Best Banks for Personal Loan in Srinagar
1% - 2.5% of the Loan Amt
Personal Loan in Srinagar Features
Do you need money for the purchase of Gold jewelry for Loved ones? Do you need money for the renovation or painting of the house? Here is the solution, you can avail of the personal loan. This Personal loan Srinagar is an instant loan that can be provided without any collateral pledge and for your uncertain needs
This loan provides flexibility in the use of funds as per your needs and necessities. The loan is provided to those individuals who are having good CIBIL scores or reputed credit history.
Personal Loan Srinagar is an unsecured loan that provides financial aid to the customers at affordable interest rates. To get a Personal Loan Srinagar, the applicant needs to have a Valid and good source of income and has a good credit history.
Furthermore, there is no end-use restriction or any strict restriction on the use of the personal loan amount. You can use this Personal loan Srinagar amount wherever you want to spend
Personal Loan in Srinagar Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Documents Required for Personal Loan in Srinagar
Salaried Customers:
- Identity proof (Aadhar card/driving license)
- Salary slips of last three months
- Bank statements for the last 6 months
- PAN Card
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
*NOTE: In case of rented apartments, rent agreement needs to be attached.
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhar Card
- Residence Proof
- Two passport-sized photographs
Personal Loan in Srinagar Eligibility Criteria
The Personal Loan Eligibility criteria for both Salaried individuals and Self-Employed individuals are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
- The applicants must have the work experience of the three or five years.
- The applicants must have a valid credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month
Click here to know or read more about- Personal Loan Salaried Applicant
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan Srinagar should file ITR for the last few years.
- If the applicants are the businessman, then the business should be smoothly running from the past three years.
- The credit score of the individual applicants should be eligible.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan Srinagar is the applicants have to submit his financial and his bank statement of the previous three months.
Click here to –Personal loan Self-employed Applicant
How to apply for Personal Loan in Srinagar?
- Visit www.dialabank.com.
- Then click the loan section and click on the personal loan link.
- The applicant will be presented with all details of the personal loan Srinagar where you can choose their preferred city.
- For more details, information, and free guidance, you may call on 9878981166.
Processing Fee / Prepayment Charges on Personal Loan in Srinagar
Every Bank and NBFC charges a fee for processing your Personal Loan Srinagar application. These charges are 1% of the sanctioned loan amount.
In case you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close or stop your loan before 12 months. Post that the charges vary depending on how many years the Personal loan Srinagar has done. These charges vary from 4 percent of the outstanding loan amount in the 2nd year to 2 percent in the 4th year of the Personal loan.
Personal Loan EMI Calculator Srinagar
Equated Monthly Installments also know as EMI 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 Personal loan Srinagar is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of Personal loan Srinagar you have to take and the period for which you enjoy the Personal loan. The Personal Loan EMI Calculator as follows:
CIBIL Score required for Personal Loan Srinagar
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Srinagar. Most institutions require a minimum score of 750 to process your Personal loan Srinagar application.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of Personal loan taken and the amount borrowed from the bank. Any delayed payments for previous Personal loans can act as a barrier to your availing a fresh loan.
Personal Loan Srinagar Agents/Broker
Dialabank is the leading agent for availing Personal Loan Srinagar. You can apply or visit online at www.dialabank.com or give a call at 9878981166
Dialabank helps you to find the best option of Banks and NBFCs by providing you with a best-detailed market comparison of different banks providing personal loans so that you can make the right choice. Visit the website www.dialabank.com and submit a simple form with your personal and employment details. Our customer relationship managers will soon call you.
Personal Loan Srinagar Contact Number
Call 9878981166 and get instant help and approval for Personal Loan Srinagar.
Pre Calculated EMI Table for Personal Loan Srinagar
About Srinagar
Srinagar is the largest city and the summer capital of the Indian union territory of Jammu and Kashmir. It lies in the Kashmir Valley on the banks of the Jhelum River, a tributary of the Indus, and Dal and Anchar lakes. The city is known for its natural environment, gardens, waterfronts, and houseboats.
Personal Loan Interest Rates: Updated 2020
|
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
Other Personal Loan Cities in Jammu & Kashmir
| Personal Loan Adityapur | Personal Loan Bokaro |
| Personal Loan Chaibasa | Personal Loan Chakradharpur |
| Personal Loan Anandpur | Personal Loan Anasarapur |
| Personal Loan Bagdehi | Personal Loan Balangir |
FAQs About Personal Loan Srinagar
✅Who can apply for a Personal Loan in Srinagar?
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 Srinagar
✅What is the tenure of Personal Loan in Srinagar?
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 installments within the agreed tenure of the loan.
✅Are there any other charges involved in Personal Loan Srinagar?
Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan Srinagar:
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 amount of processing fee varies for each lending institution and is normally 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 Srinagar 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.
Other Personal Loan Cities
| Personal Loan Kathua | Personal Loan Srinagar |
| Personal Loan Doda | Personal Loan Sopore |
| Personal Loan Budgam | Personal Loan Katra |
| Personal Loan Udhampur | Personal Loan Baramulla |
Table of Contents
- 1 Best Banks for Personal Loan in Srinagar
- 2 Personal Loan in Srinagar Features
- 3 Personal Loan in Srinagar Interest Rates
- 4 Documents Required for Personal Loan in Srinagar
- 5 Personal Loan in Srinagar Eligibility Criteria
- 6 How to apply for Personal Loan in Srinagar?
- 7 Processing Fee / Prepayment Charges on Personal Loan in Srinagar
- 8 Personal Loan EMI Calculator Srinagar
- 9 CIBIL Score required for Personal Loan Srinagar
- 10 Personal Loan Srinagar Agents/Broker
- 11 Personal Loan Srinagar Contact Number
- 12 Pre Calculated EMI Table for Personal Loan Srinagar
- 13 About Srinagar
- 14 FAQs About Personal Loan Srinagar
