Best Banks for Personal Loan Namakkal
1% - 2.5% of the Loan Amt
Personal Loan in Namakkal Features
A personal loan is an easy way to meet your monetary shortage at reasonable interest rates and minimum documentation. Personal Loan Namakkal is an unbound credit that gives a monetary guide to the clients at reasonable financing costs. To get a Personal Loan, the candidate needs to have a good credit history without pending dues. Moreover, there is no closure use limitation on the utilization of the individual credit sum. Therefore, you can utilize this credit sum anyplace you need to do.
Personal Loan in Namakkal Interest Rates and Charges
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
0.01
Nil
Andhra Bank Personal Loan
Nil
Nil
Personal Loan in Namakkal Documents Required
Salaried Customers:
- ID proof like Driving License/ Aadhar Card/ Voter ID, etc
- Bank statements for the last six months are necessary
- Salary slips of last three months is a must
- PAN Card
- Residence Proof such as agreement copy/ passport copy/ Elec & Telephone Bills, etc. (Owned/Rented/Company provided)
- Recent passport size photos
*NOTE: In the case of rented apartments, a rent agreement needs to be attached.
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as ITR files)
- ID proof like Driving License/ Aadhar Card/ Voter ID, etc
- Residence Proof such as agreement copy/ passport copy/ Elec & Telephone Bills, etc. (Owned/Rented/Company provided)
- Recent passport size photos
- PAN Card
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Namakkal Eligibility Criteria
The eligibility criteria for both Salaried and Self-Employed are different:
Salaried Applicants
- The applicants must have an excellent credit history without pending dues
- Minimum age: 21years
- Maximum Age: 60 years
- Minimum of three-year work experience and a stable source of income
- The job location of the applicant should be mentioned.
Self-Employed Applicants
- Self-employed applicants should be at least 25 years of age.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The applicant should file ITR for the last three years.
- 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.
- The business should be running for the past three years if the applicant is a businessman.
- The credit score of the individual applicants should be good .there should not be any debt or dues left.
Click here to know more about eligibility: Personal Loan Eligibility.
Why Apply for Personal Loan Namakkal?
- A personal loan does not require any mortgage or collateral deposit as a guarantee.
- A Personal Loan does not require any guarantor or nominee.
- A personal loan can be utilized for any purpose without any restrictions.
- The amount of a personal loan depends upon the repayment of individual income and capacity.
How to apply for Personal Loan Namakkal?
- Visit www.dialabank.com.
- Go to the loan section and click on the personal loan, where you can fill in all your personal details.
- The applicant will be directed to all personal loan details where they can choose their preferred city.
- For further assistance and free guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Namakkal
Every Bank and NBFC charges a processing fee for applying for a personal loan, which varies from 1.5% to 2.5% of the sanctioned loan amount.
If you want 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 been 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 Namakkal EMI Calculator
Equated Monthly Installments, also known as EMI, are the monthly fixed charges 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. The bank’s interest rate, the amount of loan sanctioned, and the repayment period determine the EMI.
To know more about the EMI calculator, Click here: Personal Loan EMI Calculator.
CIBIL Score required for Personal Loan Namakkal
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application Namakkal. However, most institutions require a minimum score of 750 to process your loan application.
Banks approve a loan based on the CIBIL score and your credit history, including details on the type of loan taken and the amount borrowed. Therefore, any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Namakkal Agent and Contact Number
Dialabank is the leading agent for availing Instant Personal Loan in Namakkal. You can apply online at Dialabank or give a call at 9878981166
Call 9878981166 and get instant help and approval for a Personal Loan in Namakkal.
Pre Calculated EMI Table for Personal Loan Namakkal
About Namakkal
Namakkal is a town in the territory of Tamil Nadu renowned for different things. It is known as the Transportation center point for the south as it ends up being a significant transportation course and center point for some produce. Renowned for its egg creation, Namakkal is otherwise called Egg city.
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