Personal Loan Krishnanagar

About Personal Loan Krishnanagar

What would you do if you are in urgent need of money to overcome a sudden financial requirement? Do not worry and apply for a personal loan to meet all and any of your monetary needs.

A personal loan is a type of unsecured loan that a person can avail of based upon their salary and credit score without the need to keep any collateral security with the lender.

Working capital for your business, setting up a new plant, short term loan for equipment purchase, holiday, home renovation are some of the reasons personal loans are given to her. A personal loan Krishna Nagar may differ among banks the basic steps of getting a loan at Krishnanagar are as follows:

•       Search for the appropriate bank
•       Documentation and Application Form Filling
•       Loan Process Begin
•       Loan Disbursal

The demand for Personal loans are increasing in Krishnanagar day by day and so is the interest rate offered by all the possible banks in the area. The rates range between 9.5 -37% but differ between various lending institutions.

The demand for Personal loans from Krishna Nagar is increasing day by day and so is the personal loan interest rate offered by all the possible banks in the area. The rates range between 9.5 -37% but differ between various lending institutions.

A decent credit score, minimum age as well as a sufficient monthly income are important for getting your loan approved. After you have applied for a personal loan, your credit report containing your credit history and your final credit score is reviewed by the lender. Thus, if the applicant has a good credit score, lenders would give you a personal loan at a low rate of interest and vice versa. 

Eligibility Criteria for Personal Loan Krishnanagar

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

Documents Required for Personal Loan Krishnanagar

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 in their name and addressed to the owner.

• Under KYC, every applicant has to mandatorily submit their PAN card.
• Two coloured passport-sized photographs (Applicants shall be wearing any glasses).

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

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

Personal Loan Krishnanagar Rate of Interest

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.

How to Apply for Personal Loan Krishnanagar?

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

About Krishnanagar

Krishnanagar is a city and a municipality in the Indian state of West Bengal. It is the headquarters of the Nadia district.

Other personal loan cities in West Bengal