Best Banks for Personal Loan in Mangalore
1% - 2.5% of the Loan Amt
Personal Loan in Mangalore Features
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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
|
Are you running short out of cash? Do not worry. Personal Loan is available for you. 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 Mangalore is an unsecured loan that provides financial aid to the customers at affordable interest rates. To avail a Personal Loan, the applicant needs to have a rigid and good source of income and has a good credit history.
Personal Loan Mangalore Interest Rates are quite low @9.99% p.a.
Further, there is no end-use limitation on the use of the personal loan amount. You can utilize this loan amount anywhere you want to do.
Personal Loan in Mangalore Interest Rates- Dec 21 2024
| Name of the Bank | Interest Rate Range | Processing Fee Range | Loan Amount | Tenure |
| Private Bank | 11.59% - 18.49% (Fixed) | 2.25% (min. Rs.1149) One time fee | Rs.20 lakh (Max) | 1-5 Years |
| CitiBank | 10.99% - 15.99% (Fixed) | 1% to 2.5% | Rs.30 lakh (Max) | 1-5 Years |
| Kotak Mahindra Bank | 10.99% to 24% p.a. | Up to 2.5% of the loan amount along with GST or service tax | Rs.50,000 to Rs.15 lakh | 1 to 5 Years |
| Fullerton India | 11.99% to 23.99 p.a. | Information not provided. | Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals | 1 to 4 Years |
| Bank of Baroda | 11.35% - 14.35%Fixed | Rs.1,000 to Rs.10,000 (One time fee) | Rs.20,000 - Rs.2 lakh | 4 Years (Max) |
| State Bank of India | 12.90% - 14.90% (Fixed) | 1% (One time fee) | Rs.24,000 - 15 lakh | 5 Years |
| Aditya Birla | 11.5% - 13.25% (Fixed) | Nil | Rs.30 lakh (Max) | 1-5 Years |
| Allahabad Bank | Information not provided | 1.06% of loan amount | Information not provided. | 1 to 5 Years |
| Yes Bank | 14% p.a. | Up to 2% (One-time fee) | Rs.2 lakh to Rs.20 lakh | 1 to 5 Years |
| Corporation Bank | 12.75% to 13.75% p.a. | Up to 1.5% Minimum amount of Rs.500 | Up to Rs.3.50 lakh | Up to 5 Years |
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Mangalore Fees & Charges – Dec 21 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.
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| 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 in Mangalore
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.
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| Existing Loans (if any) |
Payment Track Record & Sanction letter
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| Photograph |
One coloured passport size photograph
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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
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| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
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| Existing Loans (in case any) |
Payment Track Record and sanction letter
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| Professional Degree Certificate |
In case of professionals
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| Photograph |
One coloured passport size photograph
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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%
Personal Loan in Mangalore Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed for availing a personal loan Mangalore are different:
| 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
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| 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 the individual should be 21 years and maximum up to 60 years.
- The applicants must have the work experience of the three years. The salary should come into their bank accounts only.
- The applicants must should a good credit history and CIBIL score as well.
- The job locality of the applicant must 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 applier should be 25 years.
- The applicants applying for the personal loan should present the ITR files for the last three years.
- If the candidates are the businessman, then the business should be functioning from the past three years.
- The credit score of the individual should be good. There should not be any debt behind.
- The annual salary of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation processing of the personal loan is the candidates 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 Personal Loan in Mangalore?
- There is no requirement for any security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to money.
- The amount of personal loan depends on individual income and capacity.
- A Personal Loan does not need any guarantor or nominee.
How to apply for Personal Loan in Mangalore?
- Visit Dialabank.
- Visit the loan section and click on the personal loan link.
- The candidate will be directed to all details of the personal loan where you can select the preferred city.
- For more information and guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fees/ Prepayment Charges on Personal Loan in Mangalore
Every Bank and NBFC charges a fee to process your Personal Loan application. The personal loan Mangalore processing fee is 1% of the sanctioned loan amount.
If you want to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. Most of the time, you cannot close your loan before 12 months. Post 12 months that the charges differ on how many years the loan has done. These charges alter from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.
Personal Loan EMI Calculator Mangalore
Equated Monthly Installments (EMI) is the monthly fixed payments that you pay to the bank for the loan amount borrowed. Based on your profile, the interest rate on your loan is shaped. Your EMI is calculated using personal loan EMI calculator based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the tenure period.
CIBIL Score required for Personal Loan Mangalore
Every lending institution has its own norm for the minimum CIBIL score required for processing a Personal Loan Mangalore. Most institutions require a minimum score of 750 for processing of your loan application.
The institutions don’t just look at the CIBIL score but also the detailed behaviour on the previous loans that you have taken. This comprises details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a hindrance to your availing a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Mangalore Agents/Broker
Dialabank is the leading agent for availing Personal Loan Mangalore. You can apply online at Dialabank or call at 9878981166
Dialabank helps you to find out the best option of Banks and NBFCs by offering you with a detailed market comparison of different banks so that you can make the right choice. Visit our website Dialabank and fill a form with your personal and employment details. Our customer relationship managers will get in touch with you.
Personal Loan Mangalore Contact Number
Call 9878981166 and get instant help and approval for Personal Loan Mangalore.
Pre Calculated EMI Table for Personal Loan Mangalore
About Mangalore
The official name of Mangalore is Mangaluru. It is located in the Karnataka state, India. Mangalore is situated between the Arabian Sea and the Western Ghats. It is the only state which has all four modes of transport- Air, road, rail, and sea.
FAQs on Personal Loan Mangalore
✅ What is a personal loan?
A personal loan is a type of unsecured loan that a person can avail based upon their monthly income and CIBIL score. The loan amount available can be used for any personal purpose and need.
✅ How to get a personal loan in Mangalore?
To get a personal loan you either walk into the nearest bank branch with basic documents like Aadhar Card, PAN Card, Salary Slip/Bank Statement, and ITR file of the last three years. You can also fill out an inquiry form and apply online at Dialabank’s digital platform for better convenience and personalized assistance.
✅ What is the interest rate for personal loan in Mangalore?
The interest rates for personal loans is 10.75% per annum. The rate of interest depends upon your monthly income, CIBIL Score, loan amount, and loan tenure.
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