Personal Loan Panvel

Best Banks for Personal Loan in Panvel

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	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 in Panvel Features

Do you need money for the purchase of ornaments? Do you need money for the renovation of the house or apartment? Here is the solution, you can avail of the personal loan. This Personal loan Panvel is an instant loan that can be provided without any collateral pledge and for your immediate needs or wants.

Personal loan provides flexibility in the use of funds as per your needs. The loan is provided to those individuals who are having good cibil scores or valid credit history for the past few years.

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

Furthermore, there is no end-use restriction on the use of the personal loan Panvel amount. You can use this loan amount anywhere you want spend or purchase anything to do or for any event.

Personal Loan in Panvel  Interest Rates and Charges 

The personal loan interest rates depend on the customer’s CIBIL score and financial standing:

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

Personal Loan in Panvel Documents Required 

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 case of rented apartments, 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

Personal Loan in Panvel Eligibility Criteria

The Personal Loan Eligibility criteria for both individuals of Salaried and Self-Employed individuals are different:

Salaried Applicants

1. The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
2. The applicants must have the work experience of a minimum of three years. And the salary should be received and deposited in their accounts only.
3. The applicants must have no dues 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- Personal Loan 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 Panvel should file ITR for the last three years.
3. If the applicants are the businessman, then the business should be running from the past about three or five years.
4. The credit score of the individual applicants should be good also 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 Panvel is the applicants have to submit his financial and his bank statement of the previous three months.

Click here to know more –Personal loan Self-employed Applicant

Why Apply for Personal Loan Panvel?

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

How to apply for Personal Loan Panvel?

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. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Panvel

Every Bank and NBFC charges a fee for processing your Personal Loan Panvel application. These charges are 1% of the sanctioned Personal loan Panvel amount.

In case you wish to foreclose your Personal loan Panvel before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your Personal loan Panvel before 12 months. Post that the charges vary depending on how many years the Personal loan Panvel has done.

Personal Loan Panvel EMI Calculator

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 Personal loan Panvel 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. The Personal Loan EMI Calculator as follows:

CIBIL Score required for Personal Loan Panvel

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Panvel. Most institutions require a minimum score of 750 to process your Personal loan Panvel application. Interested customers can check the CIBIL score beforehand, for a better understanding.

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

Personal Loan Panvel Agents

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

Dialabank helps you to find the best option of Personal loan Panvel Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice. Visit our website and get best offers on 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 Panvel Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Panvel.

Pre Calculated EMI Table for Personal Loan Panvel

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

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About Panvel

Panvel is a locality or place in the Raigad district of Maharashtra in the Konkan Division and is a node of Navi Mumbai city. It is highly populated due to its closeness to Mumbai. Panvel is located inside the Mumbai Metropolitan Region

FAQs

✅ Who can apply for a Personal Loan Panvel?

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 Panvel.

✅ What is the tenure of Personal Loan Panvel?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks that extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly instalments within the agreed tenure of the loan.

✅ Can my application for Personal Loan Panvel get rejected due to my CIBIL score?

Since Personal Loan Panvel is 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 important if you wish to avail of 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 result in decreasing your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.

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