Personal Loan Rajahmundry

⋆ 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 Rajahmundry

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 Rajahmundry Features

personal loan rajahmundryAre you looking for a loan but not able to decide which one is the better option? Are you thinking about taking a break from work but don’t want to spend your saving on bills? Then we have a solution for you.

You can make a personal loan as it is easy to take and more manageable to repay. In addition to this to avail, this loan you don’t need to have any collateral as this loaning scheme is guarantee free facility. So Personal Loan is a feature provided by banks & NBFCs to get the best loan option to manage all expenses easily.

A personal loan is a loan that can be used in multiple ways that can be utilized for fulfilling many purposes. Personal finance is instant finance, which a person can avail within 2-3 working days with minimal documentation required. Also, you do not require any form of security to avail of personal loans.

Personal Loan Rajahmundry 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 Rajahmundry

Documents required to avail a personal loan vary for salaried customers and self-employed ones in the following manner:

Salaried Customers:

  1. PAN Card
  2. Residence Proof (Owned/Rented/Company provided)
  3. Passport-sized photographs – 2
  4. Identity proof (Aadhar card/driving license)
  5. Salary slips of last three months
  6. Bank statements for the last 6 months
  7. In the case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

  1. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
  2. PAN Card
  3. Aadhar Card
  4. Residence Proof
  5. Two passport-sized photographs

personal loan at 10.75%*

Eligibility Criteria for Personal Loan Rajahmundry

The Personal loan eligibility criteria also vary for both Salaried and Self-Employed customers in the following manner:

Salaried Applicants

  1.  Your age should be in between  21 and maximum age to avail this loan is 61.
  2. For the salaried applicant, the bank requires 18,000 Rs as a minimum monthly salary.
  3. Likewise, your salary should come to that bank account.
  4. Last but not least for availing personal loan a salaried applicant’s CIBIL has to be above 750.

Self-Employed Applicants

  1. The applicant needs to have an account in a bank.
  2. Twenty-five years to 65 years is the age criteria for the salaried applicant to avail this loan.
  3. Likewise, the applicant’s business should be in service for about three years.
  4. Self-employed applicants must have an ITR return of more than 2.5 Lac for the past three years.
  5. Most importantly, your CIBIL needs to be above 750.

Why Apply for Personal Loan Rajahmundry?

  1. Personal loans are simple and secure to get emergency funds.
  2. No need to pledge any security
  3. Get instant approval for your personal loan in Rajahmundry
  4. There is no need to provide a cosigner or guarantor to avail this loan.
  5. It is a loan with no collateral or asset requirement.
  6. It is instantly and quickly available loan form within 48 hours.
  7. It is a loan that can be used for different multiple personal purposes.
  8. It is a loan with no hassles and flexible Loan terms and conditions.
  9. It is a loan that only relies upon the credit score and repayment capacity of the applicant.

How to apply for Personal Loan Rajahmundry?

Anybody can apply for Personal Loan Rajahmundry online and get an instant personal loan only in 2 minutes. The process of application is straightforward and quick.

  1. Visit Dialabank
  2. After that, apply for a Personal Loan online.
  3. Enter your contact number so that we can contact you back.
  4. Fill in all the other details like location, income, etc. for better guidance.
  5. Dialabank is the best platform to apply for a personal loan as you will get a loan at affordable rates of interest.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Rajahmundry

Every Bank and NBFC charges two kinds of fees from its customers.

  1. The first is a mandatory fee for processing your Personal Loan application. The Personal Loan Rajahmundry processing fees are 1% of the sanctioned loan amount. These are charged on all personal loans irrespective of the tenure and amount.
  2. The second being Pre-closure charges in-case you want to close your loan before your fixed tenure. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan. These are only charged if you do not wish to continue with the fixed tenure period.

Personal Loan Rajahmundry EMI Calculator

The  Personal loan EMI Calculator can be used to know your EMI value on your loan amount.

Equated Monthly Installments also know as EMI are the monthly charges that you pay to the bank as monthly repayment for the loan amount borrowed.  It is calculated based on your profile, income, loan amount, and tenure the interest rate. Your EMI is calculated basis the Interest Rate you are charged by the bank which is required to be paid every month.

CIBIL Score required for Personal Loan Rajahmundry

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Rajahmundry.

  1. Most institutions require a minimum score of 750 to process your loan application.
  2. Others might look into other factors like income and job stability to process the loan.
  3. The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken.
  4. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Rajahmundry Agents

Dialabank helps you in comparing various banks and NBFCs so that you can avail the best offers available according to your need. DialaBank is your best agent available for a personal loan in Rajahmundry. Our relationship manager will ensure you get the best loan at the lowest possible interest rate with hassle-free documentation. The reason behind choosing DialaBank as your agent is:

  1. DialaBank is India’s first financial helpline.
  2. We do not charge you for our services.
  3. The loan gets disbursed within 24 hours of applying with us.
  4. Our relationship manager guides and assists you through the entire process.

By comparing all the deals available with various banks we will help you in choosing the right bank for you.

Personal Loan Rajahmundry Contact Number

Call 9878981166 and get instant help and approval for instant Personal Loan in Rajahmundry.

Pre Calculated EMI Table for Personal Loan Rajahmundry

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 Rajahmundry

Rajahmundry is the city located in the state of Andhra Pradesh. The town is situated on the banks of Godavari River. In addition to this, the town is famous for its historical, traditions, agricultural, economic background. As a result, the city is known as the cultural hub of Andhra Pradesh.

FAQs About Personal Loan Rajahmundry

Who can apply for a Personal Loan in Rajahmundry?

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 Rajahmundry.

What is the tenure of Personal Loan in Rajahmundry?

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 instalments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Rajahmundry?

In order to avail a personal loan in Rajahmundry:

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 personal loan Rajahmundry processing fee is 1% of the loan amount.

Pre-closure Charges: Whenever you want to close a running loan before its agreed 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 Rajahmundry get rejected due to my CIBIL score?

Since Personal Loan is an unsecured loan, one of the most important 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 skip 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 happen due to a low CIBIL Score.

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