Personal Loan Vadodara

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Major Personal Loan Providers in Vadodara

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 Vadodara Features

personal loan VadodaraAre you running short out of cash? Do not worry Personal Loan is available for you. This loan is unsecured in nature with minimal documentation and less paperwork. This loan can get approved within 48 hours after the verification process.

A personal loan will help you to overcome your financial crisis. As the name suggests, a Personal Loan may be opted by an individual due to an urgent requirement of cash, for example, any medical issue, education purpose, or wedding or to fulfill any of your other personal needs. This is a life-saver option.

To get a Personal Loan, the applicant needs to have a rigid and good source of income and a good credit history. Furthermore, there is no end-use restriction on the use of the personal loan amount. You can use this loan amount anywhere you want to do.

Personal Loan Vadodara 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 for Personal Loan Vadodara

The documents required for a personal loan varies from a salaried customer to a self-employed customer in the following manner:

Salaried Customers:

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

Eligibility Criteria for Personal Loan Vadodara

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

Salaried Applicants

  1. The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
  2. He should be working in a well-reputed organization.
  3. The applicants must have the work experience of the three years.
  4. The salary should be received in their accounts only.
  5. The applicants must have a good CIBIL score, mostly 750 and above.
  6. The job location of the applicant should be mentioned.
  7.  A borrower should have a minimum income of INR 25,000 per month.

Self-Employed Applicants

  1. The applicant should be at least 25 years of age.
  2. The applicants applying for the personal loan should have filed ITR for the last three years.
  3. In case the applicant is a businessman, then the business should be running at least from the past three years.
  4. The credit score of the individual applicants should be good. A CIBIL score of 750 is considered a good score.
  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 is the applicants have to submit his financial and his bank statement of the previous three months.

Why Apply for Personal Loan Vadodara?

  1. Easy Disbursal: There is an easy disbursal involved in the process of Personal Loan Vadodara. You can now get the loan disbursed in just one-two days and sometimes within one day only.
  2. No guarantor: The best thing about this type of loan is that you don’t have to show or keep any confidential papers.
  3. Personal Documents: When you go for this loan, make sure that all your documents are genuine as your documents speak for yourself.
  4. Simple Application Process: Your few documents, along with your passport-sized pictures, are required for filing your application form.

How to apply for Personal Loan Vadodara?

Applying for a personal loan is easy with DialaBank. Get instant personal loan on applying online with DialaBank. Just follow the steps below to enjoy a hassle-free experience:

  1. Visit our website www.dialabank.com.
  2. Go to the loan section and click on the personal loan link.
  3. The applicant will be required to fill in all the details of themselves.
  4. Click on Request a quote and our relationship manager will soon get in touch with you.
  5. For more information and free guidance, you may call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Vadodara

Every Bank and NBFC charges two kinds of fee for on Personal Loan application. The processing fee charges are mandatory for every bank/NBFC. These charges are 1% of the sanctioned loan amount.

The other is pre-closure charges which are applicable in case you wish to foreclose your loan before the agreed loan tenure. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has done. 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 Vadodara EMI Calculator

Equated Monthly Installments also know as EMI is the monthly fixed amount that the customer or applicant has to pay to the bank as the loan amount. The applicant is the borrower in such cases and the bank is the lender. EMI varies according to your loan amount and tenure. You can find the Personal loan EMI calculator on DialaBank’s website.

CIBIL Score required for Personal Loan Vadodara

CIBIL Score is the history of your payments that you have done in the past. The CIR (Credit Information Report) is the history of your credit score which checks your account’s history for different loans that you have taken (if any) and the credit card history (if you have).

Mostly a CIBIL score of 750 and above is considered good while applying for personal loan. The better the CIBIL score the easier it becomes to avail the loan.

personal loan at 10.75%*

Personal Loan Vadodara Agents

Dialabank is associated with various banks and NBFCs in Vadodara that provide personal loans at low-interest rates. Thus, DialaBank is the leading agent for availing Personal Loan in Vadodara. You can also apply online at www.dialabank.com or give a call at 9878981166.

Dialabank helps you to choose from the various options of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice. Our customer relationship managers will soon get in touch with you to assist you through the entire process.

Personal Loan Vadodara Contact Number

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

Pre Calculated EMI Table for Personal Loan Vadodara

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 Vadodara

Baroda, also known as Vadodara is the 3rd largest city in the Gujarat state of India. It lies on the banks of the Vishwamitri river. It is also home to the Maharaja Sayajirao University of Baroda, which is the largest university in the state.

FAQs About Personal Loan Vadodara

Who can apply for a Personal Loan in Vadodara?

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 in Vadodara.

What is the tenure of Personal Loan in Vadodara?

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 Vadodara?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Vadodara:

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 between 1% and 2.5% 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 Vadodara 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.

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