Personal Loan Katni

Major Personal Loan Providers in Katni

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 Katni Features

Personal Loan KatniDo you need money? Are you facing short of funds for marriage or wedding celebrations? If so here is the solution. We are offering personal loans which are there to provide you funds to fulfil your immediate requirements.

Personal loans Katni are that unsecured loan that can be provided without any security or collateral. There is only a need to be eligible for a personal loan. 

The applicant can easily get a personal loan Katni if the credit history or CIBIL score is as per eligibility standards.

Personal Loan Katni 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 Katni

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

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Eligibility Criteria for Personal Loan Katni

The Personal Loan Eligibility criteria for both Salaried individuals  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 work experience near about three years. And the salary should be credited to their self accounts only.
  3. The applicants must have an acceptable 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 Katni should file ITR for the last about three years.
  3. If the applicants are the businessman, then the business should be running from near about three years.
  4. The credit score of the individual applicants should be good .there should not be any outstanding 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 his bank statement of the previous three months.

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

Why Apply for Personal Loan Katni?

  1. The amount of personal loan Katni depends upon the repayment of individual income and capacity.
  2.  No need to deposit or held any mortgage and collateral security to the bank.
  3. A personal loan is a multi-purpose offer loan. It can be used for any urgent need related to finance.
  4. A Personal Loan does not require any guarantor or nominee.

How to apply for Personal Loan Katni?

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

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Processing Fee / Prepayment Charges on Personal Loan Katni

Every Bank and NBFC charges a fee for processing your Personal Loan Katni application. The Personal Loan Katni processing fee is 1% of the sanctioned Personal loan amount.

In case you wish to foreclose your Personal loan Katni before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close or end your loan before 12 months. Post that the charges vary depending on how many years the loan period is provided. These charges vary from 4% of the outstanding Personal loan amount in the second year to 2% in the 4th year of the loan.

Personal Loan Katni EMI Calculator

Equated Monthly Installments also know 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 interest rate on your Personal loan Katni is determined. Your EMI is calculated using Personal Loan EMI Calculator basis the Interest Rate the bank charges you and the amount of Personal loan Katni you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Katni

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Katni. Most institutions or Banks require a minimum score of 600 to 750 to process your Personal loan Katni application.

The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed on any loan. Any delayed payments for previous Personal loans can act as a barrier to your availing a fresh loan.

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Personal Loan Katni Agents

Dialabank is the leading agent for availing Personal Loan Katni. You can apply online by visit at Dialabank or give a call at this number 9878981166

Dialabank helps you to find the best option of Personal loan Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice. Visit our website or type on Web browser Dialabank and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you and provide you with assistance to get the best offers on personal loan Katni.

Personal Loan Katni Contact Number

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

Pre Calculated EMI Table for Personal Loan Katni

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 Katni

Katni is a place or town on the banks of the Katni River in Madhya Pradesh, India. It is the administrative headquarters of Katni District. It is in the Mahakoshal region of central India. The city is 90 km from the divisional headquarters of the region, Jabalpur

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