Personal Loan Manmad

Personal Loan Manmad

Require financial help urgently? Apply for a personal loan and get the solution to all your financial problems. A personal loan is a type of loan that a person can avail of based on their monthly salary and credit score. 

What is Personal Loan Manmad                          

Almost all major banks and NBFCs provide personal loans to customers in Manmad. The loan is available at affordable interest rates. The documentation process is very simple and easy. To get a personal loan, the applicant must have a sufficient salary.

The loan can get approved within 48 hours after the verification process is done. Also, you can use the loan amount according to your need, there are no restrictions on the use of the loan amount.

Why should one apply for Personal Loan Manmad

1. There is no need to provide a cosigner to avail of this loan.
2. Personal Loan Manmad is a simple and safe loan scheme for raising funds in times of need.
3. It is easily available within 48 hours.

Personal Loan Manmad Eligibility Criteria

If a person fulfils the Eligibility criteria for personal loan, then he can get the amount efficiently.

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

Salaried Applicants

1. Minimum age: 21 years
2. Maximum age: 60 years.
3. The applicants shall have work experience of at least three years.
4. They shall be receiving their salary in a bank account.
5. The applicants shall have a good credit history and CIBIL score.

Self-Employed Applicants

1. Minimum age: 25 years.
2. Maximum age: 65 years.
3. The applicant shall be filing ITR for the last three years.
4. If the applicant is a businessman, then the business should at least be running for the past three years.
5. The credit score of the individual applicant should be good.
6. There shall not be any pending debt or dues.
7. The annual income of the applicant should be a minimum of Rs 2.5 lakh.

Personal Loan Manmad Documents

Common Documents for all applicants

• Identity Proof: Following documents are accepted as identity proof
  1. Passport
  2. Voter ID card
  3. Aadhaar card
  4. Ration card
  5. Driving license
• Residence Proof: Following documents are accepted as residence proof
  1. Passport
  2. Voter ID card
  3. Aadhaar card
  4. Ration card
  5. Driving license

If the applicant lives in a rental apartment then they shall submit their registered rental agreement and electricity bill which shall be on their name and addressed to the owner.

• Under KYC, every applicant has to mandatorily submit their PAN card.
• Two coloured passport-sized photographs (Applicants shall be wearing any glasses).

Financial Documents for Salaried Applicant – The salaried applicants need to submit their salary slips for the past three months and bank statement for the last six months.

Financial Documents for Self Employed – A self-employed applicant of the personal loans should be filing ITR for at least the last three years, and their business should be registered.

Personal Loan Manmad Rate of Interest

Personal loan interest rates depend upon the loan amount tendered, tenure of the loan, and the CIBIL score of the applicant. In general, the personal loan rate of interest starts at 10.75% per annum.

Personal Loan Manmad Apply Online

• Visit Dialabank
• Fill in your details in the personal loan form.
• Our relationship manager will call you and assist you through the entire process.
• If you have any queries, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Manmad

Banks and NBFCs usually charge a minimal fee for processing your loan, typically ranging from 1% to 2.5% of your loan amount.

Prepayment of a loan happens when you wish to repay a part of your loan before the tenure ends. This helps to reduce the burden of your EMIs, and for this, banks charge a prepayment fee typically ranging from 4% of the loan amount in the 2nd year to 2% of the loan amount in the 4th year. However, you can only prepay your loan after 12 months.

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

Personal Loan Manmad EMI Calculator

Equated Monthly Installments or EMIs are the instalments that you have to pay to your lender every month as a way to repay your loan. This EMI calculator will help you calculate your EMIs beforehand so that you can compare various offers and choose the best.

You can calculate your EMI here: Personal Loan EMI Calculator.

CIBIL Score required for Personal Loan Manmad

A CIBIL score is a powerful 3 digit number that measures your credit history and repayment ability. In case your CIBIL score is up to the mark, it will show that you are a trustworthy lender and help you avail of the best offers as loans. On the other hand, if you have a low CIBIL score, then the banks and NBFCs will not be much willing to lend you loans and will charge you higher interest rates.

To know more, visit the Dialabank CIBIL score.

About Manmad

Manmad is one of the towns in Nashik district in the state of Maharashtra in India. It is the third-largest city in Nashik district, with a population of approximately 80,000. Geographically it lies within Nandgaon Tehsil in Nashik District.

Personal Loan Interest Rates: Updated 2021

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