Personal Loan Panchkula

Best Banks for Personal Loan in Panchkula

Personal Loan Panchkula Features

Are you running short on cash? Do not worry Personal Loan is available for you. This loan is unsecured in nature with minimal documentation and less paperwork. This loan can get approved within 48 hours after the verification process.

Personal Loan Panchkula is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan, the applicant needs to have a rigid and good source of income and has a good credit history.

Finance through a Personal Loan can be used for any purpose and is not restricted to any one purpose. Due to its dynamic use, it is quite convenient for all to avail.

Personal Loan in Panchkula Interest Rates

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

Documents required for Personal Loan Panchkula

Salaried Customers:

1. Salary slips of last three months
2. Identity proof (Aadhar card/driving license)
3. Bank statements for the previous 6 months
4. 2 recent coloured passport-sized photographs
5. PAN Card
6. Residence Proof (Owned/Rented/Company provided)

*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. Two passport-sized photographs
4. ID Proof such as Aadhar Card, Voter ID, Driving License
5. Residence Proof

Personal Loan Panchkula Eligibility Criteria 

Salaried and Self-Employed have different eligibility criteria for Personal Loan Panchkula are the following:

Salaried Applicants:

1. The applicants must have work experience of three years. And the salary should be received in their personal accounts only.
2. The applicants must have an excellent credit history.
3. The minimum age requirements of the borrower should be 21 years and a maximum of up to 60 years
4. The job location of the applicant should be mentioned.

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 applicant is a  businessman, then the business should be running for the past three years.
4. The credit score of the individual applicants should be good without 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 his bank statement of the previous three months.

Click here to know more about eligibility: Personal Loan Eligibility

Why Apply for a Personal Loan in Panchkula?

1. Mortgage and collateral security to the bank is needless as it is an unsecured loan
2. A Personal Loan does not require any guarantor or nominee.
3. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
4. The amount of a personal loan depends upon the repayment of individual income and capacity.

How to apply for a Personal Loan in Panchkula?

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.
4. Our executives will get in touch with you regarding the details and eligibility
5. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Panchkula

Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges are 1% of the 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 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 EMI Calculator Panchkula

Equated Monthly Installments also know as EMI are the monthly fixed charges that 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 on the basis the personal loan 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.

To know more about EMI Calculator, click here: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Panchkula

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

The institutions don’t just look at the overall score but also the detailed behavior 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 Panchkula Agents

Dialabank is the leading agent for availing Personal Loan in Panchkula. Apply online or give a call at 9878981166.

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

Personal Loan Panchkula Contact Number

Call 9878981166 and get Instant Personal Loan in Panchkula.

Pre Calculated EMI Table for Personal Loan Panchkula

About Panchkula

One of the most planned towns, Panchkula is a satellite city of the state of Haryana. It adjoins the Tricity of Chandigarh, Mohali, and Zirakpur. It is famous for its trekking on the Morni hills where peacocks can be found along with the presence of Chandel ruins in the city.

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