Personal Loan Ooty

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

      I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Table of Contents

      Personal Loan Ooty

      Major Personal Loan Providers in Ooty

      Feature HDFC Bank ICICI Bank Bajaj Finance
      Interest Rate 10.75% - 17% 11.25% - 18.5% 0.12
      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

      Personal Loan Ooty

      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 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 on a 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 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 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 the case of rented apartments, a 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 applicant 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 for 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: Dialabank.
      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 per cent and 2.5 per cent 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.

      Personal Loan Ooty EMI Calculator

      You can use a personal loan EMI calculator to calculate EMIs. 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 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 a 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 a Personal Loan in Ooty?

      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 instalment 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 per cent and 2.5 per cent 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.