Personal Loan Mysore

⋆ 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 in Mysore

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 Mysore Features

Personal Loan Mysore

A personal loan is the easiest way to overcome your financial crisis. It is a lifesaver. As the name suggests,  Personal Loan may be opted by an individual due to an urgent requirement of cash, for example, any medical issue, education purpose, or wedding or to fulfill any of your other personal needs.

A personal loan is an unsecured loan that needs no documents of any collateral, but all you need to do is submit your personal documents to the Bank. Availing a loan to make your dream fulfill is never a bad idea. Personal Loan is designed to address various money needs in an easy and convenient manner to meet your requirement. A personal loan is a form of an unsecured loan, which means its interest rates are higher than secured loans. The higher your credit score/ CIBIL score, the lower the price you may get.

Personal Loan in Mysore 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 Mysore

Salaried Customers:

  1. Identity Proof:  An identity proof it can be an Aadhar card, PAN card, Driving license, voter ID card, or your passport
  2. Residence proof: Your Aadhar card, PAN card, Ration card, voter ID card, driving license, or passport can be considered as the proof of residence. In addition to this, if you are living on rent, then the rent agreement or water/electricity bills for the last three months can be considered.
  3. Income proof for the salaried applicant: 6 months of bank statements along with six months of salary slips.
  4. 2 recent passport size photographs of the applicant

*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. Identity Proof:  An identity proof it can be an Aadhar card, PAN card, Driving license, voter ID card, or your passport
  3. Residence proof: Your Aadhar card, PAN card, Ration card, voter ID card, driving license, or passport can be considered as the proof of residence. In addition to this, if you are living on rent, then the rent agreement or water/electricity bills for the last three months can be considered.
  4. Income proof for the self-employed applicant: latest ITR documents and audited financial papers of business.
  5. Two passport-sized photographs

personal loan at 10.75%*

Personal Loan in Mysore Eligibility Criteria

The eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicants

  1. Firstly, your age should be in between 21 years to 60 years.
  2. Also, your salary has to come to a bank account.
  3. Moreover, at the time of availing this loan your credit score needs to be above 750.
  4. Furthermore, you must be working with the current employer for at least one year.
  5. In addition to this, the salaried applicant must have one year of working experience.

Self-Employed Applicants

  1. The minimum age requirement for an independent person should be 25 years.
  2. The applicants applying for the personal loan should file ITR for the last three years.
  3. If the applicants are the businessman, then the business should be running from the past three years.
  4. The credit score of the individual applicants should be good .there should not be any debt or dues left.
  5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  6. 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.

To know more about eligibility, click on Personal Loan Eligibility

How to apply for Personal Loan in Mysore?

  1. Visit www.dialabank.com.
  2. Now, fill your contact number along with your necessary details.
  3. Personal Loan Mysore is essential that you provide the contact details that you carry with yourself.
  4. DialaBank gets you a high loan to value ratio on your credit.
  5. Also, our RM is specially trained to provide answers to each of your queries.
  6.  We will look for the best deal for you which you can easily avail of near your location without wasting any time.
  7. Feel free to give us a call anytime you need we are always there to assist you.
  8. You don’t need to pay us a thing. Yes, you read that correct our service is free of cost we don’t charge you anything.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan in Mysore

Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary from 1% of the sanctioned loan amount.

In case you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan 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 Mysore

Equated Monthly Installments also know as EMI are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed.  Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

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

CIBIL Score required for Personal Loan Mysore

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application Mysore. Most institutions require a minimum score of 750 to process your loan application.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Mysore Agents/Broker

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

Dialabank helps you to find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.

Personal Loan Mysore Contact Number

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

Pre Calculated EMI Table for Personal Loan Mysore

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 Mysore

Mysore is the second-largest city of Karnataka which lies at a distance of 130 km from the state capital. Mysore is well known for its famous silk sarees and sandalwood oil. It is a city of palaces, gardens, shady avenues, and holy temples and is famous for its Dussehra celebrations when various tourists visit this place every year.

 

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