Personal Loan Morbi

Major Personal Loan Providers in Morbi

Personal Loan Morbi Features

Need a loan for unpredicted payments? A personal loan does not constitute any custody of an asset and is suitable for people who stagger to give their valuable property as collateral for the loan. This loan is a resource free where one need not invest any form of property as collateral.

A personal loan is the funds that a bank provides to the customers for their personal usages. The money of these loans cannot be used for business or commercial purposes. Personal Loan Sonipat is unsecured that means no securities have to be submitted to the banks and NBFCs.The amount of lent money is totally dependent on the customer’s income.

Personal Loan Morbi Interest Rates

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

Documents for Personal Loan Morbi

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

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

Self-Employed Customers:

1. All financials are required (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 Morbi

The personal loan eligibility criteria for both Salaried and Self-Employed are different:

Salaried Applicants:

1. The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
2. The applicants must have work experience of three years. And the salary should be received in their accounts only.
3. The applicants must have an excellent credit history.
4. The job location of the applicant should 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 an independent person should be 25 years.
2. The applicants applying for the personal loan should file ITR for the last three years.
3. If the applicants are the businessman, then the business should be running from the past three years.
4. The individual applicants’ credit score should be good .there should not be any debt or 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 bank statements of the previous three months.

Click here to know more – Self-employed Applicant.

Why Apply for Personal Loan Morbi?

1. There is no need to deposit any mortgage and collateral security to the bank.
2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
3. The amount of a personal loans depends upon the repayment of individual income and capacity.
4. A Personal Loan does not require any guarantor or nominee.

How to apply for Personal Loan Morbi?

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

Processing Fee / Prepayment Charges on Personal Loan Morbi

Every Bank and NBFC charges a fee for processing your Personal Loan application. The Personal loan Morbi processing fee is 1% of the sanctioned loan amount.

In case you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has been done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the loan’s 4th year.

Personal Loan Morbi EMI Calculator

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

CIBIL Score required for Personal Loan Morbi

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Sonipat. Most institutions require a minimum score of 750 to process your loan application.

The institutions don’t just look at the overall score and the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Personal Loan Morbi Agents

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

Dialabank helps you find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks to make the right choice. Visit our website Dialabank and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.

Personal Loan Morbi Contact Number

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

Pre Calculated EMI Table for Personal Loan Morbi

About Morbi

Morbi is the small town of Gujarat India. This beautiful city is located in the Bank Of Machchhu. It is one of the richest cities in India. It is known for its architecture and buildings.

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