Personal Loan Ooty

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Major Personal Loan Providers in Ooty

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 Ooty Features

Do you have a desperate need for cash? You don’t really need to worry. A Lo Personal is easily accessible for you. This kind of loan is not just an unsecured type with the least required paperwork and an even a smaller amount of bureaucracy. This loan may take up to 48 hours at most to get accepted following the vetting process.

Personal Loan Ooty is a loan that offers economic services to its customers at competitive and cost-effective lending rates. In order to guarantee a personal loan, the borrower must have a credible and accurate amount of income and a decent credit background as well.

Moreover, there is no such end-use restriction on the use of the personal loan amount. You can use this loan amount in whatever way you wish to.

Click here to get an instant personal loan.

Personal Loan Ooty Interest Rates

In order to apply for a personal loan, Ooty go to Personal Loan.

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

Documents for Personal Loan Ooty

Salaried Customers:

  1.  ID proof (Aadhar card/driving license)
  2. Proof of Residence (Own/Rent/Company provided)
  3. Two Passport-size photograph
  4. Slips for salary for the past three months
  5. Statement of Bank for the last 6 months
  6. PAN Card

*NOTE: In case of rented apartments, rent agreement is needed to be attached.

Self-Employed Customers:

  1. Aadhar
  2. Proof of residence
  3. All financial statements are needed (Balance Sheet, P&L Statement as well as ITR files)
  4. PAN Card
  5. Two passport-sized photographs
personal loan at 10.75%*

Eligibility Criteria for Personal Loan Ooty

Click here to know more about personal loan eligibility

Salaried Applicants

  1. The minimum age of the applicant should not be less than 21 years or more than 60 years.
  2. The applicant should have an excellent credit history.
  3. The location of the applicant’s job should be stated.
  4. The applicant must have work experience of at least three years. The salary should have been transferred in their accounts only.
  5. The borrower must have a minimum income of INR 25,000 p.m.

Click here to know more about a personal loan for- Salaried Applicant

Self-Employed Applicants

  1. The age of an independent person should be at least 25 years.
  2. The yearly income of the applicant should be a minimum of Rs 2.5 lakh.
  3. The whole document verification process of the personal loan requires the applicants to submit his financial and his bank statement of the previous three months.
  4. The applicant applying for the personal loan should have been filing ITR for the past three years.
  5. If the applicant is a businessman, then the business is required to be efficiently running from the last 3 years.
  6. The credit score of the applicant should be good and there must not be any debt or dues pending.

Click here to know more about the personal loan for– Self-employed Applicant

Why Apply for Personal Loan Ooty?

  1. There is no requirement of depositing any mortgage or collateral as a security to the bank.
  2. The amount of personal loans is solely based on the repayment capacity of the individual.
  3. A Personal Loan does not need any nominee or guarantor.
  4. A personal loan is a multidimensional loan, thus it can be put to use for all the issues related to money.

How to apply for Personal Loan Ooty?

  1. Visit this website: www.dialabank.com.
  2. Then, navigate to the loan section and go to the personal loan link.
  3. You will be directed to the detailed information of the personal loan where you can pick your city.
  4. For further information and free guidance, feel free to call on 9878981166.
personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Ooty

For the processing of a Personal mortgage application, both banks and NBFCs charge a certain amount. This provision will vary from 1.5 percent and 2.5 percent of the balance of the loan accepted.

All commercial banks can charge you a penalty as a provider payment fee if you plan to foreclose your loan prior to the negotiated loan tenure. For the most part, you are not required to close your loan for 12 months. After that, the charges change based on how many years the loan has concluded. This category encompasses from 4% of the loan sum available in the 2nd year to 2% in the 4th year of the debt.

To know about the interest rate click on personal loan interest rate

Personal Loan Ooty EMI Calculator

Equated Monthly Installments or EMI is a fixed set price that you are expected to pay to the bank for the loan sum lent as a current salary. The rate of interest on your loan is set based on your profile. The EMI on your loan is assessed on the basis of the bank fees you incur for the interest rate and the purpose of the loan you have to take and the time for which you take the loans.

CIBIL Score required for Personal Loan Ooty

All mortgage lenders have their own standards for a minimum Payment history that is needed to process Ooty’s Personal mortgage application. Often, in order to further process a demand, entities need a low score of at least 750.

No leader generally looks at the total performance. They also look at a thorough view of past loans. The document contains the kind of loans and the amount of revenue lent. If any delay in the reimbursement of previous loans occurs, the approval of the future loan could be impeded.

personal loan at 10.75%*

Personal Loan Ooty Agents

Dialabank is one of the leading agents for availing Personal Loan in Ooty. You can easily apply online at www.dialabank.com or give a call at 9878981166

Dialabank helps you find the right decision for banks and NBFCs by provides you with access to an extensive industry comparative study of different institutions to assist you in finding the proper one. Visit our www.dialabank.com website and fill out a simplified version with personal and job collected data. Our managers of customer interactions will be in contact with you promptly.

Personal Loan Ooty Contact Number

Call 9878981166 and get timely assistance and approval for Personal Loan in Ooty.

Pre Calculated EMI Table for Personal Loan Ooty

Click here for a personal loan EMI calculator

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 Ooty

Ooty (short for Udhagamandalam) is a resort town in the Western Ghats mountains, in southern India’s Tamil Nadu state. Created as speed and temperature for the British Raj, it maintains a working steam railway. Stone House, a 19th-century home, and St. Stephen’s Church, circa-1829, are other examples of its colonial history. On the slopes of Doddabetta Peak lies the 55-acre Government Botanical Garden.

FAQs About Personal Loan Ooty

Who can apply for a Personal Loan in Ooty?

A Personal Loan in Ooty can be submitted by people who have an imminent need for cash and have a daily means of funding (from work or business).

What is the tenure of Personal Loan in Chikkamagaluru?

The majority of banks and NBFCs offer a personal loan for a depth of 1 year and a maximum of 5 years. Some banks increase the total length to 7 years as well. The tenure is set and is not flexible. Under the approved tenure of the loan, the payoff has to be made in equivalent installment payments.

Are there any other charges involved in Personal Loan Ooty?

Yeah, in order to get a personal loan in Ooty, there are 2 types of payments that one needs to pay:

Down payment: There is a small fee paid by the client for any account or lending entity you borrow from. This is called the Production Fee. For each lending entity, the size of the third – party application varies and is commonly between 1 percent and 2.5 percent of the loan amount.

Pre-closure fees: If you want to close a running loan before its settled tenure term, the banks and NBFCs charge the deferred loan amount with an extra payment called a pre-closure fee. Different banks have multiple charges for pre-closure. Depending according to how many years the loan is already paid before you plan to pre-close it, the well before-closure fees differ.

Can my application for Personal Loan Ooty get rejected due to my CIBIL score?

As a personal loan is an investment property, your Credit report is one of the most critical decision requirements for getting your business loan application accepted. If you want to stay ahead of a personal loan in the future, running a decent CIBIL score is definitely important. Make sure you do not make any of your EMI mortgage payments or credit card transactions, as your CIBIL score would decrease. Most failures of personal loans occur due to a low CIBIL ranking.

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