Gramin Bank of Aryavart Personal Loan Key Features Nov 22 2024
| Eligibility Criteria | Details |
| Age | 21-58 years |
| CIBIL Score | 750 and above |
| Gramin Bank of Aryavart Personal Loan Interest Rate | 9.99% per annum |
| Lowest EMI per lakh | – |
| Tenure | 12-60 months |
| Gramin Bank of Aryavart Personal Loan Processing Fee | 1% to 2% |
| Prepayment Charges | nil |
| Part Payment Charges | nil |
| Minimum Loan Amount | 30,000 |
| Maximum Loan Amount | 1 lakh |
Gramin Bank of Aryavart Personal Loan Eligibility Criteria
Eligibility criteria for a personal loan:
| CIBIL score | 750 and above |
| Age | 21-58 years |
| Min Income | 25,000/- |
| Occupation | salaried/self-employed |
Gramin Bank of Aryavart Personal Loan Documents Required
| Form | Duly filled application form |
| Proof of Identity |
Passport copy, driving license, Aadhar, and voter ID card. |
| Proof of Address |
Rental agreement ( should have stayed in that address for at least 1 year), utility bills, passport(to show permanent residence address), and ration card |
| Proof of Income |
Income tax report of the last two assessment years, salary slip of the last 6 months, and the bank statement of the last 3 months. |
Gramin Bank of Aryavart Personal Loan EMI Calculator
Gramin Bank of Aryavart Personal Loan Compared to Other Banks
| Particulars | Gramin Bank of Aryavart | HDFC Bank | Bajaj Finserv | Axis Bank | Citibank | Private Bank |
| Interest Rate | 9.99% | 11.25% to 21.50% | Starting from 12.99% | 15.75% to 24% | Starting from 10.99% | 11.50% to 19.25% |
| Tenure | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Up to Rs.10 lakhs | Up to Rs. 40 lakh | Up to Rs. 25 lakh | Rs. 50,000 to Rs. 15 lakh | Up to Rs. 30 lakh | Up to Rs. 20 lakh |
| Processing Fee | Depends on the bank’s decision from time to time | Up to 2.50% of the loan amount | Up to 3.99% of the loan amount | Up to 2% of the loan amount | Up to 3% of the loan amount | Up to 2.25% of the loan amount |
Other Loan Products from Gramin Bank of Aryavart
- Home loan
- Agricultural loan
- Educational loan
Why should you apply for Gramin Bank of Aryavart Personal Loan with Dialabank?
Dialabank guides you in choosing one among the best option of banks by giving you the updated market contrast of several banks so that you can make the right choice. At Dialabank we have already guided thousands of borrowers towards taking the loan that they want without any hassle and look forward to continuing this. Apply today to get special offers and discounts on Garmin Bank of Aryavart’s personal loan.
You can contact us on 9878981166 to get a Gramin Bank of Aryavart personal loan.
How to Calculate EMIs for Gramin Bank of Aryavart Personal Loan
These are the following information that will be required to calculate your Gramin Bank of Aryavart Loan EMI: the amount of the loan, the rate of interest, and the loan period.
Enter these values in the calculator given below to find your monthly EMIs.
Gramin Bank of Aryavart Personal Loan Processing Time
Processing time would tell you how long it would take to process an application under normal situations. It usually starts on the day we receive the application from the bank and ends when we make the decision regarding what loan we want and the amount to get credited.
Gramin Bank of Aryavart Personal Loan Preclosure charges
Depends on the bank’s decision from time to time.
Garmin Bank of Aryavart’s personal loan Overdraft Facility
An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is conceivably the most favoured credit choices that benefitted to meet changing individual supporting necessities unbounded.
Apply for an overdraft office as a Garmin Bank of Aryavart’s loan an unforeseen new development. The adaptable improvement office has all the gigantic highlights of a slight overdraft credit.
Pre Calculated EMI for Personal Loan
Different Personal Loan offers by Gramin Bank of Aryavart
Gramin Bank of Aryavart Personal Loan Balance Transfer
A personal loan balance transfer is when the applicant transfers the remaining outstanding principal of the personal loan from one lending institution to another to gain more benefits such as a collective personal loan interest rate on the outstanding loans.
Gramin Bank of Aryavart Personal Loan Top Up
The top-up loan is only given to customers who already have an existing relationship/account with the bank, the eligibility criteria are quite basic for the top-up plan. A customer who has taken a loan from the bank, irrespective of the type of loan is taken, is eligible for a top-up loan.
Gramin Bank of Aryavart Personal Loan Status
You can check the status of your Garmin Bank of Aryavart personal loan by the following methods:
- You could visit the nearest loan branch and ask the bankers also for the same.
- Log In to the bank’s net banking portal, click on the loans from the top icon and click on enquire to track the status of your personal loan.
- Search for ‘personal loan status’ on google, click on the first link which will direct you to the loan status tracker webpage of Gramin Bank of Aryavart, and fill in the needed information to check the status of your loan.
Types of Gramin Bank of Aryavart Personal Loan
Home renovation loan
Gramin Bank of Aryavart provides individuals who plan to renovate their homes with a home improvement loan. This personal loan can fund critical repairs or allow the borrower to purchase new furniture, fixtures, and furniture for the house. Four of the Gramin Bank of Aryavart Home Renovation Loan’s major features are:
- The Home Renovation Loan of Gramin Bank of Aryavart’s interest rate starts at as low as 11.25%.
- Individuals will be liable to renew their homes with a loan of up to Rs. 20 Lakh.
- Gramin Bank of Aryavart’s home improvement loan needs minimum paperwork to free up the whole credit process.
- Usually, within 72 hours after the bank accepts the applications, the loan balance will be credited to the account.
Holiday loan
The holiday loan from Gramin Bank of Aryavart will help you budget for your dream vacation with limited difficulties. Several holiday-related expenses will be funded by this personal loan from Gramin Bank of Aryavart, including the booking of flight fares, hotel accommodation, guided tours, etc. The Gramin Bank of Aryavart Holiday Loan’s key features are:
- Interest rates on holiday loans starting at 11.25 percent p.a.
- You should use up to Rs 20 Lakh easily so that a financial crunch would not spoil your perfect vacation
- Simplified and limited paperwork means fast and easy funding for your holiday.
- Quick processing of the loan directly credited to your account and disbursement
Fresher funding
Most unsecured personal loans are meant for individuals with a daily income, while the Fresher Funding of Gramin Bank of Aryavart is distinct. The loan option provided by Gramin Bank of Aryavart is intended to help refreshers, i.e. recent graduates searching for their first job. Few of Gramin Bank of Aryavart Fresher Personal Loan Funding’s main features are as follows:
- Up to Rs 1.5 lakh loan
- A candidate must be 21 years of age or older.
- The interest rate for Fresher Funding depends on the applicant’s profile, credit history/score, applicant’s age, and place.
NRI Personal Loan
Knowing the wishes and desires of NRIs, Gramin Bank of Aryavart provides NRIs directly with a personal loan. An Indian resident must be the main loan borrower, and a close relative must be the NRI co-applicant. The Personal Loan includes the following features for NRIs:
- Gramin Bank of Aryavart offers NRIs with adjustable end-use personal loans of up to Rs. 10 lakh.
- NRI Personal Loan interest rates launch at 15.49 percent p.a.
- Up to 36 months is the term of the loan.
How to Apply for Gramin Bank of Aryavart Personal Loan?
To get a personal loan is very easy; you would just have to:
- Visit our website and then fill in our application form.
- You will then get a call from us.
- Our experts will assist you through the entire procedure and tell you the details of the loan.
The personal loan verification process
Following the online submission of your loan application to Dialabank, the following are the principal stages of the personal loan authentication process.
Stage 1. Dialabank will forward to your chosen lender your loan application, and you will usually get a call from the representative of the lender within 48 hours.
Stage 2. The possible lender can arrange for your KYC documents, salaries, etc. to be collected or provide an opportunity to upload them online. To confirm your submission, these documents will be used.
Stage 3. You will get another call to confirm the loan bid and seek your permission for disbursement if the lender’s verification has been fulfilled and your loan has been approved.
Stage 4. The loan is normally disbursed within 48 hours of the loan’s acceptance and adequate verification.
Note: The timeframe for verification/disbursement of personal loans, as stated above, can vary based on the internal criteria of the lender, as well as other parameters.
Check Your Gramin Bank of Aryavart Personal Loan Application Status
The process for checking your application’s status requires the following steps:
- Visit the official website of Gramin Bank of Aryavart, click on ‘Products’, and select ‘Personal Loans.’
- Click ‘More and choose’ Review Loan Application Status.’ on the next tab that opens below.
- Firstly, by submitting details such as your contact number, date of birth, and either entering the OTP you get on your mobile number or using your application number, you can check your application status.
How to login into Gramin Bank of Aryavart Portal
- Visit the Official Website of Gramin Bank of Aryavart.
- In the upper right corner of the screen, press the ‘Login’ button.
- Using your user ID and password or your registered cell phone number to log in.
How to Check Your Loan Statement
By taking the following steps, customers can download the bank’s loan statement:
- Visit the official website of the bank.
- Tap ‘Get in touch’ and click ‘Requests for help’ from the drop-down column.
- On the next page that opens, pick ‘Personal Loan Related’ under the ‘Loans’ menu.
- Next, press the ‘Loan Account Statement Order’ button.
- To make use of the bank’s loan statement, log in using your user ID and password or using your registered cell phone number and OTP.
Gramin Bank of Aryavart Personal Loan Restructuring (COVID-19)
Many borrowers have been adversely affected by the national lockout due to the COVID-19 pandemic, and a six-month moratorium on various term loans has been declared to some degree to minimize its impact. Gramin Bank of Aryavart announced an RBI-mandated one-time gain from the Gramin Bank of Aryavart loan restructuring after the six-month moratorium was terminated. This mechanism aims at providing continued relief to borrowers who are still unable to repay their daily EMI due to the ongoing financial distress of the pandemic.
To minimize the monthly EMI payments, the loan settlement scheme implemented by Gramin Bank of Aryavart provides for an extended moratorium of up to 2 years or an extension of the current period of maturity. It is necessary to bear in mind, of course, that the restructuring of the loan by Bajaj Finance employees would result in additional interest rates exceeding those applicable to the initial loan. Using this relief method only as a last resort is also necessary so that the unpaid loan does not end up defaulting.
Gramin Bank of Aryavart Customer Care
Customers can approach Gramin Bank of Aryavart’s Customer Support via any of the following means:
By phone: You can call Gramin Bank of Aryavart on 5222398874 (toll-free)
Callback order: You can also make a return call by accessing the bank’s website.
Online Chatbot: You can even have an apple Chatbot online to answer your questions.
Visit Branch: To obtain your requests, visit the nearest Gramin Bank of Aryavart branch.
Benefits of Applying for Personal Loan on Dialabank
On the Dialabank website, there are many drawbacks to applying for a personal loan. Below, some of these are given:
- 24 x 7 Accessibility: You can reach the Dialabank website anywhere, wherever and even apply at any time for a personal loan from the comfort of your home or office.
- Multiple lenders on a single platform: Dialabank helps you to view personal loan offers on a single platform from multiple prospective lenders, avoiding the need to visit multiple bank websites or branches.
- Know EMI instantly: On the Dialabank website, use the personal loan EMI calculator for personal loan, and you can check the EMIs that you are going to pay for on a personal loan right before applying for one. It can allow you to borrow the amount you need, which you will repay easily and have a stable payment schedule.
- Free of charge: Also, when applying for a personal loan on Dialabank, you are not required to incur any fees.
Important Aspects
Below are some important items you need to note when applying to Gramin Bank of Aryavart for a personal loan:
- It is still a smart thing to review your credit report before applying for a personal loan. A decent credit score increases the chances of accepting the loan and will make it possible for you to use a personal loan in more desirable conditions.
- It is advisable to compare the expense of a personal loan (interest rates and all associated fees) issued by various lenders on Dialabank before finalizing on a particular lender.
- As per your wishes and ability to repay, borrow. Avoid borrowing only because you have the right to borrow a bigger amount. It will just add to the interest rate and will have no long-term advantages.
- Avoid applying for individual loans concurrently with many lenders. It reveals that you are credit-hungry and therefore increases the amount of demanding credit report requests that can negatively impact your credit score.
FAQs About Gramin Bank of Aryavart Personal Loan
✅ What is the Interest Rate for Gramin Bank of Aryavart Personal Loan?
The interest rate for Gramin Bank of Aryavart’s personal loan is 9.99%.
✅ What is the minimum age for getting a Personal Loan from Gramin Bank of Aryavart?
The minimum age for getting a personal loan from Gramin Bank of Aryavart is 21 years.
✅ What is the maximum age for getting a Personal Loan from Gramin Bank of Aryavart?
The maximum age for getting a personal loan from Gramin Bank of Aryavart is 58 years.
✅ What is the minimum loan amount for Gramin Bank of Aryavart Personal Loan?
The minimum loan amount for Gramin Bank of Aryvart personal loan is 30,000/-
✅ What is the maximum loan amount for Gramin Bank of Aryavart Personal Loan?
The maximum loan amount for Gramin Bank of Aryavart’s personal loan is 1 lakh.
✅ What are the documents required for Gramin Bank of Aryavart Personal Loan?
The documents required for Gramin Bank of Aryavart are for identity proof- passport copy, driving license, voter ID; address proof- rental agreement (minimum period of 1-year stay), passport (showing permanent residence address); income proof- bank statement of the last 3 months and the salary slip of the last 6 months.
✅ What is the Processing Fee for Gramin Bank of Aryavart Personal Loan?
The processing fee is 1% to 2%.
✅ What is the Maximum Loan Tenure for Gramin Bank of Aryavart Personal Loan?
The maximum loan tenure for Gramin Bank of Aryavart’s personal loan is 60 months which is 5 years.
✅ What should be the CIBIL Score for Gramin Bank of Aryavart Personal Loan?
The CIBIL score should be at least 750 or above for Gramin Bank of Aryavart Personal loan.
✅ What relaxation scheme and moratorium Gramin Bank of Aryavart provides about Personal Loan due to Covid 19?
To minimize the monthly EMI payments, the loan settlement scheme implemented by Gramin Bank of Aryavart provides for an extended moratorium of up to 2 years or an extension of the current period of maturity.
✅ How to calculate EMI for Gramin Bank of Aryavart Personal Loan?
Calculate your personal loan EMI using: E = P x R x [(1+R)^N] / [(1+R)^N-1]
P is the Principal Amount of Loan
R is the Rate of interest charged against Loan
N is the Tenure for which the loan is taken.
Use the Dialabank calculator to know the exact EMI of your loan.
✅ What is the Gramin Bank of Aryavart personal loan customer care number?
Contact 9878981166 for any queries.
✅ What are the Gramin Bank of Aryavart Personal Loan pre-closure charges?
Depends entirely upon the bank.
✅ What is the Gramin Bank of Aryavart personal loan closure procedure?
- Visit the bank with the complete set of documents (as mentioned above).
- You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
- Pay the pre-closure amount.
- Sign the required documents, if any.
- Take acknowledgment of the balance amount you have paid.
✅ What is the Gramin Bank of Aryavart Personal Loan Overdraft Facility?
An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is conceivably the most favoured credit choices that benefitted to meet changing individual supporting necessities unbounded.
