Personal Loan Jalgaon

Best Banks for Personal Loan in Jalgaon

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 Jalgaon Features

A personal loan is available for all those who are running short of and in need of cash. This loan is unsecured in nature with minimal documentation and less paperwork. Another benefit is that the approval of this loan will be finalized within 48 hours after the verification process.

Personal loan Jalgaon is an unsecured loan that provides financial aid to customers at affordable interest rates. Therefore, a rigid and good source of income and a satisfactory credit history are essential to provide loans to the applicants. Moreover, there is no end-use restriction on the use of the personal loan amount. Therefore, the applicants can use this loan amount anywhere they want to.

Personal Loan in Jalgaon 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 Jalgaon

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

*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. Aadhar Card
4. Residence Proof
5. Two passport-sized photographs

Personal Loan in Jalgaon Eligibility Criteria

The Personal Loan eligibility criteria for both 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 three years. The salaries of the applicants should be deposited only in their accounts.
3. The applicants must have an exceptional 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- 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 should file ITR for the last three years.
3. If the applicants are businessmen, then the business should have been running for the past three years.
4. The credit score of the individual applicants should be good. There should not be any debt or dues left.
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 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 Jalgaon?

1. Mortgage and collateral security does not need to be deposited into the bank.
2. A personal loan is a multi-objective offer loan. This loan can address all the problems related to finance.
3. The amount of a personal loan depends upon the repayment of individual income and capacity.
4. A Personal Loan does not require any guarantor or nominee.

How to apply for a Personal Loan in Jalgaon?

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 can choose their preferred city.
4. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan in Jalgaon

Every Bank and NBFC charges a fee for processing your Personal Loan application. The Personal Loan Jalgaon Processing Fee is 1% of the sanctioned loan amount.

Every lending institution charges a penal fee if the applicant wishes to foreclose the loans before the agreed loan tenure. In most cases, you cannot close your loan before 12 months. Post that, the charges vary depending on how many years the loan has been 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 EMI Calculator Jalgaon

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

CIBIL Score required for Personal Loan Jalgaon

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

The institutions look at the overall score and the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a hurdle to your availing of a fresh loan.

Personal Loan Jalgaon Agents

Dialabank is the leading agent for availing Personal Loan in Jalgaon.

You can apply online at Dialabank or give a call at 9878981166

Dialabank helps you find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks to make the right choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.

Personal Loan Jalgaon Contact Number

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

Pre Calculated EMI Table for Personal Loan 

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 Jalgaon

Jalgaon is a district which is situated in the northwestern region of the state of Maharashtra. This district is also known as Banana City. It has been given this nickname as it contributes two-thirds of Maharashtra’s banana production. The gold jewellery business and the ornament market help in making this district known. National Highway no.6 (Surat-Dhule-Amravati-Nagpur) passes through the city. State highways also connect various cities in this district. The district is also connected to New Delhi, Kolkata, and Mumbai through the railways.

FAQs About Personal Loan Jalgaon

✅ Who can apply for a Personal Loan in Jalgaon?

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 Jalgaon.

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

Most of the Banks and NBFCs provide a Personal Loan for a minimum period of 1 year and a maximum 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 Jalgaon?

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

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 processing fee varies for each lending institution and is normally between 1% and 2.5% 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 Jalgaon 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. You may experience a decrease in your CIBIL score if you skip any of your credit card payments or EMI payments. Most of the Personal Loan rejections happen due to a low CIBIL Score.

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