Personal Loan Katwa

⋆ Interest Rate 9.99% ⋆

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Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
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About Personal Loan Katwa

personal loan katwa

What would you do if you were in urgent need of funds to overcome a sudden financial requirement? Do not worry, avail a personal loan and meet all your financial needs.

A personal loan is a type of unsecured loan that a person can avail based upon their monthly income and CIBIL score without the need to keep any collateral security with the lender. The amount tendered in a personal loan can be used for any personal need unlike other loans such as a home loan or a car loan that are very particular in nature. 

Personal Loan Katwa Eligibility Criteria

The eligibility criteria for both Salaried and Self-Employed is different:

Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age: 60 years.
  3. The applicants shall have a work experience of at least three years.
  4. They shall be receiving their salary in a bank account.
  5. The applicants shall have a good credit history and CIBIL score.

Self-Employed Applicants

  1. Minimum age: 25 years.
  2. Maximum age: 65 years.
  3. The applicant shall be filing ITR for the last three years.
  4. If the applicant is a businessman, then the business should at least be running for the past three years.
  5. The credit score of the individual applicant should be good.
  6. There shall not be any pending debt or dues.
  7. The annual income of the applicant should be a minimum of Rs 2.5 lakh.

Personal Loan Katwa Documents

Common Documents for all applicants

  • Identity Proof: Following documents are accepted as identity proof
    1. Passport
    2. Voter ID card
    3. Aadhaar card
    4. Ration card
    5. Driving license
  • Residence Proof: Following documents are accepted as residence proof
    1. Passport
    2. Voter ID card
    3. Aadhaar card
    4. Ration card
    5. Driving license

If the applicant lives in a rental apartment then they shall submit their registered rental agreement and electricity bill which shall be on their name and addressed to the owner.

  • Under KYC, every applicant has to mandatorily submit their PAN card.
  • Two colored passport-sized photographs (Applicants shall not be wearing any glasses).

Financial Documents for Salaried Applicant – The salaried applicants need to submit their salary slip of the past three months and bank statement of the last six months.

Financial Documents for Self Employed – A self-employed applicant of the personal loan should be filing ITR for at least the last three years, and their business should be registered.

Personal Loan Katwa Interest Rate

Personal loan interest rates depend upon the loan amount tendered, tenure of the loan, and the CIBIL score of the applicant. In general, the personal loan rate of interest starts at 10.75% per annum.

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

Personal Loan Katwa Apply Online

  • Visit Dialabank
  • Fill in your details in the personal loan form.
  • Our relationship manager will call you and assist you through the entire process.

Processing Fee / Prepayment Charges on Personal Loan Katwa

These are two extra charges which banks might charge you on your loan.

A processing fee is a minimal charge taken by the banks and NBFCs to process your loan. It varies from bank to bank but usually amounts to about 1% to 2.5% of your outstanding loan amount.

A prepayment fee is charged by the banks if you want to prepay your loan i.e. pay it before the tenure ends. For this, banks charge a minimal fee which ranges from 2% to 4% of your outstanding loan amount.

When comparing loan offers, make sure you include both of these charges in your calculation to accurately know which offer you should go for.

CIBIL Score required for Personal Loan Katwa

A CIBIL score refers to your repayment history and shows the banks whether you are a trustworthy borrower or not. The score measure goes as follows:

Below 550 – poor

550 to 700 – fair

700 to 750 – good

above 750 – excellent

While CIBIL score requirements might vary from bank to bank, most lenders would require you to have a score of 750 and above to lend you a personal loan.

In case you haven’t availed of a loan before, it does not mean your CIBIL score is 0. In this case, you can show the papers of any rented property under your name such as an apartment to show that you are regular in your payments.

personal loan at 10.75%*

About Katwa

Katwa is a city and a municipality in the Purba Bardhaman district of the Indian state of West Bengal. It is the headquarters of the Katwa subdivision.

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