Best Banks for Personal Loan in Machilipatnam
1% - 2.5% of the Loan Amt
Personal Loan in Machilipatnam Features
Has a financial situation put you in a state of dilemma? Is your monthly budget stumbling? Don’t worry, apply for a personal loan today and sort out your finances. A personal loan is a type of unsecured loan that a person can avail based upon their salary and CIBIL score without the need to keep any collateral security with the lender.
A personal loan Machilipatnam is an unsecured loan that provides financial aid to the customers at some interest rates.
Any of your personal requirements can be fulfilled by personal loan Machilipatnam at very low and affordable interest rates.
Personal Loan Machilipatnam Interest Rates and Charges
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
0.01
Nil
Andhra Bank Personal Loan
Nil
Nil
Personal Loan Machilipatnam Documents Required
Salaried Customers:
- Identity proof (Aadhar card/driving license)
- Salary slips of last three months
- Bank statements for the last 6 months
- PAN Card
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
*NOTE: In case of rented apartments, rent agreement needs to be attached.
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhar Card
- Residence Proof
- Two passport-sized photographs
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Machilipatnam Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
- The applicants must have the work experience of the three years. And the salary should be received in their accounts only.
- The applicants must have an excellent credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan should file ITR for the last three years.
- If the applicants are the businessman, then the business should be running from the past three years.
- The credit score of the individual applicants should be good .there should not be any debt or dues left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- 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.
Why Apply for Personal Loan Machilipatnam?
- There is no need to deposit any mortgage and collateral security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of personal loan depends upon the repayment of individual income and capacity.
- A Personal Loan does not require any guarantor or nominee.
How to apply for Personal Loan Machilipatnam?
- Visit Dialabank
- Go to the loan section and click on the personal loan link.
- The applicant will be directed to all details of the personal loan where they can choose their preferred city.
- For more information and free guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Machilipatnam
Every Bank and NBFC charges a fee for processing your Personal Loan Machilipatnam application. These charges are 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 4th year of the loan.
Personal Loan Machilipatnam EMI Calculator
Equated Monthly Installments also know as EMI are the monthly fixed charges that 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 Machilipatnam
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Machilipatnam. Most institutions require a minimum score of 750 to process your loan application.
The institutions don’t just look at the overall score but also the detailed behavior 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
Interest Rate 9.99%
Personal Loan Machilipatnam Agents
Dialabank is the leading agent for availing Personal Loan in Machilipatnam. You can apply online at Dialabank or give a call at 9878981166
Dialabank helps you to find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can 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 Machilipatnam Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan in Machilipatnam.
Pre Calculated EMI Table for Personal Loan Machilipatnam
About Machilipatnam
Machilipatnam is also known as Masulipatnam and Bandar, is a city in Krishna district of the Indian state of Andhra Pradesh. It is a municipal corporation and the administrative headquarters of Krishna district. It is also the Mandal headquarters of Machilipatnam Mandal in the Machilipatnam revenue division of the district.
The ancient port town served as the settlement of European traders from the 16th century, and it was a major trading port for the Portuguese, British, Dutch, and French in the seventeenth century. During the 17th century, it was known by the names Masulipatnam, in the local Telugu language, Masuli/Machili means fish and Patnam means city Masula and Bandar, translates to port in Farsi language.