Puduvai Bharathiar Grama Bank Personal Loan

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Puduvai Bharathiar Grama Bank Personal Loan

Puduvai Bharathiar Grama Bank Personal Loan

Puduvai Bharathiar Grama Bank was founded in the year 2008. The Indian bank sponsored the establishment of the bank. As if for now the bank is providing its services to all the parts of Puducherry covering all four regions namely  Puducherry, Karaikal, Mahe, and Yanam.

The bank is providing banking services to uplift the lives of rural people. In addition to this, the bank is offering a personal loan to the people of Puducherry to affordable interest rate so they can realize their big, small dream without facing any problems.

How does Puduvai Bharathiar Grama Bank Personal Loan works?

  1. First, you apply for the personal loan from Puduvai Bharathiar Grama Bank.
  2. After that bank gets your loan request, the bank checks your application and compares it’s with the bank requirements.
  3. In addition to this, bank checks your CIBIL score along with your income eligibility.
  4. Finally, the bank decides the loan amount and its respective rate of interest.
  5. You take the loan from the bank, and the disbursal of the loan takes place.

Puduvai Bharathiar Grama Bank Personal Loan Advantages

  1. When we think about making a loan we always look for the interest rate. In most of the cases, the interest rate is the deciding factor.
  2. Personal Loan comes with the low-interest rate in comparison to any other loan scheme in which you don’t need to provide collateral to the bank.
  3. Also, the bank requires minimal documentation from the applicant.
  4. As a result, the processing time is less consuming.
  5. Likewise, the loaning tenure ranges from 2 years to 5 years.
  6. You might expect to get loan amount in between 40,000Rs to 40 Lacs.
  7. As the name suggests, you can use the principal loan amount in whatever way you want.
  8. For instance, you can use the loan amount to provide fundings for your daughters’ college fee.
  9. Moreover, this loan comes with multiple repayment options. Bank lets borrower decide which repayment method suits him/her the most.
  10. This loan is beneficial for both salaried as well as the self-employed applicant.

Puduvai Bharathiar Grama Bank Personal Loan Interest Rates

The minimum rate of interest you can expect from the bank on the personal loan is 10.70% annually. Also, its good to know that once you’re the interest rates get to set it will remain the same throughout the tenure period.

Also, this loan comes with foreclosure charges. Now you might be thinking what are these charges and how can I get benefit from this feature. See foreclosures is feature through which you can pay your loan amount before the tenure period and save some money as you don’t have to pay the remaining EMI’s.

You need to deposit the remaining loan amount along with the foreclosure penalty which ranges from 2-3% of the total loan amount.

Puduvai Bharathiar Grama Bank Personal Loan Documents

  1. Firstly, the bank requires an identity proof it could any of the given documents like Aadhar Card / PAN Card/ Voter ID Card/ Passport/ Driving License.
  2. Secondly, as a loan applicant, you need to provide a residence proof such as verification Aadhar Card / PAN Card/ Voter ID Card/ Passport/ Driving License/Ration Card. If in case you are paying rent you can provide your utility bills, or you can use your rental agreement papers for residence proof.
  3. Income Proof for the salaried applicant: you need to provide your latest six months of salary slip along with last six months of banking statement.
  4. Income proof for the self-employed applicant: you need to provide your ITR return papers and your audited financial papers.

Puduvai Bharathiar Grama Bank Personal Loan Eligibility

For the salaried applicant: 
  1. Applicant needs to be above 21 years and should not be more than 61 years of age at the time of availing this loan.
  2.  Also, you need to have a bank account in which your salary should be deposited
  3. Likewise, the minimum wage that bank expects from the borrower is 18, 000Rs per month.
  4. In addition to this, you must be working with the current employer for about one year at least.
  5. Furthermore, you should have at least one year of working experience.
  6. Besides that, 750 is the minimum CIBIL criteria to avail this loan
For the self-employed applicant:
  1. The applicant’s age must be in between 25 to 65 years.
  2. Moreover, the applicant’s business needs to be working for about three years.
  3. The minimum annual ITR of the applicant has to be above 2.5Lac.
  4. Most importantly the bank will approve the loan request only if the CIBIL or credit score of the applicant is above 750.

How to apply for Puduvai Bharathiar Grama Bank Personal Loan?

  1. Firstly, you need to visit our website DialaBank
  2. There, you have to fill your necessary details along with your contact information.
  3. It is required that you provide the phone number which you carry with yourself around.
  4. Now sit back and relax our RM will soon be in touch with you.
  5. We will provide you offers and deals on your loan which you can easily avail without wasting any time.
  6. Furthermore, don’t get shocked by we provide our services at free of cost.
  7. Yes, that’s right we don’t charge you anything for our expertise.
  8. Also, our services are completely transparent. Thus, you don’t have to pay hidden charges.
  9. Feel free to call us we are always happy to hear from you.

FAQs About Puduvai Bharathiar Grama Bank Personal Loan

Q. What is Puduvai Bharathiar Grama Bank Personal Loan?

A Personal Loan is a loaning scheme that can be availed to meet your urgent financial needs without the need to submit a security with the bank. You can easily apply for a Puduvai Bharathiar Grama Bank Personal Loan to finance your expenses.

Q. What is Personal Loan rate of interest in Puduvai Bharathiar Grama Bank?

Puduvai Bharathiar Grama Bank Personal Loan rates start from 10.75% per annum. The rate of interest depends on the borrower’s profile. If you have a good CIBIL Score you can expect a lower rate of interest.

Q. How can I get Puduvai Bharathiar Grama Bank Personal Loan?

You can get a Personal Loan from Puduvai Bharathiar Grama Bank by visiting the nearest branch with your documents and duly signed application form. You can also visit Dialabank’s digital platform to compare offers of different banks and financial companies.

Q. How to apply for Personal Loan in Puduvai Bharathiar Grama Bank?

You can apply for a Personal Loan with Puduvai Bharathiar Grama Bank by contacting your nearest branch in person or through Dialabank’s online portal for better convenience and to get the best deals and offers.

Q. Why apply for Puduvai Bharathiar Grama Bank Personal Loan?

Personal Loans can be used to finance all your small and big expenses. The long tenures and attractive interest rates make it easy to repay the loan in burden-free EMIs. You can use your Puduvai Bharathiar Grama Bank Personal Loan for all your personal financial needs without having to submit any security.

Q. How much EMI on Puduvai Bharathiar Grama Bank Personal Loan?

Your Personal Loan EMI depends on your loan amount, loan tenure, and rate of interest. You can visit Dialabank and use our EMI Calculator to calculate your Puduvai Bharathiar Grama Bank Personal Loan EMIs.

Q. How much CIBIL score required for Puduvai Bharathiar Grama Bank Personal Loan?

You will need a CIBIL score above 700 for your Personal Loan with Puduvai Bharathiar Grama Bank. Banks require a high CIBIL score for unsecured Personal Loans because it helps calculate the risk of default.

Q. Minimum credit score needed for Puduvai Bharathiar Grama Bank Personal Loan?

A minimum credit score of 700 is needed for Puduvai Bharathiar Grama Bank Personal Loans. A healthy credit score is a necessity to avail unsecured loans.

Q. How to calculate Puduvai Bharathiar Grama Bank Personal Loan EMI?

You can calculate your Puduvai Bharathiar Grama Bank Personal Loan EMI using the formula, E = P x R x [((1+R)^N)/((1+R)^N)-1]. Here, P is your principal loan amount, R is your rate of interest, and N is the loan tenure. You can also use Dialabank’s EMI calculator.

Q. What can I use Puduvai Bharathiar Grama Bank Personal Loan for?

Your Puduvai Bharathiar Grama Bank Personal Loan can be used to fulfill all your financial needs and meet all your personal expenses. A wedding, an event, travel and vacation, buying of consumer goods, payment of bills, and etc.

Q. Can I prepay Puduvai Bharathiar Grama Bank Personal Loan?

Yes, you can prepay your Puduvai Bharathiar Grama Bank Personal Loan by contacting your loan branch in person. In some cases, you may be required to pay a small foreclosure charge.

Q. How to prepay Puduvai Bharathiar Grama Bank Personal Loan?

Visit your Puduvai Bharathiar Grama Bank loan branch and apply for a foreclosure on your Personal Loan account. You will need to pay all the pending amount and upon verification of your payments, your loan will be closed.

Q. How to repay Puduvai Bharathiar Grama Bank Personal Loan?

You can repay your Puduvai Bharathiar Grama Bank Personal Loan in easy monthly EMIs that consist of both your principal amount and interest. You can either give a standing instruction or an ECS on your bank account for monthly deduction of EMIs.

Q. What documents are needed for Puduvai Bharathiar Grama Bank Personal Loan?

You will need your basic KYC documents along with proof of your income to apply for a Personal Loan from Puduvai Bharathiar Grama Bank. These documents are to be submitted along with a duly signed application form with the bank.

Q. How to check Puduvai Bharathiar Grama Bank Personal Loan status?

You can check your Personal Loan status by contacting your Puduvai Bharathiar Grama Bank branch in person or through customer care number.

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