Personal Loan Indore

⋆ 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
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      Table of Contents

      Major Personal Loan Providers in Indore

      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 Indore Features

      Personal loan Indore

      Personal loan need arises when you are short of funds for various purposes like school fees of children, wedding celebrations, holiday trips, etc.

      These are some days when the person gets some financial problem and cannot meet his/her financial needs. A personal loan is a loan that helps us to solve this kind of financial issues. It is a type of unsecured loan.

      A personal loan Indore allows the buyer to use the money as per their choice. The borrower does not need to keep anything in the bank as collateral. The lender allows the borrower to use the fund as per their wish, making it a flexible loan.

      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 reputed credit history.

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

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

      Personal Loan Indore 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 for Personal Loan Indore

      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 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. Aadhar Card
      4. Residence Proof
      5. Two passport-sized photographs

      personal loan at 10.75%*

      Eligibility Criteria for Personal Loan Indore

      The Personal Loan Eligibility criteria for both 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 three years. And the salary should be received in their accounts only.
      3. The applicants must have an excellent 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 should file ITR for the last three years.
      3. If the applicants are the businessman, then the business should be running from the past three years.
      4. The individual applicants’ credit score should be good .there should not be any debt or dues left.
      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 is the applicants have to submit his financial and bank statements of the previous three months.

      Click here to know more –Personal loan Self-employed Applicant.

      Why Apply for Personal Loan Indore?

      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 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 Indore?

      1. Visit www.dialabank.com.
      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.

      personal loan at 10.75%*

      Processing Fee / Prepayment Charges on Personal Loan Indore

      Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges are 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 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 Indore 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 personal loan  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. The Personal Loan EMI Calculator as follows:

      CIBIL Score required for Personal Loan Indore

      Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Jaipur. 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 a fresh loan.

      personal loan at 10.75%*

      Personal Loan Indore Agents

      Dialabank is the leading agent for availing Personal Loan Indore. You can apply online at www.dialabank.com or give a call at 9878981166

      Dialabank helps you find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks to make the right choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.

      Personal Loan Indore Contact Number

      Call 9878981166 and get instant help and approval for Personal Loan Indore.

      Pre Calculated EMI Table for Personal Loan Indore

      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 Indore

      Indore is a city in west-central India. It’s known for the 7-story Rajwada Palace and the Lal Baag Palace, dating back to Indore’s 19th-century Holkar dynasty. The Holkar rulers are honoured by a cluster of tombs and cenotaphs at Chhatri Baag. The night market Sarafa Bazar sells street food. East is the Indo-Gothic Gandhi Hall and clock tower. The Jain temple Kanch Mandir has a mirrored mosaic interior.

      FAQs About Personal Loan Indore

      Who can apply for a Personal Loan in Indore?

      People who urgently need cash and have a regular income source (from employment or business) can apply for a Personal Loan Indore.

      What is the tenure of Personal Loan in Indore?

      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.

      Are there any other charges involved in Personal Loan Indore?

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

      Processing Fee: For every bank or lending institution you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The processing fee varies for each lending institution and is normally  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.

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

      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 to decrease your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.