Personal Loan Kolar

Major Personal Loan Providers in Kolar

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 Kolar Features

You’re losing money? You don’t need to think twice. Private loans are very affordable for you. This loan is not just of a non – secured nature with the least needed documents and even smaller paperwork. It may take up to 48 hours for this loan to get cleared following the authentication process.

Personal Loan Kolar is a loan that offers limited and cost-effective bond yields to clients requiring federal aid. To secure a personal loan, the claimant must have a valid and comprehensive source of revenue and perfect credit history as well.

Also, such an end-use prohibition on the use of the quantity of a personal loan does not exist. This loan sum can be used in any way you need.

Click here to get an instant personal loan.

Personal Loan Kolar 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 for Personal Loan Kolar

Salaried Customers:

1.  ID proof (Aadhar card/driving license)
2. Slips for salary for the past three months
3. PAN Card
4. Proof of Residence (Own/Rent/Company provided)
5. Statement of Bank for the last 6 months
6. Two Passport-size photograph

*NOTE: In the case of rented apartments, a rent agreement is needed to be attached.

Self-Employed Customers:

1. All financial statements are needed (Balance Sheet, P&L Statement as well as ITR files)
2. Two passport-sized photographs
3. PAN Card
4. Aadhar
5. Proof of residence

Eligibility Criteria for Personal Loan Kolar

Click here to know more about personal loan eligibility

Salaried Applicants:

1. The minimum age of the applicant should not be less than 21 years or more than 60 years.
2. The applicant must have work experience of at least three years. The salary should have been transferred to their accounts only.
3. The borrower must have a minimum income of INR 25,000 p.m.
4. The applicant should have an excellent credit history.
5. The location of the applicant’s job should be stated.

Click here to know more about a personal loan for- Salaried Applicant

Self-Employed Applicants:

1. The age of an independent person should be at least 25 years.
2. The applicant applying for the personal loan should have been filing ITR for the past three years.
3. The credit score of the applicant should be good, and there must not be any debt or dues pending.
4. The yearly income of the applicant should be a minimum of Rs 2.5 lakh.
5. If the applicant is a businessman, then the business is required to be efficiently running for the last 3 years.
6. The whole document verification process of the personal loan requires the applicant to submit his financial and his bank statement of the previous three months.

Click here to know more about the personal loan for– Self-employed Applicant

Why Apply for Personal Loan Kolar?

1. A Personal Loan does not need any nominee or guarantor.
2. There is no requirement of depositing any mortgage or collateral as a security to the bank.
3. A personal loan is a multidimensional loan; thus, it can be put to use for all the issues related to money.
4. The amount of personal loans is solely based on the repayment capacity of the individual.

How to apply for Personal Loan Kolar?

1. Visit this website: Dialabank
2. Then, navigate to the loan section and go to the personal loan link.
3. You will be directed to the detailed information of the personal loan where you can pick your city.
4. For further information and free guidance, feel free to call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Kolar

For the storage of a Personal mortgage loan, both banks and NBFCs apply a certain amount. The Personal Loan Kolar processing fee is 1 per cent of the amount of the loan accepted.

All commercial banks can charge you a penalty as a mortgage insurance fee if you plan to foreclose your loan before the calculated loan tenure. For the most part, you are not required to close your loan within 12 months. After that, the charges change based on how many years the loan has finished. This category encompasses from 4% of the loan sum outstanding in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Kolar EMI Calculator

Equated Monthly Installments or EMI is a fixed subscription fee that you are expected to pay to the bank for the loan volume lent as a monthly payment. The rate of return on your loan is determined based on your request. The EMI on your loan is selected based on the Interest Rate bank provides you with and the loan sum you have to accept and the time for which you take the loan.

CIBIL Score required for Personal Loan Kolar

For a guaranteed CIBIL score that is required to process a Personal Loan application in Kolar, all mortgage lenders have their own standards. Often, to further process a demand, entities need a minimum combined score of 750.

No inventory subsidiary looks at the total average. They also look at a balanced view of past loans. The category contains the kind of loans and the amount of money lent. If any delay in the payment of previous debt occurs, the approval of the present loan could be impeded.

Personal Loan Kolar Agents

Dialabank is one of the leading agents for availing Personal Loan in Kolar. You can easily apply online at Dialabank or give a call at 9878981166

Dialabank helps you to find the best choice for banks and non – banks by providing you with access to a deep industry comparative assessment of different banks to assist you in finding the proper one. Visit our Dialabank websites and fill out a basic system with job-specific data information. Our managers of business partnerships will be in contact with you shortly.

Personal Loan Kolar Contact Number

Call 9878981166 and get timely assistance and approval for a Personal Loan in Kolar.

Pre Calculated EMI Table for Personal Loan Kolar

Click here for personal loan EMI calculator

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 Kolar

Kolar is an area in Karnataka, a state in India. It is the district headquarters of Kolar. The city is recognized for its production of milk and its mining companies. It is also famous for the monastery of Someshwara and the church of Kolaramma.

FAQs About Personal Loan Kolar

Who can apply for a Personal Loan in Kolar?

A Personal Loan may be paid for in Kolar by people who have an emergency need for cash and have a daily stream of revenue (from jobs or business).

What is the tenure of a Personal Loan in Kolar?

The commercial banks and NBFCs offer a personal loan for a period of 1 year and a maximum of 5 years. Some banks expand the total length to 7 years as well. The tenure is set and is not retractable. Under the determined tenure of the loan, the repayment has to be made in identical monthly instalments.

Are there any other charges involved in Personal Loan Kolar?

Yes, in the way to produce use of a personal loan in Kolar, there are 2 types of fees that one wants us to pay:

Processing Fee: For any depository financial company that you borrowed from, there is a fixed price that they charge from the customer. This is considered the Payment Fee. The Personal Loan Kolar processing fee is 1 per cent of the amount of the loan accepted.

Well before-closure fees: If you want to close an ongoing loan before its negotiated tenure term, the banks and NBFCs charge the borrowing loan amount with an additional payment called pre-closure fees. Different banks have varying charges for well before-closure. Depending on just how many years the loan has been paid before you plan to pre-close it, the or before-closure fees differ.

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

As a personal loan is an unpaid internship, your New mortgage is one of the most critical decision criteria for keeping your private loan application accepted. If you want to stay ahead of a personal loan in the future, getting a high CIBIL score is definitely important. Try to ensure you do not make any of your EMI loan payments or debit card transactions, as your CIBIL score would fall. Most rejections of personal loans exist due to a low CIBIL level.

Other Cities For Personal Loan In Karnataka

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Personal Loan Nanjangud	Personal Loan Malur
Personal Loan Mysore	Personal Loan Malavalli