Best Banks for Personal Loan in Nellore
1% - 2.5% of the Loan Amt
Personal Loan in Nellore Features
|
Personal Loan Details
|
|
| Interest Rate |
10.75% to 24% p.a.
|
| Processing Fees | 0.5-2.5% |
| Loan Tenure |
1 year to 5 years
|
| Pre-closure Charges | 2% - 5% |
| Guarantor Requirement |
No guarantor required
|
Low-interest rates for the Gold loan. Hurry up! Do not worry Personal Loan is available for you. This loan is unsecured in nature with minimal documentation and less paperwork. You can get a loan approval in 48 hours after the verification process.
Personal Loan Nellore is not a secured loan that provides financial assistance to the customers at affordable interest rates. For getting a Personal Loan, the applicant needs to have a good source of income and has a good credit history. Moreover, there is no end-use limitation on the use of the personal loan amount. You can use this loan amount anywhere you need to do.
Personal Loan in Nellore Interest Rates- Jul 26 2021
| Name of the Bank | Interest Rate Range | Processing Fee Range | Loan Amount | Tenure |
| ICICI Bank | 11.59% - 18.49% (Fixed) | 2.25% (min. Rs.1149) One time fee | Rs.20 lakh (Max) | 1-5 Years |
| CitiBank | 10.99% - 15.99% (Fixed) | 1% to 2.5% | Rs.30 lakh (Max) | 1-5 Years |
| Kotak Mahindra Bank | 10.99% to 24% p.a. | Up to 2.5% of the loan amount along with GST or service tax | Rs.50,000 to Rs.15 lakh | 1 to 5 Years |
| Fullerton India | 11.99% to 23.99 p.a. | Information not provided. | Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals | 1 to 4 Years |
| Bank of Baroda | 11.35% - 14.35%Fixed | Rs.1,000 to Rs.10,000 (One time fee) | Rs.20,000 - Rs.2 lakh | 4 Years (Max) |
| State Bank of India | 12.90% - 14.90% (Fixed) | 1% (One time fee) | Rs.24,000 - 15 lakh | 5 Years |
| Aditya Birla | 11.5% - 13.25% (Fixed) | Nil | Rs.30 lakh (Max) | 1-5 Years |
| Allahabad Bank | Information not provided | 1.06% of loan amount | Information not provided. | 1 to 5 Years |
| Yes Bank | 14% p.a. | Up to 2% (One-time fee) | Rs.2 lakh to Rs.20 lakh | 1 to 5 Years |
| Corporation Bank | 12.75% to 13.75% p.a. | Up to 1.5% Minimum amount of Rs.500 | Up to Rs.3.50 lakh | Up to 5 Years |
Personal Loan Nellore Fees & Charges – Jul 26 2021
| 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 | 0.01 | 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 Nellore
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
| Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
| Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
| Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
| Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
| Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
|
| Existing Loans (if any) |
Payment Track Record & Sanction letter
|
| Photograph |
One coloured passport size photograph
|
List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
| Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
| Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
| Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
| Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
| Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
|
| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
|
| Existing Loans (in case any) |
Payment Track Record and sanction letter
|
| Professional Degree Certificate |
In case of professionals
|
| Photograph |
One coloured passport size photograph
|
List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
| Identity Proof | Copy of the passport Copy of the visa |
| Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
| Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
| Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
| Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
| Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
| Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
| Photographs |
Passport size photographs
|
Know More About: Personal Loan Eligibility Criteria
Personal Loan in Nellore Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed for a Personal Loan Nellore are different:
| Particulars | Salaried | Self-Employed |
| Age | 21 - 60 years | 21 - 65 years |
| Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
| Co-applicant | Not mandatory | Not mandatory |
| Loan Tenure | 12 – 60 months | 12 – 60 months |
| Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
| Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
| Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
| CIBIL Score | 750 and above | 750 and above |
| Residential Status |
Resident Indian staying in own house or a rented house
|
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
| Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
| SBI | Up to 76 years | NA** | Rs.15,000 |
| HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
| ICICI | 23 to 58 years | 2 to 5 years | Rs.17,500 |
| Axis | 21 to 60 years | NA** | Rs.15,000 |
| Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
| Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
| IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
| Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
| India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
| HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
| Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
| IDFC First Bank | 23 to 68 years | 3 years | NA* |
| Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
| Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
| Andhra Bank | 21 - 55 years | NA** | NA* |
| Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
| IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
| Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
| RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
| Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
| Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
| Karnataka Bank | NA** | 3 years | NA* |
| United Bank of India | up to 75 Years | 2 years | NA* |
| UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
- The applicants must have the work experience of the three years. And the salary must collect in their accounts only.
- The applicants should have a good credit history.
- The job address of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month.
Click here to know more about- Salaried Applicant
Self-Employed Applicants
- The minimum age required for an applier should be 25 years.
- The candidates applying for the personal loan have to show the ITR files for the last three years.
- If the consumers are the businessman, then the business must be running for the past three years.
- The credit score of the individual should be good. There must not be any debt left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The entire documentation process of the personal loan is the applicants have to submit his financial and his bank statement of the previous three months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan in Nellore?
- There is no need for any mortgage and security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the financial problems.
- The personal loan amount depends upon the repayment of individual income and capacity.
- A Personal Loan does not need any nominee.
How to apply for Personal Loan in Nellore?
- Visit www.dialabank.com.
- Visit the loan section and click on the personal loan link.
- The consumer will be directed to all details of the personal loan according to the preferred city.
- For any information and free guidance about personal loan, you may call on 9878981166.
Processing Fees / Prepayment Charges on Personal Loan in Nellore
Every Bank and NBFC charge a processing fee for your Personal Loan Nellore application. The processing fee is 1% of the loan amount.
In case you need to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you are incapable of close your loan before 12 months. After that, the charges vary depending on how many years the loan has done. These charges alter from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.
Personal Loan EMI Calculator Nellore
Equated Monthly Installments (EMI) is the monthly fixed charges that you have to pay to the bank for the loan amount borrowed. Based on your profile, the interest rate on your personal loan is determined. Your EMI is calculated using personal loan EMI calculator basis the Interest Rate charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.
CIBIL Score required for Personal Loan Nellore
Every lending institution has its own norm for the minimum CIBIL score required for processing a Personal Loan Nellore application. Most institutions called for a minimum score of 750 to process your loan application.
The institutions look at the overall score and also the detailed behavior on the previous loans taken. This involves details on the type of loan taken and the loan amount borrowed. Any delayed payments for previous loans can create a hurdle for availing a personal loan.
Personal Loan Nellore Agents/Broker
Dialabank is the leading agent for availing Personal Loan in Nellore. Just apply online at www.dialabank.com or call at 9878981166.
Dialabank assists you to find the best option of Banks and NBFCs by offering you with a detailed and descriptive market comparison of different banks so that you can make the right choice. Visit our website www.dialabank.com and fill a form by using your personal and employment details. Our customer relationship managers will call you.
Personal Loan Nellore Contact Number
Call 9878981166 and get instant help and approval for Personal Loan in Nellore.
Pre Calculated EMI Table for Personal Loan Nellore
About Nellore
Nellore is a city on the banks of Penna River, located in the Nellore district of the Indian state of Andhra Pradesh. It serves as the headquarters of the district, as well as the Nellore Mandal and Nellore revenue division. It is the fourth most populous city in the state.
A mythological story from Sthala Purana outlines, a lingam in the form of stone under the Nelli tree. The place successively became Nelli-ooru.
FAQs About Personal Loan Nellore
✅ Who can apply for a Personal Loan in Nellore?
People who have an urgent need for funds and have a good source of income (from employment or business) can apply for a Personal Loan Nellore.
✅ What is the tenure of Personal Loan in Nellore?
Most of the Banks and NBFCs provide a Personal Loan for a minimum period of 1 Yr and a maximum period of 5 Years. There are some Banks which enlarge the maximum period to 7 Years also. The tenure is fixed and cannot be extended. You will pay your equal monthly installments within the agreed tenure of the loan.
✅ Are there any other charges includes in Personal Loan Nellore?
Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Nellore:
Processing Fee: For every bank that you borrow from, there is a small fee that they charge from the consumer. This is called as Processing Fee. The amount of processing fee differs for each lending institution and is 1% of the loan amount.
Pre-closure Charges: Whenever you need to close a running loan before the loan tenure period, the Banks and NBFCs charge an additional amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges depend on how many years has your loan completed before you decide to pre-close it.
✅ Can my application for Personal Loan Nellore get rejected due to my CIBIL score?
Since a Personal Loan is an unsecured loan, one of the most important criteria for getting your Personal Loan Nellore application approved is the CIBIL Score. Having a High CIBIL score becomes important if you wish to get a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or any credit card payments as that affects your CIBIL score. Most of the Personal Loan rejections happen to cause a low CIBIL Score.
Table of Contents
- 1 Best Banks for Personal Loan in Nellore
- 2 Personal Loan in Nellore Features
- 3 Personal Loan in Nellore Interest Rates- Jul 26 2021
- 4 Personal Loan Nellore Fees & Charges – Jul 26 2021
- 5 Documents Required for Personal Loan in Nellore
- 6 Personal Loan in Nellore Eligibility Criteria
- 7 Check Personal Loan Eligibility with Top Lenders in 2021
- 8 Why Apply for Personal Loan in Nellore?
- 9 How to apply for Personal Loan in Nellore?
- 10 Processing Fees / Prepayment Charges on Personal Loan in Nellore
- 11 Personal Loan EMI Calculator Nellore
- 12 CIBIL Score required for Personal Loan Nellore
- 13 Personal Loan Nellore Agents/Broker
- 14 Personal Loan Nellore Contact Number
- 15 Pre Calculated EMI Table for Personal Loan Nellore
- 16 About Nellore
- 17 FAQs About Personal Loan Nellore
