About Personal Loan Mahabubnagar
A personal loan helps you with all your financial needs, be it a medical emergency, educational purpose, wedding, and other festive occasions, or any other personal reason.
A personal loan is the best option if you need funds for urgent needs or a short period .it can be availed for any purposes. A personal loan is a type of loan that is available for you whenever you need it. No matters where you spend your money Dailabank customized a personal loan for you.
Dialabank offers Personal Loans offer fast processing of your loan. Personal Loans can be used for plenty of purposes!
Well, now you do not have to worry about it because we at Dialabank can help you out. This type of loan is not only of an unsecured nature with very fewer documents needed with even lesser paperwork and also now you don’t need to borrow money from relatives, friends, or family, or to show that you are lacking funds when you can get approved loan in 48 hours with the following process of verifications.
A personal loan is a type of long term unsecured loan; that is, there is no need to put any of your assets as a collateral to avail this loan and neither do you need to be in haste to return it. Your income and credit score are the main criteria that determine your loan amount and eligibility.
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 may differ among banks the basic steps of getting a loan are as follows:
- Search for the appropriate bank
- Documentation and Application Form Filling
- Loan Process Begin
- Loan Disbursal
The demand for Personal loans is increasing day by day and so is the interest rate offered by all the possible banks in the area. The rates are 1% but differ between various lending institutions.
Eligibility Criteria for Personal Loan Mahabubnagar
The eligibility for a personal loan are mentioned below:
Salaried Applicants:
- Age: The applicant’s age must be 21 years or above.
- Salary: The salary of the person living in metropolitan cities must be 18,000 or above and for people living in other urban towns or cities must be 15,000 or above.
- Amount of loan: The amount that is sanctioned to an applicant depends on his net salary.
- CIBIL Score: While giving credit to a customer, his CIBIL Score is kept at priority.
- Location: Another important factor while considering eligibility criteria is the applicant’s location. The candidate will get a loan from the banks located near his current location only.
- Company’s Profile: Company’s profile in which the customer is working also plays a vital role.
Self-Employed Applicants:
- Type of Company: Whether the company is on proprietorship based or owned by two or more than two people.
- Company’s Profit: This includes the turn-over of the company.
- Age of Company: In this, the bank checks the lifespan of the company, that tells it about the origination of the company(how old the company is).
- Finances: Company’s financials are considered at priority.
- CIBIL Score: The history of the person’s bank profile is tracked with the help of CIBIL Score, so this is very important.
Rate of Interest for Personal Loan Mahabubnagar
The rate of interest depends on the person’s profile and also where he works. In the case of a self-employed person, his company’s lifespan is considered.
| 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 |
| Private 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 | 0.01 | Nil |
| Andhra Bank Personal Loan | Nil | Nil |
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Documents Required for Personal Loan Mahabubnagar
Salaried Applicants:
- Last three months salary slips
- Previous six months bank statements
- PAN Card
- Adhar Card
- Residence Proof (Owned/Rented/Company’s Apartment)
- Two passports sized photographs
*NOTE: In case of rented apartments, rent agreement is to be attached.
Self-Employed Applicants:
- All financials are considered
- Last 2-3 Years ITR
- PAN Card
- Adhar Card
- Residence Proof
- Two passports sized photographs
How to Apply for Personal Loan Mahabubnagar?
- Visit Dialabank
- Fill personal loan form
- Our relationship manager will call back and assist you
Why Dialabank?
- We respond to our customer’s queries promptly.
- Safe, Secure, and Reliable Service.
- Best Offers and Deals.
- We provide you with personalized assistance with proper guidance.
How to apply for Personal Loan Mahbubnagar?
- Visit this website: www.dialabank.com.
- \hen, go to the loan section and go to the personal loan link. It will direct you to the detailed information of the personal loan where you can pick your city. For more information and free guidance, please call 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Mahbubnagar
All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost is 1% of the sanctioned loan amount.
If you wish to close your loan before the decided loan tenure, all lending institutions will be charging you a penalty as a prepayment fee. Usually, you will not be allowed to close your loan before a period of 12 months. Post that, the charges differ based on the number of years the loan has completed.
To know about the interest rate click on personal loan interest rate
Personal Loan Mahbubnagar EMI Calculator
Equated Monthly Installments or EMI implies a monthly fixed rate that you are needed to pay to the bank as monthly repayment for the loan amount which is secured. According to your profile, the rate of interest on your loan is set. The EMI on your loan is calculated depending upon the Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan.
CIBIL Score required for Personal Loan Mahbubnagar
All the lending institutions have their criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Mahbubnagar. 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
Interest Rate 9.99%
Personal Loan Mahbubnagar Agents
Dialabank is one of the leading agents for availing Personal Loan in Mahbubnagar. 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 Mahbubnagar Contact Number
Call 9878981166 and get timely assistance and approval for a Personal Loan in Mahbubnagar.
Pre Calculated EMI Table for Personal Loan Mahbubnagar
Click here for a personal loan EMI calculator
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 Mahbubnagar
Mahbubnagar is a city in Mahbubnagar District of the Indian state of Telangana named after the 6th Nizam, Mir Mahbub Ali Khan. It is the headquarters of Mahbub Nagar Mandal in Mahbub Nagar’s revenue division. The city is also the largest in the district with an area of 39.64 km² and 7th most populous in the state
FAQs About Personal Loan Mahbubnagar
✅Who can apply for a Personal Loan in Mahbubnagar?
People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Mahbubnagar.
✅What is the tenure of Personal Loan in Mahbubnagar?
Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. 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 Mahbubnagar?
Yes, there are 2 types of charges that one needs to pay to avail a personal loan in Mahbubnagar:
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 normally 1% of the loan amount.
Pre-closure Charges: If you want to close a running loan before its decided 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 Mahbubnagar get rejected due to my CIBIL score?
Personal Loan, being an unsecured loan, one of the most significant decision criteria for getting your 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 leave or delay 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 occur because of a low CIBIL Score.
Personal Loan in Other Cities of Telangana
| Personal Loan Metpalle | Personal Loan Miryalaguda |
| Personal Loan Mugpal | Personal Loan Munpalle |
| Personal Loan Nadepalle | Personal Loan Nakrekal |
| Personal Loan Nalgonda | Personal Loan Narasampet |
