Personal Loan Morvi

Best Banks for Personal Loan in Morvi

Personal Loan in Morvi Features

If you are giving up on your dream due to the financial crisis, and you think that there is no hope for you to achieve the goals you set, a Personal Loan will push you to gain confidence again and believe in those dreams. It is an instant loan that an individual can avail of within 48 to 72 hours. A Personal Loan requires minimum documentation for the approval of the personal loan

Moreover, there is no limitation on utilizing this loan amount for any specific purpose.

Personal Loan in Morvi Interest Rates and Charges

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

Personal Loan in Morvi Documents Required

Salaried Customers:

1. Proof of residence: Passport/ Voter card/ Aadhar card/ration/card/driving license
2. Two coloured passport size photos (without glasses)
3. Under KYC  formality: every applicant has to submit his pan card, which is an essential document.
4. Identity proof: Passport/ID card/ Voter card/ Aadhar card/ration/card/driving license
5. Proof of income: The applicants have to have their salary slip for the last three months and bank statement for the last six months.

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

Self-Employed Customers:

1. Proof of residence: Passport/ Voter card/ Aadhar card/ration/card/driving license
2. Two coloured passport size photos (without glasses)
3. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
4. Under KYC  formality: every applicant has to submit his pan card, which is an essential document.
5. Identity proof: Passport/ID card/ Voter card/ Aadhar card/ration/card/driving license
6. Proof of income: The applicants have to his salary slip of the last three months and bank statement for the last six months.

Personal Loan in Morvi Eligibility Criteria

The personal loan eligibility criteria for both Salaried and Self-Employed vary in the following ways:

Salaried Applicants

1. The applicants must have the work experience of the three years and the salary should be received in their accounts only.
2. The job location of the applicant should be mentioned.
3. Age limit: 21 to 60 years
4. The applicants must have a decent credit history and a good CIBIL Score is a must for approval of the personal loan

Self-Employed Applicants

1. The minimum age should be 25 years.
2. The applicants applying for the personal loan should file ITR for the last three years.
3. The credit score of the individual applicants should be good. There should not be any debt or dues left.
4. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
5. The business should be running from the past three years with regular profit
6. All the bank and financial statements of the previous 3 months to be submitted

Click here to know more about eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Morvi?

1. As it is an unsecured loan, no mortgage or collateral needs to be deposited.
2. The amount of a personal loan depends upon the repayment capability and income of the applicant
3. It is a multi-purpose offer loan and can be used for anything whatsoever
4. It does not require any guarantor or nominee.

How to apply for Personal Loan Morvi?

1. Visit Dialabank
2. Go to 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 choose their preferred city along with all the necessary details
4. Our relationship managers will then get in touch with you and provide you with the suitable offers
5. For more information call us on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Morvi

Processing of the personal loan application form requires a fixed amount known as processing fees that is charged by the bank to the borrower. These charges vary between 1.5% to 2.5% of the sanctioned loan amount.

Every lending institution charges you a penal prepayment fee, in case you wish to foreclose your loan before the agreed loan tenure. 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 4th year of the loan.

Personal Loan Morvi EMI Calculator

Repayment of the loan amount borrowed by the bank can be done in an easy way which is through Equated Monthly Installments also known as EMI. EMI needs to paid regularly on a monthly basis. 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.

Get to know more about EMI Calculator: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Morvi

With a good CIBIL score and credit history, the process of loan approval become much simpler. Most lending establishments require a minimum score of 750 to approve your loan application.

The banks don’t just look at the overall score but also the detailed behaviour on the loan history including details on the type of loan taken, mode of repayment, and the amount borrowed. Any delayed payments for previous loans can act as a barrier in availing of loans in the future.

Personal Loan in Morvi Agent and Contact Number

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

Call 9878981166 and get Instant Personal Loan in Morvi.

Pre Calculated EMI Table for Personal Loan Morvi

About Morvi

Also known as Morbi, Morvi is a city situated in the state of Gujarat. It is an industrial hub famous for the electronics and clocks along with a wide base of ceramic industry

Personal loan in other cities in Gujarat