Personal Loan Motihari

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Personal Loan Motihari

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 Motihari Features

Personal loan MotihariA personal loan is regarded as one of the most reliable financial services which is of great significance in an internet-oriented global world. It is unsecured in nature and does not involve any of the borrower’s assets to be kept as a piece of security with the bank/NBFC that will be sanctioned.

You can any time avail for a personal loan at times of financial crisis or any other money-related issues prevailing to you or your family. Personal Loan is one of the easiest and most convenient method of getting cash in hand instantly. It is a versatile credit facility that can tackle a wide range of money problems for e.g. money required for your child’s education, going for emergency or unplanned trips, marriages, family medical issues, etc.

Personal Loan Motihari 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 for Personal Loan Motihari

Salaried Customers:

  1. Identity proof: Adhar, Driving license etc.
  2. Previous three months salary slips
  3. Bank statements
  4. Essential PAN Card submission
  5. Residence Proof whether owned or rented
  6. 2 Passport-sized colored photographs

Self-Employed Customers:

  1. Mandatory PAN Card
  2. Mandatory Aadhar Card
  3. Valid Residence Proof
  4. All financials inn form of Balance Sheet, P&L Statement, ITR files, etc.
  5. Two passport-sized photographs to be submitted

personal loan at 10.75%*

Eligibility Criteria for Personal Loan Motihari

The eligibility criteria for both Salaried and Self-Employed are different. Personal loan Eligibility for salaried customers is as follows:

Salaried Applicants

  1. Salary should be regular.
  2. Age criteria should be 21-60 years of age.
  3. Experience at Work Place: overall experience should be of 3 years and experience of 1 year in the current ongoing job.
  4. You should also possess a CIBIL score of more than 700.
  5. Lastly, a person who gets his salary cash in hand is also not eligible for availing a personal loan in Motihari. You must have your salary slips as proof.

Self-Employed Applicants

  1. The age of the borrower should range between 25 years to 65 years.
  2. ITR submission is essential.
  3. Should be owning a house or office in your own name.
  4. You should own a financially stable and operating business that is being run continuously from the last 3 years.
  5. Most importantly you should have a CIBIL score of above 700.

Click here to know more – Self-employed Applicant

Why Apply for Personal Loan Motihari?

  1. There is no need to deposit any collateral security to the concerned bank.
  2. A personal loan is a multi-purpose offer loan which means it can be used for all the problems related to finance.
  3. The amount of personal loan completely depends upon the repayment of individual capacity.
  4. Personal Loan does not require any guarantor/nominee or co-applicant.

How to apply for Personal Loan Motihari?

The online process for applying with DialaBank is hassle-free and easy. Just follow the steps mentioned below:
  1. Visit our official web portal, i.e. www.dialabank.com.
  2. Then, apply for a Personal Loan online and fill the details.
  3. Enter your valid contact details so that we can contact you back.
  4. You may also contact on 9878981166 for any kind of assistance.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Motihari

Banks and NBFCs charge you 2 kinds of fee on personal loan in Motihari:

  1. Every Bank and NBFC charges two kinds of fees from its customers. The first is a fee for processing your Personal Loan application. These charges are 1% of the sanctioned loan amount.
  2. For cases when you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. The charges vary after the fixed tenure depending on how many years the loan has left to be completed. These charges vary anywhere from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the total loan.

Personal Loan Motihari EMI Calculator

Equated Monthly Installments also called EMI is the monthly fixed charges that you are required to pay to the bank as monthly repayment for the loan amount borrowed.  Based on many factors like your profile, income the interest rate on your loan is fixed. Your EMI is then calculated on the basis of the Interest Rate you are charged by the bank and the amount of loan you have accepted and the period for which you enjoy the loan.

Personal Loan EMI Calculator is available on our website to allow you to calculate EMIs easily.

CIBIL Score required for Personal Loan Motihari

CIBIL Score expresses a person’s ability to pay his loans in the past. Higher the Cibil Score of a person more easily he can access to a personal loan. Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Motihari.

Most financial institutions require a minimum score of 750 to process your personal loan application. Others may consider a 700-750 CIBIL score average enough to sanction the loan according to their own requirements. Banks/NBFCs analyze all details on the type of loan taken previously and the amount borrowed.

personal loan at 10.75%*

Personal Loan Motihari Agents

Dialabank is the leading agent for availing Personal Loan in Motihari. You can apply online or give a call at 9878981166 to avail the best offers 2020.

  1. The approval process is time-saving if you apply through DialaBank, India’s first financial helpline.
  2. The Loan gets disbursed within 24 hours of the application applied.
  3. Our experts will assist you, and our relationship managers will provide guidance during every step of the process.
  4. And you get all this for free which means no sort of charges charged by DaialaBank.

Dialabank helps you to find the best option among several Banks and NBFCs by providing you with a detailed market comparison of different offers so that you can make the right choice owing to your need. Our customer relationship managers will soon get in touch with you to guide you further.

Personal Loan Motihari Contact Number

Call 9878981166 and get instant help and approval for Personal Loan in Motihari.

Pre Calculated EMI Table for Personal Loan Motihari

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 Motihari

Motihari is the headquarters of East Champaran district situated in the Indian state of Bihar. It is located 150 kilometers north of the state capital of Patna.

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