Best Banks for Personal Loan in Jamnagar
1% - 2.5% of the Loan Amt
Personal Loan in Jamnagar Features
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Personal Loan Details
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| Interest Rate |
10.75% to 24% p.a.
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| Processing Fees | 0.5-2.5% |
| Loan Tenure |
1 year to 5 years
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| Pre-closure Charges | 2% - 5% |
| Guarantor Requirement |
No guarantor required
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A personal loan can be availed without any mortgage or collateral; it is a type of unsecured loan which needs a good CIBIL score to avail it. There is also an advantage of personal loans, which is to use the money as you want to, wherever you want to. So get all your personal loan query clear and apply now on Dialabank.
Personal Loan Jamnagar Interest Rates – Apr 20 2024
The interest rates in a Personal Loan depend on the company’s profile and a person’s salary. The interest rate of personal Loan starts @10.75% per annum.
| Name of the Bank | Interest Rate Range | Processing Fee Range | Loan Amount | Tenure |
| Private 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 |
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Jamnagar Fees & Charges – Apr 20 2024
| Bank | Processing Fee |
Prepayment Charges
|
| HDFC Bank Personal Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 3 months
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| Axis Bank Personal Loan | 0.50% to 1.50% | Nil |
| Private Bank Personal Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 9 months
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| 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.
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| 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 Jamnagar
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 PAN Card Voter’s ID Aadhar Card Driving License |
| Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
| Income Proof |
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)
Form 16 |
| Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
| 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.
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| Existing Loans (if any) |
Payment Track Record & Sanction letter
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| Photograph |
One coloured passport size photograph
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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 PAN Card Voter’s ID Aadhaar Card Driving License |
| Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
| Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
| Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
| Income 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 |
| Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
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| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
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| Existing Loans (in case any) |
Payment Track Record and sanction letter
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| Professional Degree Certificate |
In case of professionals
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| Photograph |
One coloured passport size photograph
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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 Job contract 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) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
| Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
| Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
| Photographs |
Passport size photographs
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Know More About: Personal Loan Eligibility Criteria
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Jamnagar Eligibility Criteria
Click here to know everything about personal loan eligibility
| Particulars | Salaried | Self-Employed |
| 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 |
Self-employed individuals
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| 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 |
| Residential Status |
Resident Indian staying in own house or a rented house
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*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*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)
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| SBI | Up to 76 years | NA** | Rs.15,000 |
| HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
| Private | 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
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| 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* |
| Canara Bank | 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
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| 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
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants
- The minimum age of the individual should be only 21 years, and the maximum age of the individual should be up to 60 years.
- Should have work experience of the three years and salary should be received in their accounts only with min. Pay of INR 25,000 per month and excellent credit history and job location shall also be mentioned.
Click here to know more details about a personal loan for Salaried Applicant.
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years with min. Thee income of Rs. 2.5 lakh p.a and good credit score and should file ITR for the last three years.
- If it is a business, then the business should have been running for the past three years.
- Submit his financial and his bank statement of the previous three months as documents.
Click here to know more about: personal loan for self-employed Applicant
Why Apply for a Personal Loan in Jamnagar?
- No need to deposit any collateral to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of a personal loan depends on the individual’s income.
- A Personal Loan does not need any guarantor or nominee.
How to apply for a Personal Loan in Jamnagar?
- Visit the top personal loan provider Dialabank.
- Go to the loan section immediately and click on the personal loan link.
- Then the applicant will be directed to all details of the personal loan needed.
- Choose your preferred city according to your wish.
- For more information and free guidance, you may call anytime on this number 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan in Jamnagar
Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary from 1% of the sanctioned loan amount. If you wish to close your loan before the agreed loan tenure, every banking 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 amount of personal loan in the 2nd year to 2% in the 4th year of the loan.
To know about the interest rate,e click on the personal loan interest rate
Personal Loan EMI Calculator Jamnagar
Equated Monthly Installments, also known as EMI, are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the suitable interest rate on your loan is also determined. Your Equated Monthly Installments are calculated using the personal loan EMI calculator based on the Interest Rate you are charged by the bank, the amount of loan you have to take, and the period for which you enjoy the loan.
CIBIL Score required for Personal Loan Jamnagar
Every banking institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application Jamnagar. However, most institutions usually require a minimum score of just 750 to process your loan application.
The institutions don’t just look at the overall CIBIL score and credit history but also the detailed behaviour of the previous loans. This includes details on all the types of amounts borrowed. Any delayed payments for these can act as a barrier to your availing of a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Jamnagar Agents/Broker
Dialabank, the best personal loan agent, gives Personal Loan in Jamnagar.
You can apply online at Dialabank or just give a call at this number 9878981166
Dialabank helps you find the best option for 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 Jamnagar Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan in Jamnagar by us.
Pre Calculated EMI Table for Personal Loan Jamnagar
Click hereto calculate your personal loan EMI calculator easilyr
About Jamnagar
Jamnagar is a city in the west of India, in the state of Gujarat. On an island in Lakhota Lake, Lakhota Palace and Museum is a former ancient fort that exhibits weapons, sculptures, and pottery from the 9th to 18th centuries. At Bala Hanuman Temple, the Rama Naam prayer has been chanted beautifully and continuously since 1964. To the northeast, the marshlands of Khijadiya Bird Sanctuary got the attraction of spotted deer, painted storks, and migratory birds
FAQs About Personal Loan Jamnagar
✅ Are there any other charges involved in Personal Loan Jamnagar?
Yes, there are 2 types of charges:
Processing Fee: For every bank or lending institution you borrow from, there is a small fee of 1% that they charge from the customer.
Pre-closure Charges: To close a running loan before its agreed tenure period, the Banks charge an extra amount known as pre-closure charges on the borrowed loan amount, which depends upon how many years has your loan been completed before you decide to close it completely.
✅ Can my application for Personal Loan Jamnagar get rejected due to my CIBIL score?
Low CIBIL score, bad credit history, not paying dues, and debt can get your personal loan application rejected.
✅ Who can apply for a Personal Loan in Jamnagar?
People having a regular income source and a good source from employment or business, and also they need the money and can pay the loan interest amount within the signed tenure.
✅ What is the tenure of a Personal Loan in Jamnagar?
Most banks provide personal loans for up to 3 to 5 years, while some exceptions are there for 7 years; all this is decided before completing the loan application.
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