Major Personal Loan Providers in Ahmedabad

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% – 17%	11.25% – 18.5%	0.12
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 – 5 Years	1 – 5 Years	1 – 5 Years
Processing Fee	0.25% – 2% of the Loan Amt	1% – 2.5% of the Loan Amt	0.5% – 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Personal Loan Ahmedabad Features

Clear all your debts with a personal loan at low-interest rates? Personal Loan is available for you This loan is unsecured in nature with minimal documentation and less paperwork. Approval of the loan after the verification process will be within 48 hours.

Personal Loan Ahmedabad is an unsecured loan that provides financial aid to the customers at affordable interest rates. A rigid and good source of income and a good credit history is important for the candidate to obtain a personal loan.

In addition, there is no end-use restriction on the use of the personal loan amount. The loan amount can be used by the candidate anywhere he/she wants.

Personal Loan Ahmedabad Interest Rates

Bank	Processing Fee	Prepayment Charges
HDFC Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan	0.50% to 1.50%	Nil
Private Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 9 months
SBI Personal Loan	500/- to 0.50%	Nil
Kotak Personal Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan	Nil	Nil
Muthoot Personal Loan	Nil	Nil
Manappauram Personal Loan	Nil	Nil
PNB Personal Loan	0.70% to 1%	Nil
Canara Bank Personal Loan	0.01	Nil
Andhra Bank Personal Loan	Nil	Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents for Personal Loan Ahmedabad

Salaried Customers:

1. Identity proof (Aadhar card/driving license)
2. Salary slips of last three months
3. Bank statements for the last 6 months
4. PAN Card
5. Residence Proof (Owned/Rented/Company provided)
6. Passport-sized photographs – 2

*NOTE: In case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

1. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar Card
4. Residence Proof
5. Two passport-sized photographs

Eligibility Criteria for Personal Loan Ahmedabad

The eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicants

1. The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
2. The applicants must have the work experience of the three years. The salaries should be received in the accounts of the candidates.
3. The applicants must have an excellent credit history.
4. The job location of the applicant should be mentioned.
5.  A borrower should have a minimum income of INR 25,000 per month.

Click here to know more about- Salaried Applicant

Self-Employed Applicants

1. The minimum age requirement for an independent person should be 25 years.
2. The applicants applying for the personal loan should file ITR for the last three years.
3. If the applicants are businessmen, then the business should be running from the past three years.
4. The credit score of the individual applicants should be satisfactory. There should not be any debt or dues left.
5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
6. The whole documentation process of the personal loan is the applicants have to submit his financial and his bank statement of the previous three months.

Click here to know more – Self-employed Applicant

Why Apply for Personal Loan Ahmedabad?

1. There is no requirement to deposit any mortgage and collateral security to the bank.
2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
3. The amount of personal loan depends upon the repayment of individual income and capacity.
4. A Personal Loan does not require any guarantor or nominee.

How to apply for Personal Loan Ahmedabad?

1. Visit www.dialabank.com.
2. Go to the loan section and click on the personal loan link.
3. The applicant will be directed to all details of the personal loan where they can choose their preferred city.
4. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Ahmedabad

Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary between 1.5% to 2.5% of the sanctioned loan amount.

A penal prepayment fee is charged by every lending institution in the case that the candidate wants to foreclose the loan before the agreed loan tenure. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Ahmedabad EMI Calculator

Equated Monthly Installments also know as EMI are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed.  The interest rate on your loan is determined based on your profile. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you avail the loan.

CIBIL Score required for Personal Loan Ahmedabad

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Ahmedabad. Most institutions require a minimum score of 750 to process your loan application.

The institutions don’t just look at the overall score but also the detailed behavioural pattern on the loans taken in the past. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a hurdle to your availing a fresh loan.

Personal Loan Ahmedabad Agents

Dialabank is the leading agent for availing Personal Loan in Ahmedabad. You can apply online at www.dialabank.com or give a call at 9878981166

Dialabank helps you to find the best option of Banks and NBFCs by providing you with the detailed market contrast of different banks so that you can make the right choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.

Personal Loan Ahmedabad Contact Number

Call 9878981166 and get instant help and approval for Personal Loan in Ahmedabad.

Pre Calculated EMI Table for Personal Loan Ahmedabad

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

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About Ahmedabad

Ahmedabad, in western India, is the largest city in the state of Gujarat. The Sabarmati River runs through its centre. On the western bank is the Gandhi Ashram at Sabarmati, which displays the spiritual leader’s living quarters and artifacts. Across the river, the Calico Museum of Textiles, once a cloth merchant’s mansion, has a significant collection of antique and modern fabrics.

FAQs About Personal Loan Ahmedabad

Who can apply for a Personal Loan in Ahmedabad?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Ahmedabad.

What is the tenure of Personal Loan in Ahmedabad?

Most of the Banks and NBFCs provide a Personal Loan for a minimum period of 1 year and a maximum period of 5 years. There are some Banks which extend the maximum period to 7 years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly instalments within the agreed term of the loan.

Are there any other charges involved in Personal Loan Ahmedabad?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Ahmedabad.

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount.

Pre-closure Charges: Whenever you want to close a running loan before its agreed tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The charges of pre-closure differ depending upon the number of years the loan has completed before it is pre-closed.

Can my application for Personal Loan Ahmedabad get rejected due to my CIBIL score?

Since Personal Loan is an unsecured loan, one of the most important decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail a Personal Loan in the future. There may be a decrease in your CIBIL score in an instance where you may miss out on your loan EMI payments or any credit card payments. Most of the Personal Loan rejections happen due to a low CIBIL Score.