Personal Loan Mandsaur

Best Banks for Personal Loan in Mandsaur

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	0.12
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 Mandsaur Features

Are you losing money? You don’t really need to stress. A Personal Loan is very much necessary for you. Not only is this loan improperly secured in nature, with the least collateral needed and much less reporting. However, it may take up to 48 hours for this loan to get accepted regarding the authentication system.

Personal Loan Mandsaur is a loan that offers and cost-effective bond yields to individuals requiring federal aid. To get a credit line, the banks must have a clear and stable amount of livelihood and decent credit background. 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. To apply for a personal loan Mandsaur, click on Personal Loan.

Personal Loan Mandsaur Interest Rates

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 for Personal Loan Mandsaur

Salaried Customers:

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

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

Self-Employed Customers:

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

Eligibility Criteria for Personal Loan Mandsaur

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 location of the applicant’s job should be stated.
3. The borrower must have a minimum income of INR 25,000 p.m.
4. The applicant must have work experience of at least three years. The salary should have been transferred to their accounts only.
5. The applicant should have an excellent credit history.

Click here to know more about a personal loan for- Salaried Applicant

Self-Employed Applicants

1. The age of an independent person should be at least 25 years.
2. The whole document verification process of the personal loan requires the applicant to submit his financial and bank statement of the previous three months.
3. The applicant applying for the personal loan should have been filing ITR for the past three years.
4. If the applicant is a businessman, the business must be efficiently running for the last 3 years.
5. The applicant’s credit score should be good, and there must not be any debt or dues pending.
6. The yearly income of the applicant should be a minimum of Rs 2.5 lakh.

Click here to know more about the personal loan for– Self-employed Applicant.

Why Apply for Personal Loan Mandsaur?

1. There is no requirement of depositing any mortgage or collateral as a security to the bank.
2. A Personal Loan does not need any nominee or guarantor.
3. A personal loan is a multidimensional loan. Thus it can be put to use for all the issues related to money.
4. The amount of personal loans is solely based on the repayment capacity of the individual.

How to apply for Personal Loan Mandsaur?

1. Visit Dialabank
2. Then, navigate to 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 Mandsaur

Many banks and NBFCs charge a certain amount for approving a Personal Loan transaction. This penalty will change from 1.5 percent and 2.5 percent of the balance of the loan permitted.

Both commercial banks can owe you a premium as a fixed rate fee if you plan to liquidate your loan before the determined loan tenure. Although, you are not authorized to close your loan within 12 months. After that, the costs vary depending on how many years the loan has concluded. This category encompasses from 4% of the original loan left in the 2nd year to 2% in the 4th year of the loan.

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

Personal Loan Mandsaur EMI Calculator

Equated Maintenance Payments or EMI is a recurring fixed fee that you are made to pay to the bank as the total salary on the loan balance which is lent. Based on your application, the rate of return on your loan is calculated. The EMI on your loan is selected based on the Interest Rate the bank rewards you with, the loan balance you have to take, and the duration you take the loan.

CIBIL Score required for Personal Loan Mandsaur

All the lenders have their own requirements for a low CIBIL score required to handle a Personal loan in Mandsaur. Often, to further review a demand, entities maintain a specific score of at least 750.

No entity looks at the total ranking. They also aim at a comprehensive view of past loans. The particulars include the form of loans and the amount of revenue that was obtained. If there occurs some delay in the collections of the previous loans, it can delay the acceptance of the existing loan.

Personal Loan Mandsaur Agents

Dialabank is one of the leading agents for availing Personal Loan in Mandsaur. You can easily apply online at Dialabank or give a call at 9878981166

Dialabank enables you to search for a better choice of Banks and NBFCs by allowing you to access the in-detail industry statistical study of different banks to help you select the correct one. So check out our website www.dialabank.com and fill out a pure concept with personal and job details. Our managed services representatives will be in contact with you immediately.

Personal Loan Mandsaur Contact Number

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

Pre Calculated EMI Table for Personal Loan Mandsaur

Click here for the 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

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About Mandsaur

Mandsaur or Mansour is a city in the Malwa region and district of Madhya Pradesh state of central India. It is the administrative headquarters of the Mandsaur District. The ancient Pashupatinath Temple is located in Mandsaur.

FAQs About Personal Loan Mandsaur

✅ Who can apply for a Personal Loan in Mandsaur?

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 Mandsaur.

✅ What is the tenure of Personal Loan in Mandsaur?

Most banks and financial institutions offer a Personal Loan for a min span of 1 Year and a Max tenure of 5 Years. Some Bankers extend the maximum length to 7 Years too. The tenure is set and can not be expanded. Under the determined tenure of the loan, the servicing needs to be made in similar regular payments.

✅ Are there any other charges involved in Personal Loan Mandsaur?

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

Collection Fee: For any bank or banking company you borrow from, there is a nominal fee that they demand from the client. This is known as the Transaction Fee. For each lending agency, the size of the strategy is derived varies and is typically between 1 percent and 2.5 percent of the amount owed.

Or before-closure Charges: If you want to close a working loan before its negotiated long-run relationship, the Banks and NBFCs charge an extra amount known as pre-closure charges on the loan amount. Commercial countries have varying charges for before the closure. The pre-closure payments differ based on how many years your loan has complete before you choose to pre-close it.

✅ Can my application for Personal Loan Mandsaur get rejected due to my CIBIL score?

As a personal loan is an appreciating asset, your Compost pile is one of the most critical decision criteria for getting your personal loan application accepted. Getting a High Bounce rate becomes definitely important if you plan to avail of a credit line in the future. Ensure you do not miss any of your EMI loan payments or credit card bills, as your Savings account could decrease. Most of the term loan rejections happen due to a low Credit bureaus Ranking.