Major Personal Loan Providers in Lucknow
1% - 2.5% of the Loan Amt
Personal Loan Lucknow Features
In these modern times, needs are rising high. Therefore, the expenses also are growing at a quick rate. It’s tough for someone to cope up with this unstable climate. A private loan is the best loan choice to handle all expenses easily.
This is often the most straightforward and most innovative, thanks to eliminating financial worries. This loan seems to be attractive as you would like not to deposit any assets to the lender.
As the name suggests, a private Loan is also opted by a person because of an urgent requirement of money, for instance, any medical issue, education purpose, or wedding, or to meet any of your other personal needs. this is often a life-saver option.
To get a loan, the applicant must have a rigid and good income source and a decent credit history. Furthermore, there’s no end-use restriction on the employment of the personal loan amount.
|
Personal Loan Details
|
|
| Interest Rate |
10.75% to 24% p.a.
|
| Processing Fees | 0.5-2.5% |
| Loan Tenure |
1 year to 5 years
|
| Pre-closure Charges | 2% - 5% |
| Guarantor Requirement |
No guarantor required
|
Personal Loan Lucknow Interest Rates – Sep 20 2024
The interest rates in a Personal Loan depends on the company’s profile and the salary of a person. The interest rate of personal Loan starts. Get 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
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Lucknow Fees & Charges – Sep 20 2024
| 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 Lucknow
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
| Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
| Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
| Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
| Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
| Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
|
| Existing Loans (if any) |
Payment Track Record & Sanction letter
|
| Photograph |
One coloured passport size photograph
|
List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
| Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
| Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
| Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
| Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
| Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
|
| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
|
| Existing Loans (in case any) |
Payment Track Record and sanction letter
|
| Professional Degree Certificate |
In case of professionals
|
| Photograph |
One coloured passport size photograph
|
List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
| Identity Proof | Copy of the passport Copy of the visa |
| Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
| Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
| Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
| Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
| Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
| Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
| Photographs |
Passport size photographs
|
Know More About: Personal Loan Eligibility Criteria
PERSONAL LOAN
Interest Rate 9.99%
Eligibility Criteria for Personal Loan Lucknow
The personal loan eligibility criteria for both Salaried and Self-Employed are different. It is based on the bank, which has to approve the request of the applicant regarding the credit. There are various eligibility criteria for both applicants:
| Particulars | Salaried | Self-Employed |
| Age | 21 - 60 years | 21 - 65 years |
| Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
| Co-applicant | Not mandatory | Not mandatory |
| Loan Tenure | 12 – 60 months | 12 – 60 months |
| Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
| Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
| Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
| CIBIL Score | 750 and above | 750 and above |
| Residential Status |
Resident Indian staying in own house or a rented house
|
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
| Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
| SBI | Up to 76 years | NA** | Rs.15,000 |
| HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
| Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
| Axis | 21 to 60 years | NA** | Rs.15,000 |
| Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
| Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
| IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
| Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
| India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
| HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
| Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
| IDFC First Bank | 23 to 68 years | 3 years | NA* |
| Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
| Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
| Andhra Bank | 21 - 55 years | NA** | NA* |
| Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
| IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
| Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
| RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
| Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
| Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
| Karnataka Bank | NA** | 3 years | NA* |
| United Bank of India | up to 75 Years | 2 years | NA* |
| UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants:
- The minimum age requirements of individuals should be 21 years and a maximum of up to 60 years.
- The applicants must have work experience of three years. And the salary should be received in their accounts only.
- The applicants must have an excellent credit history.
- The job location of the applicant should be mentioned.
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 should file ITR for the last three years.
- The whole documentation process of the personal loan is the applicants have to submit his financial and bank statements of the previous three months.
- If the applicants are the businessman, then the business should be running from the past three years.
- The individual applicants’ credit score should be good; there should not be any debt or dues left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
Click here to know more – Self-employed Applicant
PERSONAL LOAN
Interest Rate 9.99%
Why Apply for Personal Loan Lucknow?
- No Securities: The securities for these loans don’t seem to be required. These loans are supported by the monthly or annual income of the applicants.
- Interest Rates: These loans have a competitive rate of interest. Several banks offer the most affordable loans in this category.
- Tenure: The fundamental quantity of those loans is extended to five years. There are several exceptions too.
- Quick Processing: The loans are processed in no time after the verification of the documents.
- EasyInstallments: The applicant’s quantity and amount are chosen for this loan consistent with his affordability.
- Minimum Documentation: The documents needed by the banks to avail of those loans are primary documents.
- Credit Score: a number of the applicants apply for these loans to boost their credit scores.
How to apply for Personal Loan Lucknow?
Applying for a personal loan is easy with Dialabank. Get an instant personal loan by applying online with Dialabank. Just follow the steps below to enjoy a hassle-free experience:
- Visit our website dialabank.
- Go to the loan section and click on on the personal loan link.
- The applicants are required to fill the small print of themselves altogether.
- Click for the asking a quote, and our relationship manager will soon get in grips with you.
- For more information and free guidance, you will appeal 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Lucknow
Every Bank and NBFC charges two sorts of fees for on loan applications.
- The processing fee charges are mandatory for each ban/NBFC. These charges are 1% of the sanctioned loan amount.
- The other is pre-closure charges applicable just in case you want to foreclose your loan before the agreed loan tenure. In most cases, you can’t close your loan before 12 months. Post that, the fees vary, looking at what percentage years the loan has done. These charges range from 4% of the outstanding loan amount within the 2nd year to twenty-eight within the loan’s 4th year.
Personal Loan Lucknow EMI Calculator
Equated Monthly Installments, also known as EMI, because of the monthly fixed amount that the customer or applicant needs to pay to the bank because of the loan amount. The applicant is that the borrower in such cases, and also the bank is that the lender. Therefore, EMI varies, consistent with your loan amount and tenure. You’ll be able to find the Personal loan EMI calculator on Dialabank’s website.
CIBIL Score required for Personal Loan Lucknow
CIBIL Score is the history of the payments that you have made in the past. The CIR (Credit Information Report) is the history of your credit score, which checks your account’s history for different loans that you have taken (if any) and the credit card history (if you have).
- Mostly a CIBIL score of 750 and above is considered good while applying for a personal loan.
- The better the CIBIL score, the easier it becomes to avail of the loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Lucknow Agents
Dialabank is associated with various banks and NBFCs in Lucknow that provide personal loans at low-interest rates. Thus, Dialabank is the leading agent for availing Personal Loan in Lucknow. You can also apply online at dialabank or give us a call at 9878981166.
- We do not charge any extra fees from our customers.
- We are always ready to help our applicants and are available 24/7.
- The approval process is time-saving if you apply through Dialabank.
- The Loan gets disbursed within 24 hours.
- Our experts will assist you, and our relationship managers will provide guidance.
Personal Loan Lucknow Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan in Lucknow.
Pre Calculated EMI Table for Personal Loan Lucknow
About Lucknow
Lucknow is the capital city of Uttar Pradesh in India. It is a metro city. It is the 2nd largest city in north, east and central India after Delhi. It is a significant hub of music, poetry, aerospace, pharmaceuticals, design, culture, and tourism.
FAQs About Personal Loan Lucknow
✅ Who can apply for a Personal Loan in Lucknow?
People who urgently need cash and have a regular income source (from employment or business) can apply for a Personal Loan in Lucknow.
✅ What is the tenure of a Personal Loan in Lucknow?
Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks that 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.
✅ Can my application for Personal Loan Lucknow 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. Make sure you don’t skip any of your loan EMI payments or any credit card payments to decrease your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.
