About Personal Loan Perinthalmanna
Human beings have never-ending desires, and these cannot be met with the limited income. A Personal Loan is a scheme that provides money to people for meeting all the needs and desires without the hassle of collateral. This loan is a collateral free scheme that does not require to place any asset as collateral.
What is Personal Loan?
Personal Loan is a collateral free loan that comes without any security. It is a handy option for the people who do not possess any collateral or do not have their own. The loan can be availed to meet various requirements of life.
Why Personal Loan Perinthalmanna?
The processing fee is up to 2% of the loan amount.
Personal Loan Perinthalmanna tenure ranges up to 5 years.
The lowest EMI per lakh is Rs 2,162.
The prepayment charges are NIL up to 5 percent.
Click here to know more about- EMI Calculator
Personal Loan Perinthalmanna Eligibility Criteria
Eligibility for Loan depends upon several factors such as your credit score, monthly income, and several other ongoing EMIs, etc. There are two categories of applicants:
1. Salaried Applicant
2. Self-employed Applicant
There are various eligibility criteria for both applicants:
Age: First of all, the age should be 21-60 years.
Current Work Experience: Minimum 1 month
After that Total Work Experience: Minimum 2 years
Besides that Minimum Salary: Rs. 12,000/to 18,000/- per month net income
Click here to know more about- Salaried Applicant
Click here to know more about- Self-employed Applicant
Personal Loan Perinthalmanna Interest Rates
The interest rates for Personal Loan Perinthalmanna depends upon the company’s profile and salary of a person. The interest rate of personal Loan starts from 10.75% per year.
More About: Interest Rates on Personal Loan
Personal Loan Perinthalmanna Documents
- Identity proof is required. (Passport/Id card/voter card/driving license) It can be any one of them.
- Photographs passport size colored photo.
- Passport can also be considered as your identity proof because it has an applicant name, age, address, and a photograph. If you have a passport, then there is no need to bring your address proof separately. But the passport should not be expired.
- Bank statement of the last six months and the salary slip of last three months is also needed.
- Residence proof can be the Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
- A driving license is also regarded as a proof of identity and residence evidence because it contains the name, date of birth, and a photograph of the applicant. But the condition is that it should not be expired.
- Aadhar card is provided by UIDAI that contains biometric details of the customers like age, date of birth, and photos of the individual and also consider as proof of your date of birth.
- PAN card is the permanent account number given to the customers, and it prevents the financial frauds. So it is also considered as an identity/residence proof. Pan card is essential to document under KYC formality.
- Ration card is also considered as a residence proof because it provides enough information about the applicant.
Why your decision of choosing Dialabank is the right decision?
- We do not charge any extra fees from our customers.
- We are always ready to help our applicants and are available 247.
- The approval process is time-saving if you apply through dialabank.
- The Loan gets disbursed within 24 hours.
- Our experts will assist you, and our relationship managers will provide guidance.
Personal Loan Perinthalmanna Tenure
The tenure of Personal Loan Perinthalmanna is from 1 year to 5 years. If you want to close your loan before the tenure of the loan to get rid of the interest rates than you can do so.
How to apply for Personal Loan Perinthalmanna?
- Visit this website: www.dialabank.com.
- When, go to the loan section and go to the personal loan link. It will direct you to the detailed information of the personal loan where you can pick your city. For more information and free guidance, please call 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Perinthalmanna
All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost varies between 1.5% to 2.5% of the sanctioned loan amount.
If you wish to close your loan before the decided loan tenure, all lending institutions will be charging you a penalty as a prepayment fee. Usually, you will not be allowed to close your loan before a period of 12 months. Post that, the charges differ based on the number of years the loan has completed. This charge varies from 4% of the remaining loan amount in the second year to 2% in the fourth year of the loan.
To know about the interest rate click on personal loan interest rate
Personal Loan Perinthalmanna EMI Calculator
Equated Monthly Installments or EMI implies a monthly fixed rate that you are needed to pay to the bank as monthly repayment for the loan amount which is secured. According to your profile, the rate of interest on your loan is set. The EMI on your loan is calculated depending upon the Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan.
CIBIL Score required for Personal Loan Perinthalmanna
All the lending institutions have their criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Perinthalmanna. Mostly, the institutions need a minimum score of at least 750 to further process an application.
No institution only looks at the overall score. They also look at an elaborated view of the previous loans. The details include the type of loans and the amount of money that was borrowed. If there exists any delay in the payments of the previous loans, it may hinder the approval of the present loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Perinthalmanna Agents
Dialabank is one of the leading agents for availing Personal Loan in Perinthalmanna. You can easily apply online at www.dialabank.com or give a call at 9878981166
Dialabank assists you to look for the best option of Banks and NBFCs by giving you access to an in-detail market comparative analysis of various banks to help you pick the right one. Visit our website www.dialabank.com and fill out a simple form with the details of personal and employment data. Our customer relationship managers will be in touch with you shortly.
Personal Loan Perinthalmanna Contact Number
Call 9878981166 and get timely assistance and approval for a Personal Loan in Perinthalmanna.
Pre Calculated EMI Table for Personal Loan Perinthalmanna
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 Perinthalmanna
Perinthalmanna is a town in the district Malappuram of Kerala state, India. It is very beneficial for an individual to take a personal loan, all you have to do is to visit www.dialabank.com or call on 9878981166.
FAQs About Personal Loan Perinthalmanna
✅Who can apply for a Personal Loan in Perinthalmanna?
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 in Perinthalmanna.
✅What is the tenure of Personal Loan in Perinthalmanna?
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 which 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 installments within the agreed tenure of the loan.
✅Are there any other charges involved in Personal Loan Perinthalmanna?
Yes, there are 2 types of charges that one needs to pay to avail a personal loan in Perinthalmanna:
Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount.
Pre-closure Charges: If you want to close a running loan before its decided 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 charges vary depending on how many years has your loan completed before you decide to pre-close it.
✅Can my application for Personal Loan Perinthalmanna get rejected due to my CIBIL score?
Personal Loan, being an unsecured loan, one of the most significant decision criteria for getting your 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 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.
Personal Loan Interest Rates: Updated 2020
| Bank | Interest Rates |
|---|---|
|
10.99% to 18% |
|
|
13.99% to 18% |
|
|
17.25% to 32% |
|
|
13.99% to 16.75% |
|
|
15.50% to 24% |
|
|
15.75% to 22% |
|
|
13.75% to 19% |
|
|
13.50% to 22% |
|
|
13.50% to 19% |
|
|
13.75% to 22% |
|
|
Corporation Bank |
14.50% to 20% |
|
13.70% to 20% |
Personal Loan Interest Rates: Updated 2020
| 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
Other Cities For Personal Loan In Kerela
| Personal Loan Wayanad | Personal Loan Thiruvananthapuram |
| Personal Loan Varkala | Personal Loan Shoranur |
| Personal Loan Trichur | Personal Loan Punalur |
| Personal Loan Trivandrum | Personal Loan Ponnani |
