Personal Loan Gwalior

Best Banks for Personal Loan in Gwalior

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	0.12
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Personal Loan in Gwalior Features

Personal Loans Gwalior is provided to solve your immediate financial needs, such as you may need funds for marriage celebrations. This loan provides flexibility in the use of funds as per your needs. The loan is provided to those individuals who have good CIBIL scores or good credit transaction history.

Personal Loan Gwalior is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan Gwalior, the applicant needs to have a stable and good income source and a good credit history. Furthermore, there is no end-use restriction on the use of the personal loan Gwalior amount. Therefore, you can use this Personal loan amount anywhere you want to pay.

Personal Loan in Gwalior Interest Rates

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 Gwalior

Salaried Customers:

1. Identity proof (Aadhaar 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

*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. PAN Card
3. Aadhaar Card
4. Residence Proof
5. Two passport-sized photographs

Personal Loan in Gwalior Eligibility Criteria

The Personal Loan Eligibility criteria for both individuals Salaried and Self-Employed are different:

Salaried Applicants

1. The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
2. The applicants must have work experience of 3 years.
3. The applicants must have a clean or good credit history.
4. The job location of the applicant should be mentioned.
5.  A borrower should have a minimum income of INR 25,000 per month

Click here to know more about- Personal Loan Salaried Applicant

Self-Employed Applicants

1. The minimum age requirement for an independent person should be 25 years.
2. The applicants applying for the personal loan Gwalior should file ITR for the last 5 years.
3. If the applicant is a businessman, the business should be efficiently running for the past three years.
4. The credit score of the individual applicants should be good or valid
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 Gwalior is that the applicants have to submit their financial bank statement of the previous three months.

Click here to read more –Personal loan Self-employed Applicant

Why Apply for Personal Loan in Gwalior?

1. There is no need to provide or deposit any Asset mortgage and collateral security to the bank.
2. A personal loan Gwalior is a multi-purpose offer loan.
3. The amount of personal loan Gwalior depends upon the repayment of individual income and capacity.
4. A Personal Loan Gwalior does not require any guarantor or nominee.

How to apply for Personal Loan in Gwalior?

1. Visit Dialabank.
2. Select the loan section and click on the personal loan link.
3. The applicant will be sn to all details of the personal toy can choose their preferred city.
4. For more details and free guidance, you may call on this number 9878981166.

Processing Fees/Prepayment Charges on Personal Loan in Gwalior

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

In case you want to foreclose your loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, you cannot close or wind up your loan before 12 months. Post that, the charges vary depending on how many years the Personal loan has been done or the period of personal loan Gwalior. These charges vary from 4% of the outstanding Personal loan amount in the 2nd year to 2% in the fourth year of the loan.

Personal Loan EMI Calculator Gwalior

Equated Monthly Installments also known as EMI, are the monthly fixed charges you pay to the bank for the loan amount borrowed. Based on your profile, the interest rate on your Personal loan Gwalior is determined. Your EMI is calculated using a personal loan EMI calculator basis the Interest Rate the bank charges you, the amount of personal loan you have to take, and the period for which you enjoy the Personal loan Gwalior.

CIBIL Score required for Personal Loan Gwalior

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Gwalior. However, most institutions require a minimum score of 650 to 750 to process your loan application.

The institutions also check out the detailed behaviour on the previous loans taken. This includes details on the type of Personal loan taken and the amount borrowed from the bank. Any delayed payments for previous loans can create an obstacle to your availing of a fresh loan.

Personal Loan Gwalior Agents/Broker

Dialabank is the leading agent for availing of Personal Loan Gwalior. Dialabank helps find the best option for Banks and NBFCs by providing you with the best offers after a detailed market comparison to make the right choice of personal Loan Gwalior. Go to the website and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch or have a call with you.

Personal Loan Gwalior Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Gwalior.

Pre Calculated EMI Table for Personal Loan Gwalior

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

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About Gwalior

Gwalior is a city of the Indian state of Madhya Pradesh; places are known, including the Sas Bahu Ka Mandir intricately carved Hindu temple. Old Gwalior Fort occupies a sandstone plateau overlooking the city and is accessed via a winding road lined with sacred Jain statues. Within the fort’s high walls is the ancient 15th-century Gujari Mahal Palace, now it’s an archaeological museum.

FAQs About Personal Loan Gwalior

✅ Who can apply for a Personal Loan in Gwalior?

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 Gwalior.

✅ What is the tenure of a Personal Loan in Gwalior?

Most banks and NBFCs offer a Personal Loan for a minimum period of 1 Yr and a maximum of 5 Years. There are some Banks which expand the maximum period to 7 Years also. The tenure is determined and cannot be extended. You have to pay your loan amount in equal monthly instalments within the agreed tenure of the loan.

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

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

Processing Fee: For every lending institution you borrow from, the customer charges a fee, known as Processing Fee. The amount of processing fee alters for each lending institution and is normally 1%  of the loan amount.

Pre-closure Charges: Whenever you wish to close a running loan before its agreed tenure duration, the Banks and NBFCs charge a supplementary amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary on how many years your loan has been completed before you decide to pre-close it.

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

Since a Personal Loan is a not secured loan, one of the important criteria for getting your Personal Loan application approval is your CIBIL Score. Having a good CIBIL score becomes extremely important if you wish to get 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 result in decreasing your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.