Personal Loan Aizawl

Best Banks for Personal Loan in Aizawl

Personal Loan in Aizawl Features

A sudden need for money can arise at any time, and it is a Personal Loan that can help a person to acquire capital to meet an emergency. Personal Loan Aizawl is tailored for people who do not possess any assets to pledge as security. Personal Loan Aizawl is a convenient scheme for people who do not want to risk their valuable assets.

Personal Loan falls under the genre of unsecured loan. A personal loan provides financial aid to customers at better interest rates. To avail of a Personal Loan, the applicant needs to have a regular and stable income and also a good loan history.

Also, there is no restriction on the use of the amount of personal loans. Users can use this loan amount anywhere for any purpose you wish to.

Personal Loan in Aizawl Interest Rates and Charges

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

Personal Loan in Aizawl Documents Required

With the correct documents, users can easily avail of instant Personal loans with DialaBank. The essential documents for salaried customers are as follows:

Salaried Customers:

1. Identity proof (Aadhar card/driving license)
2. Salary slips of last three months
3. Bank statements for the past six months.
4. PAN Card Copy.
5. Address Proof Any(Owned/Rented/Company)
6. Two Passport-sized photos.

*NOTE: Rent agreement needs to be attached, in case of rented apartments

The documents for self-employed customers may vary marginally. Important documents are:

Self-Employed Customers:

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

Personal Loan in Aizawl Eligibility Criteria

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

Salaried Applicants:

1. Minimum Salary: Rs 18,000 (Per Month).
2. Age: 21 and 60 Years.
3. Work Experience: Overall, three years and 1-year experience in the current job.
4. CIBIL Score must be more than 700.
5. A person who gets his/her salary in cash is not eligible for availing of a loan.

Self-Employed Applicants:

1. Minimum and Maximum Age: 25 and 65 years.
2. Should have filed for an annual ITR of 2.5 to 3 lakh.
3. Residence: Should be owning an Office or Home.
4. Business Stability: Your business should be operating for the last three years.
5. CIBIL Score should be more than 700.
6. The minimum age requirement for an independent person should be 25 years.

Why Apply for Personal Loan Aizawl?

1. There is no need to provide a cosigner to avail of this loan.
2. The loan is solely based upon the candidate’s income and repayment capability.
3. It is a safe and straightforward loan scheme for raising funds in times of need.
4. There is no need to put a precious asset as security to the lender.

How to apply for Personal Loan Aizawl?

1. Visit Dialabank.
2. After that, apply for a Personal Loan online.
3. Please enter your contact number so that we can contact you back.
4. Dialabank is one of the best platforms to apply for a personal loan as we provide you with all kinds of loans at a very affordable rate of interest.

Processing Fee / Prepayment Charges on Personal Loan Aizawl

Every Bank and NBFC charges a fee for processing your Personal Loan application. The Personal Loan Aizawl processing fee is 1% of the sanctioned loan amount.

In case you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has been 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 Aizawl 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.  Based on your profile, the personal loan interest rate on your loan is determined.

You can easily calculate your EMI amount on your loan using a Personal loan EMI Calculator on our website Dialabank.

CIBIL Score required for Personal Loan Aizawl

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application Aizawl.

1. Most institutions require a minimum score of 750 to process your loan application.
2. The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed.
3. Any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.

Personal Loan Aizawl Agent and Contact Number

Dialabank is the leading agent for availing of Personal Loan Aizawl. Dialabank helps you to find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice.

Visit our website and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you. You can apply online at Dialabank or give a call at 9878981166.

Pre Calculated EMI Table for Personal Loan Aizawl

About Aizawl

Aizawal is the capital state of Mizoram in India. It is the largest city within the state. It is also a centre of all principal government offices, state assembly house, and civil secretariat. The population of Aizwal strongly reflects the different communities of ethnic Mizo people. It had a population of 228,280. Government services sustain Aizwal as it is the capital of Mizoram.