Best Banks for Personal Loan in Bhopal
1% - 2.5% of the Loan Amt
Personal Loan in Bhopal Features
Personal Loan Details
|
|
Interest Rate |
10.75% to 24% p.a.
|
Processing Fees | 0.5-2.5% |
Loan Tenure |
1 year to 5 years
|
Pre-closure Charges | 2% - 5% |
Guarantor Requirement |
No guarantor required
|
If you are thinking of starting up a business but you don’t have that much budget, or you are thinking abroad for your higher studies, but pocket doesn’t allow you, you should definitely opt for Personal Loan. It will help you to solve all your financial troubles.
Personal Loan provides you with a loan from the bank to fulfill your financial needs. It provides you with low interest rates. In an Unsecured Loan, there is no need to submit any collateral in exchange for the loan amount. The most amazing thing about this type of loan is that you can spend it per your needs. The amount of the loan is spent by the individual for his personal reasons that are why it is known as Personal Loan.
Personal Loan Bhopal Interest Rates – Feb 02 2025
The interest rates in a Personal Loan depend on the company’s profile and a person’s salary. The interest rate of personal Loan starts @10.75% per annum.
Name of the Bank | Interest Rate Range | Processing Fee Range | Loan Amount | Tenure |
Private Bank | 11.59% - 18.49% (Fixed) | 2.25% (min. Rs.1149) One time fee | Rs.20 lakh (Max) | 1-5 Years |
CitiBank | 10.99% - 15.99% (Fixed) | 1% to 2.5% | Rs.30 lakh (Max) | 1-5 Years |
Kotak Mahindra Bank | 10.99% to 24% p.a. | Up to 2.5% of the loan amount along with GST or service tax | Rs.50,000 to Rs.15 lakh | 1 to 5 Years |
Fullerton India | 11.99% to 23.99 p.a. | Information not provided. | Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals | 1 to 4 Years |
Bank of Baroda | 11.35% - 14.35%Fixed | Rs.1,000 to Rs.10,000 (One time fee) | Rs.20,000 - Rs.2 lakh | 4 Years (Max) |
State Bank of India | 12.90% - 14.90% (Fixed) | 1% (One time fee) | Rs.24,000 - 15 lakh | 5 Years |
Aditya Birla | 11.5% - 13.25% (Fixed) | Nil | Rs.30 lakh (Max) | 1-5 Years |
Allahabad Bank | Information not provided | 1.06% of loan amount | Information not provided. | 1 to 5 Years |
Yes Bank | 14% p.a. | Up to 2% (One-time fee) | Rs.2 lakh to Rs.20 lakh | 1 to 5 Years |
Corporation Bank | 12.75% to 13.75% p.a. | Up to 1.5% Minimum amount of Rs.500 | Up to Rs.3.50 lakh | Up to 5 Years |
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Bhopal Fees & Charges – Feb 02 2025
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 Required for Personal Loan in Bhopal
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
|
Existing Loans (if any) |
Payment Track Record & Sanction letter
|
Photograph |
One coloured passport size photograph
|
List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
|
Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
|
Existing Loans (in case any) |
Payment Track Record and sanction letter
|
Professional Degree Certificate |
In case of professionals
|
Photograph |
One coloured passport size photograph
|
List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
Identity Proof | Copy of the passport Copy of the visa |
Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
Photographs |
Passport size photographs
|
Know More About: Personal Loan Eligibility Criteria
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Bhopal Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed are different:
Particulars | Salaried | Self-Employed |
Age | 21 - 60 years | 21 - 65 years |
Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
Co-applicant | Not mandatory | Not mandatory |
Loan Tenure | 12 – 60 months | 12 – 60 months |
Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
CIBIL Score | 750 and above | 750 and above |
Residential Status |
Resident Indian staying in own house or a rented house
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
SBI | Up to 76 years | NA** | Rs.15,000 |
HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
Axis | 21 to 60 years | NA** | Rs.15,000 |
Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
IDFC First Bank | 23 to 68 years | 3 years | NA* |
Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
Andhra Bank | 21 - 55 years | NA** | NA* |
Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
Karnataka Bank | NA** | 3 years | NA* |
United Bank of India | up to 75 Years | 2 years | NA* |
UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants
- The minimum age of the salaried applicant who wants to avail of the Personal Loan Bhopal is a minimum of 21 years to a maximum of 60 years.
- If the applicant lives in a metropolitan city, the income should be at least 18,000 per month.
- If the applicant lives in a Non-metropolitan city, the income should be at least 12,000 per month.
- The applicant should have work experience of at least the last three years in the same company.
- The salary of the applicant should come to their respective bank accounts only.
- A good CIBIL Score is needed as you only get Personal Loan Bhopal based on CIBIL Score. So it should be more than 700.
- It is a must to submit the bank statements for the last three months.
- The salary slip of the applicant for the last six months is also required if you want to apply for the Personal Loan Bhopal.
Self-Employed Applicants
- For the Self-employed Applicants, the minimum age required is 25 years to a maximum of 65 years.
- The applicant should file the ITR for the last three months. It is mandatory.
- The ITR should be at least Rs 2.5 lakh per annum.
- The Loan will be approved if you have a good credit score, so you should have a good credit score, and your debts should be clear.
- If the applicant has a business, then the business should be running for the last three years.
Get to know more about Personal Loan Eligibility here.
PERSONAL LOAN
Interest Rate 9.99%
Why Apply for Personal Loan Bhopal?
- There is no requirement to deposit any security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of a personal loan depends upon the individual’s salary.
- A Personal Loan does not need any guarantor or nominee.
How to apply for a Personal Loan in Bhopal?
- It is a trouble-free process, applying for the Personal Loan Bhopal.
- Visit our official site at www.dialabank.com.
- Then fill the online application form for the Personal Loan.
- Fill in your contact number and e-mail online. It is mandatory.
- You will get a call back automatically within 24 hours from our Relationship Manager as you fill the form.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fees / Prepayment Charges on Personal Loan Bhopal
Every Bank and NBFC charges a processing fee for your Personal Loan application. The processing fee is up to 1% of the sanctioned loan amount.
If you want to foreclose your loan before the loan tenure, every lending foundation charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. After that, the charges depend on the loan tenure period left for a loan. These charges vary from 4% of the loan amount in the 2nd year to 2% in the 4th year.
Personal Loan EMI Calculator Bhopal
Equated Monthly Installments are called EMI, which means you pay the monthly repayment for the loan amount you have borrowed. Based on your profile, the interest rate on your loan is fixed. Your EMI is calculated by the bank’s personal loan Interest Rate you are charged, the loan amount you have to take, and the loan tenure period.
CIBIL Score required for Personal Loan Bhopal
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Bhopal. However, most institutions require a minimum CIBIL score of 750 for your loan processing.
Apart from the CIBIL score, the detailed behavior noted by the institutions on the previous loans you have taken. This includes details on the type of loan taken and the loan amount. Any delayed payments for previous loans will act as an obstacle to getting a personal loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Bhopal Agents/Broker
Dialabank is the leading agent for availing Personal Loan in Bhopal. You can visit an online platform and apply at www.dialabank.com or call at 9878981166.
Dialabank helps you find out the best option for Banks and NBFCs by presenting you with a detailed market comparison of different banks to make the right decision. Visit the website www.dialabank.com and fill a simple form using your details. Our customer relationship managers will come in contact with you.
Personal Loan Bhopal Contact Number
Call 9878981166 and get approval for Instant Personal Loan in Bhopal.
Pre Calculated EMI Table for Personal Loan Bhopal
About Bhopal
Bhopal is the capital city of the largest state in India, Madhya Pradesh. It is also famously known as the City of Lakes because of numerous artificial and natural lakes present across the city with lush greenery.
FAQs About Personal Loan Bhopal
✅ What is Personal Loan Bhopal Interest Rate?
The Personal Loan Bhopal will provide you with a loan at a @10.75% per annum rate with the lowest EMI; if you pay more than this EMI, you can go for a balance transfer. You can pay back your loan in 12 months to 48 months.
✅ What is Personal Loan Bhopal Eligibility?
You can apply for the Personal Loan Bhopal if you are a citizen of India. It would help if you were above the age of a minimum of 21 years to a maximum of 58 years. Both salaried and self-employed applicants can apply.
✅ How to apply online in Personal Loan Bhopal?
For the best services, go on Dialabank‘s website and fill the form which requires your necessary details. You will get a call from our side within 24 hours, and we will guide you for the best offers. The contact number which is working is mandatory.
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