Personal Loan Kumbakonam

Best Banks for Personal Loan in Kumbakonam

Personal Loan in Kumbakonam Features

A Personal Loan is an unsecured loan in which there is no involvement of any of the customer’s assets as collateral. It requires a basic documentation process to fulfil the eligibility criteria.

A personal loan can be availed to fulfil either of the demands such as money to build a house, pay medical charges, children’s education, etc. other than these there can be several personal needs that can be sorted out with the help of personal loans. Personal finance is instant finance, which a person can avail within 48-72 hours with minimal documentation required purposes.

Personal Loan in Kumbakonam Interest Rates and Charges

• The starting, 10.75% rate of interest, is granted on Personal Loan Kumbakonam.
• The interest rates on these loans can be changed based on the amounts of the loan, time period, and the applicant’s profile.
• The fee for processing is between 0.2% to 2.00% of the loan amount.
• The rate of interest can be changed with the help of the following.
• A good CIBIL score should be to the applicant to get a low rate of interest.
• Nature of Employment – If the applicant is an employee of the reputed company or the government, he can get the lower rates for these loans.

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

Personal Loan in Kumbakonam Documents Required

Salaried Customers:

1. Identity proof (Aadhar card/driving license)
2. Salary slips of last three months
3. Bank statements for the last six months
4. PAN Card
5. Residence Proof (Owned/Rented/Company provided)
6. Passport-sized photographs – 2

*NOTE: In case of rented apartments, 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

Personal Loan in Kumbakonam Eligibility Criteria

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 maximum up to 60 years.
2. The applicants must have the work experience of the 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 individual applicants’ credit score 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 bank statements of the previous three months.

Click here to know more – Self-employed Applicant.

Why Apply for Personal Loan Kumbakonam?

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 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 Kumbakonam?

1. Visit www.dialabank.com.
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 Kumbakonam

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

In case 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 done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the loan’s 4th year.

Personal Loan Kumbakonam EMI Calculator

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. Your EMI is calculated using personal loan EMI calculator basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Kumbakonam

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

The institutions don’t just 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 a fresh loan.

Personal Loan in Kumbakonam Agent and Contact Number

Dialabank is the leading agent for availing Personal Loan in Kumbakonam. You can apply online at www.dialabank.com or give a call at 9878981166

Dialabank helps you find the best option of 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.

Call 9878981166 and get instant help and approval for Personal Loan in Kumbakonam.

Pre Calculated EMI Table for Personal Loan Kumbakonam

About Kumbakonam

Kumbakonam is located in the Thanjavur district in the Indian states of Tamilnadu. Kumbakonam is a special grade municipality in Thanjavur district. This was also called the temple city.

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