Major Personal Loan Providers in Palladam
| 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 Palladam Features
Are you in need of cash? Well, you do not have to suffer. A personal loan is a kind of loan that is available for you. This kind of loan is not only of an unsecured nature with very some documents needed with also lesser paperwork. This type of loan may be allowed in up to 48 hours to get approved following the process of confirmation.
Personal Loan Palladam provides economic aid assistance to all clients at affordable as well as cost-effective interest charges. To get a Personal Loan, the candidate is required to have a relatively stronger and dependable source of income and also a reasonably good credit history profile.
Also, there exists no said end-use restriction on the use of the personal loan amount. This loan sum can be used in whatever way wanted.
In order to appeal for a personal loan, Palladam click on best Personal Loan
Personal Loan Palladam 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 Palladam
Salaried Customers:
- Bank statements for the last 6 months
- PAN
- Proof for Residency(Own/Rent/Company provided)
- Identity proof (Aadhar card/driving license)
- Comments for the salary of the past three months.
- Passport-size photograph – 2
*NOTE: If one remains in rented apartments, rent adjustment needs to be attached.
Self-Employed Customers:
- All economic statements are required(Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Residence Proof
- Aadhar
- Passport-sized photographs- 2
PERSONAL LOAN
Interest Rate 9.99%
Eligibility Criteria for Personal Loan Palladam
Bang here to comprehend more about personal loan eligibility
Salaried Applicants
- The base age of the claimant ought not to be under 21 years or over 60 years.
- The candidate must have a work knowledge of in any event three years. The payment ought to have been moved in their studies as it were.
- The candidate should have an outstanding credit history.
- The job area of the nominee should be mentioned.
- The borrower must have a least income of at least INR 25,000 p.m.
Click here to know more concerning a personal loan for- Salaried Applicant
Self-Employed Applicants
- The age of a nonpartisan person using should be at least 25 years.
- The credit score of the applicant should be able and there must not be any money or any dues pending.
- The yearly income of the candidate should be no less than Rs 2.5 lakh.
- The applicant applying for personal credit should have been filing ITR for the preceding three years. In case the candidate is a businessman, then the business is expected to be running well for the last 3 years.
- The entire document verification process for the personal loan approval requires the applicants to submit their business reports and their bank statement for the prior three months.
Click here to comprehend more about the personal loan for– Self-employed Applicant
Why Apply for Personal Loan Palladam?
- There is no solid and fast rule for the requirement of depositing any mortgage or collateral as a security to the bank.
- A personal loan is a kind of multidimensional investment, so it can be put to use for any kind of problem.
- The number of personal loans is entirely based on the repayment potential of the applicant.
- A Personal Loan does not require any contestant or guarantor.
How to apply for Personal Loan Palladam?
- Visit this website: Dialabank.
- Then, go to the loan division and go to the personal loan connection. It will lead you to the specific information of the personal loan where you can select your city. For more knowledge and free guidance, please call 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Palladam
All Banks and NBFCs cost a certain payment to process a Personal Loan application. This cost ranges between 1.5% to 2.5% of the sanctioned loan sum.
If you crave to close your loan before the selected loan tenure, all lending companies will be charging you a sentence as a prepayment fee. Usually, you will not be provided to close your loan before a period of 12 months. Post that, the management differ based on the number of years the loan has finished. This charge deviates from 4% of the outstanding loan amount in the second year to 2% in the fourth year of the loan.
To know about the interest rate bang on personal loan interest rate
Personal Loan Palladam EMI Calculator
Equated Monthly Installments or EMI implies a regularly fixed rate that you are required to pay to the bank as monthly repayment for the loan amount which is secured. According to your form, the rate of interest on your loan is fixed. The EMI on your loan is determined depending upon the Rate the bank credits you with and the loan amount you have to use and the time for which you take the loan.
CIBIL Score required for Personal Loan Palladam
All the lending companies have their own standards for a minimal CIBIL score that is required to prepare a Personal Loan application in Palladam. Mostly, the institutions need the smallest score of at least 750 to further process an appeal.
No institution only looks at the overall number. They also look at a developed view of the past loans. The features include the type of loans and the amount of cash that was borrowed. If there is any delay in the payments of the previous loans, it may prevent the approval of the present loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Palladam Agents
Dialabank is one of the foremost agents for availing Personal Loan in Palladam. You can easily utilize online at Dialabank or give a call at 9878981166
Dialabank encourages you to look for the most suitable selection of Banks and NBFCs by giving you entrance to an in-detail market comparative analysis of different banks to help you pick the finished one. Hit our website Dialabank and stretch out a single form with the details of personal and employment data. Our consumer relationship directors will be in touch with you shortly.
Personal Loan Palladam Contact Number
Call 9878981166 and get timely support and approval for a Personal Loan in Palladam.
Pre Calculated EMI Table for Personal Loan Palladam
Click here for a personal loan EMI calculator
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 |
About Palladam
Palladam is a town and First Grade Municipality in Tirupur district in the state of Tamil Nadu, India. It is one of the seven taluks of the Tirupur district. Palladam is located on National Highway NH 67.
FAQs About Personal Loan Palladam
Who can apply for a Personal Loan in Palladam?
People who have an important need for cash and have a regular source of revenue (from employment or business) can ask for a Personal Loan in Palladam.
What is the tenure of a Personal Loan in Palladam?
Most maximum of the Banks and NBFCs provide a Personal Loan for a min duration of 1 Yr and a Max period of 5 Years. There are amazing Banks which extend the maximum period to 7 Years also. The tenure is set and cannot be extended. The payment has to be made in equal monthly instalments within the allowed tenure of the loan.
Are there any other charges involved in Personal Loan Palladam?
Yes, there are 2 types of statements that one needs to pay in quantity to avail a personal loan in Palladam:
Processing Fee: For each bank or lending institution that you borrow from, there is a little fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee ranges for each lending company and is normally between 1% and 2.5% of the loan amount.
Pre-closure Charges: If you need to close a running loan before its chosen 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 prices vary depending on how many years has your loan been made before you decide to pre-close it.
Can my application for Personal Loan Palladam get rejected due to my CIBIL score?
Personal Loan, being 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 necessary if you wish to avail of a Personal Loan in the prospect. Make sure you don’t leave or delay 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 occur because of a low CIBIL Score.
