Personal Loan Patiala

⋆ Interest Rate 9.99% ⋆

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      Table of Contents

      Personal Loan Patiala

      Best Banks for Personal Loan in Patiala

      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 in Patiala Features

      Personal loan patialaA Personal Loan Patiala is a loan that provides financial support to people for private use. The loan is unsecured in nature and does not require any asset to pledge. One can meet many imperative requirements with these funds like home improvements, going on vacations, paying off debts, meeting urgent financial emergencies, etc.

      Personal Loan Patiala is an unsecured loan that provides financial aid to the customers at affordable interest rates. To avail a Personal Loan, the consumer needs to have a rigid and good income source and has a good credit history.

      Besides, there is no end-use restriction on the use of the personal loan amount. You can use this loan amount anywhere you wish to do.

      Personal Loan in Patiala 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
      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 Required for Personal Loan in Patiala

      The documents required for a personal loan in Patiala is different for the salaried and self-employed customers:

      Salaried Customers:

      1. 2 Passport-sized photographs (colored)
      2. Proof of Identity such as Aadhaar card, driving license, PAN Card, etc.
      3. Bank statements for the last 6 months
      4. Salary slips of last three months
      5. Proof of residence (Owned/Rented/Company provided)

      *NOTE: In case of rental rooms, rent agreement needs to be attached.

      Self-Employed Customers:

      1. All financials are required that is Balance Sheet, P&L Statement, as well as ITR files.
      2. Government-approved ID ( Aadhar Card/ PAN Card/ Driving License, etc.)
      3. Proof of residence (Owned/Rented/Company provided)
      4. Two passport-sized photographs

      personal loan at 10.75%*

      Personal Loan in Patiala Eligibility Criteria

      The personal loan eligibility criteria for both Salaried and Self-Employed  for getting a personal loan in Patiala vary in the following ways:

      Salaried Applicants

      1. The age of the applicant should be between 21 to 60 years.
      2. The applicants must have three years’ work experience, and the salary should be received only in their accounts.
      3. The applicants must have a good credit history.
      4. The job location of the consumer should be mentioned.
      5. A good CIBIL Score is a must for approval of the personal loan.

      Self-Employed Applicants

      1. The minimum age requirement for an applier should be 25 years.
      2. The credit score of the applicants must be good. There should not be any debt or dues left.
      3. The consumers applying for the personal loan should present the ITR files for the last three years.
      4. If the consumers are the businessman, then the business should be functioning from the past three years.
      5. The annual income of the applicants must be a minimum of Rs 2.5 lakh.
      6. For the entire documentation process of the personal loan, the applicants have to submit their financial and bank statements for the previous three months.

      Click here to know more about eligibility: Personal Loan Eligibility.

      Why Apply for Personal Loan in Patiala?

      1. As it is an unsecured loan, no security or collateral needs to be deposited.
      2. A personal loan is a multi-purpose offer loan and can be used for any purpose whatsoever.
      3. The amount of personal loan depends upon individual income and capacity.
      4. A Personal Loan does not need any guarantor or nominee.

      How to apply for Personal Loan in Patiala?

      1. Visit www.dialabank.com.
      2. Visit the loan section and click on the personal loan link.
      3. The applicant will be directed to all details of the personal loan to pick your preferred city. Fill in all the necessary details.
      4. Our executives will then contact you for checking the eligibility and provide you with the best offers.
      5. For more information, you may call on 9878981166.

      personal loan at 10.75%*

      Processing Fees / Prepayment Charges on Personal Loan in Patiala

      Every Bank and NBFC charges processing fees for your Personal Loan application in Patiala. These charges vary from 1% of the loan amount.

      If you wish to foreclose your loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, you can close your loan before 12 months. After that, the charges alter how many years the loan has done. These charges range from 4% of the outstanding loan amount in the 2nd year to 2% in the loan’s 4th year.

      Personal Loan EMI Calculator Patiala

      Equated Monthly Installments(EMI) are the monthly fixed payments that you must pay to the bank for the loan amount borrowed.  Based on your profile, the interest rate on your personal loan is decided. Your EMI is calculated basis the personal loan Interest Rate the bank charges you and the loan amount you have taken and the tenure period for which you enjoy the loan.

      Get to know more about the EMI Calculator: Personal Loan EMI Calculator.

      CIBIL Score required for Personal Loan Patiala

      CIBIL score is an important criterion for loan approval. Different banks have different CIBIL Score requirements. Most institutions require a minimum score of 750 for processing of your loan application.

      Other than the CIBIL score, the institutions also detailed behaviour on the previous loans taken. This comprises the type of loan taken and the loan amount borrowed. Any delayed payments for previous loans can create a hurdle to your availing a fresh loan.

      personal loan at 10.75%*

      Personal Loan Patiala Agents/Broker

      Dialabank is the leading agent for availing Personal Loan in Patiala. Just apply online at www.dialabank.com or give a call at 9878981166

      Dialabank assists in finding the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks to make the right option. Visit our website www.dialabank.com and fill a simple form with your details. Our customer relationship managers will contact you soon.

      Personal Loan Patiala Contact Number

      Call 9878981166 and get Instant Personal Loan in Patiala.

      Pre Calculated EMI Table for Personal Loan Patiala

      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 Patiala

      Patiala is a city in Punjab, in northern India. It is the third-largest city in the state and is located around a castle named Qila Mubarak. It is highly popular for its traditional turban, paranda, Patiala Salwar, Jutti, and Patiala peg. Rakesh Sharma, the first Indian astronaut, was also born in Patiala.

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