Personal Loan Perumbavoor

Major Personal Loan Providers in Perumbavoor

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 Perumbavoor Features

Are you in need of cash? Well, you do not have to worry. A personal loan is a sort of loan that is available for you. This kind of loan is not only of an unsecured environment with significantly fewer documents required with even lesser paperwork. This nature of loan may be allowed in up to 48 hours to get approved following the process of verification.

Personal Loan Perumbavoor gives financial aid support to all clients at affordable as well as cost-effective interest rates. To get a Personal Loan, the candidate is required to have a relatively stronger and reliable source of income and also a pretty good credit account profile.

Also, there exists no stated end-use limitation on the use of the personal loan sum. This loan amount can be used in whatever way is needed. In order to demand a personal loan, Perumbavoor click on Personal Loan

Personal Loan Perumbavoor 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 Perumbavoor

Salaried Customers:

1. Identity data(Aadhar card/driving license)
2. Comments for the salary of the past three months.
3. Bank charges for the last 6 months
4. PAN
5. Proof for Residency(Own/Rent/Company provided)
6. Passport-size photo- 2

*NOTE: If one lives in rented rooms, a rent agreement needs to be attached.

Self-Employed Customers:

1. All financial statements are expected(Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar
4. Residence Verification
5. Passport-sized images- 2

Eligibility Criteria for Personal Loan Perumbavoor

here to know more concerning personal loan eligibility

Salaried Applicants

1. The base age of the claimant ought not to be under 21 years or over 60 years.
2. The candidate must have work knowledge of, in any event, three years. The coverage ought to have been left in their records, as it were.
3. The claimant should have an outstanding credit account.
4. The job position of the applicant should be considered.
5. The borrower must have the smallest income of at least INR 25,000 p.m.

To know more about a personal loan for Salaried Applicant

Self-Employed Applicants

1. The age of an autonomous person fitting should be at least 25 years.
2. The aspirant applying for a personal loan should have been filing ITR for the past three years. In case the candidate is a businessman, then the business is expected to be running well for the last 3 years.
3. The credit score of the candidate should be good, and there must not be any obligation or any dues pending.
4. The yearly income of the claimant should be no less than Rs 2.5 lakh.
5. The entire document verification means for the personal loan approval demands the applicants submit their financial declarations and their bank statement of the past three months.

Click here to find out more about the personal loan for– Self-employed Applicant.

Why Apply for Personal Loan Perumbavoor?

1. There is no hard and fast law for the demand of depositing any mortgage or collateral as a protection to the bank.
2. A personal loan is a description of a multidimensional loan, so it can be established to use for any issue.
3. The amount of personal investments is entirely based on the repayment potential of the applicant.
4. A Personal Loan does not require any contestant or guarantor.

How to apply for Personal Loan Perumbavoor?

1. Visit this website: Dialabank.
2. Then, go to the loan section and go to the personal loan connection. It will show you the detailed report of the personal loan where you can pick your city. For more knowledge and free guidance, please call 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Perumbavoor

All Banks and NBFCs cost a certain fee to process a Personal Loan form. This cost ranges between 1.5% to 2.5% of the sanctioned loan amount.

If you wish to terminate your loan before the selected loan tenure, all lending companies will be charging you a fine as a prepayment fee. Usually, you will not be allowed to close your loan ere 12 months. Post that, the prices differ based on the number of years the loan has completed. This charge changes from 4% of the remaining loan product in the second year to 2% in the fourth year of the loan.

To comprehend the interest rate bang on personal loan interest rate.

Personal Loan Perumbavoor EMI Calculator

Equated Monthly Installments or EMI implies a cyclic fixed rate that you are required to pay to the bank as monthly repayment for the loan amount which is obtained. According to your profile, the rate of advantage on your loan is set. The EMI on your loan is anticipated depending upon the Rate the bank statements you with and the loan value you have to take, and the space for which you take the loan.

CIBIL Score required for Personal Loan Perumbavoor

All the lending institutions have their own rules for a minimal CIBIL score that is needed to prepare a Personal Loan application in Perumbavoor. Mostly, the institutions need a least score of at least 750 to further prepare an application.

No institution only stares at the overall score. They also seem at an elaborated view of the previous loans. The details cover the type of loans and the amount of money that was used. If there exists any delay in the mortgages of the previous loans, it may prevent the approval of the present loan.

Personal Loan Perumbavoor Agents

Dialabank is one of the foremost agents for availing Personal Loan in Perumbavoor. You can quickly apply online at Dialabank or give a call at 9878981166

Dialabank assists you to look for the most suitable option of Banks and NBFCs by giving you entrance to an in-detail market comparative analysis of various banks to help you pick the right one. Visit our website Dialabank and fill out a simple application with the details of personal and employment data. Our customer relationship directors will be in touch with you shortly.

Personal Loan Perumbavoor Contact Number

Call 9878981166 and get timely assistance and admiration for Personal Loan in Perumbavoor.

Pre Calculated EMI Table for Personal Loan Perumbavoor

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

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About Perumbavoor

Perumbavoor is a historical place located at the Bank of Periyar in the Ernakulam District in the Indian state of Kerala. It lies in the northeastern tip of the Greater Cochin area and is also the headquarters of Kunnathunad Taluk. Perumbavoor is famed in the state for wood industries and small-scale industries.

FAQs About Personal Loan Perumbavoor

✅ Who can apply for a Personal Loan in Perumbavoor?

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 Perumbavoor.

✅ What is the tenure of a Personal Loan in Perumbavoor?

Most 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 term of the loan.

✅ Are there any other charges involved in Personal Loan Perumbavoor?

Yes, there are 2 types of charges that one needs to pay to avail of a personal loan in Perumbavoor:

• 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 been completed before you decide to pre-close it.

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

Personal Loan, being an unsecured loan, one of the most significant 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 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.

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