Personal Loan Manjeri

Major Personal Loan Providers in Manjeri

A personal loan is provided by several banks. As its a personal loan you can take that loan for your kinds of stuff. You can take that loan for several purposes like going on vacation, wedding, emergency, home, and for your debit as well.

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.

Personal Loan Manjeri provides financial aid help to all customers at an affordable as well as cost-effective interest rates, and you know what to get a Personal Loan, all the applicant is required is to have a comparatively stronger and dependable source of income and also a fairly good credit history profile.

Also, there exists no stated end-use restriction on the use of the personal loan amount. This loan amount can be used in whatever way wanted.

Why apply for Personal Loan Manjeri?

1. The amount of Loan depends upon the income of the person and his repayment capabilities.
2. Personal Loan Manjeri is a multipurpose loan which can fulfill all your requirements.
3. Does not require the borrower’s asset to be kept as security.
4. The Guarantor is not needed for Personal Loan Manjeri.
5. Personal Loan Manjeri will help you to enhance your credit score.

 Interest Rates on Personal Loan Manjeri

The interest rates in Personal Loan depends upon the company’s profile and salary of a person. The interest rate of personal Loans starts from 10.75% per year.

Eligibility Criteria for Personal Loan Manjeri

Loan Eligibility depends upon several factors such as your credit score, monthly income, and several other ongoing EMIs, etc. There are two categories of applicants:

1. Salaried

2. Self-employed

There are various eligibility criteria for both applicants.

Click here to know more about- EMI Calculator

For Salaried Applicant:-

1. The minimum age of an applicant should be 21 years and a maximum of up to 60 years.
2. An applicant from the metropolitan city should have a minimum income of Rs 18,000. And for the non-metropolitan city, the minimum salary should be Rs 12,000.
3. The applicant must have three years of work experience, and the salary should be received in their account only.
4. An applicant applying for the Personal Loan must have a good credit history.
5. An applicant has to submit his bank statement of the last three months and salary slip of the last 6 months.

Click here to know more about- Salaried Applicant

 For Self-employed Applicant:-

1. The age of the applicant must be 25 years.
2. The applicant applying for a Personal Loan should file ITR for the last three years.
3. The credit score of the applicant must be good.
4. The minimum amount should be Rs 2.5 lakhs per annum at least.
5. If the applicant is a businessman than his business should be running at least from the last three years.
6. The whole documentation process is straightforward; the applicant has to submit his financials and his bank statement of the previous three months.

Click here to know more – Self-employed Applicant

 Documents for Personal Loan Manjeri

1. Identity proof: One should have these following documents with him(Passport/Id card/voter card/driving license/Aadhar Card) any one of them will work.
2. Residence proof: The documents needed as proof of residence are:  (Passport/Id card/voter card/driving license/Ration Card/Aadhar Card).  And if the applicant is living in a rented apartment, then he has to submit, electricity bill on his name and the address of the owner and his rental agreement.
3.  Under, KYC formality: The applicant has to provide his PAN card.
4. Salaried applicant: The applicant has to submit his bank statements for the last six months and the salary slip of the previous three months.
5. Self-employed: The person applying for a personal loan should file ITR for the last three years, and the business should be registered.
6. Colored photograph: applicant must have two passport size photographs.

More About: Interest Rates on Personal Loan

 Tenure of Personal Loan Manjeri

The tenure of the Personal Loan is from 1 year to 5 years.

Why your decision of choosing Dialabank is the right decision?

1. We do not charge any extra fees from our customers.
2. We are always ready to help our applicants and are available at 24*7.
3. The approval process is time-saving if you apply through databank.
4. The Loan gets disbursed within 24 hours.
5. Our experts will assist you, and our relationship managers will provide guidance.

How to apply for  Personal Loan Manjeri?

1. Visit www.dialabank.com.
2. Go to the loan section and click on the personal loan link.
3. The applicant will be directed to all details of the personal Loan where they can choose their preferred city.
4. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Manjeri

All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost varies between 1.5% to 2.5% 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. This charge varies from 4% of the remaining loan amount in the second year to 2% in the fourth year of the loan.

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

Personal Loan Manjeri 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 Manjeri

All the lending institutions have their criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Manjeri. 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 Manjeri Agents

Dialabank is one of the leading agents for availing Personal Loan in Manjeri. 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 Manjeri Contact Number

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

Pre Calculated EMI Table for Personal Loan Manjeri

Click here for a personal loan EMI calculator

About Manjeri

FAQs About Personal Loan Manjeri

✅Who can apply for a Personal Loan in Manjeri?

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 Manjeri.

✅What is the tenure of Personal Loan in Manjeri?

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 Manjeri?

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

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 between 1% and 2.5% 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 Manjeri get rejected due to my CIBIL score?

Personal Loan, being an unsecured loan, one of the most significant decision criteria for getting your Personal 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 Interest Rates: Updated 2020

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

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