Personal Loan Mandya

Major Personal Loan Providers in Mandya

Personal Loan Mandya Features

The loan offered to people without placing any collateral is defined as a Personal Loan. This kind of loan helps a person to meet personal requirements without including any type of property or asset. The amount can be used for several purposes like wedding expenses, higher study, home renovations, debt consolidations, and many more reasons.

You can avail of a personal loan in Mandya as it is easy to take and more manageable to repay. In addition to this, you don’t need to have any collateral to be deposited as this loaning scheme is guarantee free facility.

A personal loan in Mandya is unsecured in nature that a person can avail based upon his monthly income and CIBIL score without the need of having to keep any collateral security with the bank or NBFC. There exists no end-use restriction on the use of the personal loan amount which allows the use of this loan amount for any financial purpose.

Personal Loan Mandya Interest Rates

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

Documents for Personal Loan Mandya

With the right documents, you can easily avail instant Personal Loan in Mandya with DialaBank. The important documents required for both the salaried and self-employed customers are as follows:

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
7. In the case of residing in rented apartments, the rent agreement needs to be attached.

Self-Employed Customers:

1. All financials are required. These may be 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 Mandya

The personal loan eligibility criteria for both Salaried and Self-Employed in Mandya are different in the following manner:

Salaried Applicants:

1. Salary: Rs 18,000 (Monthly).
2. Minimum and Maximum Age: 21 and 60 Years.
3. Work Experience: A total of three years and 1-year experience in the current ongoing job.
4. CIBIL Score must be more than 700.
5. The applicant should not be receiving his salary in cash.

Self-Employed Applicants:

1. Minimum and Maximum Age: 25 and 65 years.
2. Proof of filed annual ITR of 2.5 to 3 lakh for the previous 3 years.
3. Residence: Should be owning an Office or Home.
4. Business Stability: Your business should be well operating with stability for the last three years.
5. CIBIL Score should be more than 700.
6. The minimum age requirement for a self-employed applicant should be 25 years.

Why Apply for Personal Loan Mandya?

1. It is a completely safe and straightforward loan scheme for raising funds in times of need as it does not require collateral.
2. There is no need to mortgage your precious assets as security to the lender.
3. A co-applicant is not essentially required.
4. The loan is only dependent upon the candidate’s income and repayment capability.

How to apply for Personal Loan Mandya?

Applying for a personal loan in Mandya is easy with DialaBank. The process of application is quite straightforward and fast to enable anyone to apply for it easily.

1. Visit Dialabank.
2. Then select a Personal Loan option from the options online after filling in all the personal details.
3. Enter your active, working contact number so that we can contact you back.
4. Dialabank is one of the top platforms available online to apply for a personal loan in Mandya as we provide you with all kinds of loans at a very affordable rate of interest.

Processing Fee / Prepayment Charges on Personal Loan Mandya

Every Bank and NBFC charges a fixed fee for processing your Personal Loan application in Mandya. This charge is 1% of the loan amount depending on the loan amount.

But in any case, if you wish to foreclose your loan before the agreed loan tenure, which is usually a period of 12 months every lending institution charges you a penal prepayment fee for foreclosure. The charges also vary depending on the amount of tenure of the loan left and exist from 2% of the outstanding loan amount in the 2nd year to 4% in the 4th year of the personal loan.

Personal Loan Mandya EMI Calculator

Equated Monthly Installments also popularly known as EMI are the monthly fixed charges that you pay to the bank or NBFC as monthly repayment for the loan amount borrowed as part of a personal loan in Mandya.  Based on your profile, and capabilities of the loan repayment the interest rate on your loan is calculated which you have to pay every month.

You can easily calculate your EMI amount on your personal loan in Mandya using a Personal loan EMI Calculator on our website dialabank.com.

CIBIL Score required for Personal Loan Mandya

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Mandya.

1. Mostly a CIBIL score of 750 is considered to process your personal loan application in Mandya.
2. They also consider the ability and ease with which you previously paid your loans that describes your creditworthiness.
3. Any sort of delayed payments for previous any kind of loans can result in a decrease in your CIBIL score.

Personal Loan Mandya Agents

Dialabank is the leading agent for availing Personal Loan in Mandya. Dialabank helps you to find the best option of Banks and NBFCs by providing you with a comparison of different numerous offers provided by them so that you can make the right choice in the process of a loan application.

To get the best offers on personal loans in Mandya kindly visit our website and fill a simple form online with your personal and employment details. Our customer relationship managers will soon get in touch with you on the contact number provided on your application to help you further. You can apply online or give a call at 9878981166 for further processing of personal loans in Mandya.

Personal Loan Mandya Contact Number

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

Pre Calculated EMI Table for Personal Loan Mandya

About Mandya

Mandya is a town situated in the state of Karnataka in India. It is the administrative headquarters of the Mandya District. It is a market for many villages nearby and is famous for rice mills or for many famous leaders.

FAQs About Personal Loan Mandya

✅ Who can apply for a Personal Loan in Mandya?

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 Mandya.

✅ What is the tenure of a Personal Loan in Mandya?

Most of the Banks and NBFCs provide a Personal Loan in Mandya for a min period of 1 Yr and a Max period of 5 Years. Some Banks or NBFCs even extend the maximum period to 7 Years in some rare cases. The tenure mostly cannot be extended. The repayment has to be made in the form of equal monthly installments every month within the agreed tenure of the personal loan.

✅ Are there any other charges involved in Personal Loan Mandya?

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

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

Pre-closure Charges: Whenever you close an operating loan before its agreed tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Various banks have different pre-closure rate charges. The pre-closure charges change depending on how many years has your loan been completed and how many years are left before you decide to pre-close it.

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

Since a Personal Loan is unsecured in nature, one of the most important decision criteria for getting your Personal Loan application approved in Mandya is your CIBIL Score. Having a High CIBIL score becomes beneficial if you wish to get a Personal Loan in the future. Make sure to not miss any of your loan EMI payments any month or any credit card payments as that will result in lowering your CIBIL score and hence hindrance in a personal loan approval. Usually, most of the Personal Loan rejections that happen are a result of a low CIBIL Score.