Personal Loan Margoa

Major Personal Loan Providers in Margoa

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 Margoa Features

With ever-increasing demands budget, stricken individuals often resist themselves from fulfilling their desires. Easy paperwork and loan processing is one of the attributes of Individual loans. All you have to do is sit back and verify details at ease.

• Efficient loan repayment tenures that suit your comfort zone.
• Personal Loan Margoa is a loan that gives financial assistance to customers at affordable and cost-effective interest rates.
• To get a Personal Loan, the applicant is required to have a strong and reliable source of income and also good credit history.
• Also, you get the liberty to invest the loan amount wherever you want.

Personal Loan Margoa 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 Margoa

Necessary papers required for personal loan Margoa:

Salaried Customers:

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

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

Self-Employed Customers:

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

Eligibility Criteria for Personal Loan Margoa

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

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

Self-Employed Applicants

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

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

Why Apply for Personal Loan Margoa?

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

How to apply for Personal Loan Margoa?

1. Visit this website: Dialabank.
2. Then, navigate through 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 Margoa

All Banks and NBFCs charge a certain fee for processing a Personal Loan application. The Personal Loan Margoa processing fee is 1% of the sanctioned loan amount.

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

Personal Loan Margoa EMI Calculator

Equated Monthly Installments or EMI is a monthly fixed charge that you are required to pay to the bank as monthly repayment for the loan amount which is borrowed. Depending on your profile, the rate of interest on your loan is set. The EMI on your loan is calculated based on the Interest Rate the bank charges you and the loan amount you have to take and the period for which you take the loan. You can use a personal loan EMI calculator to calculate your EMIs. 

CIBIL Score required for Personal Loan Margoa

All the lending institutions have their own criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Margoa. Mostly, the institutions need a minimum score of at least 750 to process an application further.

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 Margoa Agents

Dialabank is one of the leading agents for availing Personal Loan in Margoa. You can easily apply online at Dialabank 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 Margoa Contact Number

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

Pre Calculated EMI Table for Personal Loan Margoa

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 Margoa

Margoa is a city in the western Indian state of Goa. Its Portuguese colonial past is evident in buildings like the 1675 baroque Holy Spirit Church, with its ornate interior and pipe organ. Sat Burzam Ghor is a grand 1700s mansion with 3 of its original 7 gables remaining. Margoa Municipal Garden includes the colonial Municipal Building and library. Southwest, in Benaulim, the Goa Chitra Museum exhibits ancient tools.

FAQs About Personal Loan Margoa

✅ Who can apply for a Personal Loan in Margoa?

Individuals with urgent financial needs with a consistent income source (from employment or business) can apply for a Personal Loan in Margoa.

✅ What is the tenure of a Personal Loan in Margoa?

Most of the Banks and NBFCsPersonal loans from 1 year to 5 years tenure. 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 instalments within the agreed tenure of the loan.

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

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

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 Personal Loan Margoa processing fee is 1% of the sanctioned loan amount.

Pre-closure Charges: Whenever you want to close a running loan before its agreed 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 Margoa get rejected due to my CIBIL score?

Since a Personal Loan is an unsecured loan, one of the most important 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 skip 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 happen due to a low CIBIL Score.

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