Best Banks for Personal Loan in RedHills
1% - 2.5% of the Loan Amt
Personal Loan in RedHills Features
Are 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 RedHills 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 RedHills Interest Rates and Charges
More About: Interest Rates on Personal Loan
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
0.01
Nil
Andhra Bank Personal Loan
Nil
Nil
Personal Loan in RedHills Documents Required
Salaried Customers:
- Identity proof (Aadhar card/driving license)
- Salary slips of last three months
- Aadhar Card/ PAN Card/ Voter ID/ Passport
- Residence Proof (Owned/Rented/Company provided)
- Bank statements for the last 6 months
- Passport-sized photographs – 2
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as Tax Return files)
- Aadhar Card/ PAN Card/ Voter ID/ Passport
- Residence Proof
- Two passport-sized photographs
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in RedHills Eligibility Criteria
The eligibility criteria for both Salaried and Self-Employed are different in case of Personal Loan
Salaried Applicants
- The minimum age of eligibility is 21 years and a maximum of up to 60 years.
- Work experience of the three years. The job location should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month
- The applicants must have an excellent credit history
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- If a businessman, then the business should be running for the past 3 years.
- Good credit score and there should not be any debt or dues left.
- ITR for the last 3 years.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- Financial and bank statement for the previous 3 months.
How to apply for Personal Loan RedHills?
- Visit dialabank
- Navigate to the loan section
- Click on the personal loan link.
- You will be directed to all details of the personal loan
- Choose your preferred city.
- Call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan RedHills
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 RedHills 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.
Click here for personal loan EMI calculator.
CIBIL Score required for Personal Loan RedHills
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 behaviour 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
Interest Rate 9.99%
Personal Loan RedHills 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 RedHills Contact Number
Call 9878981166 and get instant help and approval for Personal Loan in Red Hills.
Pre Calculated EMI Table for Personal Loan Red Hills
About RedHills
RedHills is a neighbourhood locality in the northwestern part of Chennai, Tamil Nadu, India. The name RedHills was derived from the red-coloured hills that were mostly present in this area in the early stage.
