Personal Loan Varanasi

⋆ 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

Best Banks for Personal Loan in Varanasi

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 Varanasi Features

Are you running short out of cash? Do not worry Personal Loan is available for you. This loan is with minimal documentation and less paperwork. This loan will get approved in 48 hours after the verification process.Personal Loan Varanasi Features

Personal Loan Varanasi is an unsecured loan that provides financial aid to the customers at affordable interest rates. To get a Personal Loan, the applicant needs to have a rigid and good source of income and has a good credit history.there is no restriction on the use of the personal loan amount. You can utilize this loan amount anywhere you want to do.

Personal Loan in Varanasi 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 Varanasi

Salaried Customers:

  1. Identity proof (Aadhaar 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. Aadhaar Card
  4. Residence Proof
  5. Two passport-sized photographs

personal loan at 10.75%*

Personal Loan in Varanasi Eligibility Criteria

The eligibility criteria for both Salaried and Self-Employed for getting a personal loan in Varanasi are different:

Salaried Applicants

  1. The minimum age requirements of the individual should be 21 years and a maximum up to 60 years.
  2. The applicants must have the work experience of the three years. And the salary should be collected in their accounts only.
  3. The applicants should have a good 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 more about- Salaried Applicant

Self-Employed Applicants

  1. The minimum age requirement for an independent person should be 25 years.
  2. The applicants should have the ITR files for the last three years.
  3. If the applicants are the businessmen, then the business must be running from the past three years.
  4. The credit score of the applicants should be good. There should not be any debt or dues behind.
  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.

Click here to know more – Self-employed Applicant

Why Apply for Personal Loan in Varanasi?

  1. There is no requirement of any mortgage and collateral security to the bank.
  2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to money matters.
  3. The amount of personal loans depends upon the applicant’s income and capacity.
  4. Personal Loan does not require any guarantor.

How to apply for Personal Loan in Varanasi?

  1. Visit www.dialabank.com.
  2. Go to the loan section and go to the personal loan link.
  3. The applicant will be directed to your personal loan details where you can pick your preferred city.
  4. For more information and assistance without any cost, you may call on 9878981166.

personal loan at 10.75%*

Processing Fees / Prepayment Charges on Personal Loan in Varanasi

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

In case you choose to foreclose your loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, you can’t close your loan before 12 months. After that, the charges alter how many years the loan has done. These charges alter from 4% in the 2nd year to 2% in the 4th year of the loan amount.

Personal Loan EMI Calculator Varanasi

Equated Monthly Installments is called EMI that is the monthly fixed charges that you pay to the bank for the loan amount borrowed.  Based on your profile, the interest rate on your loan is settled. Your EMI can be calculated on the basis of the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Varanasi

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Varanasi. Most foundations need a minimum score of 750 to process your loan application.

The institutions look after the CIBIL score and the detailed behavior on the previous loans taken as well. This includes details on the type of loan taken and the loan amount borrowed. Any delayed payments for previous loans can act as a hurdle to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Varanasi Agents/Broker

Dialabank is the leading agent for availing Personal Loan in Varanasi. You must apply online at www.dialabank.com or call at 9878981166

Dialabank assists you to find the best option of Banks and NBFCs by offering you with a detailed market comparison of different banks so that you can make the right choice. Visit our website www.dialabank.com and fill a simple form using your personal and employment details. Our customer relationship managers will soon get in touch with you.

Personal Loan Varanasi Contact Number

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

Pre Calculated EMI Table for Personal Loan Varanasi

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 Varanasi

Varanasi is located in the northern Indian state of Uttar Pradesh dating to the 11th century B.C. Regarded as the spiritual capital of India, the city draws out Hindu pilgrims who bathe in the Ganges River’s sacred waters and perform funeral rites. Alongside the city’s winding streets are some 2,000 temples, including Kashi Vishwanath, the “Golden Temple,” dedicated to the Hindu god Shiva.

FAQs About Personal Loan Varanasi

Who can apply for getting a Personal Loan in Varanasi?

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 Varanasi.

What is the tenure of Personal Loan in Varanasi?

Most of the Banks and NBFCs offer a Personal Loan for a min duration of 1 Yr and a max duration of 5 Years. There are some Banks which enlarge the maximum duration to 7 Years also. The tenure is fixed and cannot be expanded. The repayment is done in equal monthly installments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Varanasi?

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

Processing Fee: For every bank that you borrow from, there is a small fee that they charge from the consumer is known as Processing Fee. The loan amount of processing fee varies for each lending institution and from 1% and 2.5% of the loan amount.

Pre-closure Charges: Whenever you wish to close a running loan before its agreed loan tenure period, the Banks and NBFCs charge an additional amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary on how many years has your loan completed before you decide to pre-close it.

Can my application for Personal Loan Varanasi get rejected due to my CIBIL score?

Since Personal Loan is a less secured loan, one of the most important criteria for availing a Personal Loan application approved is your CIBIL Score. Having a good CIBIL score becomes extremely important if you want to get 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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