Personal Loan Modinagar

Major Personal Loan Providers in Modinagar

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 Modinagar Features

Why let financial constraints let forbid your desires when you’ve got Personal Loans to fulfil your desires. Individual loans cover all your expenses with the liberty to use them at an ease.

Easy documentation and simple proceedings are the attributes of individual loans. Transparent loans provide you access to the process of the application approval which is approved within 48 hours of application.

Personal Loan Modinagar is a loan that gives financial assistance to customers at affordable and cost-effective interest rates. In order to get a Personal Loan, the applicant is required to have a strong and reliable source of income and also good credit history.

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

Personal Loan Modinagar 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 Modinagar

Salaried Customers:

1.  ID proof (Aadhar card/driving license)
2. Slips for salary for the past three months
3. Statement of Bank for the last 6 months
4. PAN Card
5. Proof of Residence (Own/Rent/Company provided)
6. Two Passport-size photograph

*NOTE: In the case of rented apartments, a rent agreement is needed to be attached.

Self-Employed Customers:

1. All financial statements are needed (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar
4. Proof of residence
5. Two passport-sized photographs

Eligibility Criteria for Personal Loan Modinagar

Click here to know more about personal loan eligibility

Salaried Applicants:

1. The minimum age of the applicant should not be less than 21 years or more than 60 years.
2. The applicant must have work experience of at least three years. The salary should have been transferred in their accounts only.
3. The applicant should have an excellent credit history.
4. The location of the applicant’s job should be stated.
5. The borrower must have a minimum income of 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 should be at least 25 years.
2. The applicant applying for the personal loan should have been filing ITR for the past three years.
3. If the applicant is a businessman, then the business is required to be efficiently running for the last 3 years.
4. The credit score of the applicant should be good and there must not be any debt or dues pending.
5. The yearly income of the applicant should be a minimum of Rs 2.5 lakh.
6. The whole document verification process of the personal loan requires the applicant to submit his financial and his bank statement of the previous three months.

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

Why Apply for Personal Loan Modinagar?

1. There is no requirement of depositing any mortgage or collateral as a security to the bank.
2. A personal loan is a multidimensional loan, thus it can be put to use for all the issues related to money.
3. The amount of personal loans is solely based on the repayment capacity of the individual.
4. A Personal Loan does not need any nominee or guarantor.

How to apply for Personal Loan Modinagar?

1. Visit this website: Dialabank.
2. Then, navigate to the loan section and go to the personal loan link.
3. You will be directed to the detailed information of the personal loan where you can pick your city.
4. For further information and free guidance, feel free to call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Modinagar

All Banks and NBFCs charge a certain fee for processing a Personal Loan application. This charge is 1% of the loan amount.

If you wish to foreclose your loan before the decided loan tenure, all lending institutions ought to charge you a penalty as a prepayment fee. Mostly, you are not allowed to close your loan before 12 months. After that, the charges differ based on how many years the loan has been completed. This charge varies from 4% of the remaining loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Modinagar EMI Calculator

Equated Monthly Installments or EMI is a monthly fixed charge that you are required to pay to the bank as monthly repayment for the loan amount which is borrowed. Depending on your profile, the rate of interest on your loan is set. The EMI on your loan is calculated on the basis of the Interest Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan. You can use a personal loan EMI calculator to calculate your EMIs. 

CIBIL Score required for Personal Loan Modinagar

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

Dialabank is one of the leading agents for availing Personal Loan in Modinagar. You can easily apply online 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 Modinagar Contact Number

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

Pre Calculated EMI Table for Personal Loan Modinagar

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 Modinagar

Modinagar is a city and a municipal board in the Ghaziabad district in the Indian state of Uttar Pradesh. The city was founded in 1933 by Rai Bahadur Gujar Mal Modi who established the Modi Group of Industries here along with his brother, Kedar Nath Modi. It is approximately 45 kilometres northeast of New Delhi.

FAQs About Personal Loan Modinagar

✅ Who can apply for a Personal Loan in Modinagar?

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 Modinagar.

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

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 Modinagar?

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

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 1% of the loan amount.

Pre-closure Charges: Whenever you want to close a running loan before its agreed 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 Modinagar 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 as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.