Personal Loan Kollam

Major Personal Loan Providers in Kollam

Personal Loan Kollam Features

Grab this opportunity! Low interest rates are available now. A personal loan is a loan in which the banks and NBFCs grant the money to individuals to fulfil their personal needs of the money. The money can be borrowed by the banks can be used in any way in personal life except in business and commercials. These loans are unsecured and therefore can be granted on the basis of the income of the people.

A personal loan is the funds that a bank provides to the customers for their personal usages. The money of these loans cannot be used for business or commercial purposes. Personal Loan Kollam is unsecured that means no securities have to be submitted to the banks and NBFCs.The amount of lent money is totally dependent on the customer’s income.

Personal Loan Kollam Interest Rates

Get low interest rates

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

Documents for Personal Loan Kollam

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

Eligibility Criteria for Personal Loan Kollam

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. And the salary should be received in their accounts only.
3. The applicants must have an excellent 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 the businessman, then the business should be running from 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 Kollam?

1. There is no need to deposit 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 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 Personal Loan Kollam?

1. Visit Dialabank.
2. Go to the loan section and click on the personal loan link.
3. The applicant will be directed to all details of the personal loan 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 Kollam

Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary between 1.5% to 2.5% of the sanctioned 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 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 Kollam EMI Calculator

You can use personal loan EMI calculator to calculate your EMIs. 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 interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Kollam

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

The institutions don’t just look at the overall score but also 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 barrier to your availing a fresh loan.

Personal Loan Kollam Agents

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

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

Personal Loan Kollam Contact Number

Call9878981166 and get instant help and approval for a Personal Loan in Kollam.

Pre Calculated EMI Table for Personal Loan Kollam

About Kollam

Kollam, also known as Quilon, has a population of 3,49,033 (2011 Census). The people in Kollam are mostly involved in the workings of dairy farming, fishing (approximately 134973 people are engaged),  poultry farming, metal industries, and mineral works. The place is also known as the Cashew Capital of the world. The festive culture of the place makes everyone contribute to the festivals, which people here enjoy so much. Most of the people do not have much savings as they belong to middle-class families. Therefore, people encourage the borrowing of personal loans in Kollam.

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