Personal Loan Red Hills

⋆ 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

Best Banks for Personal Loan in Red Hills

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 Red Hills Features

Personal Loan Red HillsPersonal Loan Red HillsAre you running short out of cash? Do not worry. A personal loan is available for you. This loan is unsecured with minimal documentation and less paperwork. It takes 2 days after the verification process for the loan to be approved.

Personal Loan Red Hills is an unsecured form of loan that provides financial aid at affordable interest rates. To be eligible for a Personal Loan, the applicants need to have a stable source of income along with a good credit history.

Personal Loan in Red Hills Interest Rates and Charges 

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 Red Hills Documents Required 

Salaried Customers:

  1. Identity proof (Aadhar card/driving license)
  2. Salary slips of last three months
  3. Aadhar Card/ PAN Card/ Voter ID/ Passport
  4. Residence Proof (Owned/Rented/Company provided)
  5. Bank statements for the last 6 months
  6. Passport-sized photographs – 2

Self-Employed Customers:

  1. All financials are required (Balance Sheet, P&L Statement as well as Tax Return files)
  2. Aadhar Card/ PAN Card/ Voter ID/ Passport
  3. Residence Proof
  4. Two passport-sized photographs

personal loan at 10.75%*

 Personal Loan in Red Hills Eligibility Criteria

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

Salaried Applicants

  1. The minimum age of eligibility is 21 years and a maximum of up to 60 years.
  2. Work experience of the three years. The job location should be mentioned.
  3.  A borrower should have a minimum income of INR 25,000 per month
  4. The applicants must have an excellent credit history

Self-Employed Applicants

  1. The minimum age requirement for an independent person should be 25 years.
  2. If a businessman, then the business should be running for the past 3 years.
  3. Good credit score and there should not be any debt or dues left.
  4. ITR for the last 3 years.
  5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  6. Financial and bank statement for the previous 3 months.

How to apply for Personal Loan Red Hills?

  1. Visit dialabank
  2. Navigate to the loan section
  3. Click on the personal loan link.
  4. You will be directed to all details of the personal loan
  5. Choose your preferred city.
  6. Call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Red Hills

Every Bank and NBFC charges a fee for processing your Personal Loan application. The charges vary between 1% of the loan amount.

In case the applicant wishes to foreclose the loan before the agreed loan tenure, every bank and lending institution charges a penal prepayment fee. In most cases, the applicant cannot close your loan before 1 year. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% to 2% in the 4th year of the loan.

Personal Loan Red Hills EMI Calculator

Equated Monthly Installments are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed.  Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Red Hills

Every lending institution has its own set of criteria for the minimum CIBIL score required for processing a Personal Loan application in Red Hills. Most institutions demand a minimum score of 750 points to process your loan application.

The institutions don’t just look at the overall points but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the loan 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 Red Hills Agents

Dialabank is the leading agent for availing Personal Loan in Red Hills. Apply online at dialabank or give a call at 9878981166

Personal Loan Red Hills Contact Number

Call9878981166 and get instant help and approval for Personal Loan in Red Hills.

Pre Calculated EMI Table for Personal Loan Red Hills

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 Red Hills

Personal Loan Red HillsRed Hills is a neighborhood locality in the northwestern part of Chennai, Tamil Nadu, India. The name Red Hills was derived from the red-colored hills that were mostly present in this area in the early stage.

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