Rajasthan Marudhara Gramin Bank Personal Loan

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Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
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About Rajasthan Marudhara Gramin Bank Personal Loan

Rajasthan Marudhara Gramin Bank Personal Loan

Rajasthan Marudhara Gramin Bank came into existence when the two banks Marudhara Gramin Bank and Mewar Aanchalik Gramin Bank joined hands together. The banks provide banking services in the rural parts of Rajasthan. A collaboration was done under the guidance of state bank of India.
As the collaboration, the operation area of the bank also increased, and at the current moment, the bank occupies customers from more than 19 districts of Rajasthan. Its head office is in the city of Jodhpur, Rajasthan. In addition to this bank has come up with Self Help Groups and Joint Liability groups to ease the difficulty of the unemployed rural population of the state.
In the year 2017, the bank has established a vast 692 numbers of branches in the state of Rajasthan. One of the services that Rajasthan Marudhara Gramin Bank provide is the personal loan. This scheme is widespread in rural parts as it is accessible to avail and can help an individual to solve their financial problems in no times.
Did your crops did not yield the good result?! Are you thinking of buying a new tractor for making the irrigation process a bit faster? Looking for funds to build a shelter for your Camels? Then personal loan is the right thing for you.
Like the name, you are free to use the principal amount of this loan in any way you want. In this loaning scheme, a bank does not take any collateral from the borrower and provides loan amount by his/her documents and income eligibility. Moreover, to avail this loan your CIBIL or credit score needs to be good this is the main priority.

How Rajasthan Marudhara Gramin Bank Personal Loan works

  1. Firstly, what you need to do is you need to apply for a personal loan which you can do online.
  2. Once the application is submitted bank will check your loan request.
  3. In addition to this, a bank also evaluates your CIBIL and income eligibility.
  4. Once these evaluations are done bank decides the loan amount and its interest rates.
  5. Finally, the disbursal of the loan takes place, and you take the loan amount with you.

Advantages of Rajasthan Marudhara Gramin Bank Personal Loan

  1. Firstly, you don’t need to provide any collateral to the bank.
  2. Thus,  the loan amount is independent of the collateral.
  3. Furthermore, the documentation requirement is minimal.
  4. As a result, you expect your loan application to be approved within a day or two at most.
  5. Similarly, the rate of interest for this particular loaning scheme is affordable.
  6. Therefore, the borrower can quickly repay the money.
  7. This loaning scheme is one of the fastest and the most reliable plan from which you can take a loan from a bank without providing any depositions to the bank.
  8. Besides, this loan is available for both salaried and self-employed individuals. Thus, anyone can take benefits from it if they full-fill the requirements.

Documents for Rajasthan Marudhara Gramin Bank Personal Loan

  1. Identity Proof: An identity proof it can be an Aadhar card, PAN card, Driving license, voter ID card or your passport
  2. Residence proof: Your Aadhar card, PAN card, Ration card, voter ID card, driving license, or passport is considered as the proof of residence. In addition to this, if you are living on rent, then the rent agreement or water/electricity bills for the last three months can be considered.
  3. Income proof for the salaried applicant: borrower requires to provide six months of bank statements along with six months of salary slips.
  4. Income proof for the self-employed applicant: self-employed applicant needs to show latest ITR documents and audited financial papers of business.

Eligibility for Rajasthan Marudhara Gramin Bank Personal Loan

 For salaried applicant
  1. Bank allows 21 years as the minimum age and maximum age for availing this loan is 61 years for the salaried applicant.
  2. One more thing that you need to keep in mind is that your salary should be at least 18,000 Rs monthly.
  3. The salary of the borrower needs to come to a bank account.

For self – employed an applicant

  1. The minimum age to avail personal loan is 25, and the maximum is 65 years.
  2. Also, your business should be providing its services for the past three years.
  3. Likewise,  borrower’s business annual turnover must be above 30 Lac.
  4. Furthermore, ITR amount needs to be at least 2.5 Lac of the past year.

Avail your Personal Loan needs with Dialabank

How to avail a personal loan?

See you can avail for a personal loan online by following these easy steps.
  1. Firstly, you need to go to our website https://www.dialabank.com/
  2. Now once you reach the homepage, you need to fill a form with your necessary details.
  3. Also, you need to provide your phone number, and it’s vital that you offer a correct phone number.
  4. Now from here onwards, your work is done, and ours will start.
  5. One of our RM will reach you via phone call within 30 minutes.
  6. Dialabank will provide you offers and deals on your loan which you can easily avail near your location.
  7. In addition to this, we provide our services at free of cost that’s right you don’t have to pay us anything.

FAQs About Rajasthan Marudhara Gramin Bank Personal Loan

Q. What is Marudhara Rajasthan Gramin Bank Personal Loan?

When you are in urgent need of financial help you can apply for a Personal Loan from Rajasthan Marudhara Gramin Bank. A Personal Loan can be availed without the need for submitting a security and loan amount can be used for any personal need.

Q. What is Personal Loan rate of interest in Rajasthan Marudhara Gramin Bank?

Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan?

You can get a Personal Loan from Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank?

You can apply for a Personal Loan with Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan for all your personal financial needs without having to submit any security.

Q. How much EMI on Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan EMIs.

Q. How much CIBIL score required for Rajasthan Marudhara Gramin Bank Personal Loan?

You will need a CIBIL score above 700 for your Personal Loan with Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan?

A minimum credit score of 700 is needed for Rajasthan Marudhara Gramin Bank Personal Loans. A healthy credit score is a necessity to avail unsecured loans.

Q. How to calculate Rajasthan Marudhara Gramin Bank Personal Loan EMI?

You can calculate your Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan for?

Your Rajasthan Marudhara Gramin Bank Personal Loan can be used to fulfil 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 Rajasthan Marudhara Gramin Bank Personal Loan?

Yes, you can prepay your Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan?

Visit your Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank Personal Loan?

You can repay your Rajasthan Marudhara Gramin 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 the monthly deduction of EMIs.

Q. What documents are needed for Rajasthan Marudhara Gramin Bank Personal Loan?

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

Q. How to check Rajasthan Marudhara Gramin Bank Personal Loan status?

You can check your Personal Loan status by contacting your Rajasthan Marudhara Gramin Bank branch in person or through customer care number.

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