Personal Loan Paonta Sahib

About Personal Loan Paonta Sahib

Personal Loan Paonta Sahib

There are some days when we get into some kind of financial problem and are not able to meet our financial needs. A personal loan is a loan that helps us to solve these kinds of financial issues.

a personal loan is the best option if you need funds for urgent needs or a short period .it can be availed for any purposes. A personal loan is a type of loan that is available for you whenever you need it. No matters where you spend your money Dailabank customized a personal loan for you.

Well, now you do not have to worry about it because we at Dialabank can help you out. This type of loan is not only of an unsecured nature with very fewer documents needed with even lesser paperwork and also now you don’t need to borrow money from relatives, friends, or family, or to show that you are lacking funds when you can get approved loan in 48 hours with the following process of verifications.

Personal Loan Paonta Sahib provides financial aid help to all customers at an affordable as well as cost-effective interest rates, and you know what to get a Personal Loan, all the applicant is required is to have a comparatively stronger and dependable source of income and also a fairly good credit history profile.

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.

  •       Search for the appropriate bank
  •       Documentation and Application Form Filling
  •       Loan Process Begin
  •       Loan Disbursal

The demand for Personal loans is increasing day by day and so is the interest rate offered by all the possible banks in the area. The rates range between 9.5 -37% but differ between various lending institutions.

The demand for Personal loans is increasing day by day and so is the interest rate offered by all the possible banks in the area. The rates range between 9.5 -37% but differ between various lending institutions.

Why Apply for Personal Loan Paonta Sahib?

  1. There is no need to deposit any mortgage and collateral security to the bank.
  2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
  3. The amount of personal loan depends upon the repayment of individual income and capacity.
  4. A Instant Personal Loan does not require any guarantor or nominee.

Eligibility Criteria for Personal Loan Paonta Sahib

The Personal Loan Eligibility Criteria for both Salaried and Self-Employed are different:

For Salaried Applicants

  1. The minimum age requirements of individuals should be 21 years and a maximum of up to 60 years.
  2. The applicants must have the work experience of the three years. And the salary should be received in their accounts only.
  3. The applicants must have an excellent credit history.
  4. The job location of the applicant should be mentioned.
  5.  A borrower should have a minimum income in metropolitan city RS 18,000 and in non -metro city RS 12,000

Click here to know more about- Salaried Applicant

For Self-Employed Applicants

  1. The minimum age requirement for an independent person should be 25 years.
  2. The applicants applying for the personal loan should file ITR for the last three years.
  3. If the applicants are the businessman, then the business should be running from the past three years.
  4. The credit score of the individual applicants should be good .there should not be any debt or dues left.
  5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  6. The whole 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

Personal Loan Paonta Sahib Interest Rates:

The interest rates in Personal Loan depends upon the company’s profile and salary of a person. The interest rate of personal Loans starts from 10.75% per year.

More About: Interest Rates on Personal Loan

Documents for Personal Loan Paonta Sahib

  1. Residence proof: the Documents required to Get Personal Loan for the residence proof includes (Passport / ID card / Voter card / Aadhaar card / Ration card / Driving license), and if the applicants are living in rental apartments then they have to submit their Agreement, Electricity bill on his name and address of the owner.
  2. Self-employed: the applicants of personal loan should file ITR for the last three years, and his business should be registered.
  3. Salaried applicants: The applicants have to show his salary slip for the last three months and bank statement for the last six months.
  4. Under KYC formality, every applicant has to submit his pan card, which is an essential document.
  5. Two colored passport size photos 🙁 Applicants should not wear any glasses)

How to apply for Personal Loan Paonta Sahib?

  1. Visit www.dialabank.com.
  2. Go to the loan section and click on the personal loan link.
  3. The applicant will be directed to all details of the personal loan where they can choose their preferred city.
  4. For more information and free guidance, you may call on 9878981166.
  5. About Personal Loan

Processing Fee / Prepayment Charges on Personal Loan Paonta Sahib

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.

If you wish to close your loan before the decided loan tenure, all lending institutions will be charging you a penalty as a prepayment fee. Usually, you will not be allowed to close your loan before a period of 12 months. Post that, the charges differ based on the number of years the loan has completed. This charge varies from 4% of the remaining loan amount in the second year to 2% in the fourth year of the loan.

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

Personal Loan Paonta Sahib 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. According to your profile, the rate of interest on your loan is set. 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.

CIBIL Score required for Personal Loan Paonta Sahib

All the lending institutions have their criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Paonta Sahib. 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 at 10.75%*

Personal Loan Paonta Sahib Agents

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

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. Our customer relationship managers will be in touch with you shortly.

Personal Loan Paonta Sahib Contact Number

Call 9878981166 and get timely assistance and approval for a Personal Loan in Paonta Sahib.

Pre Calculated EMI Table for Personal Loan Paonta Sahib

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 Paonta Sahib

Paonta Sahib is an industrial town of Himachal Pradesh in India. It is located in the south of Sirmaur district, on National Highway 7. Major industries are the cement industry, Power Generation – Renewable Energy, Pharmaceutical industry, textiles, chemical industry.

FAQs About Personal Loan Paonta Sahib

Who can apply for a Personal Loan in Paonta Sahib?

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 Paonta Sahib.

What is the tenure of Personal Loan in Paonta Sahib?

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 Paonta Sahib?

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

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 Paonta Sahib 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.

Personal Loan Interest Rate: Updated

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

Personal Loan in Other Cities of Himachal Pradesh