Purvanchal Bank Personal Loan

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Why us?

Rates as low as 10.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Purvanchal Bank Personal Loan

Purvanchal Bank Personal LoanPurvanchal Bank was formed by the sponsorship of State Bank of India. The bank has established its headquarters in the city of Gorakhpur which is in Haryana. At present, the bank is jointly owned by the government of India and the government of Uttar Pradesh.

How does Purvanchal Bank Personal Loan work? 

  1. See first you need to apply for the Purvanchal Personal Loan online.
  2. Once you submitted your loan application, it gets a transfer to the bank. There one of the bank employees will evaluate it on the basis banks standards.
  3. In addition to this, the bank will also check income eligibility and your CIBIL score.
  4. If your loan request full-fills all the criteria bank will come up with the loan amount and its respective interest rates.
  5. Finally, the disbursal of the loan takes place, and you get the principal amount from the bank.

Purvanchal Bank Personal Loan Benefits 

  1. Firstly, while availing for a personal loan, our primary concern is the amount of interest that we have to pay on our loan amount.
  2. For this loan, the bank offers minimal interest rate from the borrower.
  3. Also, the documentation required for a personal loan is not much
  4. As a result, approval can be done within 2 hours of applying If all your documents full-fills the criteria.
  5. Bank lets you decide how you want to repay your loan. A personal loan allows multiple re-payment methods.
  6. Furthermore, you can expect the loan amount to be ranging from 50,000 Rs to 30 Lacs from these loans.
  7. Likewise, as the name signifies you can use the principal amount of loan in whatever way you want there is no restriction on spending.
  8. Lastly, both salaried and self-employed applicants are eligible for availing this loan and use it according to their needs.

Puvranchal Bank Personal Loan Eligibility

For the salaried applicant:
  1. Firstly, the age of the applicant needs to be above 21 and maximum age to avail this loan is 61.
  2. Also, for the salaried applicant bank requires 18,000 Rs as minimum monthly salary.
  3. Likewise, you need to have an account in a bank, and your salary should come to that bank account.
  4. Last but not least for availing personal loan a salaried applicant’s CIBIL needs to be at least 750.
For the self-employed applicant:
  1. Your age should stay between the range of 21 years to 71 years.
  2. Likewise, applicant’s business must be up to running for about three years.
  3. Moreover, your business must have at least 30 Lacs of turnover to avail this loan.
  4. In addition to this, you must have an account in a bank.
  5. Last year ITR of business needed to be at least 2.5 Lac.
  6. Most importantly just like a salaried applicant, your CIBIL needs to be above 750.

Purvanchal Bank Personal Loan Documents 

  1. Identity Proof:-  Aadhar Card / PAN Card/ Voter ID Card/ Passport/ Driving License. The applicant can use any one of the above.
  2. Residential Proof:- Aadhar Card / PAN Card/ Voter ID Card/ Passport/ Driving License/Ration Card/Utility bills of last three months on the name of applicant/ Rent Agreement.
  3. Income proof for the salaried applicant: you need to provide six months of income receipt along with your banking statement of the past six months.
  4. Income proof for the self-employed applicant:- you need to show ITR papers of last years.

How to avail for Purvanchal Bank Personal Loan?

  1. You can avail personal loan easily. Follow these steps which are written down below, and you are done.
  2. First, you need to go to https://www.dialabank.com/
  3. Now, once you are on our website, you need to fill your contact number along with your necessary details.
  4. It is vital that you provide your correct contact details.
  5. DialaBank will make sure that your loan application gets a high loan to value ratio.
  6. Also, our RM will look for the best deal for you which you can easily avail near your location without wasting any time.
  7. Feel free to call us anytime we are always there to assist you.
  8. You don’t need to pay us a thing. Yes, you read that correct our service is free of cost we don’t charge you anything.

FAQs About Purvanchal Bank Personal Loan

Q. What is Purvanchal Bank Personal Loan?

If you find yourself in need of urgent funds for your personal expenses like wedding, travel, payment of bills, and etc. You can apply for a Personal Loan from Purvanchal Bank and fulfill all your needs. Personal Loans come with long tenures for easy repayment with attractive interest rates.

Q. What is Personal Loan rate of interest in Purvanchal Bank?

Personal Loan rate of interest in Purvanchal Bank starts at 10.75% per annum. You can visit Dialabank’s online portal to compare the rates of different banks and finance companies across India.

Q. How can I get Purvanchal Bank Personal Loan?

To get a Personal Loan you will have to visit the nearest branch with basic KYC documents, PAN card, and income proofs(salary slips, bank statement). You can also contact Dialabank to avail of the best financial advice and get the personally curated deals and offers for all your financial needs.

Q. How to apply for Personal Loan in Purvanchal Bank?

Apply for a Personal Loan by walking into the nearest Purvanchal Bank branch with all the requisite documents. You can also apply online with Dialabank and avail personalized assistance for all your financial needs.

Q. Why apply for Purvanchal Bank Personal Loan?

Purvanchal Bank Personal Loans can be used for any personal financial needs. Be it a wedding, travel, bills, repair and renovation of home, and etc. You do not have to provide any collateral security in exchange for your loan and the repayment can be done in monthly installments, EMIs.

Q. How much EMI on Purvanchal Bank Personal Loan?

Calculate your Purvanchal Bank Personal Loan EMI using your loan tenure, loan amount, and rate of interest on Dialabank’s EMI calculator and apply for all your loan needs with us.

Q. How much CIBIL score required for Purvanchal Bank Personal Loan?

A CIBIL score above 700 is preferred by Purvanchal Bank to disburse a Personal Loan. Being an unsecured loan your CIBIL score plays a big role in determining your loan eligibility as it calculates the risk of default for your lender.

Q. Minimum credit score needed for Purvanchal Bank Personal Loan?

The credit score is a measurement and estimate of your creditworthiness. Purvanchal Bank requires you to have a credit score of at least 700 to consider your loan application for approval.

Q. How to calculate Purvanchal Bank Personal Loan EMI?

Use your loan amount, loan tenure, and rate of interest to calculate your Personal Loan EMI using the EMI calculator available on Dialabank’s website.

Q. What can I use Purvanchal Bank Personal Loan for?

You can use your Purvanchal Bank Personal Loan for a number of financial needs such as funding your marriage or that of a relative, pay all your big and small bills, renovate or repair your home, and etc.

Q. Can I prepay Purvanchal Bank Personal Loan?

If you have the required funds you can pre-close your loan by visiting the branch of Purvanchal Bank from where your loan was approved and asking your banker about the prepayment facilities.

Q. How to prepay Purvanchal Bank Personal Loan?

When you have the required money and feel the need to close your loan at once, just visit the nearest Purvanchal Bank branch with your loan documents and apply for a foreclosure. You may be asked to pay a small foreclosure fee in addition to your outstanding loan amount.

Q. How to repay Purvanchal Bank Personal Loan?

Repay your Personal Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. Your Purvanchal Bank Personal Loan can be repaid through post-dated cheques too.

Q. What documents are needed for Purvanchal Bank Personal Loan?

Aadhar Card/Voter ID, PAN Card, Salary Slips, Bank Statement, and ITR File are the documents that are required to avail a Personal Loan from Purvanchal Bank.

Q. How to check Purvanchal Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Purvanchal Bank to know the status of your loan application and stay updated.

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