Personal Loan Shillong

⋆ Interest Rate 9.99% ⋆

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      Rates as low as 9.99%*
      Loans Up to 30 Lacs
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      Table of Contents

      Personal Loan Shillong

      Best Banks Personal Loan in Shillong

      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 Shillong Features

      Personal loan ShillongYour child’s education fees are due, or whether it has taken the form of medical urgency, financial needs can travel at any unexpected time. At every point, life puts sudden financial needs in front of us that we fail to handle. A Personal Loan Shillong is a remedy for such problems which can be acquired at any time of its need in a short time.

      •  The Loan amount is based upon the income of the person.
      • There is no need for any property or asset as collateral to be kept.
      • There is no upper limit to borrow money.

      With a personal loan, everything is possible. The loan gets approved within 48 hours soon the verification process.

      Personal Loan in Shillong 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 Shillong Documents Required 

      Documents required to avail a personal loan Shillong vary for salaried customers and self-employed ones. Following are the required, important documents for both kinds of customers:

      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. For rented apartments, the rent agreement is required.

      Self-Employed Customers:

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

      personal loan at 10.75%*

      Personal Loan in Shillong Eligibility Criteria

      The Personal loan eligibility criteria for both Salaried and Self-Employed customers differ in the following aspects:

      Salaried Applicants

      • The age of the applicant should be a minimum of 21 years.
      • After that he/she should be earning Rs. 18000 per month at least.
      • The applicant should have work experience of 3 years at least.
      • He/she should be getting his salary in his/her bank account.
      • His/her credit history should be good.

      Self-Employed Applicants

      • If the applicant is self-employed, then his/her age should be a minimum of 25 years.
      • He should be filing the ITR for the last three years at least.
      • His/her CIBIL score should be good.
      • The ITR should be of Rs. 2.5 Lakhs per annum at least.

      Why Apply for Personal Loan Shillong?

      • A Loan without any form of security: Banks and NBFC don’t ask for any security or collateral. So, there is no need for one.
      • Simple Documentation: You can avail of personal loans with minimum documentation with a quick process. You only require basic documents like identity proof, address proof, income proof, etc.
      • Fast Loan Approval: It is sanctioned within 48-72 hours. After getting the documents verified, the loan will get disbursed within 24 hours.
      • Multipurpose: Personal loans can be of multipurpose uses, i.e. paying bills, holidays, marriages, buying new land, etc.
      • No Third-party: No third party involvement is required.

      How to apply for Personal Loan Shillong?

      1. Visit Dialabank
      2. Choose a personal loan option from the box.
      3. Click on Request a quote.
      4. Wait and relax as our relationship manager will soon get in touch with you.
      5. You will be guided on the best offers.

      personal loan at 10.75%*

      Processing Fee / Prepayment Charges on Personal Loan Shillong

      Every Bank and NBFC charges a processing fee for your Personal Loan Shillong. The Personal Loan Shillong processing fee is 1% of the sanctioned loan amount.

      In any case, if you wish to foreclose your loan before the agreed loan tenure, the lending institution charges you a penal prepayment fee also known as the Pre-closure charges usually if you close your loan before 12 months. Post that the charges alter depending on the tenure of loan still left. These charges range anywhere from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year.

      Personal Loan Shillong EMI Calculator

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

      You can also know your EMI using a simple tool on our website the Personal loan EMI Calculator.

      CIBIL Score required for Personal Loan Shillong

      All lending institutions have their own criteria for the minimum CIBIL score required for processing a Personal Loan application in Shillong. Most institutions demand a minimum score of 750 to process your personal loan application. Others might consider looking into other factors like income and job stability to process the loan amount.

      The institutions don’t just look at the overall score of your history with loans, but also the detailed behaviour on the previous loans had. This includes details on any loan had, your repayment methods, and the amount borrowed. Any delayed payments for previous loans can act as a hindrance to your fresh loan.

      • A CIBIL score of 750 and above is considered good.
      • A CIBIL score of 700-750 might require the bank/NBFC to check on many other factors.
      • A zero or negative CIBIL score will require bank/NBFC to check on your job’s stability, assets, house, etc. to know your capability of repayment.

      personal loan at 10.75%*

      Personal Loan Shillong Agents

      Dialabank helps you by being your trusted agent 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 Shillong. Our relationship manager will ensure you have access to the lowest possible interest rate with hassle-free documentation. The benefits of applying through DialaBank are:

      • Lowest interest rates
      • Instant Approval in 2 hours
      • Easy Documentation and flexible loan tenure
      • Get a dedicated helpline for your loan enquires.

      Personal Loan Shillong Contact Number

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

      Pre Calculated EMI Table for Personal Loan Shillong

      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 Shillong

      Shillong is a city in Meghalaya in the Northeastern part of India. It is said that the rolling hills situated around the town reminded the European settlers of Scotland. Hence, Shillong is also known as “Scotland of the East.”

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