Personal Loan Gulbarga

Best Banks for Personal Loan in Gulbarga

Personal Loan Gulbarga Features

Personal Loan Gulbarga is one of the most authentic financial services which is of great significance in an internet-oriented world. Personal Loan Gulbarga is an unsecured loan that does not include any of the borrower’s assets to be kept as a piece of security with the lender or the bank that will be sanctioning your loan amount.

You can go for a personal loan at times of monetary troubles or any other money-related issues prevailing you or your family. Personal Loan Gulbarga is one of the easiest and satisfactory methods of getting cash in hand instantly. Moreover, it is a versatile credit facility that can tackle a wide range of money matters, e.g. money required for your child’s education, going for emergency or unplanned trips, marriage within family medical issues, etc.

Personal Loan in Gulbarga Interest Rates

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

Documents Required for Personal Loan in Gulbarga

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

Self-Employed Customers:

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

Personal Loan in Gulbarga Eligibility Criteria

The eligibility criteria for a personal loan for both Salaried and Self-Employed for a Personal Loan Gulbarga are different:

Salaried Applicants

1. The salary should be stable and regular.
2. Age criteria: 21-60 years of age.
3. Experience at Work Place: overall experience should be of 3 years and experience of 1 year in the current job.
4. Most importantly, you should possess a CIBIL score of more than 700.
5. Lastly, a person who gets his salary cash in hand is also not eligible for availing of a personal loan. It would be best if you had your salary slips for proof.

Self-Employed Applicants

1. The age of the borrower varies from 25 years to 65 years.
2. Should have filed annual Income Tax Returns of 2.5 to 3 Lakh.
3. Residence Proof: Should own an office or house of his own.
4. Stability at Workplace: Should own a financially stable business run for the last 3 years.
5. Again, most importantly, they should possess a CIBIL score of more than 700.

Click here to know more – Self-employed Applicant

Why Apply for a Personal Loan in Gulbarga?

1. There is no need to provide 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 troubles related to finance.
3. The amount of a personal loan depends on the repayment of individual income and capacity.
4. A Personal Loan does not require any nominee.

How to apply for a Personal Loan in Gulbarga?

1. First, visit our official web portal, i.e. www.dialabank.com.
2. Then, apply for a Personal Loan online.
3. Finally, enter your contact details so that we can contact you back.
4. For more information about personal loans, you may call on 9878981166.

Processing Fees / Prepayment Charges on Personal Loan in Gulbarga

Banks charge you 2 types of fees on personal loans:

1. Every Bank and NBFC charges processing fees for your Personal Loan Gulbarga application. These charges are 1% of the loan amount.
2. If you want 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. After that, the charges vary depending on the tenure duration. These charges range from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Gulbarga

Equated Monthly Installments(EMI) is the monthly fixed payments you pay to the bank as monthly repayment for the loan amount borrowed.  Based on your depiction, the interest rate on your loan is determined. Thus, your EMI is calculated basis the Interest Rate charged by the bank and the amount of loan, the loan tenure.

Personal Loan EMI Calculator is available on our website for giving you easy accessibility.

CIBIL Score required for Personal Loan Gulbarga

CIBIL Score defines a person’s ability to pay loans in the past. The higher the Cibil Score more easily he can access a personal loan. Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan Gulbarga application.

Most institutions need a minimum score of 750 to process your loan application. Others can consider a 700-750 CIBIL score average enough to sanction the loan. They analyze all details on the loan type and the amount borrowed. Any delayed payments for previous loans can create a barrier to your availing of a fresh loan.

Personal Loan Gulbarga Agents/Broker

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

1. The approval process is time-saving if you apply through DialaBank.
2. The Loan gets disbursed within 24 hours.
3. Our experts will assist you, and our relationship managers will provide guidance.
4. And you get all this for free—no charges charged by DaialaBank.

Dialabank helps you find the best option for Banks and NBFCs by offering you a detailed market comparison of different banks to make the right choice. In addition, our customer relationship managers will contact you.

Personal Loan Gulbarga Contact Number

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

Pre Calculated EMI Table for Personal Loan Gulbarga

About Gulbarga

Gulbarga also was known as Kalaburagi, is a city situated in Karnataka in South India. It is the administrative headquarter of Gulbarga district and a major city in Northern Karnataka. Gulbarga is 623 km north of the state capital city of Bangalore and 220 km away from Hyderabad.

Major Localities in Karnataka for availing Personal Loan

FAQs About Personal Loan Gulbarga

✅ Who can apply for a Personal Loan in Gulbarga?

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 Gulbarga.

✅ What is the tenure of Personal Loan in Gulbarga?

Most banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. Some Banks 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 tenure of the loan.

✅ Are there any other charges involved in Personal Loan Gulbarga?

Yes, there are 2 types of charges that one needs to pay to avail of a personal loan in Gulbarga:

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 1% 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 pre-closure charges vary depending on how many years has your loan been completed before you decide to pre-close it.

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

Since a 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 of a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or any credit card payments, as that will decrease your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.