Personal Loan Margao

Best Banks for Personal Loan in Margao

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 Margao Features

Personal Loan Margao

Do you face financial troubles? Do not worry, Personal Loan is offered to you.

Some loans are specified for a particular purpose like home loans, car loans, education loans, and much more. But Personal Loan is a type of loan that does not restrict one to use the loan amount for any specific purpose and the borrower is free to utilize it as per their requirement.

Personal Loan Margao is an unsecured loan that meets your needs at affordable interest rates. To get a Personal Loan, the applicant needs to have a rigid and good source of income and has a good credit history.

Personal Loan in Margao 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
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
1%
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 Margao

Salaried Customers:

  1. Proof of identity: Aadhar card/ Ration card/ Passport Copy/ Driving License, etc.
  2. Salary slips of last previous months along with bank statements for the last 6 months
  3. 2 passport-sized photographs (colored)
  4. PAN Card
  5. Proof of address such as Telephone Bill/ Agreement/ Electricity bill (Owned/Rented/Company provided)

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

Self-Employed Customers:

  1. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
  2. PAN Card
  3. Two passport-sized photographs
  4. Proof of identity like Aadhar Card/ Ration card/ Driving License/ Passport copy, etc.
  5. Proof of Residence: Telephone bill/ Electricity Bill/ Voter ID, etc.

personal loan at 10.75%*

Personal Loan Margao Eligibility Criteria

The eligibility criteria for personal loan for both Salaried and Self-Employed for Personal Loan Margao are as follows:

Salaried Applicants

  1. Applicant should be minimum of 21 years old and a maximum of 60 years old
  2. A decent CIBIL score and credit history is essential
  3. The applicants must have the work experience of the three years and their salary should be incoming to their personal account.
  4. Job location is a must

Self-Employed Applicants

  1. The minimum age of the applicant should be 25 years.
  2. An applicant who is a businessman, their business should be running for the past three years.
  3. The whole documentation process of the personal loan is the applicants have to submit his financial and his bank statement of the previous three months.
  4. The credit score of the individual applicants should be good .there should not be any debt or dues left.
  5. The applicants applying for the personal loan should file ITR for the last three years.
  6. The applicant’s minimum annual income should be Rs 2.5 lakh.

Click to know more about Eligibility: Personal Loan Eligibility

Why Apply for Personal Loan in Margao?

  1. A personal loan can be used for various purpose and has no restrictions
  2. There is no need to deposit any mortgage and collateral security to the bank.
  3. The amount of personal loan depends upon the repayment of individual income and capacity.
  4. No guarantor or nominee is involved in the deal

How to apply for Personal Loan in Margao?

  1. Visit www.dialabank.com.
  2. You need to select a personal loan in the loan section.
  3. The applicant will be directed to a page where all the details regarding personal loans can be found.
  4. All the necessary details and documents shall be provided
  5. Our executives will contact you on the provided number to assist you further
  6. For more information and free guidance, you may call on 9878981166.

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Processing Fee / Prepayment Charges on Personal Loan Margao

Every Bank and NBFC charges a fee for processing your Personal Loan Margao application and these are 1% of the loan amount.

In case an applicant wishes to foreclose their loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, loans cannot be closed before 12 months. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Margao

Equated Monthly Installments also know as EMI are fixed charges that a loan borrower shall pay to the bank at regular intervals of one month as a mode of repayment. EMI can be calculated on the basis of multiple factors such as interest rate, loan tenure, and the loan amount that the bank has sanctioned.

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

CIBIL Score required for Personal Loan Margao

Every lending institution has its own criteria for the lower limit of the CIBIL score required for processing a Personal Loan application in Margao. Most institutions require a minimum score of 700 to process your loan application.

The banks and NBFCs do not only look at the score but also your credit history, and your behavior on lending and repayment accordingly.

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Personal Loan Margao Agents

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

Personal Loan Margao Contact Number

Call 9878981166 and get instant help and approval for Personal Loan in Margao. Thereafter, our relationship managers will assist you.

Pre Calculated EMI Table for Personal Loan Margao

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 Margao

Also known as Madgaon, Margao is a town in the state of Goa which is also the cultural hub and commercial capital of Goa. It is a famous destination for tourists as they visit the place all year long. Numerous beaches, churches, shrines, and other tourist spots make it an ideal vacation stay.

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