Best Banks for Personal Loan in Kota
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
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 Kota Features
A personal loan is available to all of you who are running short of cash. This loan is unsecured in nature with minimal documentation and less paperwork. This loan can get approved in 48 hours after the verification process.
Personal Loan Kota is an unsecured loan that provides financial assistance to those in need at affordable interest rates. A rigid and good source of income and a good credit history are essential for an applicant to get a personal loan.
Moreover, there is no end-use restriction on the use of the personal loan amount. Therefore, this loan amount can be used anywhere the borrower wants.
Personal Loan in Kota Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
Documents Required for Personal Loan in Kota
Salaried Customers:
- Identity proof (Aadhaar card/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 the case of rented apartments, a 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
- Aadhaar Card
- Residence Proof
- Two passport-sized photographs
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Kota Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed in Gwalior are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
- The applicants must have work experience of three years. The salaries of the applicants should be received only at their accounts.
- The applicants must have an exceptional credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of 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.
- The applicants applying for the personal loan must show the ITR files for the last three years.
- If the applicants are businessmen, then the business should have been running for the past three years.
- The credit score of the individual applicants should be up to the mark. There should not be any debt or dues left.
- 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 a Personal Loan in Kota?
- Mortgage and collateral security does not have to be deposited into the bank.
- A personal loan is a multi-objective offer loan. It takes care of all the problems relating to finance.
- The personal loan amount depends on individual income.
- A Personal Loan does not require any guarantor.
How to apply for a Personal Loan in Kota?
- Visit Dialabank.
- Go to the loan section and press the personal loan link.
- The candidate will be directed to all personal loan details where they can select their preferred city.
- For more information, call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fees / Prepayment Charges on Personal Loan in Kota
Every Bank and NBFC charge a processing fee for your Personal Loan application. These charges can vary from 1.5% to 2.5% of the sanctioned loan amount.
Every lending foundation charges a penal pre-payment fee if you wish to foreclose your loan before the agreed-upon loan tenure. In most cases, you may not close your loan before 12 months. Later, the charges depend on how many years the loan has been done. These charges range from 4% in the 2nd year to 2% in the 4th year of the loan amount.
Personal Loan EMI Calculator Kota
Equated Monthly Installments are known as EMI that means the monthly fixed payments that you pay to the bank for the loan amount you have borrowed. Based on your profile, the interest rate on your personal loan is decided. Your EMI can be calculated using the personal loan EMI calculator based on the interest rate charged by the bank, the amount of loan you have to take, and the period for which you enjoy the loan.
CIBIL Score required for Personal Loan Kota
Every lending institution has the criteria of the CIBIL score required for processing a Personal Loan application in Kota. Most institutions require a minimum score of 750 for the processing of your loan application.
Also, detailed behaviour is noticed for the previous loans you have taken. This involves a type of loan taken and the amount borrowed. Any delayed payments for previous loans can create a barrier to your availing of a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Kota Agents/Broker
Dialabank is the leading agent for availing Personal Loan in Kota.
You can apply online at Dialabank or call at 9878981166.
Dialabank supports you to find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can choose the best. Visit our website www.dialabank.com and fill a simple form by filling in your personal and employment details. Our customer relationship managers will soon get in touch with you.
Personal Loan Kota Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan in Kota.
Pre Calculated EMI Table for Personal Loan Kota
About Kota
Kota is a city situated in the southeastern region of the northern state of India called Rajasthan. Having a population of over 1.2 million, it is the third in terms of population among the states of Rajasthan after Jodhpur and Jaipur. The city has various engineering and medical coaching institutions. It is also a major coaching hub of the country for competitive examination preparations. Many students come to Kota for IIT JEE and NEET preparations.
FAQs About Personal Loan Kota
✅ Who can apply for a Personal Loan in Kota?
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 Kota.
✅ What is the tenure of a Personal Loan in Kota?
Most banks and NBFCs provide a Personal Loan for a minimum duration of 1 year and a max duration of 5 years. Some Banks extend the maximum period to 7 Years also. The tenure is fixed and cannot be increased. The repayment has to be done in equal monthly instalments within the loan tenure period.
✅ Are there any other charges involved in Loan Kota?
Yes, there are 2 types of charges that one needs to pay in order to avail of a personal loan in Kota:
Processing Fee: For every bank or lending institution that you borrow from, they charge a fee from the candidate. This is called a Processing Fee. The processing fee amount alters for each lending institution and is between 1% of the loan amount.
Pre-closure Charges: Whenever you desire to close a running loan before its agreed tenure period, the Banks and NBFCs charge an additional amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges depend on how many years has your loan been completed before you decide to pre-close it.
✅ Can my application for Personal Loan Kota get rejected due to my CIBIL score?
Since a Personal Loan is not a much-secured loan, one of the most important criteria for availing your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes important if you want to avail of 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 decrease your CIBIL score. Most of the Personal Loan rejections happen to cause a low CIBIL Score.
Other Cities For Personal Loan
| Personal Loan Rawatbhata | Personal Loan Pilibanga |
| Personal Loan Rajgarh | Personal Loan Phulera |
| Personal Loan Rajasthan | Personal Loan Pilani |
| Personal Loan Prantij | Personal Loan Nagaur |
