferred city.
4. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan in Dharwad

Every Bank and NBFC charges a fee for processing your Personal Loan Dharwad application. The processing fee for getting a personal loan in Dharwad is 1% of the loan amount.

If you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that, the charges vary depending on how many years the loan has been done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Dharwad

Equated Monthly Installments, also known as EMI, are the monthly fixed charges you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate the bank charges you, the amount of loan you have to take, and the period you enjoy the loan.

To calculate your EMI: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Dharwad

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

The institutions look at the overall score and the detailed behaviour on the previous loans taken. 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 of a fresh loan.

Personal Loan Dharwad Agents

Dialabank is the leading agent for availing Instant Personal Loan in Dharwad.

You can apply online at Dialabank or give a call at 9878981166.

Personal Loan Dharwad Contact Number

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

Pre Calculated EMI Table for Personal Loan Dharwad

About Dharwad

It is the district headquarters of Dharwad district in Karnataka state. Dharwad was originally merged with the city of Hubballi in 1961 and form the twin cities of Hubballi-Dharwad. The name Dharwad was derived from the Sanskrit word ‘dwarawata’: ‘dwara’ means ‘door’, and ‘wata’ means ‘town.’