Best Banks for Personal Loan in Mohali
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
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 Mohali Features
A personal loan is an unsecured loan that provides financial assistance to the customers at affordable interest rates. To get a Personal Loan in Mohali, the applicant needs to have a rigid and good source of income and also have a good credit history. Also, there is no end-use restriction on the use of the personal loan amount which means that you can use this loan amount anywhere you want to.
Personal loans are quick, prompt, cheap, and easily accessed. These loans are a blessing for all those, who are facing financial urgency In any sort and are not getting way to meet their personal needs. These debts are unsecured in nature and require less paperwork.
Personal Loan in Mohali Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
Documents Required for Personal Loan in Mohali
Personal loan documents required vary for salaried customers and self-employed ones. The important documents for both kinds of customers are:
Salaried Customers:
- Bank statements of the last 6 months
- The rent agreement needs to be attached.
- PAN Card.
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
- Identity proof (Aadhaar card/driving license)
- Salary slips of last three months
Self-Employed Customers:
- Two passport-sized photographs
- Balance Sheet, P&L Statement as well as ITR files and other necessary financials
- PAN Card
- Aadhaar Card
- Residence Proof
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Mohali Eligibility Criteria
The Personal loan eligibility criteria for both Salaried and Self-Employed customers are as follows:
Salaried Applicants
- Work Experience: Should be Overall 3 years and must have 1-year experience in the current job.
- CIBIL Score must be more than 700.
- A person who gets his/her salary in cash will not eligible for availing Loan
- Salary: Rs 18,000 (Monthly).
- Minimum Age: 21 Years.
- Maximum Age: 60 Years.
Self-Employed Applicants
- Residence: Must be having an Office and Home.
- The business should be operating for the last 3 years.
- CIBIL Score must be more than 700.
- Minimum Age: 25 Years.
- Maximum Age: 65 Years.
- Should be filing for an annual ITR of 2.5 to 3 lakh regularly.
Why Apply for Personal Loan in Mohali?
- It is a simple and safe loan scheme for raising funds in times of emergency.
- It is quickly available within 48 hours.
- It is a multi-purpose offer that can be used for almost any kind of financial problems.
- Free of any type of cost.
How to apply for Personal Loan in Mohali?
Anybody can apply for Personal Loan Mohali online only in 2 minutes. The process of application is straightforward and quick.
- Visit www.dialabank.com.
- After that, apply for a Personal Loan online.
- Fill your details like name, income, location, etc. to assist us better in providing you offers.
- Our relationship manager will soon get back to you.
- Dialabank is the best platform to apply for a personal loan as you will get a loan at affordable rates of interest without being charged for it.
You may also call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fees / Prepayment Charges on Personal Loan in Mohali
Availing a personal loan in Mohali incurs some kinds of charges. Every Bank and NBFC charges mainly two kinds of fees from its customers.
- The first is a processing fee for processing your Personal Loan application. These charges vary between 1% of the entire sanctioned loan amount.
- The second being Pre-closure charges in-case you want to close your loan before your fixed tenure period. Post the fixed tenure the charges vary depending on how many years the loan has left. These charges range from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year. This charge will not be applicable if you complete your loan repayment in the fixed tenure.
Personal Loan EMI Calculator Mohali
The Personal loan EMI Calculator can be used to know your EMI amount on interest on your loan amount easily. Equated Monthly Installments also know as EMI are the monthly fixed amount that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, income, and tenure the interest rate on your loan is decided. Your EMI is calculated basis the Interest Rate you are charged by the respective bank which is required to be paid every month till tenure. EMI is easy to pay and do not put any kind of burden on you financially.
CIBIL Score required for Personal Loan Mohali
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Mohali.
- The institutions and banks don’t just look at the overall score but also the detailed behavior on the previous loans taken.
- Most institutions require a minimum score of 750 to process your personal loan application.
- Others might look into other factors like income and job stability to process the loan in Mohali.
- This includes details on the type of loan taken and the amount borrowed previously. Any delayed payments on previous loans can be a barrier to your new loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Mohali Agents/Broker
Dialabank is your best agent in Mohali for availing any kind of loan. It helps you in comparing various banks and NBFCs so that you can avail of the best offers available according to your need and capacity. DialaBank is your best agent available for a personal loan in Mohali. Our relationship manager will ensure you get the loan at the lowest possible interest rate in Mohali with hassle-free documentation. The main reason behind choosing DialaBank as your agent for a personal loan in Mohali is:
- We do not charge you for our services.
- The loan gets disbursed within 24 hours of applying with us.
- Our relationship manager guides and assists you through the entire process without any fees.
For any assistance or guidance kindly contact on 9878981166.
Personal Loan Mohali Contact Number
Call 9878981166 and get instant help and approval for Instant Personal Loan in Mohali.
Pre Calculated EMI Table for Personal Loan Mohali
About Mohali
Mohali officially referred to as Sahibzada Ajit Singh Nagar, is a city situated in the Mohali district in Punjab, India, which is a commercial hub lying south-west of the capital city of Chandigarh, India. It is also the administrative headquarters of the Mohali district and one of the six Municipal Corporations of the State.
FAQs About Personal Loan Mohali
Who can apply for a Personal Loan in Mohali?
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 Mohali.
What is the tenure of Personal Loan in Mohali?
Most of the Banks and NBFCs offer a Personal Loan for a min duration of 1 Yr and a max duration of 5 Years. Some Banks extend the maximum period to 7 Years also. The tenure cannot be extended. The repayment has to be done in equal monthly installments within the loan tenure.
Are there any other charges includes in Personal Loan Mohali?
Yes, there are 2 types of charges that one needs to pay in order to get a personal loan in Mohali:
Processing Fee: For every bank or lending foundation that you borrow from, there is a small fee that they charge from the candidates. This is called a Processing Fee. The amount of processing fee differs for each lending institution and is normally between 1% of the loan amount.
Pre-closure Charges: Whenever you wish to close a running loan before its loan tenure period, the Banks and NBFCs charge an extra amount called pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges alter depending on how many years has your loan completed before you decide to pre-close it.
Can my application for Personal Loan Mohali get refused due to my CIBIL score?
Since a Personal Loan is an unsecured loan, one of the most important criteria for availing your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes important if you wish to get 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 affect your CIBIL score. Most of the Personal Loan refusals happen due to a low CIBIL Score.
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