Personal Loan Palavakkam

Major Personal Loan Providers in Palavakkam

Feature	HDFC Bank	Private 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 Palavakkam Features

Dialabank brings you the financial solution to all your money-related problems. It is basically a flexible loan that covers all your needs. Individual loans are sort of advance provided to the borrower with repayment schedules.

This sort of advance isn’t just of an unstable nature with extremely fewer archives required with considerably lesser administrative work. This kind of advance might be affirmed in as long as 48 hours to get endorsed following the procedure of check.

Personal Loan Palavakkam provides its borrowers with the guiding assistance to know all aspects of the loan processing and its advantages. The advance is affirmed in 48 hours of application and followed by the processing application.

Also, there exists no stated end-use restriction on the use of the personal loan amount. This loan amount can be used in whatever way wanted.

In order to apply for a personal loan, Palavakkam click on Personal Loan

Personal Loan Palavakkam 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
Private 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 Palavakkam

Salaried Customers:

1. Identity proof (Aadhar card/driving license)
2. Statements for the salary of the past three months.
3. Bank statements for the last 6 months
4. PAN belonging to the applicant
5. Proof for Residence (Own/Rent/Company provided)
6. Passport-size photograph – 2 of the candidate is obligatory

*NOTE: If one lives in rented apartments, rent agreement needs to be coupled with the mentioned documents.

Self-Employed Customers:

1. All financial statements are required (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card belonging to the applicant
3. Aadhar card for identity verification of the candidate
4. Residence Proof of the applicant
5. Individual’s passport-sized photographs- 2 is mandatory

Eligibility Criteria for Personal Loan Palavakkam

Click here to know more about personal loan eligibility

Salaried Applicants

1. The base age of the candidate ought not to be a min 21 years and a max 60 years.
2. The candidate must possess an experience of three-year employment history in an esteemed firm.
3. The applicant should possess an outstanding credit history.
4. The job location of the applicant should be mentioned along with employment documents.
5. The borrower must have a minimum income 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 applying should be at least 25 years.
2. The applicant applying for a personal loan should have been filing ITR for the past three years. In case the applicant is a businessman, then the business is required to be running well from the last 3 years.
3. The credit score of the applicant should be good and there must not be any debt or any dues pending.
4. The yearly income of the applicant should be no less than Rs 2.5 lakh.
5. The entire document verification process for personal loan approval requires the applicants to submit their financial statements and their bank statement for the past three months.

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

Why Apply for Personal Loan Palavakkam?

1. No hard and fast rules exist for submission of mortgage or collateral as security to the bank.
2. A personal loan is a kind of manyfold loan, so it can be put to use for any purpose.
3. The amount of personal loans is entirely based on the repayment capability of the candidate.
4. A Personal Loan does not require any nominee or guarantor.

How to apply for Personal Loan Palavakkam?

1. Visit this website: www.dialabank.com.
2. It will direct you to the detailed information of the personal loan where you can pick your city. For more information and free guidance, please call 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Palavakkam

All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost varies between 1.5% to 2.5% of the sanctioned loan amount.

By any chance, if you wish to close your credit before the chose advance residency, all loaning establishments will charge you a punishment as a prepayment expense. Usually, the applicant is not allowed to put closure to the credit before the end of the year.

After this, the charges vary dependent on the number of years the advance has finished. This charge changes from 4% of the rest of the advance sum in the second year to 2% in the fourth year of the credit.

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

Personal Loan Palavakkam EMI Calculator

Equated Monthly Installments or EMI implies a monthly fixed rate that you are needed to pay to the bank as monthly repayment for the loan amount which is secured. . The EMI on your loan is calculated depending upon the Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan.

On basis of your profile, the rate of interest on your loan is settled.

CIBIL Score required for Personal Loan Palavakkam

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

No institution only looks at the overall score. They also look at an elaborated view of the previous loans. The details include the type of loans and the amount of money that was borrowed. If there exists any delay in the payments of the previous loans, it may hinder the approval of the present loan.

Personal Loan Palavakkam Agents

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

Our team of professionals well-acquainted to assist customers is available for you.Dialabank assists you to look for the best option of Banks and NBFCs by giving you access to an in-detail market comparative analysis of various banks to help you pick the right one. Visit our website www.dialabank.com and fill out a simple form with the details of personal and employment data.

Personal Loan Palavakkam Contact Number

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

Pre Calculated EMI Table for Personal Loan Palavakkam

Click here for 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

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About Palavakkam

Palavakam is a locality in the south of Chennai and census town in the Chennai district in the Indian state of Tamil Nadu. It is located on the East Coast Road about 6 km south of Adyar.

FAQs About Personal Loan Palavakkam

Who can apply for a Personal Loan in Palavakkam?

Individuals with urgent financial needs with a regular source of income can apply for a Personal Loan in Palavakkam.

What is the tenure of Personal Loan in Palavakkam?

The tenure of different banks might vary from 1 year to 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 Palavakkam?

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

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 Palavakkam get rejected due to my CIBIL score?

A personal Loan, being an unsecured loan, so cibil score is of utmost significance.

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.