Personal Loan Namakkal

Best Banks for Personal Loan in Namakkal

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 Namakkal Features

Personal Loan Namakkal

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 any dues pending.

Moreover, there is no closure use limitation on the utilization of the individual credit sum. You can utilize this credit sum anyplace you need to do.

Personal Loan in Namakkal Interest Rates and Charges

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

Personal Loan in Namakkal Documents Required 

Salaried Customers:

  1. ID proof like Driving License/ Aadhar Card/ Voter ID, etc
  2. Bank statements for the last six months are necessary
  3. Salary slips of last three months is a must
  4. PAN Card
  5. Residence Proof such as agreement copy/ passport copy/ Elec & Telephone Bills, etc. (Owned/Rented/Company provided)
  6. Recent passport size photos

*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. ID proof like Driving License/ Aadhar Card/ Voter ID, etc
  3. Residence Proof such as agreement copy/ passport copy/ Elec & Telephone Bills, etc. (Owned/Rented/Company provided)
  4. Recent passport size photos
  5. PAN Card

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Personal Loan in Namakkal Eligibility Criteria

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

Salaried Applicants

  1. The applicants must have an excellent credit history without pending dues
  2. Minimum age: 21years
  3. Maximum Age: 60 years
  4. Minimum of three-year work experience and a stable source of income
  5. The job location of the applicant should be mentioned.

 

Self-Employed Applicants

  1. Self-employed applicant should be at least 25 years of age.
  2. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  3. The applicant should file ITR for the last three years.
  4. 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.
  5. The business should be running for the past three years if the applicant is a businessman.
  6. 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?

  1. Personal Loan does not require any mortgage or collateral deposit as a guarantee
  2. A Personal Loan does not require any guarantor or nominee.
  3. A personal loan can be utilized for any purpose without any restrictions.
  4. The amount of personal loan depends upon the repayment of individual income and capacity.

How to apply for Personal Loan Namakkal?

  1. Visit www.dialabank.com.
  2. Go to the loan section and click on the personal loan where you can fill in all your personal details.
  3. The applicant will be directed to all details of the personal loan where they can choose their preferred city.
  4. For further assistance and free guidance, you may call on 9878981166.

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Processing Fee / Prepayment Charges on Personal Loan Namakkal

Every Bank and NBFC charges a fee as processing fee for the application of 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 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 Delhi EMI Calculator

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. The rate of interest charged by the bank, 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. Most institutions require a minimum score of 750 to process your loan application.

Banks approve a loan on the basis of the CIBIL score and your credit history, which include 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.

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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 www.dialabank.com 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

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 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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