Personal Loan Kotdwar

Best Banks for Personal Loan in Kotdwar

Personal Loan Kotdwar Features

With the little paperwork and hassle-free verification process, a personal loan is available to the clients anytime they require it. This kind of loan can be used for any work and personal reasons. Banks and other financial aid institutes provide personal loans at a meagre interest rate. To get a Personal Loan, the applicant needs to have a rigid and good income source and a good credit history.

Furthermore, there is no end-use restriction on the use of the personal loan amount. Therefore, you can use this loan amount anywhere you want to do.

Personal Loan in Kotdwar Interest Rates

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

Documents required for Personal Loan in Kotdwar

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 Kotdwar 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. 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 in metropolitan city RS 18,000 and in non -metro city RS 12,000

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 that the applicant has 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 Kotdwar?

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 a Personal Loan in Kotdwar?

To apply for an Instant Personal Loan Kotdwar, Applicants don’t need to visit the bank’s branch as applicants can apply for it online at DialaBank.com.

1. Visit www.dialabank.com.
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 Kotdwar

Every Bank and NBFC charges a fee for processing your Personal Loan Kotdwar application. These charges are 1% of the loan amount.

If 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 EMI Calculator Kotdwar

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 basis the Interest Rate the bank charges you, the amount of loan you have to take, and the period you enjoy the loan.

To calculate your EMI: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Kotdwar

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Kotdwar. However, 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. 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 of a fresh loan.

Personal Loan Kotdwar Agents

Dialabank is the leading agent for availing Instant Personal Loan in Kotdwar.

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

Personal Loan Kotdwar Contact Number

Call 9878981166 and get instant help and approval for a Personal Loan in Kotdwar.

Pre Calculated EMI Table for Personal Loan Kotdwar

About Kotdwar

Kotdwar is a city and a tehsil in the Pauri Garhwal district of Uttarakhand in India. It is the 8th largest city in Uttarakhand. Its old name was “Khohdwara“, which means the gateway of the river Khoh.