Personal Loan Nellore

⋆ Interest Rate 9.99% ⋆

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      Table of Contents

      Personal Loan Nellore

      Best Banks for Personal Loan in Nellore

      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 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

      personal loan NelloreLow-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- Oct 19 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 at 10.75%*

      Personal Loan Nellore Fees & Charges – Oct 19 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 at 10.75%*

      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

      personal loan at 10.75%*

      Salaried Applicants

      1. The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
      2. The applicants must have the work experience of the three years. And the salary must collect in their accounts only.
      3. The applicants should have a good credit history.
      4. The job address of the applicant should be mentioned.
      5.  A borrower should have a minimum income of INR 25,000 per month.

      Click here to know more about- Salaried Applicant

      Self-Employed Applicants

      1. The minimum age required for an applier should be 25 years.
      2. The candidates applying for the personal loan have to show the ITR files for the last three years.
      3. If the consumers are the businessman, then the business must be running for the past three years.
      4. The credit score of the individual should be good. There must not be any debt left.
      5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
      6. 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?

      1. There is no need for any mortgage and security to the bank.
      2. A personal loan is a multi-purpose offer loan. It can be used for all the financial problems.
      3. The personal loan amount depends upon the repayment of individual income and capacity.
      4. A Personal Loan does not need any nominee.

      How to apply for Personal Loan in Nellore?

      1. Visit www.dialabank.com.
      2. Visit the loan section and click on the personal loan link.
      3. The consumer will be directed to all details of the personal loan according to the preferred city.
      4. For any information and free guidance about personal loan, you may call on 9878981166.

      personal loan at 10.75%*

      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 behaviour 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 at 10.75%*

      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

      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 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.