Personal Loan Kotkapura

Major Personal Loan Providers in Kotkapura

Personal Loan Kotkapura Features

Are you running short on cash? Do not worry. A personal loan is available for you. This loan is unsecured in nature with minimal documentation and less paperwork. This loan can get approved within 48 hours after the verification process.

Personal Loan Kotkapura is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan, the applicant needs to have a rigid and good income source and a good credit history.

Furthermore, there is no end-use restriction on the use of the personal loan amount. Therefore, you can use this loan amount anywhere you want to do.

Personal Loan Kotkapura Interest Rates

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

Documents for Personal Loan Kotkapura

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 the case of rented apartments, a 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

Eligibility Criteria for Personal Loan Kotkapura

The personal loan eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicants

1. The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
2. The applicants must have work experience of three years. And the salary should be received in their accounts only.
3. The applicants must have an excellent 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- 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 should file ITR for the last three years.
3. If the applicants are the businessman, then the business should be running from the past three years.
4. The credit score of the individual applicants should be good .there should not be any 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 – Self-employed Applicant

Why Apply for Personal Loan Kotkapura?

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

How to apply for Personal Loan Kotkapura?

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

Processing Fee / Prepayment Charges on Personal Loan Kotkapura

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

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. Post that, the charges vary depending on how many years the loan has been done. 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 Kotkapura EMI Calculator

You can use a personal loan EMI calculator to calculate your EMIs. 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.  Based on your profile, the interest rate on your loan is determined. Then, your EMI has calculated the basis of the Interest Rate the bank charges you, the amount of loan you have to take, and the period you enjoy the loan.

CIBIL Score required for Personal Loan Kotkapura

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

The institutions look at the overall score and the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.

Personal Loan Kotkapura Agents

Dialabank is the leading agent for availing Personal Loan in Kotkapura. You can apply online at Dialabank or give a call at 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 Kotkapura Contact Number

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

Pre Calculated EMI Table for Personal Loan Kotkapura

About Kotkapura

Kot Kapura is a historical city in the Faridkot district, some 50 km from Bathinda, 40 km from Moga and 30 km from Muktsar in Punjab, India. It is the largest city in the Faridkot district and has a large cotton market. It takes around 15 minutes by bus from Faridkot, 4 hours by road from Chandigarh and 2.0 hours from Ludhiana, and 8 hours from New Delhi by train to reach the city. It is a central city on route to Ganganagar, Ludhiana, Bathinda, Firozpur, etc. Kot Kapura takes its name from its founder, Nawab Kapur Singh, and the word “Kot”, meaning a small fort – literally the “fort of Kapura”. The city is known for its “Dhodha” and “Atta Chicken”.

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