Personal Loan Malout

⋆ Interest Rate 9.99% ⋆

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      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
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      Table of Contents

      Personal Loan Malout

      Best Banks for Personal Loan in Malout

      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 Malout Features

      Personal Loan MaloutLooking for a helping hand to rejuvenate financial dents? So end your search here and quickly apply for a Personal Loan. A personal Loan lets you think and spend the amount according to your needs and requirements. Dialabank is the leading agent for availing of Personal Loan Malout.

      It is an unsecured loan that is beneficial to the customers who opt for it. As there is no asset or any of your property involved to be mortgaged with the bank or the NBFC through which you avail the loan. This is advantageous from a borrower’s point of view as he is not at risk of losing any of his assets.

      Personal Loan in Malout Interest Rates and Charges 

      Check the latest interest rates at dialabank for personal loans.

      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 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

      Personal Loan in Malout Documents Required

      Salaried Customers:

      1. Recent passport size photographs
      2. Identity proof: PAN Card or Voter ID card or Driving License or Aadhar Card or your passport.
      3. Residential Proof: Voter ID Card/ Driving License/ Passport/ Rent Agreement/ Water or Electricity Bills
      4. PAN Card
      5. Income Proofs: your income proofs should include your salary slips of the previous six months or your bank account statements where you get your salary.

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

      Self-Employed Customers:

      1. Recent passport size photographs
      2. Identity proof: PAN Card or Voter ID card or Driving License or Aadhar Card or your passport.
      3. Residential Proof: Voter ID Card/ Driving License/ Passport/ Rent Agreement/ Water or Electricity Bills
      4. PAN Card
      5. Income Proofs: If you are a self-employed individual; also your Income Tax Return statements for the last three years are also mandatory.

      personal loan at 10.75%*

      Personal Loan in Malout Eligibility Criteria

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

      Salaried Applicants

      1. Age criteria: 21-60 years of age.
      2. Experience at Work Place: overall experience should be of 3 years and experience of 1 year in the current job.
      3.  Most importantly, you should possess a CIBIL score of more than 700.
      4.  Lastly, a person who gets his salary cash in hand is also not eligible for availing of a personal loan. It would be best if you had your salary slips for proof.

      Self-Employed Applicants

      1. The age of the borrower varies from 25 years to 65 years.
      2.  Should have filed an annual Income Tax Returns of 2.5 to 3 Lakh.
      3.  Residence Proof: Should own an office or house of his own.
      4.  Stability at WorkPlace: Should be owning a financially stable business that is being run for the last three years.
      5. Again, most importantly, they should possess a CIBIL score of more than 700.

      Click here to know more about eligibility: Personal Loan Eligibility criteria.

      Why Apply for Personal Loan Malout?

      1. A Personal Loan does not require any guarantor or nominee for loan approval.
      2. Lending Institutions do not require any mortgage and collateral security as it is an unsecured loan.
      3. The amount of a personal loan depends upon the repayment of individual income and capacity.
      4. A personal loan is a multi-purpose offer loan. It can be used for any purpose.

      How to apply for Personal Loan Malout?

      1. Visit our official website  dialabank
      2. After that, apply for a Personal Loan online.
      3. Please enter your contact details so that we can contact you back.
      4. We are always available on our toll-free number (987898116) to provide you with the right knowledge about loans, interest rates, etc.

      personal loan at 10.75%*

      Processing Fee / Prepayment Charges on Personal Loan Malout

      Every Bank and NBFC charges a fee for processing your Personal Loan application, which generally is 1% of the total loan amount.

      In case you wish to foreclose your loan before the agreed loan tenure, every institution offering personal loan charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Depending on how many years the loan has been done, the charges differ.

      Personal Loan Malout 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. The EMI is calculated on the basis of the Interest Rate, the amount of loan you have to take, and the period for which you enjoy the loan.

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

      CIBIL Score required for Personal Loan Malout

      One of the most significant criteria for banks to allocate loans is the CIBIL score. Generally, banks require a minimum CIBIL score of 750 and above for loan approval.

      The banks and NBFCs 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 of a fresh loan.

      personal loan at 10.75%*

      Personal Loan Malout Agents

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

      Personal Loan Malout Contact Number

      Call 9878981166 and get Instant Personal Loan in Malout.

      Pre Calculated EMI Table for Personal Loan Malout

      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 Malout

      Malout is a town and a municipality council located in Muktsar district, established in southern Punjab, India. It is a famous town in the cotton belt where production per unit area is one of the highest in India.

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