Personal Loan Morshi

About Personal Loan Morshi

Are you in need of urgent financial help? Apply for a personal loan and fulfill all your money needs. A personal loan is a financial help provided by banks to the applicants at some interest rates. This type of loan will help you to solve all your financial problems.

Almost all major banks and NBFCs provide personal loans to the customers in Morshi. The documentation process is very simple and easy. The loan is available at affordable interest rates. There are no restrictions on the use of the loan amount, the applicant can use the amount according to their need.

What is Personal Loan?                        

A personal loan is a financial help provided by banks to the applicants to help them to solve their financial problems. The loan can get approved within 48 hours after the verification process is done. It can be used for many purposes like paying medical bills, paying old debts, planning a trip, and many more.

Why should one apply for Personal Loan Morshi?

1. There is no need to provide a cosigner to avail 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 Morshi Eligibility Criteria

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

Personal Loan Morshi 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 not 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 Morshi Rate of Interest

Personal loan interest rates vary depending 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 Morshi 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.

Processing Fee / Prepayment Charges on Personal Loan Morshi

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.

Personal Loan Morshi 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

About Morshi

Morshi is the second largest town in the Amravati district of Maharashtra. It is located 55 km northeast of Amravati, Situated very close to the Madhya Pradesh Border, in the scenic southern foothills of Satpura ranges.

Personal Loan Interest Rates: Updated 2020

To check personal loan Interest Rates for all major banks you can visit: personal loan Interest Rates

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