Personal Loan Phagwara

⋆ Interest Rate 9.99% ⋆

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Why us?

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

Major Personal Loan Providers in Phagwara

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 Phagwara FeaturesPersonal Loan Phagwara

Do you need some financial assistance to pay off your old debts? Looking for lumpsum money for a dream project?

Apply for a personal loan and fulfil your money requirements. A personal loan is a type of unsecured loan that a person can avail based upon their income and credit score without the need for depositing collateral security. It gets disbursed within 48 hours by applying with Dialabank and the loan amount sanctioned is transferred in the account of the applicant without any difficulties.

Personal Loan Phagwara 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 for Personal Loan Phagwara

Salaried Customers:

  1. The documents required for the residence proof include Passport / ID card / Voter card / Aadhaar card / Ration card / Driving license. If the applicants are living in rental apartments, then they have to submit their Rent Agreement, Electricity bill on his name and address of the owner.
  2. Two coloured passport size photos of Applicants in which they should not be wearing any glasses.
  3. Proof of Identity needs to be submitted, which includes Passport copy/ Driving License/ Voter ID, etc.
  4. Salaried applicants have to submit their salary slip of last three months and bank statement of last six months.
  5. Under KYC formality, every applicant has to submit their pan card, which is an essential document.

*NOTE: In case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

  1. The documents required for the residence proof include Passport / ID card / Voter card / Aadhaar card / Ration card / Driving license. If the applicants are living in rental apartments, then they have to submit their Rent Agreement, Electricity bill on his name and address of the owner.
  2. Two coloured passport size photos of Applicants in which they should not be wearing any glasses.
  3. Proof of Identity needs to be submitted, which includes Passport copy/ Driving License/ Voter ID, etc.
  4. Self-employed applicants who are looking to get a personal loan should file ITR for the last three years, and their business should be registered.
  5. Under KYC formality, every applicant has to submit their pan card, which is an essential document.

personal loan at 10.75%*

Eligibility Criteria for Personal Loan Phagwara

The eligibility criteria for both Salaried and Self-Employed are as follows:

Salaried Applicants

  1. The borrower should be at least 21 years of age and can be of maximum 60 years of age
  2. The borrower needs to have a good credit history along with a CIBIL score above 700
  3. Job location should be mentioned in the form
  4. The individual applying for the loan must have the work experience of a minimum of 3 years, and their salary should be incoming to their personal account.

Self-Employed Applicants

  1. A self-employed person applying for the personal loan must be above 25 years of age
  2. The applicant shall submit all financial and banks statements of the past three years
  3. The business of a businessman should be functional from at least the past three years.
  4. A good CIBIL score without any history of bad credit is essential
  5. The applicants applying for the personal loan should file ITR for the last three years.
  6. The annual income of the applicants should be a minimum of Rs 2.5 lakh.

Click to know more about Eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Phagwara?

  1. Fast disbursal of loan.
  2. No security or collateral to be deposited to the bank
  3. The amount of personal loan depends upon the repayment of individual income and capacity.
  4. A guarantor or nominee is not required for a personal loan
  5. Can use the amount of loan sanctioned as per requirement without any limitations

How to apply for Personal Loan Phagwara?

  1. Visit Dialabank
  2. Go to the loan section and click on the personal loan link.
  3. Provide all your personal as well as professional details as per requirement
  4. As soon as you are completed with the formalities, our executives will get in touch with you
  5. To know more, you may call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Phagwara

Every institution offers personal loan charge a certain amount known as processing fee, which is required for the further processing of the personal loan application form. The Personal Loan Phagwara processing fee is 1% of the total loan amount.

If an individual who has applied for personal loan wishes to foreclose his loan before the 12 months or the agreed tenure of the loan, then they shall pay a penalty which is known as prepayment charge to the lender.

Personal Loan Phagwara EMI Calculator

Equated Monthly Installments also know as EMI are basically fixed charges that a borrower needs to pay the bank in regular intervals as a mode of repayment for the amount of loan borrowed. The calculation of EMI depends on the loan tenure, interest rate charged by the bank and amount of loan taken.

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

CIBIL Score required for Personal Loan Phagwara

Every institution offering personal loan have their own lower limit of CIBIL score for loan approval. On a general basis, it is around 700.

Along with the CIBIL score, the lenders look upon and analyze the history of credit as well as the behaviour of payment by the individual too.

personal loan at 10.75%*

Personal Loan Phagwara Agents

Dialabank is the leading agent for availing Instant Personal Loan in Phagwara. You can apply online at Dialabank or call on 9878981166

Personal Loan Phagwara Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Phagwara. Thereafter, our relationship managers will assist you.

Pre Calculated EMI Table for Personal Loan Phagwara

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 Phagwara

Phagwara is a town and the Municipal Corporation with an area of 20 km² in Kapurthala district of Punjab State, India. The town lay on the NH-44 and located 124 km away from Chandigarh361Km from Delhi. Phagwara is an industrial area and famous for cotton, starch, sugar, and auto parts production in Punjab.

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