Personal Loan Arrah

Best Banks for Personal Loan in Arrah

Personal Loan in Arrah Features

No need to worry if you are running out of funds for your dream vacation, wedding, or healthcare emergency. A personal loan will come to the rescue which can be availed at an affordable rate of interest and minimal documentation.

Personal Loan Arrah is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan, the applicant needs to have a rigid and good source of income and has a good credit history. You can use the money from a Personal Loan anywhere you want, for any purpose and due to its flexibility, it is highly recommended.

Personal Loan in Arrah Interest Rates and Charges

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

Personal Loan in Arrah Documents Required

Salaried Customers:

1. Address Proof which includes Voter ID? Telephone Bill/ Electricity Bill
2. 2 recent passport size photographs
3. Identity proof (Aadhar card/driving license)
4. Salary slips of last three months
5. Bank statements for the last 6 months
6. PAN Card

*NOTE: In the case of rented apartments, a 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. Two passport-sized photographs (coloured)
3. PAN Card
4. Aadhar Card
5. Residence Proof such as Telephone bill/ electricity bill/ Aadhar card, etc.

Personal Loan in Arrah Eligibility Criteria 

The personal loan eligibility criteria for both Salaried and Self-Employed are different in the following ways:

Salaried Applicants

1. The applicants must have work experience of three years. And the salary should be received in their accounts only.
2. The applicants must have a good CIBIL score
3. The minimum age of the borrower should be 21 years and a maximum of up to 60 years.
4. The location of the applicant’s job should be mentioned in the application form.

Self-Employed Applicants

1. The applicants applying for the personal loan should file ITR for the last three years.
2. If the applicants are the businessman, then the business should be running from the past three years.
3. The credit score of the individual applicants should be good without any debt or dues left.
4. The minimum age requirement for an independent person should be 25 years.
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 to know more about eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Arrah?

1. No need to deposit the borrower’s asset for security as it is an unsecured loan
2. A Personal Loan does not require any guarantor or nominee.
3. A personal loan is a multi-purpose offer loan. It can be utilized for any purpose
4. The amount of a personal loan depends upon the repayment of individual income and capacity.

How to apply for Personal Loan Arrah?

1. Visit Dialabank.
2. Click on personal loan in the loan section
3. The applicant will be directed to all details of the personal loan where they need to provide the documents along with personal details after which they will be assisted by our relationship manager.
4. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Arrah

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

A penalty in the form of prepayment is charged by the bank in case you close your loan tenure before the agreed period. 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 depending on the year and amount of loan.

Personal Loan Arrah 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 interest rate on your loan is determined. On the basis of Interest rate, Loan amount sanctioned by the bank and repayment period, your EMI is calculated.

To know more about calculating EMI, click here: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Arrah

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Arrah. 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 behaviour on the previous loans taken. This includes on the type of loan taken and the amount borrowed by the bank. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Personal Loan in Arrah Agent and Contact Number

Dialabank is the leading agent for availing Personal Loan in Arrah. You can apply online at the Dialabank website or give a call at 9878981166

Call 9878981166 and get Instant Personal Loan in Delhi.

Pre Calculated EMI Table for Personal Loan Arrah

About Arrah

Arrah is a city and a Municipal Corporation in the Bhojpur district in Bihar and is also famous for the temple of goddess Aaranya Devi. This city is located near the junction of the Ganges and Sone rivers.

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