Personal Loan Kottakkal

Major Personal Loan Providers in Kottakkal

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 Kottakkal

Personal Loan Kottakkal Features

Do your Financial constraints hold you back from fulfilling your desires? Well then, Dialabank with the sizzling deals on a personal loan got you covered from loan processing to queries resolving.

Personal Loan Kottakkal is the individual loan that brings you the easiest documenting procedure along with cost-effective interest rates. The financial institutions just require a good credit history that becomes an advantageous point to get loan amount sanctioned easily.

Moreover, there is no such end-use restriction on the use of the personal loan amount. You can use this loan amount in whatever way you wish to.

In order to apply for a personal loan, Kottakkal click on Personal Loan

Personal Loan Kottakkal 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 Kottakkal

Essential documents required for availing Personal Loan in Kottakkal:

Salaried Customers:

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

*NOTE: In case of rented apartments, rent agreement is needed to be attached.

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 for identity verification
  4. Proof of residence
  5. Two passport-sized photographs are mandatory.
personal loan at 10.75%*

Eligibility Criteria for Personal Loan Kottakkal

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 should have an excellent credit history.
  3. The applicant must have work experience of at least three years. The salary should have been transferred in their accounts only.
  4. The location of the applicant’s job should be stated.
  5. The borrower must have a minimum income of INR 25,000 p.m.

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. If the applicant is a businessman, then the business is required to be efficiently running from the last 3 years.
  3. The applicant applying for the personal loan should have been filing ITR for the past three years.
  4. The credit score of the applicant should be good and there must not be any debt or dues pending.
  5. The yearly income of the applicant should be a minimum of Rs 2.5 lakh.
  6. The whole document verification process of the personal loan requires the applicants to submit his financial and his 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 Kottakkal?

  1. There is no requirement of depositing any mortgage or collateral as a security to the bank.
  2. A personal loan is a manyfold loan, thus it can be put to use 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. for security.

How to apply for Personal Loan Kottakkal?

  1. Visit this website: Dialabank
  2. Then, navigate to the loan section and go to 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.
personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Kottakkal

All Banks and NBFCs charge a certain fee for processing a Personal Loan application. The Personal Loan Kottakkal 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 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 personal loan interest rate

Personal Loan Kottakkal EMI Calculator

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 on the basis of the Interest Rate bank charges you with and the loan amount you have to take and the period for which you take the loan.

CIBIL Score required for Personal Loan Kottakkal

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

personal loan at 10.75%*

Personal Loan Kottakkal Agents

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

Dialabank assists you to look for the best option of Banks and NBFCs by giving you access to an in-detail market comparative analysis of various banks to help you pick the right one. Visit our website www.dialabank.com and fill out a simple form with the details of personal and employment data. Our customer relationship managers will be in touch with you shortly.

Personal Loan Kottakkal Contact Number

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

Pre Calculated EMI Table for Personal Loan Kottakkal

Click here for 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

About Kottakkal

Kottakkal is a municipal town in the Malappuram district in Kerala, southern India having 32 wards. It is located 12 km southwest of Malappuram, the district headquarters, and 14.5 km from the Tirur Railway Station. The National Highway 66 separates the municipality from the Edarikode grama panchayat on some parts to the west.

FAQs About Personal Loan Kottakkal

Who can apply for a Personal Loan in Kottakkal?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Kottakkal.

What is the tenure of Personal Loan in Kottakkal?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which 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 installments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Kottakkal?

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

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. The Personal Loan Kottakkal processing fee is 1% of the 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 completed before you decide to pre-close it.

Can my application for Personal Loan Kottakkal 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 result in decreasing your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.