Personal Loan Katra

Major Personal Loan Providers in Katra

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	0.12
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 Katra Features

Are you running out of cash? You need not worry. A personal loan is very much available for you. This loan is not only of an unsecured nature with the least required documentation and even lesser paperwork. This loan may take up to 48 hours to get approved following the process of verification.

Personal Loan Katra is a loan that gives financial assistance to customers at affordable and cost-effective interest rates. To get a Personal Loan, the applicant is required to have a strong and reliable source of income and also good credit history. On the bright side, there exists no money usage restriction. One can use this loan amount in whatever way you wish to. To apply for a personal loan, Katra clicks on Personal Loan.

Personal Loan Katra 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
Private 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	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 for Personal Loan Katra

Salaried Customers:

1.  ID proof (Aadhar card/driving license)
2. Slips for salary for the past three months of the applicant
3. Statement of Bank for the last 6 months
4. PAN Card of the applicant
5. Proof of Residence (Own/Rent/Company provided)
6. Two Passport-size photograph

*NOTE: In the case of rented apartments, a rent agreement must be submitted with the rest of the documents.

Self-Employed Customers:

1. All financial statements are needed (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar card of the applicant
4. Proof of residence
5. Two passport-sized photographs

Eligibility Criteria for Personal Loan Katra

Click here to know more about personal loan eligibility.

Salaried Applicants

1. The minimum age of the applicant should not be less than 21 years or more than 60 years.
2. The applicant possesses employment experience of at least three years. Therefore, the salary should have been transferred to their accounts only.
3. The applicant should have an excellent credit history.
4. The location of the applicant’s job should be stated with the mentioned documents.
5. The borrower must have a minimum income of INR 25,000 every month.

Click here to know more about a personal loan for- Salaried Applicant

Self-Employed Applicants

1. The age of an independent person should be at least 25 years.
2. The applicant applying for the personal loan should have been filing ITR for the past three years.
3. If the applicant is a businessman, the business must be efficiently running for the last 3 years.
4. The applicant’s credit score should be good, and there must not be any debt or dues pending.
5. The yearly income of the applicant should be at least Rs 2.5 lakh.
6. The whole document verification process of the personal loan requires the applicant to submit his financial and bank statement of the previous three months.

Click here to know more about the personal loan for– Self-employed Applicant.

Why Apply for Personal Loan Katra?

1. There is no requirement of depositing any mortgage or collateral as a security to the bank.
2. A personal loan is a multidimensional loan; thus, it can be used for all the issues related to money.
3. The amount of personal loans is solely based on the repayment capacity of the individual.
4. A Personal Loan does not need any nominee or guarantor.

How to apply for Personal Loan Katra?

1. Visit Dialabank
2. Then, navigate to the loan section and visit the personal loan link.
3. You will be directed to the detailed information of the personal loan where you can pick your city.
4. For further information and free guidance, feel free to call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Katra

All Banks and NBFCs charge a certain fee for processing a Personal Loan application. The Personal Loan Katra processing fee is 1% of the sanctioned loan amount.

If you wish to foreclose your loan before the decided loan tenure, all lending institutions ought to charge you a penalty as a prepayment fee. Mostly, you are not allowed to close your loan before 12 months. After that, the charges differ based on how many years the loan has been completed. This charge varies from 4% of the remaining loan amount in the 2nd year to 2% in the 4th year of the loan.

To know about the interest rate, click on the personal loan interest rate.

Personal Loan Katra EMI Calculator

You can use a personal loan EMI calculator to calculate your EMIs. Equated Monthly Installments or EMI is a monthly fixed charge that you are required to pay to the bank as monthly repayment for the loan amount which is borrowed. Depending on your profile, the rate of interest on your loan is set. The EMI on your loan is calculated based on the Interest Rate the bank charges you, the loan amount you have to take, and the period you take the loan.

CIBIL Score required for Personal Loan Katra

All the lending institutions have their own criteria for a minimal CIBIL score needed to process a Personal Loan application in Katra. Mostly, the institutions need a minimum score of at least 750 to process an application further.

No institution only looks at the overall score. They also look at an elaborated view of the previous loans.

Personal Loan Katra Agents

Dialabank is one of the leading agents for availing Personal Loan in Katra. You can easily apply online at Dialabank or give a call at 9878981166

Dialabank assists you with a team of well-versed managers who instantly get in touch with you.

Personal Loan Katra Contact Number

Call 9878981166 and get timely assistance and approval for a Personal Loan in Katra.

Pre Calculated EMI Table for Personal Loan Katra

Click here for a personal loan EMI calculator

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

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About Katra

As it is popularly known, Katra or Katra Vaishno Devi is a small town in the Reasi district in the union territory of Jammu and Kashmir, India, situated in the foothills of the Trikuta Mountains, where the holy shrine of Vaishno Devi is located. It is located 42 km from the city of Jammu.

FAQs About Personal Loan Katra

✅ Who can apply for a Personal Loan in Katra?

Individuals who are in instant need of cash and possess a regular source of income (from employment or business) can apply for a Personal Loan in Katra.

✅ What is the tenure of a Personal Loan in Katra?

Most banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. However, there are a few Banks that 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 Katra?

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

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. For example, the Personal Loan Katra processing fee is 1% of the sanctioned 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 been completed before you decide to pre-close it.

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

Since a 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, as that will decrease your CIBIL score. Applicants often face rejection due to low CIBIL scores.

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