Personal Loan Muzaffarnagar

⋆ Interest Rate 9.99% ⋆

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

Best Banks for Personal Loan in Muzaffarnagar

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 Muzaffarnagar Features

personal loan MuzaffarnagarWe see dreams daily and think of fulfilling it by any cost but we may not do it because of insufficient funds and can’t depend on our friends and family for support all the time, so Personal Loan is the option which you can choose and do whatever you want. With the help of Personal Loan, you realize your dreams of having that great wedding to visiting your dream vacation destination.

These purposes could be dues repayment, taxes, paying medical bills, and more. Personal finance is instant finance, which a person can get in 2-3 working days with minimal documentation required. 

Personal Loan in Muzaffarnagar 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 in Muzaffarnagar

Documents required to avail a personal loan in Muzaffarnagar vary for salaried customers and self-employed ones. The following documents are required for both kinds of customers:

Salaried Customers:

  1. PAN Card
  2. Residence Proof (Owned/Rented/Company provided)
  3. Passport-sized photographs – 2
  4. Identity proof (Aadhar card/driving license)
  5. Salary slips of last three months
  6. Bank statements for the last 6 months
  7. In the 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. Aadhar Card
  4. Residence Proof
  5. Two passport-sized photographs

personal loan at 10.75%*

Personal Loan in Muzaffarnagar Eligibility Criteria

The Personal loan eligibility criteria vary for both Salaried and Self-Employed customers in the following manner:

Salaried Applicants

  1.  The minimum age of the applicant should be 21 years and maximum of up to 60 years.
  2. The documentation process for Personal Loan Muzaffarnagar is straightforward; they have to submit their bank statement of the last three months and the salary slip of the previous six months.
  3. If the borrower should have a salary of minimum Rs.18,000 per month
  4. The borrower must have the work experience of the last three years, and the salary should come in their account only.
  5. The person must have a good CIBIL score, i.e., at least 700+.

Self-Employed Applicants

  1. The age of the applicant should be 25 years.
  2. The self-employed person’s age should be minimum of 25 years.
  3. The ITR(Income tax return) in which the applicant files should be Rs 2.5 lakhs per annum at least.
  4. And the applicant is a businessman than his business should be running from the last three years.
  5. The applicant should file ITR at least for the last three years.
  6. The CIBIL of the applicant should be good, and no debt should be left due.

Why Apply for Personal Loan in Muzaffarnagar?

  1. The Loan amount depends upon the income and repayment capability of the applicant.
  2. Personal Loan Dhanbad is a multi-purpose offer that can be used for almost all financial problems.
  3. No need to put any property or asset as security to the lender.
  4. No cosigner needed for Personal Loan Dhanbad.
  5. Personal Loan does not require any guarantor or nominee.

How to apply for Personal Loan in Muzaffarnagar?

Anybody can apply for Personal Loan Muzaffarnagar online only in 2 minutes. The process of application is straightforward and quick. Follow the following steps to avail best offer:

  1. Visit www.dialabank.com.
  2. After that, apply for a Personal Loan online.
  3. Enter your contact number so that we can contact you back.
  4. Fill the necessary details like name, location, and income.
  5. Dialabank is the best platform to apply for a personal loan as you will avail of a loan at affordable rates of interest.
  6. You may also contact 9878981166.

personal loan at 10.75%*

Processing Fees/Prepayment Charges on Personal Loan in Muzaffarnagar

The processing fees charged by banks and NBFCs varies from case to case. The first case is a fee for processing your Personal Loan application. These charges vary between 1% to 2.5% of the sanctioned loan amount. This is mandatory in nature

The second being Pre-closure charges in-case you want to close your loan before your fixed tenure. This is not mandatory. In most cases, you can’t close your loan before 12 months. After 12 months, the charges vary depending on the loan tenure period. These charges vary from 4% in the 2nd year to 2% in the 4th year of the outstanding loan amount.

Personal Loan EMI Calculator Muzaffarnagar

EMIs are easy to pay and are a great source of repayment of your loans. The  Personal loan EMI Calculator can be used to know your EMI value on your loan amount. Equated Monthly Installments also know as EMI are the monthly charges that you pay to the bank as monthly repayment for the loan amount borrowed.

Based on your profile, income, loan amount, and tenure the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank which is required to be paid every month.

CIBIL Score required for Personal Loan Muzaffarnagar

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Muzaffarnagar.

  1. Most institutions need a minimum score of 750 to process your loan application.
  2. Others might look into other factors like income and job stability to process the loan.
  3. The institutions don’t just look at the overall score but also the detailed behavior on the previous loans that you have taken.
  4. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as an obstacle to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Muzaffarnagar Agents/Broker

Dialabank helps you in comparing various banks and NBFCs so that you can avail of the best offers available according to your need. Dialabank has the best agent available for a personal loan in Muzaffarnagar. Our relationship manager will ensure you get the best loan at the lowest possible interest rate with hassle-free documentation.

Personal Loan Muzaffarnagar Contact Number

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

Pre Calculated EMI Table for Personal Loan Muzaffarnagar

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 Muzaffarnagar

Muzaffarnagar is a city of the Indian state of Uttar Pradesh. The region is one of the important sugarcane production regions in the world. The important industries of Muzaffarnagar are Sugar and jaggery. More than 40% of the region’s population is engaged in agriculture. The Banks and NBFCs are also willing to process personal loans in Muzaffarnagar as more as possible.

Major localities in Muzaffarnagar for availing Personal Loan

Personal Loan Padrauna Personal Loan Palia Kalan
Personal Loan Patwdh Personal Loan Phulpur
Personal Loan Pithla Personal Loan Puranpur
Personal Loan Purquazi Personal Loan Renukoot

FAQs About Personal Loan Muzaffarnagar

Who can apply for a Personal Loan in Muzaffarnagar?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Muzaffarnagar.

What is the tenure of Personal Loan in Muzaffarnagar?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. 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 installments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Muzaffarnagar?

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

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 amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the 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 Muzaffarnagar get rejected due to my CIBIL score?

Since 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. Do not skip 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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