Personal Loan Madanapalle

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Personal Loan in Madanapalle

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 in Madanapalle Features

Personal Loan MadanapalleNeed cash? Planning a holiday trip, for a medical emergency, for wedding purposes or many more you can now do all these things and more without worrying about where the funds will come from. Personal Loan is designed to address diverse money needs in an easy and convenient manner to fulfil your need.

A personal loan is a loan that can be used in multiple ways that can be utilized for fulfilling many purposes. These purposes could be debt repayment, taxes, paying medical bills, and more. Personal finance is instant finance, which a person can avail within 2-3 working days with minimal documentation required.

Personal Loan in Madanapalle Interest Rates and Charges 

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

Personal Loan in Madanapalle Documents Required 

Salaried Customers:

  1. Two passport size coloured photos
  2. The applicant must submit their PAN card, which is an essential document under the KYC formality
  3. Address proof: Passport/voter card/driving license/Aadhar Card/Ration Card
  4. Salaried applicants have to submit their salary slip of the last three months and the bank statements of the last six months

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

Self-Employed Customers:

  1. Two passport size coloured photos
  2. The applicant must submit their PAN card, which is an essential document under the KYC formality
  3. Address proof: Passport/voter card/driving license/Aadhar Card/Ration Card
  4. The self-employed applicant has to submit the ITR of the last three years, and registration of their business should be done.

personal loan at 10.75%*

Personal Loan in Madanapalle Eligibility Criteria

The eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicants

  1. The borrower should have the work experience of the three years.
  2. The applicants should not have any dues left and should have a good CIBIL score
  3. Location of the job of the applicant must be mentioned in the form.
  4. The age of the borrower must be between 21 to 60 years

Self-Employed Applicants

  1. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  2. The applicants applying for the personal loan should file ITR for the last three years.
  3. If the borrower is a businessman, then the business should be running from the past three years.
  4. The credit score of the individual applicants should be excellent
  5. A self-employed applicant must be over 25 years of age
  6. Financial and his bank statement of the previous three months should be provided by the borrower

Click here to know more about eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Madanapalle?

  1. The lender does not require any mortgage or security deposit
  2. A Personal Loan does not require any guarantor or nominee for loan approval
  3. The borrower is free to utilize the loan amount as per his/her wish
  4. The amount of personal loan depends upon the repayment of individual income and capacity.

How to apply for Personal Loan Madanapalle?

  1. Visit dialabank and get the best deals on a personal loan
  2. Select personal loan tab under the loan section
  3. After that, the borrower needs to provide the personal and income details for facilitating the process
  4. Our executives will then guide you further
  5. For more information and free guidance, you may call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Madanapalle

Generally, around 1.5% to 2.5% of the total loan amount is charged to the applicant as a processing fee for the personal loan application processing.

In case anyone wishes to foreclose their loan before the agreed tenure, every bank charges a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Depending on how many years the loan has done the charges differ. 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 Madanapalle 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 the interest rate charged by the bank, the tenure of the loan as well as the amount of loan lent by the bank, EMI is calculated.

Get to know more about EMI Calculator: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Madanapalle

Different banks have their own criteria for the minimum CIBIL score required for processing a Personal Loan application in Madanapalle. Most banks ask a minimum score of 750 for further processing of your loan application.

The institutions don’t just look at the overall score but also 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 at 10.75%*

Personal Loan Madanapalle Agents

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

Personal Loan Madanapalle Contact Number

Call 9878981166 and get Instant Personal Loan in Madanapalle.

Pre Calculated EMI Table for Personal Loan Madanapalle

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 Madanapalle

Madanapallle is a small town in the state of Andhra Pradesh. It is popular across India as it has the biggest tomato market in Asia and is also famous for agricultural products such as mango, groundnut, tamarind, etc.

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