Personal Loan Valsarvakkam

For Instant Approval ↓Apply Here↓

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

About Personal Loan Valsarvakkam

Looking for a way to take your family on a foreign trip but don’t want to spend your saving? Thinking about taking a loan from the bank doesn’t have the required collateral? Are you looking for funds to buy a new machine to double your productivity? Then we are here to help you. With a personal loan, you can do whatever you want nobody will interfere. As the name suggests this loaning scheme is used for the personal loan, it can be anything. You can use Personal Loan Valsarvakkam amount in paying your medical expenses, or you can use the funds to pay the wedding expenses.

For taking Personal Loan Valsarvakkam, one must have a good CIBIL or credit score. In case your credit is low then no matter what bank won’t be providing the loan amount.

Also, you can avail Personal Loan Valsarvakkam online via financial portals like DialaBank and Paisso and get special offers and deals on your credit.

Eligibility for taking Personal Loan Valsarvakkam

Personal Loan Valsarvakkam

For salaried applicant:

  1. To avail personal loan the required age of salaried applicant should be 25 – 65 Years.
  2. Also, as a salaried applicant needs to have a one year of experience.
  3. In addition to this, the applicant has to be working with the current employer for about six months at least.
  4. Similarly, the salary of an application needs to come to a bank account.
  5. The minimum salary requirement to avail personal loan is 18,000 Rs this could also change depending on the area where the applicant is living.
  6. Most importantly, the CIBIL of salaried applicant needs to be above 750 to avail this loan.

For the self-employed applicant:

  1. Firstly, the age of the applicant needs to be in between 21 years to 71 years.
  2. Furthermore, a business must be up and running for at least three years.
  3. Also, the annual turnover of your business needs to be above 30 Lacs.
  4. Similarly to the salaried applicant, the self-employed borrower must have an account in a bank.

Interest Rate for Personal Loan Valsarvakkam

10.75% is the minimum rate of interest that you can get on these loans. Also, the once the interest rate gets decided it remains the same throughout the loan tenure. One more thing that you need to keep in mind before you get yourself a personal loan is it comes with foreclosure facility meaning you can close the loan amount before tenure period and save a couple of bucks. The foreclosure charges range from 2-3% of the total loan amount.

Documentation for taking Personal Loan Valsarvakkam

  1. Residence proof:- Passport/ Driving License/Ration Card/ Aadhar Card / PAN Card/ Voter ID Card /Utility bills of the latest three months or you can provide your rental agreement papers.
  2. Identity Proof:-  Aadhar Card / PAN Card/ Voter ID Card/ Passport/ Driving License. The applicant can use any one of these following documents as an identity proof.
  3. Salaried applicant Income proof: 6 months of salary receipt and six months of the latest bank statement.
  4. Income proof for Self-employed: last years ITR return documents and audited financial papers.

About Valsarvakkam

Valasaravakkam is the town located in Chennai, which resides in the Indian state of Tamil Nadu. Before world war two it was a village, but during the wartime, many planned residential colonies have started to show up in the city.

Personal Loan in Other Cities of Tamil Nadu

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%
ICICI Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan
500/- to 0.50%
Kotak Personal Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan
Muthoot Personal Loan
Manappauram Personal Loan
PNB Personal Loan
0.70% to 1%
Canara Bank Personal Loan
Andhra Bank Personal Loan

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

Other Personal Loan Cities in Tamil Nadu

Personal Loan AtturPersonal Loan Avanashi
Personal Loan BapurasapuramPersonal Loan Batlagundu
Personal Loan ChengalpattuPersonal Loan Chidambaram
Personal Loan Coonoor

Share This