Personal Loan Palani

Major Personal Loan Providers in Palani

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 Palani Features

Are you in need of cash? Well, you do not have to worry. A personal loan is a kind of loan that is convenient for you. This kind of loan is not only of an unsecured nature with very fewer records needed with even minor paperwork. This sort of loan may be allowed in up to 48 hours to get approved following the process of confirmation.

Personal Loan Palani provides monetary aid assistance to all clients at an affordable as well as cost-effective interest rates. To get a Personal Loan, the candidate is required to have a similarly stronger and dependable source of income and also a reasonably good credit history profile.

Also, there exists no stated end-use limitation on the use of the personal loan sum. This loan product can be used in whatever way needed.

In order to appeal for a personal loan, Palani click on Personal Loan

Personal Loan Palani Interest Rates

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 Palani

Salaried Customers:

  1. Identity confirmation(Aadhar card/driving license)
  2. Statements for the pay of the past three months.
  3. Bank records for the last 6 months
  4. PAN
  5. Proof for Residency(Own/Rent/Company provided)
  6. Passport-size picture- 2

*NOTE: If one lives in rented rooms, rent agreement needs to be attached.

Self-Employed Customers:

  1. All commercial statements are needed(Balance Sheet, P&L Statement as well as ITR files)
  2. PAN Card
  3. Aadhar
  4. Residence Attempt
  5. Passport-sized images- 2

personal loan at 10.75%*

Eligibility Criteria for Personal Loan Palani

Click here to acknowledge more about personal loan eligibility

Salaried Applicants

  1. The base age of the applicant ought not to be under 21 years or over 60 years.
  2. The candidate must have a working knowledge of in any event three years. The coverage ought to have been moved in their studies as they were.
  3. The candidate should have an excellent credit history.
  4. The job position of the candidate should be mentioned.
  5. The borrower must have the smallest income of at least INR 25,000 p.m.

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

Self-Employed Applicants

  1. The age of an independent person using should be at least 25 years.
  2. The applicant asking for a personal loan should have been recording ITR for the past three years. In case the candidate is a businessman, then the company is required to be running well from the last 3 years.
  3. The credit score of the candidate should be good and there must not be some debt or any dues pending.
  4. The yearly income of the candidate should be no less than Rs 2.5 lakh.
  5. The entire certificate verification process for the personal loan approval needs the applicants to submit their financial statements and their bank statement for the past three months.

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

Why Apply for Personal Loan Palani?

  1. There is no hard and fast rule for the provision of depositing any mortgage or collateral as a promise to the bank.
  2. A personal loan is a kind of multidimensional investment, so it can be put to use for any kind of issue.
  3. The amount of personal loans is only based on the repayment capacity of the candidate.
  4. A Personal Loan does not need any candidate or guarantor.

How to apply for Personal Loan Palani?

  1. Visit this website: Dialabank.
  2. Then, go to the loan section, and go to the personal loan loop. It will direct you to the specific information of the personal loan where you can choose your city. For more knowledge and free guidance, please call 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Palani

All Banks and NBFCs cost a certain fee to prepare a Personal Loan application. This cost ranges between 1.5% to 2.5% of the approved loan amount.

If you wish to close your loan before the selected loan tenure, all lending companies will be charging you a penalty as a prepayment fee. Usually, you will not be allowed to close your credit before a duration of 12 months. Post that, the management differ based on the number of years the loan has finished. This charge varies from 4% of the outstanding loan amount in the second year to 2% in the fourth year of the loan.

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

Personal Loan Palani EMI Calculator

Equated Monthly Installments or EMI implies a monthly set rate that you are needed to pay to the bank as monthly repayment for the loan amount which is obtained. According to your form, the rate of interest on your credit is set. The EMI on your loan is determined depending upon the Rate the bank charges you with and the loan sum you have to take and the period for which you need the loan.

CIBIL Score required for Personal Loan Palani

All the lending companies have their own criteria for a minimal CIBIL record that is needed to process a Personal Loan application in Palani. Mostly, the institutions need a minimum score of at least 750 to further process an appeal.

No institution just looks at the overall score. They also look at a developed view of the previous loans. The details cover the type of loans and the amount of cash that was borrowed. If there exists any stay in the payments of the previous loans, it may hinder the support of the present loan.

personal loan at 10.75%*

Personal Loan Palani Agents

Dialabank is one of the principal agents for availing Personal Loan in Palani. You can easily use online at Dialabank or give a bell at 9878981166

Dialabank assists you to look for the best selection of Banks and NBFCs by giving you access to an in-detail market-related analysis of various banks to help you pick the right one. Tour our website Dialabank and fill out a simplistic form with the details of personal and work data. Our customer contact managers will be in touch with you shortly.

Personal Loan Palani Contact Number

Call 9878981166 and get timely support and approval for a Personal Loan in Palani.

Pre Calculated EMI Table for Personal Loan Palani

Click hither 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 PalaniPersonal Loan Palani

Palani north-west of Madurai, and 67 kilometers (42 mi) from Kodaikanal. The Palani Murugan Temple or Arulmigu Dhandayuthapani Swamy Temple (Thiru Avinankudi), dedicated to Lord Murugan is situated on a hill overlooking the town. The temple is visited by more than 7 million pilgrims each year.

FAQs About Personal Loan Palani

Who can apply for a Personal Loan in Palani?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Palani.

What is the tenure of Personal Loan in Palani?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly installments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Palani?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Palani:

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount.

Pre-closure Charges: If you want to close a running loan before its decided tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary depending on how many years has your loan completed before you decide to pre-close it.

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

Personal Loan, being an unsecured loan, one of the most significant decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t leave or delay any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections occur because of a low CIBIL Score.

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