Personal Loan Lunawada

Major Personal Loan Providers in Lunawada

Personal Loan Lunawada Features

Are you running out of cash? You need not worry. A personal loan is very much available for you. This loan may take up to 48 hours to get approved following the process of verification.

Personal Loan Lunawada is a loan that gives financial assistance to customers at affordable and cost-effective interest rates. In order to get a Personal Loan, the applicant is required to have a strong and reliable source of income and also good credit history.

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, Lunawada click on Personal Loan

Personal Loan Lunawada Interest Rates

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

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

Documents for Personal Loan Lunawada

Essential Documents required for personal loan Lunawada:

Salaried Customers:

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

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

Self-Employed Customers:

1. All financial statements are needed (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card belonging to the applicant
3. Aadhar card of the applicant
4. Residence Proof
5. Two passport-sized photographs

Eligibility Criteria for Personal Loan Lunawada

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 must have work experience of at least three years. The salary should have been transferred in their accounts only.
3. The applicant should have an excellent credit history.
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 Customers

1. The age of an independent person should be at least 25 years.
2. The applicant applying for the personal loan should have been filing ITR for the past three years.
3. If the applicant is a businessman, then the business is required to be efficiently running for the last 3 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 Lunawada?

1. No requirement for the mortgage or collateral for security purposes.
2. A personal loan is a multifold loan, 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 require any third-party guarantor for approval.

How to apply for Personal Loan Lunawada?

1. Visit this website: www.dialabank.com.
2. Then, navigate through 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.

Processing Fee / Prepayment Charges on Personal Loan Lunawada

Every Bank and NBFC charges a fee for processing your Personal Loan Lunawada application. These charges are 1% of the 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 4th year of the loan.

CIBIL Score required for Personal Loan Lunawada

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

No institution only looks at the overall score. They also look at an elaborated view of the previous loans. The details include the type of loans and the amount of money that was borrowed. If there exists any delay in the payments of the previous loans, it may hinder the approval of the present loan.

Personal Loan Lunawada Agents

Dialabank is one of the leading agents for availing Personal Loan in Lunawada. You can easily apply online at www.dialabank.com 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 Lunawada Contact Number

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

Personal Loan Lunawada 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. You can use personal loan EMI calculator to calculate your EMIs.

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

Pre Calculated EMI Table for Personal Loan Lunawada

About Lunawada

Lunawada is a town in the Mahisagar, former in the Northern part of the Gujarat state of India. Lunawada is the administrative headquarters of the Mahisagar district and one of the most developing towns of central Gujarat.

FAQs About Personal Loan Lunawada

✅ Who can apply for a Personal Loan in Lunawada?

The individual facing a financial crisis with a constant earning source (from employment or business) can apply for a Personal Loan in Lunawada.

✅ What is the tenure of Personal Loan in Lunawada?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. Exceptionally, 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 Lunawada?

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

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 amount of processing fee varies for each lending institution and 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 Lunawada 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.