Personal Loan Srinagar

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

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 Srinagar

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 Srinagar Features

Personal loan Srinagar

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

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 Required for Personal Loan in Srinagar

Salaried Customers:

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

*NOTE: In 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%*

Personal Loan in Srinagar Eligibility Criteria

The Personal Loan Eligibility criteria for both Salaried individuals and Self-Employed individuals are different:

Salaried Applicants

  1. The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
  2. The applicants must have the work experience of the three or five years.
  3. The applicants must have a valid credit history.
  4. The job location of the applicant should be mentioned.
  5.  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

  1. The minimum age requirement for an independent person should be 25 years.
  2. The applicants applying for the personal loan Srinagar should file ITR for the last few years.
  3. If the applicants are the businessman, then the business should be smoothly running from the past three years.
  4. The credit score of the individual applicants should be eligible.
  5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  6. 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?

  1. Visit www.dialabank.com.
  2. Then click the loan section and click on the personal loan link.
  3. The applicant will be presented with all details of the personal loan Srinagar where you can choose their preferred city.
  4. For more details, information, and free guidance, you may call on 9878981166.

personal loan at 10.75%*

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 at 10.75%*

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

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 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
Menu