Best Banks for Personal Loan in Nellore
1% - 2.5% of the Loan Amt
Personal Loan in Nellore Features
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
Get low interest rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Documents Required for Personal Loan in Nellore
Salaried Customers:
- Identity proof (Aadhaar card/driving license)
- Salary slips of last three months
- Bank statements for the last 6 months
- PAN Card
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
*NOTE: In case of rental apartments, rent agreement needs to be attached.
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhaar Card
- Residence Proof
- Two passport-sized photographs
Personal Loan in Nellore Eligibility Criteria
The eligibility criteria for both Salaried and Self-Employed for a personal loan in Nellore are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and maximum 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 from 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 processing fee for your Personal Loan application. These can vary between 1.5% to 2.5% of the sanctioned 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 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 application in Nellore. 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 in 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 normally between 1% and 2.5% 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 Personal Loan is an unsecured loan, one of the most important criteria for getting your Personal Loan 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.
