Personal Loan Ferozepur

Best Banks for Personal Loan in Ferozepur

Personal Loan in Ferozepur Features

Are you facing cash issues? Do not worry. A personal loan is a great option for you. A personal loan is an unsecured type of loan that demands minimum documentation and low paperwork. Also, this loan can get approved within 48 hours after the verification process.

Personal Loan Ferozepur is an unsecured loan that provides financial aid to customers at affordable interest rates. To apply for a Personal Loan, the applicant needs to have a rigid and good income source and has a good credit history.

To this extent, there is no restriction on the use of the amount of the personal loan. Users can use this loan amount anywhere you want to do.

Personal Loan in Ferozepur Interest Rates and Charges

To apply for a personal loan, Ferozepur click on Personal Loan

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

Personal Loan in Ferozepur Documents Required

Salaried Customers:

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

*NOTE: Rent agreement needs to be attached in case of rented apartments,

Self-Employed Customers:

1. Financials Like (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 in Ferozepur Eligibility Criteria

Click to know further about personal loan eligibility.

Salaried Applicants:

1. Age Limit – 21 to 60 years.
2. The applicants must have a minimum of three years of work experience, and the salary should be received in their personal accounts only.
3. The applicants must be having an excellent credit history.
4. The job location of the applicant needs to be mentioned.
5.  Customers must have an income of at least INR 25,000 per month.

Click to know further about a personal loan for Salaried Applicant.

Self-Employed Applicants:

1. The minimum age should be 25 years.
2. The applicants should have filed ITR for the last three years.
3. The business should be running from the last three years if the applicants are a businessman. 
4. The individual applicants’ credit score needs to be good, and there should not be any debt or dues left.
5. The annual income of the applicants must be at least Rs 2.5 lakh.
6. The entire documentation process of the personal loan includes the applicant submitting his financial and copy of the past three months’ bank statements.

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

Why Apply for Personal Loan Ferozepur?

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 Personal Loan Ferozepur?

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 Ferozepur

Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary between 1% of the sanctioned loan amount.

In case 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 loan’s 4th year.

Personal Loan Ferozepur EMI Calculator

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 you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Ferozepur

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Ferozepur. Most institutions require a minimum score of 750 to process your loan application.

The institutions don’t just 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 Ferozepur Agent and Contact Number

Dialabank is one of the leading agents for availing Personal Loan in Ferozepur. You can apply online at Dialabank or give us a call at 9878981166

Dialabank pledges to help you to find the best option among Banks and NBFCs, giving you a detailed market comparison from different banks so that your users can make the right choice. Visit our website and fill up a simple form, including your personal and employment details. Our customer relationship managers will try to get in touch with you.

Call us at 9878981166 to get instant help and approval for a Personal Loan in Ferozepur.

Pre Calculated EMI Table for Personal Loan Ferozepur

Click here for personal loan EMI calculator

About Ferozepur

Ferozepur, also known as Firojpur or Ferozepur, is a city on the Sutlej River banks in Firozpur District, Punjab, India. It was founded by Sultan Firoz Shah Tughluq (1351–88), a ruler of the Tughluq dynasty, who reigned over the Sultanate of Delhi from 1351 to 1388. As of the 2011 Indian Census, Firozpur had a total population of 110,313.

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