Personal Loan Mahasamund

Major Personal Loan Providers in Mahasamund

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 Mahasamund Features

Are you in need of immediate cash? You do not need to worry. A personal loan option is available for you. This is the type of loan which is completely unsecured in nature as it needs minimal documentation with little to no paperwork. It may get approved within 48 hours after the verification procedure.

Personal Loan Mahasamund gives financial aid to all its customers at extremely cost-effective interest rates. To get a personal loan, the applicant would be needed to have a relatively stronger and dependable source of income with a fairly decent credit history.

Also, there exists no stated end-use restriction on the use of the personal loan amount. This loan amount can be used in whatever way wanted.

In order to apply for a personal loan, Mahasamund click on Personal Loan

Personal Loan Mahasamund 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 Mahasamund

Salaried Customers:

1. Identity proof (Aadhar card/driving license)
2. Statements for the salary of the past three months.
3. Bank statements for the last 6 months
4. PAN
5. Proof for Residence (Own/Rent/Company provided)
6. Passport-size photograph – 2

*NOTE: If one lives in rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

1. All financial statements are required (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar
4. Residence Proof
5. Passport-sized photographs- 2

Eligibility Criteria for Personal Loan Mahasamund

Click here to know about personal loan eligibility

Salaried Applicants

1. The base age of the candidate ought not to be under 21 years or over 60 years.
2. The candidate must have a working understanding of in any event three years. The compensation ought to have been moved in their records as it were.
3. The applicant should have an outstanding credit history.
4. The job location of the applicant should be mentioned.
5. The borrower must have a minimum income of at least INR 25,000 p.m.

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

Self-Employed Applicants

1. The age of an independent person applying should be at least 25 years.
2. The applicant applying for a personal loan should have been filing ITR for the past three years. \ case the applicant is a businessman, then the business is required to be running well for the last 3 years.
3. The credit score of the applicant should be good and there must not be any debt or any dues pending.
4. The yearly income of the applicant should be no less than Rs 2.5 lakh.
5. The entire document verification process for the personal loan approval requires the applicants to submit their financial statements and their bank statement for the past three months.

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

Why Apply for Personal Loan Mahasamund?

1. There is no necessity for the requirement of depositing any mortgage as a security to the bank.
2. A personal loan is a multidimensional loan, so it can be put to various uses and issues.
3. The amount taken as a personal loan completely depends on the repayment capacity of the applicant
4. It doesn’t require any nominee

How to apply for Personal Loan Mahasamund?

1. Visit this website: dialabank
2. Then, click on the loan section and go to the personal loan link. It will take you to the detailed information of the personal loan where you can choose your city. For more information, please call 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Mahasamund

All banks and NBFCs would charge a certain fee to process a personal loan application. This cost usually varies from 1.5% to 2.5% of the approved loan amount.

If you choose to close your loan before the decided chosen loan period, all the lending institutions would charge you a penalty as a prepayment fee. Usually, you would not be allowed to close your loan before 12 months. After that, the charges would be different based on the number of years the loan has been completed. This charge varies from 4% of the leftover loan amount in the second year to 2% in the fourth year of the loan.

To know about the interest rate click on personal loan interest rate

Personal Loan Mahasamund EMI Calculator

Equated Monthly Installments or EMI is a monthly fixed rate that you would have to pay to the bank as monthly repayment for the loan amount which is secured. According to your profile, the rate of interest on your loan is decided and set. The EMI on your loan is calculated depending upon the Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan.

CIBIL Score required for Personal Loan Mahasamund

All the lending institutions have their own criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Mahasamund. Mostly, the institutions would need a minimum score of at least 750 to process your application.

No institution only looks at the overall score. They also look at an elaborated view of the previous loans. The details include the type of loans and the amount of money that was borrowed. If there exists any delay in the payments of the previous loans, it may hinder the approval of the present loan.

Personal Loan Mahasamund Agents

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

Dialabank assists you to look for the best option of Banks and NBFCs by giving you access to an in-detail market comparative analysis of various banks to help you pick the right one. Visit our website www.dialabank.com and fill out a simple form with the details of personal and employment data. Our customer relationship managers will be in touch with you shortly.

Personal Loan Mahasamund Contact Number

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

Pre Calculated EMI Table for Personal Loan Mahasamund

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 Mahasamund

Mahasamund City is a city in Mahasamund District in the Indian state of Chhattisgarh. It is the 12th biggest city in the State. The city is divided into 30 wards and four zones and it is the biggest city in the Trans-Mahanadi area.

FAQs About Personal Loan Mahasamund

Who can apply for a Personal Loan in Mahasamund?

People who have an urgent need for cash and have a regular source of income (from both employment or business) can apply for a Personal Loan in Mahasamund.

What is the tenure of a Personal Loan in Mahasamund?

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.

Are there any other charges involved in Personal Loan Mahasamund?

Yes, there are 2 types of charges that one needs to pay in order to avail of a personal loan in Mahasamund:

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount.

Pre-closure Charges: If you want to close a running loan before its decided tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary depending on how many years has your loan been completed before you decide to pre-close it.

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

Personal Loan, being an unsecured loan, one of the most significant 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 leave or delay any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections occur because of a low CIBIL Score.

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