Major Personal Loan Providers in Guntur
1% - 2.5% of the Loan Amt
Personal Loan Guntur 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
|
Are you running short of cash? Need not worry! Individuals can apply for a loan as per requirement. This loan is unsecured in nature with minimal documentation and less paperwork. This loan can get approved within 2 days after the verification process.
Personal Loan Guntur is an unsecured form of loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan approved, the applicant needs to have a rigid and good source of income and has a credible credit history.
Along with that, there is no end-use restriction on the use of the personal loan amount.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Guntur Interest Rates- Sep 08 2024
| 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 Guntur Fees & Charges – Sep 08 2024
| 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 Guntur
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 Guntur Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed for getting a personal loan in Guntur 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%
Documents for Personal Loan Guntur
Salaried Customers:
- Identification Proof, i.e. Aadhar card or Driving license
- Salary slips of last three months
- Bank statements for the last 6 months
- PAN Card
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
*NOTE: In case of rented apartments, rent agreement needs to be attached.
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhar Card
- Residence Proof
- Two passport-sized photographs
PERSONAL LOAN
Interest Rate 9.99%
Eligibility Criteria for Personal Loan Guntur
The personal loan eligibility criteria for both Salaried and Self-Employed are different:
Salaried Applicants
- The minimum age of the applicant has to be 21 years with a maximum limit of 60 years.
- Minimum work experience required for the applicant is for three years. And they need to have a salaried account.
- Excellent credit history is a must for application.
- The complete job description of the applicant is required.
- The minimum base salary of the borrower should INR 25,000 per month.
Click here to know more about- Salaried Applicant
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- Filed ITR for the last three years.
- For a business person, the business should be running from the past three years.
- Reliable credit score.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- 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 here to know more – Self-employed Applicant
Why Apply for Personal Loan Guntur?
- There is no need to deposit any collateral security to the bank.
- A personal loan is a multi-purpose offer loan and for any problems related to finance.
- The sanctioned amount of personal loan depends on the repayment of individual income and capacity.
- A Personal Loan does not require any nominee or co-borrower.
PERSONAL LOAN
Interest Rate 9.99%
How to apply for Personal Loan Guntur?
- Visit Dialabank
- Go to the loan section.
- Click on the personal loan link.
- The applicant is directed to all details of the personal loan.
- Choose their preferred city.
- Call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Guntur
Every lending party charges a fee for processing your Personal Loan application. The Personal Loan Guntur processing fees are 1% of the 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 personal loan before a year. Post that the charges vary depending on several years the loan has done. These charges range from 4% of the loan amount in the 2nd year to 2% in the 4th year of the loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Guntur 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 rate of interest on your loan is determined. Your EMI is calculated basis the Rate of Interest that the bank charges you, the loan amount you have to take and the tenure for which you enjoy the loan.
CIBIL Score required for Personal Loan Guntur
Every lending institution has its set of criteria for the minimum CIBIL rating required for processing a Personal Loan application in Guntur. Most institutions require a minimum score of 750 points to process your loan application.
The lending institutions don’t just look at the overall score but also the detailed behaviour on the past loans taken. This includes details on the type of loan taken and the loan amount borrowed. Any delayed payments for previous loans can act as a barrier to your fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Guntur Agents
Dialabank is the leading agent for availing Personal Loan in Guntur. Please apply online at Dialabank or reach us at 9878981166
Dialabank helps you to find the best option of lending institutions by providing you with a detailed market comparison of different banks so that you can make the right choice. Visit Dialabank and fill a form with your employment and personal details. Our customer relationship assistants will soon get in touch with you.
Personal Loan Guntur Contact Number
Call 9878981166 and get approval for Personal Loan Guntur.
PERSONAL LOAN
Interest Rate 9.99%
Pre Calculated EMI Table for Personal Loan Guntur
Rate |
5 Yrs |
4 Yrs |
3 Yrs |
10.50% |
2149 |
2560 |
3250 |
11.00% |
2174 |
2584 |
3273 |
11.50% |
2199 |
2608 |
3297 |
12.00% |
2224 |
2633 |
3321 |
12.50% |
2249 |
2658 |
3345 |
13.00% |
2275 |
2682 |
3369 |
13.50% |
2300 |
2707 |
3393 |
14.00% |
2326 |
2732 |
3417 |
14.50% |
2352 |
2757 |
3442 |
15.00% |
2378 |
2783 |
3466 |
You can calculate your EMI here: Personal Loan EMI Calculator
About Guntur
The city Guntur is the administrative headquarters of Guntur district of Andhra Pradesh. It is the 24th most densely populated city of the world and 11th of India. It is located 40 miles to the north of the Bay of Bengal, on the Eastern Coastal Plains.
PERSONAL LOAN
Interest Rate 9.99%
FAQs About Personal Loan Guntur
✅ Who can apply for a Personal Loan in Guntur?
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 Guntur.
✅ What is the tenure of Personal Loan in Guntur?
Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which 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 Guntur?
Sure, there are 2 kinds of prices that one desires to pay for you to avail a private loan in Guntur:
Processing charge: For every financial institution or lending organization that you borrow from, there may be a small fee that they charge from the purchaser. this is known as a Processing charge. The Personal Loan Guntur processing fees are 1% of the loan amount.
Pre-closure expenses: on every occasion, you need to close a jogging loan earlier than its agreed tenure length, the Banks and NBFCs fee a further quantity referred to as pre-closure prices at the borrowed mortgage quantity. Different banks have special pre-closure charges. The pre-closure expenses vary relying on how many years has your loan finished earlier than you decide to pre-close it.
✅ Can my application for Personal Loan Guntur get rejected due to my CIBIL score?
As a private mortgage is considered as an unsecured loan, the CIBIL score has a prime role in availing this sort of mortgage. It will become all the extra critical to keep a high CIBIL rating to avail of a non-public loan within the future. Ensure that you don’t bypass any of your mortgage EMIs or any credit payments as to result in lowering your CIBIL rating. Maximum of the private mortgage rejections appear because of a low CIBIL score.
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