All About Personal Loan Nabarangapur
Asking money from friends and relatives in any case of urgency or emergency and getting it may ruin the relationship. So why ask from someone when you can get a personal loan quickly in few steps and low documentation.
What is Personal Loan Nabarangapur?
A personal loan is the best option if you need funds for urgent needs or a short period .it can be availed for any purposes. A personal loan is a type of loan that is available for you whenever you need it. No matters where you spend your money Dailabank customized a personal loan for you.
Dialabank offers Personal Loans offer fast processing of your loan. Personal Loans can be used for plenty of purposes!
In this modern world, with increasing expenses and a new lifestyle, it is essential to cope up with the trend. So Personal Loan is a feature provided by banks & NBFCs to get the best loan option to manage all expenses easily, especially for the people in metro cities.
A Personal loan is a loan that can be used in multiple ways that can be utilized for fulfilling many purposes. These purposes could be debt repayment, taxes, paying medical bills, and more. Personal finance is instant finance, which a person can avail within 2-3 working days with minimal documentation required.
Also, there exists no stated end-use restriction on the use of the personal loan amount. This loan amount can be used in whatever way wanted.
Why should one apply for Personal Loan Nabarangapur?
- It is a multi-purpose offer that can be used for almost all financial problems.
- No need to put any property or asset as security to the lender.
- The Loan amount depends upon the income and repayment capability of the applicant.
- No cosigner needed.
Personal Loan Nabarangapur Eligibility Criteria
The eligibility for a personal loan are mentioned below:
Personal Loan does not apply to everyone, and there are some eligibility criteria based on which the bank provides a loan to the applicant. There are two categories of applicants:
1. Salaried
2. Self-employed
There are different eligibility criteria for both applicants.
If you are a Salaried Applicant:
1. The minimum age of the applicant should be 21 years and a maximum of up to 60 years.
2. If the borrower should have a salary of minimum Rs.18,000 per month
3. The borrower must have the work experience of the last three years, and the salary should come in their account only.
4. The person must have a good CIBIL score, i.e., at least 700+
The documentation process is straightforward; they have to submit their bank statement of the last three months and the salary slip of the previous six months.
If you are a Self-employed Applicant:
1. The self-employed person’s age should be minimum of 25 years.
2. The applicant should file ITR at least for the last three years.
3. The CIBIL of the applicant should be good, and no debt should be left due.
4. The ITR (Income tax return) which the applicant files should be Rs 2.5 lakhs per annum at least.
5. And the applicant is a businessman than his business should be running from the last three years.
Personal Loan Nabarangapur Documents
1. Identity proof :( Passport/Id card/voter card/driving license/Aadhar Card) It can be any one of them.
2. Residence proof :( Passport/voter card/driving license/Aadhar Card/Ration Card). And the applicant living in a rented house, then they have to submit their rental agreement.
3. The applicant must submit their PAN card, which is an essential document under the KYC formality.
4. Salaried applicants have to submit their salary slip of the last three months and the bank statements of the last six months.
5. The self-employed applicant has to submit the ITR of the last three years, and registration of their business should be done.
6. Two passport size colored photos. (Applicant should not be wearing glasses)
How to Apply for Personal Loan Nabarangapur?
Anybody can apply for Personal Loan online only in 2 minutes. The process of application is straightforward and quick.
First of all, you should check your eligibility.
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. Dialabank is the best platform to apply for a personal loan as you will get a loan at affordable rates of interest.
For EMI Calculator click here:-
Processing Fee / Prepayment Charges on Personal Loan Nabarangapur
All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost varies between 1.5% to 2.5% of the sanctioned loan amount.
If you wish to close your loan before the decided loan tenure, all lending institutions will be charging you a penalty as a prepayment fee. Usually, you will not be allowed to close your loan before a period of 12 months. Post that, the charges differ based on the number of years the loan has completed. This charge varies from 4% of the remaining loan amount in the second year to 2% in the fourth year of the loan.
To know about the interest rate click on personal loan interest rate
Personal Loan Nabarangapur EMI Calculator
Equated Monthly Installments or EMI implies a monthly fixed rate that you are needed to pay to the bank as monthly repayment for the loan amount which is secured. According to your profile, the rate of interest on your loan is set. The EMI on your loan is calculated depending upon the Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan.
CIBIL Score required for Personal Loan Nabarangapur
All the lending institutions have their criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Nabarangapur. Mostly, the institutions need a minimum score of at least 750 to further process an application.
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
Interest Rate 9.99%
Personal Loan Nabarangapur Agents
Dialabank is one of the leading agents for availing Personal Loan in Nabarangapur. You can easily apply online at www.dialabank.com 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 Nabarangapur Contact Number
Call 9878981166 and get timely assistance and approval for a Personal Loan in Nabarangapur.
Pre Calculated EMI Table for Personal Loan Nabarangapur
Click here for a personal loan EMI calculator
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 Nabarangapur
Nabarangpur, also known as Nabarangapur or Nowrangpur, is a town and a municipality in Nabarangapur district in the Indian state of Odisha. Visit www.dialabank.com or call 9878981166 and get assistance as soon as possible.
FAQs About Personal Loan Nabarangapur
✅Who can apply for a Personal Loan in Nabarangapur?
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 Nabarangapur.
✅What is the tenure of Personal Loan in Nabarangapur?
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 Nabarangapur?
Yes, there are 2 types of charges that one needs to pay to avail a personal loan in Nabarangapur:
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: If you want to close a running loan before its decided 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 Nabarangapur get rejected due to my CIBIL score?
Personal Loan, being an unsecured loan, one of the most significant 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 leave or delay 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 occur because of a low CIBIL Score.
Personal Loan Nabarangapur Interest Rates: Updated
|
Bank |
Interest Rates |
|---|---|
|
10.99% to 18% |
|
|
13.99% to 18% |
|
|
17.25% to 32% |
|
|
13.99% to 16.75% |
|
|
15.50% to 24% |
|
|
15.75% to 22% |
|
|
13.75% to 19% |
|
|
13.50% to 22% |
|
|
13.50% to 19% |
|
|
13.75% to 22% |
|
|
Corporation Bank |
14.50% to 20% |
|
13.70% to 20% |
Other Cities For Personal Loan
| Personal Loan Dimapur | Personal Loan Sambalpur |
| Personal Loan Talcher | Personal Loan Rourkela |
| Personal Loan Sundargarh | Personal Loan Rayagada |
| Personal Loan Soro | Personal Loan Rairangpur |
