Personal Loan Kapurthala

Best Banks for Personal Loan in Kapurthala

Personal Loan in Kapurthala Features

A simple and safe scheme, a Personal Loan is a type of loan offered by almost all major banks and NBFCs which can be used for monetary support at any time. Personal Loan Kapurthala is an unsecured loan that doesn’t require the applicant to pledge any security or collateral against the sanctioned amount and can be utilized for any purpose as you like. Avail Personal Loan through DialaBank in just a few minutes.

Personal Loan Kapurthala Interest Rates

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

Documents for Personal Loan Kapurthala

Salaried Customers:

1. Address Proof (Owned/Rented/Company provided)
2. 2 passport size photo (colored)
3. Salary slips of the last three months of the applicant
4. Bank statements for the last six months should be submitted
5. PAN Card
6. Proof of identity (Aadhar card/driving license)

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

Self-Employed Customers:

1. 2 passport size photo (colored)
2. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
3. Address Proof (Owned/Rented/Company provided)
4. PAN Card
5. Proof of identity (Aadhar card/driving license)

Personal Loan in Kapurthala Eligibility Criteria

The personal loan eligibility criteria for both Salaried and Self-Employed vary in the following way:

Salaried Applicants

1. The borrower must be at least 21 years of age and a maximum of 60 years of age.
2. The applicants should have a minimum of 3-year work experience and should receive the salary in their account.
3. The borrower should have a decent credit history.
4. The job location of the applicant should be mentioned.

Self-Employed Applicants

1. A self-employed applicant must be at least 25 years
2. The applicants applying for the personal loan must file ITR for the previous three years.
3. The business should be running for the previous three years if the borrower is a businessman.
4. Applicants have to submit his financial and his bank statement for the last three months.
5. A good CIBIL score is a must.
6. Minimum Rs 2.5 lakh of annual income is required for loan approval

Check about eligibility here: Personal Loan Eligibility

Why Apply for Personal Loan Kapurthala?

1. No restrictions to the use of loan amount as it is a multi-purpose loan
2. The amount of a personal loan depends upon the repayment of individual income and capacity.
3. Banks do not require any collateral or security deposit
4. Does not require any guarantor or nominee.

How to apply for Personal Loan Kapurthala?

1. Visit Dialabank and apply without wasting any time
2. Click on Personal Loan in the loan section
3. The applicant needs to fill in their details regarding salary, income, and other personal information.
4. Our relationship manager will then get in touch for further assistance

Processing Fee / Prepayment Charges on Personal Loan Kapurthala

Banks charge around 1% of the sanctioned loan amount as a Personal Loan Kapurthala processing fee of your loan application.

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. After that, the charges differ based on how many years the loan has been completed. 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 Kapurthala 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. The interest rate on your loan is determined based on your income, profile, and CIBIL score. Therefore, your EMI is calculated basis 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.

Get to know more about EMI Calculator: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Kapurthala

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

The banks don’t simply look at the general score yet besides analysis on the previous loan taken. This remembers subtleties for the kind of credit taken and the sum obtained. So any deferred installments for past credits can go about as an obstruction to your profiting a new loan.

Personal Loan Kapurthala Agents

DialaBank is the leading platform for availing of Instant Personal Loan in Kapurthala. You can apply online at Dialabank.

Personal Loan Kapurthala Contact Number

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

Pre Calculated EMI Table for Personal Loan Kapurthala

About Kapurthala

Also known as Paris of Punjab, Kapurthala was founded by Rajput Clans of Jaisalmer in the 11th Century. It is a city in the state of Punjab famous for its architecture and gardens all around.

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