Personal Loan Gwalior

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Personal Loan in Gwalior

Feature
HDFC Bank
ICICI 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 in Gwalior Features

personal loan gwalior

Personal Loans Gwalior are provided to solve your immediate financial needs such as you may need funds for marriage celebrations

This loan provides flexibility in the use of funds as per your needs. The loan is provided to those individuals who are having good CIBIL scores or good credit transaction history.

Personal Loan Gwalior is an unsecured loan that provides financial aid to the customers at affordable interest rates. To get a Personal Loan Gwalior, the applicant needs to have a stable and good source of income and has a good credit history.

Furthermore, there is no end-use restriction on the use of the personal loan Gwalior amount. You can use this Personal loan amount anywhere you want to pay.

Personal Loan in Gwalior 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
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
1%
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 Gwalior

Salaried Customers:

  1. Identity proof (Aadhaar 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 case of rented apartments, 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. Aadhaar Card
  4. Residence Proof
  5. Two passport-sized photographs

personal loan at 10.75%*

Personal Loan in Gwalior Eligibility Criteria

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

Salaried Applicants

  1. The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
  2. The applicants must have the work experience of the 3 years.
  3. The applicants must have a clean or good credit history.
  4. The job location of the applicant should be mentioned.
  5.  A borrower should have a minimum income of INR 25,000 per month

Click here to know more about- Personal Loan Salaried Applicant

Self-Employed Applicants

  1. The minimum age requirement for an independent person should be 25 years.
  2. The applicants applying for the personal loan Gwalior should file ITR for the last 5 years.
  3. If the applicants are the businessman, then the business should be efficiently running from the past three years.
  4. The credit score of the individual applicants should be good or valid
  5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  6. The whole documentation process of the personal loan Gwalior is the applicants have to submit his financial and his bank statement of the previous three months.

Click here to read more –Personal loan Self-employed Applicant

Why Apply for Personal Loan in Gwalior?

  1. There is no need to provide or deposit any Asset mortgage and collateral security to the bank.
  2. A personal loan Gwalior is a multi-purpose offer loan.
  3. The amount of personal loan Gwalior depends upon the repayment of individual income and capacity.
  4. A Personal Loan Gwalior does not require any guarantor or nominee.

How to apply for Personal Loan in Gwalior?

  1. Visit www.dialabank.com.
  2. Select the loan section and click on the personal loan link.
  3. The applicant will be shown to all details of the personal loan where they can choose their preferred city.
  4. For more details and free guidance, you may call on this number 9878981166.

personal loan at 10.75%*

Processing Fees/Prepayment Charges on Personal Loan in Gwalior

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

In case you want to foreclose your loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, you cannot close or wind up your loan before 12 months. Post that the charges vary depending on how many years the Personal loan has done or the period of personal loan Gwalior. These charges vary from 4% of the outstanding Personal loan amount in the 2nd year to 2% in the fourth year of the loan.

Personal Loan EMI Calculator Gwalior

Equated Monthly Installments also known as EMI are the monthly fixed charges that you pay to the bank for the loan amount borrowed.  Based on your profile, the interest rate on your Personal loan Gwalior is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of personal loan you have to take and the period for which you enjoy the Personal loan Gwalior. The Personal Loan EMI Calculator as follows:

CIBIL Score required for Personal Loan Gwalior

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Gwalior. Most institutions require a minimum score of 650 to 750 to process your loan application.

The institutions also check out the detailed behavior on the previous loans taken. This includes details on the type of Personal loan taken and the amount borrowed from the bank. Any delayed payments for previous loans can create an obstacle to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Gwalior Agents/Broker

Dialabank is the leading agent for availing Personal Loan Gwalior. You can visit online at www.dialabank.com or have a call at 9878981166

Dialabank helps you to find the best option of Banks and NBFCs by providing you with the best offers after a detailed market comparison of different banks so that you can make the right choice of personal Loan Gwalior. Go to the website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch or have a call with you.

Personal Loan Gwalior Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Gwalior

Pre Calculated EMI Table for Personal Loan Gwalior

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 Gwalior

Gwalior is a city of the Indian state of Madhya Pradesh. It’s known for its temples and places, including the Sas Bahu Ka Mandir intricately carved Hindu temple. Old Gwalior Fort occupies a sandstone plateau overlooking the city and is accessed via a winding road lined with sacred Jain statues. Within the fort’s high walls is the ancient 15th-century Gujari Mahal Palace, now it’s an archaeological museum.

FAQs About Personal Loan Gwalior

Who can apply for a Personal Loan in Gwalior?

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 Gwalior.

What is the tenure of Personal Loan in Gwalior?

Most of the Banks and NBFCs offer a Personal Loan for a minimum period of 1 Yr and a maximum period of 5 Years. There are some Banks which expand the maximum period to 7 Years also. The tenure is determined and cannot be extended. You have to pay your loan amount in equal monthly installments within the agreed tenure of the loan.

✅ Are there any other charges involved in Personal Loan Gwalior?

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

Processing Fee: For every lending institution that you borrow from, a fee is charged from the customer known as Processing Fee. The amount of processing fee alters for each lending institution and is normally 1%  of the loan amount.

Pre-closure Charges: Whenever you wish to close a running loan before its agreed tenure duration, the Banks and NBFCs charge a supplementary amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary on how many years has your loan completed before you decide to pre-close it.

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

Since Personal Loan is a not secured loan, one of the important criteria for getting your Personal Loan application approval is your CIBIL Score. Having a good CIBIL score becomes extremely important if you wish to get 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.

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