Personal Loan Vellore

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Major Personal Loan Providers in Vellore

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.50% - 18.50%
10.75%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
25000
15000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
1 - 5 Years
9 months to 24 months
1 month to 24 months
Processing Fee
0.99% to 2.0% of the Loan Amt
0.25% to 1.50%
Nil
Preclosure Chgs
2%, Nil foreclosure charges after 3 months
2%, Nil foreclosure charges after 9 months
Nil
Overdraft Facility
Yes
Yes
Yes

Personal Loan Vellore Features

Personal Loan VelloreA personal loan will help you in many ways as you expect. Maybe it’s your wedding, event, or any holiday plan, this loan gives you wide options to execute them. Before moving forward, you should know some basic details of a personal loan.

  •  The Loan amount depends upon the income and repayment capability of the person.
  • It is a multi-purpose offer that can be used for almost all financial problems of life.
  • No need to put any property or asset as collateral to the lender.
  • No cosigner needed.

With a personal loan everything is possible. As the name suggests, you can use the loan amount in any way without having to worry about the restrictions. You can use the loan amount to pay your medical expenses, or you can use the loan amount to fund your child’s wedding. The loan is unsecured in nature with minimal documentation and less paperwork. This loan can get approved within 48 hours after the verification process.

Personal Loan Vellore 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 Vellore

Documents required to avail a personal loan vary for salaried customers and self-employed ones. Following are the important documents for both kinds of customers:

Salaried Customers:

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

*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%*

Eligibility Criteria for Personal Loan Vellore

The Personal loan eligibility criteria also differ for both Salaried and Self-Employed customers:

Salaried Applicants

  • Minimum age: 21 year
  • Maximum age: 60 years
  • Net monthly income: Above Rs. 18,000
  • Minimum Experience:6 months in the current job. * In the case of Super A company minimum experience in the current job required is 3 months.
  • Total-experience required: 1 year
  • Cibil score 700+

Self-Employed Applicants

  • Minimum age: 25 years.
  • Maximum age: 65 years.
  • Minimum annual turnover: Rs. 20 lakh
  • Experience in current business: 3 years
  • Total-experience in business: 5 years

Why Apply for Personal Loan Vellore?

  • A Loan without any security: Banks don’t ask for any security or collateral. So, there is no need for depositing collateral or security.
  • Simple Documentation: You can get it with minimum documentation with a quick process. Banks need some basic documents of a customer like identity proof, address proof, income proof, etc.
  • The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.
  • Fast Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, the loan will get disbursed within 24 hours of verification.
  • Multipurpose: Personal loans can be used for various purposes i.e. paying bills, holidays, weddings, buying new land, etc.
  • No Third-party: It is a relationship between the borrower and the lender. The loan is directly given to the customer without the involvement of the third party.

How to apply for Personal Loan Vellore?

  1. Visit www.dialabank.com.
  2. Fill in the required details like name, income, location, etc.
  3. Choose a personal loan option from the box.
  4. Click on Request a quote.
  5. Wait as our relationship manager will soon get in touch with you.
  6. For more information and free guidance, you may call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Vellore

Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary between 1% to 2.5% 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 known as the Pre-closure charges. 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 Vellore EMI Calculator

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, income, loan amount, and tenure the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank which is required to be paid every month.

You can also determine your EMI using the Personal loan EMI Calculator.

Enter Loan Information:
1) Loan Amount (Rs.):
2) Rate of Interest (Annual)
3) Loan Tenure (Years)
Payment Information:
4) Your monthly payment will be:
5) Your total payment will be:
6) Your total interest payments will be:

CIBIL Score required for Personal Loan Vellore

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Allahabad. Most institutions require a minimum score of 750 to process your loan application. Others might look into other factors like income and job stability to process the loan.

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 loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

  • A CIBIL score of 750 and above will ensure you easy accessibility to loans.
  • A CIBIL score of 700-750 might require the bank/NBFC to check on other factors.
  • A zero or negative CIBIL score will require bank/NBFC to check on your job’s stability, assets, house, etc.

personal loan at 10.75%*

Personal Loan Vellore Agents

Dialabank helps you in comparing various banks and NBFCs so that you can avail the best offers available according to your need. DialaBank is you best agent available for personal loan in Allahabad. Our relationship manager will ensure you get the best loan at the lowest possible interest rate with hassle-free documentation. The benefits of applying through DialaBank are:

  • Lowest interest rates
  • Instant Approval in 2 hours
  • Easy Documentation and flexible loan tenure
  • Get a dedicated helpline for your loan enquires

Personal Loan Vellore Contact Number

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

Pre Calculated EMI Table for Personal Loan Vellore

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 Vellore

Vellore is a city in the Indian state of Tamil Nadu, which lies on the banks of the Palar River and also famous for its historic fort built in the 13th century.  The district is well connected by Railways and bus routes to the larger towns of the neighboring states like Andhra Pradesh, Karnataka, and Kerala.

FAQs About Personal Loan Vellore

Who can apply for a Personal Loan in Vellore?

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 Vellore.

What is the tenure of Personal Loan in Vellore?

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 Vellore?

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

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 Vellore 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 in Tamil Nadu

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

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