Personal Loan Begusarai

Best Banks for Personal Loan in Begusarai

Personal Loan in Begusarai Features

Facing a shortage of cash? No need to worry as a Personal Loan is the best way financial aid that can be availed in no time. At a reasonable rate of interest and minimum documentation, avail of a personal loan through DialaBank in just a few simple steps.

Personal Loan Begusarai is a type of unsecured loan which does not require any deposition of collateral or mortgage. This nature of loan makes it flexible and convenient to meet your financial needs at any time.

Personal Loan in Begusarai Interest Rates and Charges 

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

Personal Loan in Begusarai Documents Required 

Salaried Customers:

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

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

Self-Employed Customers:

1. Two passport-sized photographs
2. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
3. PAN Card
4. Proof of Identity such as Aadhar Card/ Driving License/ Passport copy, etc.
5. Residence Proof

Personal Loan in Begusarai Eligibility Criteria

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

Salaried Applicants

1. The age of the applicant should be minimum of 21 years and a maximum of 60 years.
2. The applicants must have three years’ work experience, and the salary should be received in their personal accounts only.
3. The applicants must have an excellent credit history.
4. The job location of the applicant should be mentioned.

Self-Employed Applicants

1. The applicants applying for the personal loan should file ITR for the last three years.
2. The minimum age requirement for an applicant is 25 years.
3. 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.
4. The credit score of the individual applicants should be good .there should not be any debt or dues left.
5. If the applicants are the businessman, then the business should be running from the past three years.
6. The annual income of the applicants should be a minimum of Rs 2.5 lakh.

To know more

Why Apply for Personal Loan Begusarai?

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

How to apply for a Personal Loan Begusarai?

1. Visit Dialabank.
2. Go to the loan section and click on the personal loan link.
3. The applicant will be directed to all personal loan details where they need to fill in all the necessary details and choose their preferred city.
4. Our relationship managers will then assist you accordingly
5. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Begusarai

Banks and NBFCs charge around 1% of the sanctioned loan amount. to the borrower as prepayment charges or processing fees.

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. Thereafter, 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 Begusarai EMI Calculator

Equated Monthly Installment, also known as EM, is the monthly fixed charges you pay to the bank as monthly repayment for the loan borrowed.  The interest rate is dependent on your profile as well as CIBIL score. Your EMI is calculated using personal loan EMI calculator 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 enjoy the loan.

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

CIBIL Score required for Personal Loan Begusarai

Every bank has its own parameters for the minimum CIBIL score required for processing a Personal Loan application in Begusarai. However, 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 credit history which includes details on the type of loan taken and the amount borrowed. In addition, any payment delay for previous loans can be a barrier to your availing of a fresh loan.

Personal Loan Begusarai Agents

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

Personal Loan Begusarai Contact Number

Call 9878981166 and get Instant Personal Loan in Begusarai.

Pre Calculated EMI Table for Personal Loan Begusarai

About Begusarai

Begusarai is a city in the state of Bihar. The major source of the economy of the place is through agriculture.

Other Personal Loan Cities in Bihar