Vidharbha Konkan Gramin Bank Personal Loan Approval Process

Vidharbha Konkan Gramin Bank Personal Loan Approval Process

Vidharbha Konkan Gramin Bank Personal Loan Approval Process

About Vidharbha Konkan Gramin Bank Personal Loan Approval ProcessVidharbha Konkan Gramin Bank Personal Loan Approval Process

In an emergency, a Personal Loan from Vidharbha Konkan Gramin Bank could help you fulfil your various financial needs. It’s called an unsecured loan, and it can be used for a variety of reasons, including budgeting, paying medical bills, realising dreams, and remodelling homes.

We should not be hesitant to seek a personal loan if we require one. Dialabank.com’s knowledgeable staff is always ready to assist you in locating the greatest pricing in the least amount of time. Time is of the essence, and cash resources are limited. As a result, you can rely on us to maintain our word and aid you with any loan, including personal loans, without delay.

  • Low-interest pre-approved personal loans are normally available to customers who already have a bank account and have a good credit history.
  • You can also submit your eligibility and supporting documents electronically through their online application/portal.
  • You may check the status of your Vidharbha Konkan Gramin Bank personal loan application in real-time by visiting the bank’s website, calling them, or calling our customer service helpline.
  • The Vidharbha Konkan Gramin Bank Personal Loan Approval Process is well-known, and it offers outstanding discounts and bargains to people from all walks of life and occupations. Vidharbha offers personal loans.

Vidharbha Konkan Gramin Bank Personal Loan Eligibility

Are you unsure if you qualify for a personal loan? There’s no need to seek further because we’ve compiled a list of the requirements for obtaining a personal loan:-

 

Particulars Salaried Self-Employed
Age 21 – 60 years 21 – 65 years
Minimum Income Rs.15,000* Rs.5 Lakh p.a.
Co-applicant Not mandatory Not mandatory
Loan Tenure 12 – 60 months 12 – 60 months
Maximum Loan Amount Rs.40 Lakh Rs.40 Lakh
Employment Type Employees of private limited companies and public sector undertakings
Self-employed individuals
Employment/Business Continuity At least 2 years; minimum 1 year with current employer
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score 750 and above 750 and above
Residential Status
Resident Indian staying in own house or a rented house

 

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank Age Limit Minimum Work Experience
Minimum Income (Per Month)
SBI Up to 76 years NA** Rs.15,000
HDFC 21 to 60 years 2 years Rs. 20,000
ICICI 23 to 58 years 2 to 5 years Rs.17,500
Axis 21 to 60 years NA** Rs.15,000
Kotak Mahindra 22 to 55 years 1 year Rs.25,000
Tata Capital 21 to 58 years 1 year Rs.15,000
IndusInd 21 to 60 years 2 to 5 years Rs.25,000
Ujjivan Small Finance 22 to 58 years NA**
Above the minimum wage limit
India Infoline Finance Limited 25 to 60 years 6 months to 2 years Rs.35,000
HDBFS 21 to 65 years 1 year to 3 years
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed
Indian Overseas Bank Up to 58 years NA* Rs.5,000
IDFC First Bank 23 to 68 years 3 years NA*
Federal Bank 21 – 55 Years 3 years Rs.25,000
Punjab National Bank 21 – 58 years 2 years for doctors Rs.15,000
Andhra Bank 21 – 55 years NA** NA*
Canara Bank NA** NA**
Salaried: Rs.6,000 & above
Self-employed – Rs. 1.5 lakh
IDBI Bank Up to 75 years for Pensioners NA** Rs.1.5 lakh p.a.
Fullerton India 21 to 55 years 1 to 2 years Rs.15,000
RBL Bank 25 to 60 years 1 to 3 years Rs.25,000
Bank of Baroda 21 to 60 years 1 year to 2 years
60% of gross monthly income
Deutsche Bank 25 to 60 years NA** Rs.25,000
Karnataka Bank NA** 3 years NA*
United Bank of India up to 75 Years 2 years NA*
UCO Bank 21 to 65 years 1 year to 5 years Rs.20,000

 

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

 

Documents Required for Vidharbha Konkan Gramin Bank Personal Loan Approval Process

Certain documents are always required to be supplied as verification for every financial service that you use. In the case of a personal loan, they are as follows:

 

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one) Passport
PAN Card
Voter’s ID
Aadhar Card
Driving License
Address Proof (Any one)
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Aadhaar Card
Driving License
Ration Card
Income Proof
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one
IT returns (for 2 years)
Form 16
Residence Ownership Proof (Any one)
Property documents
Maintenance bill
Electricity bill
Proof of Job Continuity (Any one)
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation)
Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)
Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)
Payment Track Record & Sanction letter
Photograph
One coloured passport size photograph

 

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one) Passport
PAN Card
Voter’s ID
Aadhaar Card
Driving License
Address Proof (Any one)
Passport
Aadhaar Card
Driving License
Utility Bill (telephone, water, electricity, gas) – less than 2 months old
Ration Card
Proof of Residence Ownership (Any one)
Property documents
Maintenance bill
Electricity bill
Proof of Office Address and Ownership (Any one)
Maintenance bill
Property documents
Electricity bill
Proof of Business Existence (Any one)
Copy of GST registration
Company registration license
Shop establishment proof
Income Proof
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement
Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)
Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)
Payment Track Record and sanction letter
Professional Degree Certificate
In case of professionals
Photograph
One coloured passport size photograph

 

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof Copy of the passport
Copy of the visa
Employment Proof Letter of Appointment
Job contract
Labour/ Identity card (if applicable)
Official email ID or the HR’s email ID
Income Proof Last 6 months’ bank statements
Last 6 months’ salary slips or salary certificate
Photograph Passport size photographs

 

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)
Ration card
Passport
PAN card
Aadhar card
Voter ID card
Driving licence
Birth certificate
School leaving certificate
Address Proof (Any one) Passport
Aadhaar card
Utility bills
Ration card
Driving licence
Income Proof (Any one)
Last 6 months’ bank statements/salary slips
Bank passbook
Form 16
Copy of pension payment order
Income tax returns
Photographs
Passport size photographs

 

Know More About: Personal Loan Eligibility Criteria

 

Vidharbha Konkan Gramin Bank Personal Loan Approval Process

What is the approval process for getting a personal loan at the Vidharbha Konkan Gramin Bank?

Step 1: Determine your requirement
Determine why you require a Personal Loan and the amount of money you will require.

Step 2: Check loan eligibility
Once you’ve determined how much money you’ll need, make sure you meet all of the criteria for the Vidharbha Konkan Gramin Bank Personal Loan Approval Process that we’ve provided above.

Step 3: Calculate monthly instalments 
To figure out how much you’ll have to pay each month on your loan, use an online EMI calculator. This EMI calculator comes highly recommended because it can rapidly supply you with information such as your personal loan’s total interest owed.

Step 4: Approach the bank
You can apply for a personal loan from Vidharbha Konkan Gramin Bank in a number of ways, including online banking, the bank’s website, an ATM, or a branch, or by phoning us at 9878981144, and we’ll walk you through the process.

Step 5: Submit documents
After you’ve submitted the required paperwork, you’ll need to wait for funds to be deposited into your account. Customers receive monies from the Vidharbha Konkan Gramin Bank as quickly as possible for pre-approved loans.

*Personal loan disbursement is at the sole discretion of the bank and is subject to the bank’s terms and conditions.

Learn More about Personal Loan: Click Here

Steps to Apply for Vidharbha Konkan Gramin Bank Personal Loan Approval Process

Vidharbha Konkan Gramin Bank offers personal loans that can be applied for online or in-person at a branch. We’ll walk you through the entire process, both online and offline. If you want to apply, you must first go through the following steps: –

  • Visit the Vidharbha Konkan Gramin Bank’s website or call the bank’s local location for more information.
  • Submit the form after filling out the personal, professional, and financial information needed by the bank.
  • When you complete the online form, the bank will verify your eligibility and inform you of the amount you are qualified for.
  • Once you’ve decided to finish the application, you’ll need to submit the necessary documents, which you may do online.
  • Finally, the Vidharbha Konkan Gramin Bank Loan Approval Process will review your paperwork, and if the loan is approved, monies will be instantly deposited to your Vidharbha Konkan Gramin Bank account.

If you want to get straight to the branch, you must complete the steps outlined below:-

  • Fill out the application form with the relevant personal information, professional information, and contact information at the right bank branch. In the Vidharbha Konkan Gramin Bank Personal Loan Approval Process, this criterion would be prioritised.
  • During the Vidharbha Konkan Gramin Bank Personal Loan Approval Process, their representative will explain the loan’s eligibility, as well as the loan rates, terms, processing fees, prepayment, and foreclosure restrictions.
  • You will be given an application reference number after submitting the application form and supporting documents. You can check the progress of your Vidharbha Konkan Gramin Bank Personal Loan application by dialling this number.
  • Following the loan is approved and the agreement is signed after successful verification, the loan can be disbursed.

All this can be a little tricky if you’re doing it for the first time, so to avoid having doubts at each step you should directly reach out to us at 9878981144 or send a mail to us at booking@dialabank.com

Vidharbha Konkan Gramin Bank Personal Loan Approval Process FAQs

✅ How does a personal loan work?

When you submit a personal loan application to a lender, the lender reviews it and decides whether or not to approve it based on the institution’s guidelines. The loan amount is then immediately put into your bank account. As part of your loan repayment, you will be expected to pay the EMIs on a monthly basis.

✅  What is the maximum amount of loan I can get if I clear the Vidharbha Konkan Gramin Bank Personal Loan Approval Process?

Your salary is the sole determinant of the amount of money you can borrow. In India, there are lenders prepared to lend up to Rs.50 lakhs.

✅ What credit rating should be required to get a personal loan?

For personal loan approval, a CIBIL score of 700 or better is preferred. A credit score of 800 or higher, on the other hand, will put you in good standing with lenders. It might also help you get better loan interest rates and payback terms.