Personal Loan Udupi

Best Banks for Personal Loan in Udupi

Personal Loan Udupi Features

Going through a financial crisis? Do you not want to lend your assets as security? A personal loan is the right path for you to fulfil all your requirements. The money sanctioned by the bank can be put to numerous uses without any limitations. Get Personal Loan online with a minimum rate of interest and minimal documentation through DialaBank.

Personal Loan Udupi Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents for Personal Loan Udupi

Salaried Customers:

1. Salary slips of last three months submitted by the applicant
2. The government authorized ID proof: Aadhar card/driving license/ Voter ID
3. Bank statements for the last 6 months
4. PAN Card
5. 2 recent Passport-sized photographs (colored)
6. Proof of address which includes Passport Copy/ Telephone Bill/ Voter ID

*NOTE: In case of rented apartments, a rent agreement needs to be attached.

Self-Employed Customers:

1. Residence Proof which includes Passport Copy/ Telephone Bill/ Voter ID
2. All financials are required (Balance Sheet, P&L Statement as well as ITR files) to be submitted by the borrower
3. 2 recent passport-sized photographs (colored)
4. Bank statements for the last 6 months
5. ID Proof: Aadhar card/driving license/ Voter ID
6. PAN Card

Eligibility Criteria for Personal Loan Udupi

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

Salaried Applicants

1. The applicants should not have any dues left and should have a good CIBIL score.
2. Minimum age: 21 years
3. Maximum age: 60 years
4. The borrower should have work experience of a minimum of 3 years at the current job.
5. The job location of the borrower should be mentioned on the form

Self-Employed Applicants

1. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
2. The minimum age requirement for an independent person should be 25 years.
3. The applicants applying for the personal loan should file ITR for the last three years.
4. If the applicants are the businessman, then the business should be running from the past three years.
5. The credit score of the individual applicants should be good .there should not be any debt or dues left.
6. Financial and the borrower should provide his bank statement for the last 3 months.

Click here to know more about eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Udupi?

1. Banks do not require any collateral security for loan approval.
2. The amount of a personal loan depends upon the repayment of individual income and capacity.
3. A Personal Loan does not require any guarantor or nominee for loan approval.
4. It is a multi-purpose offer loan that can be put to use for any purpose.

How to apply for Personal Loan Udupi?

1. Visit Dialabank.
2. Go to the loan section and click on the tab personal loan
3. After that, the applicant is required to provide the personal and income details
4. Our executives will then assist as per eligibility
5. You may call on 9878981166 for further information and free guidance

Processing Fee / Prepayment Charges on Personal Loan Udupi

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

If 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 your loan before 12 months. However, depending on how many years the loan has been done, the charges differ. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Udupi EMI Calculator

Repayment of the loan amount borrowed from the bank is made in Equated Monthly Installments, also known as EMI, the monthly fixed charges.  Based on your profile, the interest rate on your loan is determined. The EMI is calculated based on the personal loan Interest Rate, the amount of loan you have to take, and the period you enjoy the loan.

Get to know more about EMI Calculator: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Udupi

Different institutions offering Personal Loan have their own criteria for the minimum CIBIL score required for processing a Personal Loan application in Udupi. However, most institutions have the criteria for a minimum score of 750 for further processing your loan application.

The institutions look at the overall score and the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can cause future inconvenience.

Personal Loan Udupi Agents

Dialabank is the leading agent for availing Personal Loan in Udupi. You can apply online at Dialabank or give a call at 9878981166

Personal Loan Udupi Contact Number

Call 9878981166 and get Instant Personal Loan in Udupi.

Pre Calculated EMI Table for Personal Loan Udupi

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