Personal Loan Meerut

Best Banks for Personal Loan in Meerut

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 in Meerut Features

Personal loan Meerut is available for all those who are running short of and in need of cash. This loan is unsecured in nature with minimal documentation and paperwork. Another benefit is that the approval of this loan will be finalized within 48 hours after the verification process.

Personal Loan Meerut is an unsecured loan that provides financial aid to customers at affordable interest rates. A rigid and good source of income along with a satisfactory credit history is essential in order to provide loans to the applicants. The applicants can also use this loan amount anywhere they want to.

Moreover, there is no end-use restriction on the use of the personal loan amount. A rigid and good source of income along with a satisfactory credit history is essential in order to provide loans to the applicants.

Personal Loan in Meerut 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 Required for Personal Loan in Meerut

Salaried Customers:

There are various documentation requirements for salaried customers in order for them to avail of personal loan Meerut. these documents include Identity proof (Aadhar card/driving license), salary slips for the last three months, bank statements for the last 6 months, PAN card, residence proof (owned/rented/company provided), and passport-sized photographs – 2.

*NOTE: If you live in rental apartments, a rent agreement needs to be attached.

Self-Employed Customers:

There are documents requirements even for self-employed customers in order for them to avail a personal loan Meerut. These documents include Financials( Balance sheet,  P&L Statement as well as ITR files), PAN card, Aadhar card, Residence proof, and two passport-sized photographs.

Personal Loan in Meerut Eligibility Criteria

The personal loan eligibility criteria for both Salaried and Self-Employed for availing a personal loan from Meerut are different:

Salaried Applicants:

1. The minimum age requirements of the individual should be 21 years and a maximum up to 60 years.
2. The applicants must have work experience of three years. The salaries of the applicants should be deposited only in their accounts.
3. The applicants should have an excellent credit history.
4. The job venue of the applicant must be mentioned.
5.  A borrower should have a minimum income of INR 25,000 per month.

Click here to know more about- Salaried Applicant

Self-Employed Applicants:

1. The minimum age requirement for getting a personal loan should be 25 years.
2. The applicants applying for the personal loan must have the ITR for the last three years.
3. If the candidates are the businessman, then the business must be running from the past three years.
4. The credit score of the individual should be good and there should not be any 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 the applicants 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 a Personal Loan in Meerut?

A personal loan Meerut provides its customers with several benefits other than what other loans provide. In this loan, mortgage and collateral security do not need to be deposited to the bank. A personal loan is a multi-objective offer loan. All the problems related to finance can be addressed by this loan. Also, the amount of personal loans depends upon the repayment of individual income and capacity. Another added benefit is that a Personal Loan does not require any guarantor or nominee.

How to apply for a Personal Loan in Meerut?

1. Visit Dialabank.
2. Visit the loan section and click on the personal loan link.
3. The applicant will be directed to all details of the personal loan where they can opt for their preferred city.
4. For more information and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Personal Loan in Meerut

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

If you want to foreclose your personal loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you are incapable of close your loan before 12 months. Post that the charges differ on how many years the loan has been done. These charges range from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Meerut

You can use personal loan EMI calculator to calculate your EMIs. Equated Monthly Installments are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount you have borrowed. Based on your profile, the interest rate on your loan will decide. Your EMI is calculated basis the Interest Rate you are charged by the bank and the loan amount you have taken and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Meerut

Every lending institution has its own norm for the minimum CIBIL score required to process a Personal Loan application in Meerut. Most institutions need a minimum score of 750 to process your loan application.

The institutions don’t just look at the CIBIL score but also the detailed behavior of the previous loans taken. It includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as an obstacle to getting a personal loan.

Personal Loan Meerut Agents/Broker

Dialabank is the leading agent for availing Personal Loan in Meerut. You can apply online or call at 9878981166.

Dialabank supports you to find the best option for Banks and NBFCs by offering you a detailed market comparison of different banks so that you can make the right choice. Visit the website www.dialabank.com and fill a simple form using your personal and employment details. Our customer relationship managers will contact you soon.

Personal Loan Meerut Contact Number

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

Pre Calculated EMI Table for Personal Loan Meerut

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 Meerut

Meerut is an ancient city located in the state of Uttar Pradesh. The city has arrangements in and around the area dating back to the Indus valley civilization. Meerut is the 33rd most populated urban agglomeration. It is the 26th most populous city in India. Meerut has presented healthy numbers in terms of revenue generation. The city is ordinarily known for its handloom works and scissors industry. Meerut is a rich agricultural area.

FAQs About Personal Loan Meerut

✅ Who can apply for a Personal Loan in Meerut?

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 Meerut.

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

Most of the Banks and NBFCs provide a Personal Loan for a min duration of 1 Yr and a max duration of 5 Years. There are some Banks that expand the maximum period to 7 Years. The tenure is fixed. The repayment has to be done in equal monthly instalments within the loan tenure duration.

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

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

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

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

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

Since a Personal Loan is an unsecured loan, one of the criteria for getting your Personal Loan application approval is your CIBIL Score. Having a good CIBIL score will help you in getting a personal loan easier. You may experience a decrease in your CIBIL score if you skip any of your credit card payments or EMI payments.